T4Tutorials .PK

Chapter 11 CHEQUE MCQs

1. . A cheque has parties:

(A) 4


(B) 3


(C) 6


(D) 5




2. . It should not be on cheque:

(A) Cutting


(B) Amount


(C) Signature


(D) Name




3. . The person who receives the amount of cheque is called

(A) Drawer


(B) Payee


(C) Drawee


(D) All




4. . Maximum amount of cheque

(A) 1000


(B) 10,000


(C) 3,00,000


(D) None




5. . Cheque is a document

(A) Conditional


(B) Unconditional


(C) a & b


(D) None




6. . A cheque is considered safer for payment:

(A) Bearer


(B) Open


(C) Order


(D) Cross




7. . Cheque can be cashed before ------months

(A) 4


(B) 6


(C) 1


(D) 7




8. . Cheque is issued by

(A) Owner


(B) Employee


(C) Payee


(D) Drawer




9. . Cheque can be deposit into bank

(A) Banking Time


(B) After Prayer


(C) Before Time


(D) All




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