CBSE  /  Class 11  /  Accountancy  /  Bills of Exchange

  • 1. 
    On dishonor of a discounted bill who does the bank look for payment?

  • Drawer
  • Payee
  • Endorser
  • None

  • 2. 
    While calculating the due date of the bill, how many days are added to the period of the bill :

  • 4 days
  • 3 days
  • 5 days
  • Neither of these

  • 3. 
    Encashing the bill before the date of its maturity is called :

  • Dishonour of Bill
  • Retirement of Bill
  • Discounting of Bill
  • Endorsement of Bill

  • 4. 
    A bill of exchange renewed generally at the request of

  • Drawee
  • Bank
  • Drawer
  • None

  • 5. 
    A bill of exchange can not be

  • Endorsed
  • Accepted
  • Refused
  • Crossed
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