21. A bearer cheque can be:
a) Deposited in a bank account
b) Cashed at the bank counter
c) Transferred to another person
d) Used for online payments
22. What does a blank endorsement on a cheque indicate?
a) The cheque can only be deposited
b) The cheque can only be cashed at the bank counter
c) The cheque can only be transferred to a specific person
d) The cheque can be transferred to anyone without restrictions
23. Which of the following is not a type of bill of exchange?
a) Inland bill
b) Foreign bill
c) Clean bill
d) Trade bill
24. A promissory note must have:
a) Two parties involved
b) Three parties involved
c) Not more than four parties involved
d) Any number of parties involved
25. The drawee of a bill of exchange is the:
a) Person who receives the payment
b) Bank where the bill is presented
c) Person who issues the bill
d) Person in whose favor the bill is drawn
