Bills of Exchange Quizz

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MCQ’s For All Chapters – Accounts Class 11th

1.
Bill of Exchange has parties :

6

2

3

4

Question 1 of 10

2.
The party which is ordered to pay the amount of bill of exchange is called :

Drawee

Payee

Drawer

None of these

Question 2 of 10

3.
The party which is entitled to receive the payment of bill of exchange is known as :

A. Drawer
B. Payee
C. Drawee
D. None of these

Question 3 of 10

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.

Question 4 of 10

5.
The promissory note should be signed by

A. Payee
B. Drawee
C. Drawer
D. Promiser

Question 5 of 10

6.
On dishonor of a discounted bill whom does the bank look for payment

A. Drawer
B. Payee
C. Endorser
D. none

Question 6 of 10

7.
While calculating the due date of the bill, how many days are added to the period of the bill :

A. 4 days
B. 3 days
C. 5 days
D. Neither of these

Question 7 of 10

8.
Encashing the bill before the date of its maturity is called :

A. Dishonour of Bill
B. Retirement of Bill
C. Discounting of Bill
D. Endorsement of Bill

Question 8 of 10

9.
A bill of exchange renewed generally at the request of

A. Drawee
B. Bank
C. Drawer
D. None

Question 9 of 10

10.
A bill of exchange can not be

A. Endorsed
B. Accepted
C. Refused
D. Crossed

Question 10 of 10

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