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Management Sciences 5307 MCQs [All-Courses]

Management Sciences focuses on the planning, organizing, leading, and controlling of resources to achieve organizational goals.This subject is highly important for competitive exams, academic study, and professional careers in the business and public sectors.

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

Review Detailed Answer

Correct Answer: There are not sufficient funds in your account

A cash deposit made by business appears on the bank statement as _______ balance?

A Debit

B Credit

C Expenses

D Liability

Review Detailed Answer

Correct Answer: Credit

Accommodation bills are generally for?

A Genuine trade reasons

B For mutual financial accommodation

C To help augment money supply

D All the three

Review Detailed Answer

Correct Answer: For mutual financial accommodation

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

Review Detailed Answer

Correct Answer: 4-4-2013

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

Review Detailed Answer

Correct Answer: Acceptance

A foreign bill of exchange is generally drawn up in___________?

A Triplicate

B Duplicate

C Single

D Quadruplicate

Review Detailed Answer

Correct Answer: Triplicate

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

Review Detailed Answer

Correct Answer: Amount to be paid in foreign currency

Negotiable Instrument Act was enacted in_________?

A 1981

B 1881

C 1871

D 2001

Review Detailed Answer

Correct Answer: 1881

How many parties are generally found in a Bill of Exchange?

A 4

B 2

C 3

D 5

Review Detailed Answer

Correct Answer: 3

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

Review Detailed Answer

Correct Answer: It is payable to the bearer

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Management Sciences 5307 MCQs [All-Courses]

All Topics 5307

All Topics 5307

A check returned by bank marked “NSF” means that:

A cash deposit made by business appears on the bank statement as _______ balance?

Accommodation bills are generally for?

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_________?

Which of these are not required in a promissory note?

A foreign bill of exchange is generally drawn up in___________?

Which of these is not an essential feature of a bill of exchange?

Negotiable Instrument Act was enacted in_________?

How many parties are generally found in a Bill of Exchange?

Which of the following is not a feature of a promissory note?