12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 10 (Negotiable Instruments (II))

ICOM Part 2 English Medium Principles of Banking Chapter 10 MCQ's Test

Start Chapter 10 Test

MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test"

Try The MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test"

  • Total Questions15

  • Time Allowed20

Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test

00:00
Question # 1

Endorser of promissory note is a :

Question # 2

The main characteristics of bank draft.

Question # 3

A person who writes the bill is called

Question # 4

How many parties are involved in bank draft.

Question # 5

On issuance of bank draft bank gets.

Question # 6

Bills of exchange is a written order which is always

Question # 7

Drawee of bank draft is.

Question # 8

Drawee of the bank draft is a

Question # 9

Credit instrument drawn by one bank on another bank is called

Question # 10

Bills of exchange can be cashed from bank before maturity by:

Question # 11

Bill in which drawer belonging to two different countries:

Question # 12

The draft which is drawn and paid in two different countries.

Question # 13

Bills of exchange is a negotiable instrument which contains

Question # 14

In case of bank draft the drawer is.

Question # 15

Negotiable credit instrument do not include.

Prepare Complete Set Wise Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test" MCQs Online With Answers


Topic Test

00:00

ICOM Part 2 English Medium Principles of Banking Chapter 10 MCQ's Test

Top Scorers Of Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 10 Online Test" MCQ`s Test

  • M
    Mubashira 09 - Jul - 2021 00 Min 05 Sec 15/15
  • S
    Sidra 12 - Jul - 2021 00 Min 56 Sec 15/15
  • A
    ADNAN 17 - Jul - 2021 01 Min 52 Sec 15/15
  • M
    Muhammad Rafay 16 - Jul - 2021 01 Min 58 Sec 15/15
  • A
    Ahmed shujah 16 - Jul - 2021 02 Min 15 Sec 15/15
  • T
    Teiyr 11 - Nov - 2025 02 Min 40 Sec 15/15
  • R
    Raziel 13 - Jul - 2021 01 Min 24 Sec 14/15
  • H
    Hassan Abid 22 - Jun - 2022 01 Min 41 Sec 14/15
  • Z
    Zeshan 10 - Jul - 2021 02 Min 19 Sec 14/15
  • H
    Hinan 12 - Jul - 2021 02 Min 34 Sec 14/15
  • A
    Anees 09 - Jul - 2021 03 Min 09 Sec 14/15
  • A
    ALI AZAM 09 - Jul - 2021 01 Min 20 Sec 13/15
  • N
    Noor 10 - Jul - 2021 01 Min 27 Sec 13/15
  • K
    KHALIL UR REHAMAN 13 - Aug - 2022 01 Min 47 Sec 13/15
  • Y
    Yggygygyb 17 - Jul - 2021 01 Min 58 Sec 13/15

ICom Part II Principles of Banking (E.M) Chapter 0 Important MCQ's

Sr.# Question Answer
1 Grace days are given to debtor for the patment of:
A. Bills of exchange
B. Promissory note
C. Treasury bill
D. Cheque
2 Which is appointed by govt. to certify the negotiable instrument:
A. Private attorney
B. Public attorney
C. Notary public
D. Giazetted Officer
3 The payment of draft is made on.
A. Sight
B. Demand
C. By psot
D. Phone call
4 Drawee fo bills of exchange is a person
A. Who receives the amount of bill
B. On whom the bill is drawn
C. Who accepts the bill
D. In whose favour the bill is transferred
5 Promissory note drawn by two or more persons is called
A. Individual promissory note
B. Joint promissory note
C. Foreign promissory note
D. All of the above
6 Drawee of the bank draft is a
A. Bank which issues a draft
B. Bank on which the draft is drawn
C. Payee of draft
D. Sender of amount by draft
7 Drawee of bank draft is.
A. Creditor
B. Debtor
C. Issuing bank
D. Paying bank
8 Bank draft is an order
A. Of court
B. Conditional
C. Unconditional
D. Of government
9 Bank draft is a credit instrument.
A. Negotiable
B. Non negotiable
C. Unreadable
D. None of these
10 The draft whihc is drawn and paid intwo different countries.
A. Inland draft
B. Ordered draft
C. Foreign draft
D. Home draft

Test Questions

Share your comments & questions here

Guest
  • No comments yet. Be the first to comment!