Bills of Exchange Test 11

Result

Bills of Exchange Test 11

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Weekly Quiz Competition

Question 1
1 / -0

Which of these are not required in a promissary note

A
Writing

B
Unconditional

C
Specific sum

D
Acceptance
Question 2
1 / -0

Promise which forms the consideration or part of the consideration for each other are called

A
Reciprocal promise

B
Executed promise

C
Executory promise

D
No promise at all
Question 3
1 / -0

Nothing means

A
Getting the fact of bill being dishonoured from the Notary Public

B
Getting the fact of bill begin dishonoured from District Magistrate

C
getting the fact of bill begin dishonoured from the Oath Commissioner

D
Getting the fact of bill being dishonoured from the Gazetted Officer
Question 4
1 / -0

X sent some goods to Y to be sold on consignment basis. 1/10 of the goods valued at Rs. 25,000 were lost in transit. Find the value of goods sent on consignment basis........

A
Rs. 250,000

B
Rs. 25000

C
Rs. 2500

D
None
Question 5
1 / -0

Which of these is not an essential condition for a holder of a bill of exchange to become a holder in due course?

A
If he has taken the bill without notice of defect in the title of the bill

B
If he has taken the bill before the maturity date

C
If he has taken for valuable consideration

D
None
Question 6
1 / -0

Gopal draw a bill of exchange of Rs 20,000 on Hari for 3 month. He got it discounted from the bank at a discount of 12% p.a Discounting charges on discounting of bill will be

A
Rs.2400

B
Rs.600

C
Rs.1200

D
Rs.300
Question 7
1 / -0

Closing stock lying unsold with the consignee is valued at........

A
Cost price

B
Market price

C
Realizable price

D
Least of cost or not realisable value
Question 8
1 / -0

Which of these is not an essential requirement of a valid promissory note?

A
Acceptance

B
Unconditional

C
Maker and payee

D
Specific sum
Question 9
1 / -0

At the time of payment of a bill, the acceptor debits __________.

A
Bill receivables A/c

B
Bills payable A/c

C
Discount A/c

D
One of these
Question 10
1 / -0

On receipt of goods sent on consignment basis, the consignee..........

A
Debit consignment A/c

B
Debit consignment stock A/c

C
Stock A/c

D
None of these

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Question Analysis

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Re-Attempt Weekly Quiz Competition

Bills of Exchange Test 11

Result

Bills of Exchange Test 11

Score

-

Rank

-

SHARING IS CARING

Question 1

Writing

Unconditional

Specific sum

Acceptance

Question 2

Reciprocal promise

Executed promise

Executory promise

No promise at all

Question 3

Getting the fact of bill being dishonoured from the Notary Public

Getting the fact of bill begin dishonoured from District Magistrate

getting the fact of bill begin dishonoured from the Oath Commissioner

Getting the fact of bill being dishonoured from the Gazetted Officer

Question 4

Rs. 250,000

Rs. 25000

Rs. 2500

None

Question 5

If he has taken the bill without notice of defect in the title of the bill

If he has taken the bill before the maturity date

If he has taken for valuable consideration

None

Question 6

Rs.2400

Rs.600

Rs.1200

Rs.300

Question 7

Cost price

Market price

Realizable price

Least of cost or not realisable value

Question 8

Acceptance

Unconditional

Maker and payee

Specific sum

Question 9

Bill receivables A/c

Bills payable A/c

Discount A/c

One of these

Question 10

Debit consignment A/c

Debit consignment stock A/c

Stock A/c

None of these

User

Question Analysis

My Perfomance

Score

-

Rank

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