Question # 1

Bill of exchange is written order whihc is always.

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Unconditional

conditional

Compulsory

None ofthese

Bill of exchange doesn't involved trade dealing.

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Trade bill

Accommodation bill

Both a and b

None of these

Inland sight bill of exchange is usually used in.

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Domestic trade

Inter port trade

Foreign trade

None of these

The acceptance of bill with some conditionis called.

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Dishonor acceptance

Documentary acceptance

Qualified acceptance

General acceptance

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

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Order

Bearer

Self

None of the above

Collateral parties in bill of exchange are.

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Acceptor

Endorser

Endorsee

All these

Crossing which contains the name of a particular bank is called

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Regular crossing

Irregular crossing

General crossing

Special crossing

The person is whose favor thebill is endorsed is.

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Endorsee

Endorser

Debtor

Acceptor

In case of non-negotiable instruments, the rights can:

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Be tranferred

Not be transferred

Be conditionally transferred

All of the above

Payment of sight bill is made on.

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Demad

Fixed period

Expiry

Presentation

The bill whihc is payable on its presentation is called.

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Sight bill

Time bill

Trade bill

Accommodation bill

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

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Debtor

Payee

Drawee

Acceptor

Bank or incomplete bill is called.

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Foreign bill

Local bill

Short bill

Dishonored bill

The type of Foreign or international trade are.

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^Import

Export

Interport

All these

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 drawn on

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Endorsee

Bank

Customer

All of the above

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

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