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Credit Instruments
Quiz
•
Business
•
12th Grade
•
Medium
Asma Nadeem
Used 4+ times
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10 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Bank draft has __________ Parties
2
4
6
3
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Following credit Instrument is Non negotiable
Cheque
Bank Draft
Letter of Credit
Bill of Exchange
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Following credit Instrument is negotiable
Cheque
Bank Draft
Bill of Exchange
Promissory Note
All of them
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
________ instruments Never Bounce back
Cheque
Bank Draft
Bill of Exchange
Promissory Note
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Promissory note is written by ________
creditor
Debtor
Exporter
Banker
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
The bill is drawn to fulfill the temporary need for money, so there is no question of retaining this bill by the drawer until the due date.
Sight Bill
Time Bill
Trade Bill
Accommodation Bill
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Kinds of LC are
Commercial / Personal
Revocable / Irrevocable
Green / Red
Confirmed / Unconfirmed
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