Negotiable Instruments
Cheque is a written order drawn on
Bank
Endorsee
Customer
All the above
Bank
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Who is called a drawee of chequeA. Bank
B. Payee
C. Customer
D. Endorsee
Drawee of the bank draft is a
A. Bank on which the draft is drawn
B. Payee of draft
C. Sender of amount by draft
D. Bank which issues a draft
The person in whose favour the rights of receiving the amount of cheque transferred
A. Endorsee
B. Endorser
C. All of the above
D. Payee
Cheque signed by drawer without filling is called
A. Traverlle’s cheque
B. Bank
C. Plain
D. Open
If drawer of cheque is a payee himself then what word is written after the word pay
A. Bearer
B. Self
C. None of the above
D. Order
Crossing of cheque is cancelled by
A. Holder
B. Drawer
C. All of the above
D. Drawee
The bills of exchange which is paid after the expiry of fixed period of time called
A. Sight bill
B. All of the above
C. Accommodation bill
D. Time bill
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