Question # 1

Bill of exchange doesn't involved trade dealing.

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Trade bill

Accommodation bill

Both a and b

None of these

Collateral parties in bill of exchange are.

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Acceptor

Endorser

Endorsee

All these

Which type of a bill can be discounted form bank.

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Sight bill

Time bill

Dishonored bill

Unaccepted bill

Endorsment of a cheque is always:

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Written

Oral

Written and registered

All of the above

The person who will receive the amount of bill of exchange is.

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Debtor

Payee

Drawee

Acceptor

When cheque is cashed then its main foil is given to:

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Bank

Customer

Government

None of these

Inland sight bill of exchange is usually used in.

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Domestic trade

Inter port trade

Foreign trade

None of these

Grace days are given to debtors for payment.

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3 days

4 days

5 days

6 days

The acceptance of bill with some conditionis called.

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Dishonor acceptance

Documentary acceptance

Qualified acceptance

General acceptance

The person is whose favor thebill is endorsed is.

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Endorsee

Endorser

Debtor

Acceptor

Three grace days are given to debtors for payment.

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Bill of exchange

Promissory note

Bank draft

All of these

Drawer and Drawee belongs to two diffrent cities.

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Inland bill

Short bill

Long bill

Foreign bill

What is written on the leaf of a cheque about customer

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Name

Address

Telephone number

Account number

Bank or incomplete bill is called.

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Foreign bill

Local bill

Short bill

Dishonored bill

Bill of exchange is written order whihc is always.

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Unconditional

conditional

Compulsory

None ofthese

The types of local or home trade are.

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Regail trade

Wholescale trade

Interport

Both a and b

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