Quiz on Bills of Exchange
#1. The person on whom a bill is drawn is called a ………………
#2. A person to whom a bills of exchange is endorsed is called …………….
#3. The person who endorses the bills of exchange is known as ………………
#4. ………………. is the person to whom the payment is to be made on maturity of bill of exchange.
#5. Before acceptance the bill is termed as ……………….
#6. The date on which a bill falls due for payment is called ……………….
#7. The due date of the bill drawn for two months on 23rd Nov 2019 will be ……………
#8. When the due date of bill falls on a public holiday, the payment must be made on the ………… day.
#9. If the due date has been declared as emergency holiday the payment must be made on ………….. day.
#10. Noting charges are borne by ……………….
#11. There are ……….. parties to a bills of exchange.
#12. When a bill is drawn for 2 months after date on 3rd Jan 2020, its due date will be ……………
#13. Notary Public is …………..
#14. When acceptor or Drawee does not pay the amount of bill to the holder on the due date it is known as …………..
#15. When the bill is dishonoured, it is to be …………..
#16. Making payment of bill well before due date of maturity is known as ………………
#17. The person who accepts the bill treats the bill as ……………
#18. A bills of exchange must be signed by the ………………
#19. ………….. extra days are allowed over and above the period of the bill.
#20. A bill drawn in one country and made payable in another country is known as ………… bill.
Results
