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Bill of Exchang...

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  • Question 1
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    A draw a bill of exchange on BB for Rs.3,000Rs. 3,000 for 44 months. He got it discounted with a Bank at 1212% p.a. The discount charged by the bank will be _________.

  • Question 2
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    Bill drawn and accepted for genuine trade transaction is called _________.

  • Question 3
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    U/s 1212 of the negotiable instruments act, all the instruments which are not inland instruments are_______.

  • Question 4
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    X a resident of Japan draw a bill of exchange of Rs.5000Rs. 5000 upon Y payable in Mumbai. This is a ___________.

  • Question 5
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    Mr. X accepted a bill of exchange of Rs.1500Rs. 1500 drawn by Y and payable in 33 months. He got it discounted from bank at 22% discount. The discounting charges amounted to __________.

  • Question 6
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    When a bill endorsed is dishonoured, ________ a/c is credited by the drawee.

  • Question 7
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    Mr. X accepted a bill of exchange of Rs.1500Rs. 1500 drawn by Y and payable in 33 months. He got it discounted from bank at 22% discount. On the due date X failed to pay the bill as he was adjudged insolvent. A final dividend of 0.250.25 in a rupee was received from his estate. Find the amount recovered from the estate of X.

  • Question 8
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    Documents of title
    Which of these is an odd one so for document of title is concerned.

  • Question 9
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    Retirement of bill means __________.

  • Question 10
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    X draws a bill of exchange of Rs.5,000Rs. 5,000 on B for 44 months on 15th February15th\ February. The due date of the bill is ________.

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