12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 9 (Negotiable instruments (I))

ICOM Part 2 English Medium Principles of Banking Chapter 9 MCQ's Test

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MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test"

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Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test

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Question # 1

Bank or incomplete bill is called.

Question # 2

Payee has no give his identification to bank for receiving the amount of:

Question # 3

Main parties in bill of exchang are.

Question # 4

The person who endorse the bill of exchange in called.

Question # 5

When cheque is cashed then its main foil is given to:

Question # 6

Who is called a drawee of cheque

Question # 7

If drawing of a cheque signs o its back for transferring the rights to another person is called

Question # 8

Cheque is a written order drawn on

Question # 9

Person who recieves the amount of cheque from bank is called:

Question # 10

Three grace days are given to debtors for payment.

Question # 11

The bill of exchange who's tenor is more than three month is.

Question # 12

Cheque signed by drawer without filling is called

Question # 13

What is written on the leaf of a cheque about customer

Question # 14

The person who accept the of billof excange on behalf of drawee is called.

Question # 15

Honoured cheuqe is a cheque which is

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ICOM Part 2 English Medium Principles of Banking Chapter 9 MCQ's Test

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ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 Who can endorse the cheque:
A. Holder of cheque
B. Drawer of cheque
C. Both A & B
D. None of these
2 Who did print the cheque in specific form for the first time or firstly:
A. Imperial Bank
B. Bank of England
C. State Bank of Pakistan
D. None of the above
3 Crossing of cheque is cancelled by
A. Drawer
B. Drawee
C. Holder
D. All of the above
4 The type of Foreign or international trade are.
A. Import
B. Export
C. Interport
D. All these
5 The acceptance of bill with some conditionis called.
A. Dishonor acceptance
B. Documentary acceptance
C. Qualified acceptance
D. General acceptance
6 Endorsment of a cheque is always:
A. Written
B. Oral
C. Written and registered
D. All of the above
7 Official empowered by theGovt. attest the negotiable instruments by his seal.
A. Gazette officer
B. Notary public
C. Public attorney
D. None ofthese
8 Crossing which contains the name of a particular bank is called
A. Regular crossing
B. Irregular crossing
C. General crossing
D. Special crossing
9 Cheque signed by drawer without filling is called
A. Plain
B. Blank
C. Open
D. Traveller's cheque
10 Grace days are given to debtors for payment.
A. 3 days
B. 4 days
C. 5 days
D. 6 days

Test Questions

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