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

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

3. Discounting Charges =

4. On whom the trade bill drawn

5. The purpose of accommodation bill is :

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

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

8. 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”?

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

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

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

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

13. 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

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

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

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

17. Bill of Exchange has parties :

18. A bill of exchange is an?

19. Person to whom the bill is endorsed called ____

20. Which bill is not allowed 3 days of grace