[{"id":108083,"question":"IOU is a document","choices":[{"text":"Negotiable","value":"A"},{"text":"Non-negotiable","value":"B"},{"text":"Conditional negotiable","value":"C"},{"text":"Unconditional negotiable","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":108082,"question":"I Owe You is a written instrument drawn by","choices":[{"text":"Trader","value":"A"},{"text":"Debtor","value":"B"},{"text":"Creditor","value":"C"},{"text":"All the above","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":108081,"question":"What does IOU mean","choices":[{"text":"I am a debtor to you","value":"A"},{"text":"I am a creditor to you","value":"B"},{"text":"Both a and b","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":108080,"question":"What is the nature of credit instrument IOU","choices":[{"text":"An autograph","value":"A"},{"text":"A monograph","value":"B"},{"text":"A holograph","value":"C"},{"text":"A sonograph","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":108079,"question":"Which of the following is used to finance the people who want to travel abroad","choices":[{"text":"Traveller's letter of credit","value":"A"},{"text":"Traveller's cheque","value":"B"},{"text":"Circular note","value":"C"},{"text":"All the above","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":108078,"question":"Which of the following is an order of payment by one post office for another post office","choices":[{"text":"Postal order","value":"A"},{"text":"Money order","value":"B"},{"text":"Both a and b","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":108077,"question":"A person in whose favour the rights of bill are transferred is called","choices":[{"text":"Drawer","value":"A"},{"text":"Payee","value":"B"},{"text":"Endorsee","value":"C"},{"text":"All of the above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":108076,"question":"Bills of exchange is a negotiable instrument which contains","choices":[{"text":"A written order","value":"A"},{"text":"Conditional written order","value":"B"},{"text":"Unconditional written order","value":"C"},{"text":"None of the above","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":108075,"question":"A bill which can be rediscounted from central bank","choices":[{"text":"Sight bill","value":"A"},{"text":"Time bill","value":"B"},{"text":"Both a and b","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":108074,"question":"Drawee fo bills of exchange is a person","choices":[{"text":"Who receives the amount of bill","value":"A"},{"text":"On whom the bill is drawn","value":"B"},{"text":"Who accepts the bill","value":"C"},{"text":"In whose favour the bill is transferred","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":108073,"question":"Retirement of bill means","choices":[{"text":"Payment of bill before due date","value":"A"},{"text":"Dishonoring of bill due to non-payment","value":"B"},{"text":"Protesting of bill","value":"C"},{"text":"Dishonoring of bill due to non-acceptance","value":"D"},{"value":"E"}],"correctAnswer":1},{"id":108072,"question":"Bill which is drawn without any trade transcation","choices":[{"text":"Sight bill","value":"A"},{"text":"Time bill","value":"B"},{"text":"Trade bill","value":"C"},{"text":"Accommodation bill","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":108071,"question":"Credit instrument drawn by one bank on another bank is called","choices":[{"text":"Cheque","value":"A"},{"text":"Bills of exchange","value":"B"},{"text":"Bank draft","value":"C"},{"text":"Treasury bill","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":108070,"question":"Drawee of the bank draft is a","choices":[{"text":"Bank which issues a draft","value":"A"},{"text":"Bank on which the draft is drawn","value":"B"},{"text":"Payee of draft","value":"C"},{"text":"Sender of amount by draft","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":108069,"question":"A person who writes the bill is called","choices":[{"text":"Drawee","value":"A"},{"text":"Drawer","value":"B"},{"text":"Payee","value":"C"},{"text":"Acceptor","value":"D"},{"value":"E"}],"correctAnswer":2}]