The amount of bill must be_________.
Certain
Uncertain
None of these
Both of these
Person in whose favor the bill is drawn is known as
Drawer
Drawee
Payee
The extra days allowed on payment of bill is called
Grace days
Days of grace
Both a and b
Evidence of dishonor of a bill is got through___________.
Discounting
Noting
Retiring
Dishonoring
When the acceptor facts to pay the amount of the bill on the due date the bill is said to be dishonored by _________.
Non acceptance
Non payment
All of these
The act of putting the signature on the draft received from the drawer is called
Acceptance
Draft
Bill
When a bill discounted with bank__________ amount is received by the holder.
Same
Lesser
A cheque is drawn on a _____________only.
Person
Bank
Government
Promissory note is written by the
Creditor
Debtor
A person who drawn the bill of exchange is known as
