Time Left:
600
sec
1. Bill of Exchange has parties : A. 6 B. 2 C. 3 D. 4
A. A
B. B
C. C
D. D
2. The party which is ordered to pay the amount of bill of exchange is called : A. Drawee B. Payee C. Drawer D. None of these
A. A
B. B
C. C
D. D
3. The party which is entitled to receive the payment of bill of exchange is known as : A. DrawerB. PayeeC. DraweeD. None of these
A. A
B. B
C. C
D. D
4. Due date of a bill of exchange drawn on 30th January, 2011 for one month will be : A. 5 Mar.B. 3 Mar.C. 29 Feb.D. 4 Mar.
A. A
B. B
C. C
D. D
5. The promissory note should be signed by A. PayeeB. DraweeC. DrawerD. Promiser
A. A
B. B
C. C
D. D
6. On dishonor of a discounted bill whom does the bank look for payment A. DrawerB. PayeeC. EndorserD. none
A. A
B. B
C. C
D. D
7. While calculating the due date of the bill, how many days are added to the period of the bill : A. 4 daysB. 3 daysC. 5 daysD. Neither of these
A. A
B. B
C. C
D. D
8. Encashing the bill before the date of its maturity is called : A. Dishonour of BillB. Retirement of BillC. Discounting of BillD. Endorsement of Bill
A. A
B. B
C. C
D. D
9. A bill of exchange renewed generally at the request of A. DraweeB. BankC. DrawerD. None
A. A
B. B
C. C
D. D
10. A bill of exchange can not be A. EndorsedB. AcceptedC. RefusedD. Crossed
A. A
B. B
C. C
D. D
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