A bill of exchange is an unconditional___________.
Order
Undertaking
None of these
Both of these
___________ is the holder of instruments who endorses in favor of another person.
Endorser
Endorsee
Bill of exchange payable on demand is known as
Tenure of bill
Bill after date
Bill at sight
Days of grace are not allowed in ________.
Cheque
Promissory note
Bill of exchange
Both a and b
A cheque is drawn on a _____________only.
Person
Bank
Government
When a bill discounted with bank__________ amount is received by the holder.
Same
Lesser
A__________ is payable in demand.
The extra days allowed on payment of bill is called
Grace days
Days of grace
On dishonor of a discounted bill_________ accounts is credited in the book of drawer.
Bills receivable
Drawee
When noting charges are paid finally the amount will be recovered from_________.
Drawer
Holder
