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Question-1
Promissory note does not require any ___________
(A)
Noting
(B)
Protesting
(C)
Acceptance
(D)
Both a and b
Question-2
Noting and protesting on dishonor is compulsory for a__________
(A)
Time bill
(B)
Demand bill
(C)
Accommodation bill
(D)
Foreign bill
Question-3
Bill of exchange payable on demand is known as ___________
(A)
Tenure of bill
(B)
Bill after date
(C)
Bill at sight
(D)
None of these
Question-4
If the due date of the bill falls on a public holiday, it should be presented on the just----------- day
(A)
Succeeding day
(B)
Previous
(C)
Same
(D)
Any other
Question-5
A formal certificate of dishonor issued by the notary public
(A)
Protest
(B)
Allonge
(C)
Hundi
(D)
Noting
Question-6
A bill of exchange is drawn by____________
(A)
Debtor
(B)
Creditor
(C)
Owner
(D)
None of these
Question-7
The period on which the amount of the bill become due is called__________ of bill
(A)
Tenure
(B)
Days of grace
(C)
Date
(D)
None of these
Question-8
When noting charges are paid finally the amount will be recovered from_________
(A)
Drawer
(B)
Drawee
(C)
Holder
(D)
None of these
Question-9
There are _____________ parties in a promissory note
(A)
Two
(B)
Three
(C)
Four
(D)
One
Question-10
Pick up the odd one and state the reason
(A)
Cheque
(B)
Promissory note
(C)
Hundi
(D)
Bill of exchange
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Plus 1 Commerce
ICSE/ISC
Practice in Related Chapters
Introduction Of Accounting
Concepts, Standards And Basis
Classification Of Accounts Under Double Entry System And Accounting Equation
Ledger
Trial Balance
Final Accounts Or (Financial Statements)
Journal
Sub-Division Of Journal : Cash Book
Sub-Division Of Journal : Specified purpose Subsidiary
Bank Reconciliation Statement
Rectification Of Errors
Capital And Revenue Expenditure/Income
Depreciation Accounting
Provisions And Reserves
Single Entry System : Accounts From Incomplete Records
Accounts of Non Trading Organization
Bills of Exchange
Introduction To The Use Of Computers In Accounting
Accounting concepts,standards and basis
Introduction to Accounting
Depreciation, Provision and Reserves
Trial Balance and Rectification of Errors
Depreciation, Provision and Reserves
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