A check returned by bank marked “NSF” means that:
A. bank can’t verify your identity
B. there are not sufficient funds in your account
C. check has been forged
D. check can’t be cashed being illegal
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A cash deposit made by business appears on the bank statement as _______ balance?
A. debit
B. credit
C. expenses
D. liability
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Accommodation bills are generally for?
A. Genuine trade reasons
B. For mutual financial accommodation
C. To help augment money supply
D. All the three
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X draws a Bill of Exchange on Y for 10,000 on 1-1-2013 for 3 months. The due date of the bill will be_________?
A. 4-4-2013
B. 3-4-2013
C. 1-4-2013
D. 31-3-2013
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Which of these are not required in a promissory note?
A. Acceptance
B. Unconditional promise to pay
C. Properly stamped
D. Payment to be made legal currency
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A foreign bill of exchange is generally drawn up in___________?
A. Triplicate
B. Duplicate
C. Single
D. Quadruplicate
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Which of these is not an essential feature of a bill of exchange?
A. Unconditional
B. Certainty of amount
C. In writing
D. Amount to be paid in foreign currency
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Negotiable Instrument Act was enacted in_________?
A. 1981
B. 1881
C. 1871
D. 2001
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How many parties are generally found in a Bill of Exchange?
A. 4
B. 2
C. 3
D. 5
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Which of the following is not a feature of a promissory note?
A. It must be in writing
B. It contains an unconditional promise to pay
C. It is payable to the bearer
D. It must be signed by the maker
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Word of the Day
02 Sep
Plummet
fall or drop straight down at high speed.
پنسال، شاقول، تیزی سے نیچے کی طرف آنا

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