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Question-1
Days of grace are not allowed in ____________
(A)
Cheque
(B)
Promissory note
(C)
Bill of exchange
(D)
Both a and b
Question-2
Pick up the odd one and state the reason
(A)
Cheque
(B)
Promissory note
(C)
Hundi
(D)
Bill of exchange
Question-3
Bill of exchange is a ______________instrument
(A)
Negotiable
(B)
Transferable
(C)
Legal
(D)
None of these
Question-4
A bill of exchange is drawn by____________
(A)
Debtor
(B)
Creditor
(C)
Owner
(D)
None of these
Question-5
The _______________ of the maker is primary and absolute
(A)
Liability
(B)
Interest
(C)
Both of these
(D)
None of these
Question-6
Bill drawn for three months on November 28, 2000 is payable on __________2001
(A)
March 1
(B)
March 2
(C)
March 3
(D)
March 4
Question-7
Noting and protesting on dishonor is compulsory for a__________
(A)
Time bill
(B)
Demand bill
(C)
Accommodation bill
(D)
Foreign bill
Question-8
Which of the following is not a negotiable instrument
(A)
Bill of exchange
(B)
Promissory note
(C)
Share warrant
(D)
Postal order
Question-9
When a bill discounted with bank__________ amount is received by the holder
(A)
Same
(B)
Lesser
(C)
None of these
(D)
Both of these
Question-10
The person whose name the instrument has been endorsed is called __________
(A)
Endorser
(B)
Endorsee
(C)
None of these
(D)
Both of these
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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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