Question # 1

Inland sight bill of exchange is usually used in.

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Domestic trade

Inter port trade

Foreign trade

None of these

Drawer and drawee belongs to same country.

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Domestic bill

Foregin bill

Trade bill

Accommodation bill

Cheque is always crossed by

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Drawer

Drawee

Holder

All of the above

The person who draws the bill is called.

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Debtor

Drawee

Drawer

Acceptor

A cheque which cannot be cashed at bank's counter

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Bearer

Order

Crossed

None of the above

The person is whose favor thebill is endorsed is.

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Endorsee

Endorser

Debtor

Acceptor

Honoured cheuqe is a cheque which is

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Accepted by drawee for payment

Accepted by payee

Accepted by endorsee

All of the above

Who can endorse the cheque:

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Holder of cheque

Drawer of cheque

Both A & B

None of these

Bill of exchange doesn't involved trade dealing.

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Trade bill

Accommodation bill

Both a and b

None of these

The person in whose favour the rights of recieving the amount of cheque transferred:

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Endorser

Payee

Endorsee

All of the above

Cheque is a credit instrument which is

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Negotiable

Conditionally negotiable

Non negotiable

None of the above

Crossing of cheque is cancelled by

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Drawer

Drawee

Holder

All of the above

Bill of exchange is written order whihc is always.

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Unconditional

conditional

Compulsory

None ofthese

The type of Foreign or international trade are.

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^Import

Export

Interport

All these

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