12th Class Principle of Banking Online MCQ's Test with Answers for Chapter 9 (Negotiable instruments (I))

ICOM Part 2 English Medium Principles of Banking Chapter 9 MCQ's Test

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MCQ's Test For Chapter 0 "Principles of Banking Icom Part 2 English Medium Chapter 9 Online Test"

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

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Question # 1

Cheque signed by drawer without filling is called

Question # 2

Bill of exchange doesn't involved trade dealing.

Question # 3

The acceptance of bill without some condition is called.

Question # 4

Drawer and Drawee belongs to two diffrent cities.

Question # 5

Which type of a bill can be discounted form bank.

Question # 6

A cheque which can be cashed by its holder

Question # 7

If drawing of a cheque signs o its back for transferring the rights to another person is called

Question # 8

Term "or oreder" is written in order cheque after:

Question # 9

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

Question # 10

The acceptance of bill with some conditionis called.

Question # 11

The type of Foreign or international trade are.

Question # 12

What is written on the leaf of a cheque about customer

Question # 13

Crossing of cheque is cancelled by

Question # 14

Payment of sight bill is made on.

Question # 15

The person who accept the of billof excange on behalf of drawee is called.

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ICOM Part 2 English Medium Principles of Banking Chapter 9 MCQ's Test

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

Sr.# Question Answer
1 If drawing of a cheque signs o its back for transferring the rights to another person is called
A. Material change
B. Endorsement
C. Crossing
D. Acceptance
2 The person who draws the bill is called.
A. Debtor
B. Drawee
C. Drawer
D. Acceptor
3 Endorsee of cheque is a person
A. Who receives the amount of cheque
B. In whose favour the rights of cheque are transferred
C. On whom the cheque is drawn
D. Who draws a cheque
4 Crossing which contains the name of a particular bank is called
A. Regular crossing
B. Irregular crossing
C. General crossing
D. Special crossing
5 Term dishonoring of cheque is used when
A. Bank refuses to pay
B. Bank stops the payments
C. Bank delay the payments
D. Bank gives cheque to clearing house
6 Main parties in bill of exchang are.
A. Three
B. Two
C. Four
D. Five
7 Safest cheque for making payment is:
A. Crossed cheque
B. Order cheque
C. Bearer cheque
D. All of the above
8 The type of Foreign or international trade are.
A. Import
B. Export
C. Interport
D. All these
9 Bank pays money at its counter for:
A. Bearer cheque
B. Order cheque
C. Both (A) & (B)
D. Crossed cheque
10 Who did print the cheque in specific form for the first time or firstly:
A. Imperial Bank
B. Bank of England
C. State Bank of Pakistan
D. None of the above

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