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Online Tests
Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test MCQs With Answers
Question # 1
Endorsment of a cheque is always:
Choose an answer
Written
Oral
Written and registered
All of the above
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Question # 2
Bill of exchange doesn't involved trade dealing.
Choose an answer
Trade bill
Accommodation bill
Both a and b
None of these
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Question # 3
The person is whose favor thebill is endorsed is.
Choose an answer
Endorsee
Endorser
Debtor
Acceptor
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Question # 4
Official empowered by theGovt. attest the negotiable instruments by his seal.
Choose an answer
Gazette officer
Notary public
Public attorney
None ofthese
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Question # 5
Term dishonoring of cheque is used when
Choose an answer
Bank refuses to pay
Bank stops the payments
Bank delay the payments
Bank gives cheque to clearing house
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Question # 6
Crossing makes the cheque:
Choose an answer
Unsafe
Unacceptable
Safe
Acceptable
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Question # 7
Safest cheque for making payment is:
Choose an answer
Crossed cheque
Order cheque
Bearer cheque
All of the above
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Question # 8
Payment of sight bill is made on.
Choose an answer
Demad
Fixed period
Expiry
Presentation
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Question # 9
Who is called a drawee of cheque
Choose an answer
Payee
Bank
Customer
Endorsee
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Question # 10
The person in whose favour the rights of recieving the amount of cheque transferred:
Choose an answer
Endorser
Payee
Endorsee
All of the above
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Question # 11
Crossing which contains the name of a particular bank is called
Choose an answer
Regular crossing
Irregular crossing
General crossing
Special crossing
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Question # 12
Drawer and Drawee belongs to two diffrent cities.
Choose an answer
Inland bill
Short bill
Long bill
Foreign bill
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Question # 13
Cheque is always crossed by
Choose an answer
Drawer
Drawee
Holder
All of the above
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Question # 14
If drawing of a cheque signs o its back for transferring the rights to another person is called
Choose an answer
Material change
Endorsement
Crossing
Acceptance
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Question # 15
Main parties in bill of exchang are.
Choose an answer
Three
Two
Four
Five
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Question # 16
The bill of exchange who's tenor is less than three month is.
Choose an answer
Long bill of exchange
Foreign bill of exchange
Short bill of exchange
Sight bill of exchange
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