Self Studies

Bills of Exchan...

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  • Question 1
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    Noting is necessary in case of __________ of bill.

  • Question 2
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    If Mr. Z draws the bill of exchange for Rs $$75,000$$ on Mr. N. This transaction will be recorded by Mr.Z in ________and by Mr. N in ________.

  • Question 3
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    ______ is a person to whom the amount on a bill is payable.

  • Question 4
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    The following steps are normally taken in an import trade:
    1. Indent and letter of credit 
    2. Ship's report
    3. Delivery and customs formalities
    4. Exchange and bills of exchange 
    Correct sequence of these steps is

  • Question 5
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    On $$18.2.2019$$ A draws a bill on $$B$$ for $$Rs. 1,25,000$$. $$B$$ accepted the bill on $$21.2.2019$$. The bill is drawn for $$30$$ days after sight. The maturity date of the bill will be : ________.

  • Question 6
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    Which of the given below sentence is proper as to considered to be written in negotiable instruments _____________________.

  • Question 7
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    Mr.Ajay draws a bill on Mr.Vijay on 1st August, 2018 for Rs. 50,000 for 3 months payable after sight. The bill was accepted on 8th August, 2018. 11th November was a sudden Holiday. Calculate due date in the above case?

  • Question 8
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    A Promissory Note or Bill of Exchange can be made payable ___________.

  • Question 9
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    What is a bill of exchange?

  • Question 10
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    On 1st January, 2018 Mr.Ram draws a bill on Mr.Ravan for Rs. 20,000 for 3 months payable after date. Calculate due date in this case.

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