NCERT Class 11 Accountancy MCQ : Bills of Exchange
Embark on a journey through the intricacies of financial instruments with our dedicated Multiple Choice Questions (MCQs) page focused on “Bills of Exchange.” Curated from the previous year papers of diverse exams, including UPSC IAS and more, this resource serves as a valuable tool for those aiming to master the complexities of financial transactions.
Immerse yourself in real exam scenarios as you tackle questions covering the key principles and applications of bills of exchange. Whether you’re preparing for UPSC IAS or exams in finance and commerce sectors, this MCQs page offers a comprehensive examination of the topic, with questions ranging in difficulty to suit different levels of expertise.
Enhance your understanding of negotiable instruments, endorsements, and the nuances of financial transactions with this expertly crafted collection. Designed for students and professionals alike, this resource provides a targeted and effective study aid for the “Bills of Exchange.”
Prepare for success by engaging with this specialized set of MCQs, refining your knowledge of financial instruments, and gaining a competitive edge in your exam preparation.
NCERT Class 11 Accountancy : Bills of Exchange MCQ – NCERT Class 11 MCQ
Question:
On dishonor of a discounted bill whom does the bank look for payment
A
B
C
D
Question:
The act for signing by the drawer on the book of the instruments for the purpose of transfer
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B
C
D
Question:
Which balance is shown by a B/R Book
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B
C
D
Question:
On whom the trade bill drawn
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B
C
D
Question:
The party who is entitled to receive the cash of a bill receivable is called
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B
C
D
Question:
Discounting Charges =
A
B
C
D
Question:
According to Negotiable Instrument Act, 1881, which of the following refers to “an instrument in writing (not being a bank note or a currency note) containing unconditional undertaking, signed by the maker to pay on demand or at a fixed or determinable future time a certain sum of money only to or to the order of a certain person, or to the bearer of the instrument”?
A
B
C
D
Question:
If the due date is public holiday what will be the due date of the bill
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B
C
D
Question:
Fee paid in cash to Notary Public is charged by
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B
C
D
Question:
Kamal draws a bill on Sahil for Rs.3000. Kamal endorsed it to Rohan. Rohan endorsed it to Rakesh. The payee of the bill will be
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B
C
D
Question:
Noting charges are paid by the ___ but these are recordable from the ____
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B
C
D
Question:
Person to whom the bill is endorsed called ____
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B
C
D
Question:
What are the parties to a bill of exchange
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B
C
D
Question:
Which bill is not allowed 3 days of grace
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B
C
D
Question:
The purpose of accommodation bill is :
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B
C
D
Question:
It is a period of time after which a bill becomes payable?
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B
C
D
Question:
If the drawer is in need of money and cannot wait till due date and receive the money form bank is called?
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B
C
D
Question:
In case if endorsement of bill the endorser debits?
A
B
C
D
Question:
Which of the following is not true?
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B
C
D
Question:
When an acceptor refuses to pay the amount of bill to the holder of bill on its maturity is called?
