A. Payable to anyone
B. payable to person holding it
C. payable through account only
D. payable after specific period
Related Mcqs:
- Bank issued a document that authorizes the bearer to receive money from one of its foreign branches or from another bank abroad. What such document is called ?
A. letter of Credit
B. Letter of expression
C. Demand draft
D. Letter of intent - Government borrows in the form of promissory note to repay the bearer after some fixed days from the date of issue. How is called such borrowing ?
A. Bond
B. Treasury bill
C. Term bound
D. Securities - There is method by which one currency is bought, sold or valued in terms of other currencies, gold or accounting units such as the Special Drawing Right of IMF. What is it called ?
A. Currency exchange
B. Currency value
C. Currency value
D. Exchange rate - What is sales tax_____________?
A. Levied on the retail price of merchandise and collected by retailer
B. Tax deducted at source
C. Tax on local produce
D. Tax on gross sale - What is called degree of buyer’s responsiveness to price changes ?
A. Production & Supply
B. Demand push Supply
C. Demand & Supply
D. Demand pull supply - What is measured by Gross domestic product (GDP)?
A. Value of all economic activity within nation’s border
B. Economic output of a country
C. Economic activity of federal government
D. None of these - What is Remittance_______________?
A. Sending of money to someone at distance
B. The sum of money sent
C. Both of them
D. None of them - GNP includes ?
A. A loan from a bank
B. A loan from one’s parents
C. Gifts and donations
D. A broker’s commission - What is called an arrangement of workers machines, and equipment in which the product being assembled passes consecutively from operation to operation or the process in which finished products are turned out in a mechanically efficient, though impersonal, manner ?
A. Assembly line
B. Production line
C. Both of them
D. None of them - Mention the penalty by which a person loses title of his property, that is a result of some illegal act ?
A. Confiscation
B. Bankruptcy
C. Forfeiture
D. Debenture
