Question # 1

Drawer and Drawee belongs to two diffrent cities.

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Inland bill

Short bill

Long bill

Foreign bill

What is written on the leaf of a cheque about customer

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Name

Address

Telephone number

Account number

Endorsee of cheque is a person

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Who receives the amount of cheque

In whose favour the rights of cheque are transferred

On whom the cheque is drawn

Who draws a cheque

Cheque is a written order of customer to:

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keep the amount

Transfer the amount

Pay the amount

Recieve the amount

The person who will receive the amount of bill of exchange is.

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Debtor

Payee

Drawee

Acceptor

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

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Long bill of exchange

Foreign bill of exchange

Short bill of exchange

Sight bill of exchange

Inland sight bill of exchange is usually used in.

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Domestic trade

Inter port trade

Foreign trade

None of these

The bill whihc is payable on its presentation is called.

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Sight bill

Time bill

Trade bill

Accommodation bill

Cheque signed by drawer without filling is called

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Plain

Blank

Open

Traveller's cheque

On every cheque bank gets

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Profit

Commission

Tax

Duty

Endorsment of a cheque is always:

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Written

Oral

Written and registered

All of the above

Who can endorse the cheque:

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Holder of cheque

Drawer of cheque

Both A & B

None of these

Cheque is a written order drawn on

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Endorsee

Bank

Customer

All of the above

The person who endorse the bill of exchange in called.

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Endorser

Trustee

Enddorser

Drawee

Collateral parties in bill of exchange are.

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Acceptor

Endorser

Endorsee

All these

Bank or incomplete bill is called.

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Foreign bill

Local bill

Short bill

Dishonored bill

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

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