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

Term dishonoring of cheque is used when

Question # 2

Bill of exchange doesn't involved trade dealing.

Question # 3

Cheque signed by drawer without filling is called

Question # 4

If drawer of cheque is a payee himself then what word is written after the word pay:

Question # 5

The type of Foreign or international trade are.

Question # 6

Endorsee of cheque is a person

Question # 7

The acceptance of bill with some conditionis called.

Question # 8

The types of local or home trade are.

Question # 9

Bill of exchange is written order whihc is always.

Question # 10

What is written on the leaf of a cheque about customer

Question # 11

The acceptance of bill without some condition is called.

Question # 12

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

Question # 13

Main parties in bill of exchang are.

Question # 14

The person who endorse the bill of exchange in called.

Question # 15

The bill of exchange who's tenor is more than three month 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 The person who will receive the amount of bill of exchange is.
A. Debtor
B. Payee
C. Drawee
D. Acceptor
2 When cheque is cashed then its main foil is given to:
A. Bank
B. Customer
C. Government
D. None of these
3 Grace days are given to debtors for payment.
A. 3 days
B. 4 days
C. 5 days
D. 6 days
4 Official empowered by theGovt. attest the negotiable instruments by his seal.
A. Gazette officer
B. Notary public
C. Public attorney
D. None ofthese
5 The bill whihc is payable on its presentation is called.
A. Sight bill
B. Time bill
C. Trade bill
D. Accommodation bill
6 Term dishonoring of cheque is used when
A. Bank refuses to pay
B. Bank stops the payments
C. Bank delay the payments
D. Bank gives cheque to clearing house
7 Honoured cheuqe is a cheque which is
A. Accepted by drawee for payment
B. Accepted by payee
C. Accepted by endorsee
D. All of the above
8 The type of Foreign or international trade are.
A. Import
B. Export
C. Interport
D. All these
9 Three grace days are given to debtors for payment.
A. Bill of exchange
B. Promissory note
C. Bank draft
D. All of these
10 Term "or oreder" is written in order cheque after:
A. Drawer's name
B. Payee's name
C. Customer's name
D. Endorsee's name

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