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CHAPTER 5

Authored by arwa (BG)

Special Education

University

Used 11+ times

CHAPTER 5
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10 questions

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1.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Which of the following is TRUE regarding the features of Bills of exchange?

The bill must be signed by the drawee only.

The order should have any condition

No need Fixed date for the amount to be paid

The bill of exchange amount should be definite

2.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Inland bills is the bill that can be paid outside country.

TRUE

FALSE

3.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

Cheque must have the condition written up.

TRUE

FALSE

4.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

How long the cheque is valid after it issue ?

3 months

6 months

9 months

12 months

5.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A remittance refers to money that is sent or transferred to another party.

TRUE

FALSE

6.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

All Banker's Cheques are pre-printed with the crossing " NEGOTIABLE".

TRUE

FALSE

7.

MULTIPLE CHOICE QUESTION

2 mins • 1 pt

A demand draft is a negotiable instrument to transfer funds from one bank to another.

TRUE

FALSE

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