Negotiable Instruments

Negotiable Instruments
If drawer of a cheque signs on its back for transferring the rights to another person is called
Crossing
Material change
Endorsement
Acceptance
Author: rikazzz Comment
Negotiable Instruments
A person who writes the bill is called
Payee
Drawee
Drawer
Acceptor
Author: rikazzz Comment
Negotiable Instruments
Promissory note drawn by two or more persons is called
Joint promissory note
All of the above
Foreign promissory note
Individual promissory note
Author: rikazzz Comment
Negotiable Instruments
Who did print the cheque in special form for the first time or firstly
State bank of Pakistan
Bank of England
None of the above
Imperial bank
Author: rikazzz Comment
Negotiable Instruments
In case of non-negotiable instruments,the rights can
Be transferred
All of the above
Not be transferred
Be conditionally transferred
Author: rikazzz Comment
Negotiable Instruments
Honoured cheque is a cheque which is
All of the above
Accepted by drawee for payment
Accepted by payee
Accepted by endorsee
Author: rikazzz Comment
Negotiable Instruments
Cheque is a credit instrument which is
None of the above
Conditionally negotiable
Negotiable
Non negotiable
Author: rikazzz Comment
Negotiable Instruments
On every cheque bank gets
Duty
Tax
Profit
Commission
Author: rikazzz Comment
Negotiable Instruments
Amount of crossed cheque is received
From bank’s counter
None of the above
From bank’s manager
By issuing new cheque
Author: rikazzz Comment
Negotiable Instruments
What is written on the leaf of a cheque about customer
Telephone number
Account number
Name
Address
Author: rikazzz Comment

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