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. The purpose of accommodation bill is :

 
 
 
 

2. Which bill is not allowed 3 days of grace

 
 
 
 

3. Discounting Charges =

 
 
 
 

4. Person to whom the bill is endorsed called ____

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

11. 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

 
 
 
 

12. On whom the trade bill drawn

 
 
 
 

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

 
 
 
 

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

 
 
 
 

15. A bill of exchange is an?

 
 
 
 

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

 
 
 
 

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

 
 
 
 

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

 
 
 
 

20. Bill of Exchange has parties :

 
 
 
 

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