MCQ Questions Class 11 Accountancy Chapter 8 Bills of Exchange with Answers

Free PDF Download of CBSE Class 11 Accountancy Chapter 8 Bills of Exchange Multiple Choice Questions with Answers.Based on Latest Exam Pattern. Students can solve MCQ NCERT Class 11 Accountancy Chapter 8 Bills of Exchange Multiple Choice Questions with Answers to know their preparation level.

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Bills of Exchange Class 11 MCQs Questions with Answers

Class 11 Accountancy Chapter 8 Bills of Exchange MCQ Questions with Answers

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1. In case of term bill extra three days are given to acceptor are called?

 
 
 
 

2. Discounting Charges =

 
 
 
 

3. The act for signing by the drawer on the book of the instruments for the purpose of transfer

 
 
 
 

4. The party who is entitled to receive the cash of a bill receivable is called

 
 
 
 

5. Noting charges are paid by the ___ but these are recordable from the ____

 
 
 
 

6. On whom the trade bill drawn

 
 
 
 

7. Bill of Exchange has parties :

 
 
 
 

8. Which balance is shown by a B/R Book

 
 
 
 

9. When a drawer discounts the bill, he gets?

 
 
 
 

10. If the due date is public holiday what will be the due date of the bill

 
 
 
 

11. On dishonor of a discounted bill whom does the bank look for payment

 
 
 
 

12. Person to whom the bill is endorsed called ____

 
 
 
 

13. A person who writes out the order to pay is called?

 
 
 
 

14. A bill of exchange is an?

 
 
 
 

15. The purpose of accommodation bill is :

 
 
 
 

16. Kamal draws a bill on Sahil for Rs.3000. Kamal endorsed it to Rohan. Rohan endorsed it to Rakesh. The payee of the bill will be

 
 
 
 

17. Which bill is not allowed 3 days of grace

 
 
 
 

18. According to Negotiable Instrument Act, 1881, which of the following refers to “an instrument in writing (not being a bank note or a currency note) containing unconditional undertaking, signed by the maker to pay on demand or at a fixed or determinable future time a certain sum of money only to or to the order of a certain person, or to the bearer of the instrument”?

 
 
 
 

19. How many parties are involved in case of discounting of bill?

 
 
 
 

20. Fee paid in cash to Notary Public is charged by

 
 
 
 

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