CBSE Class 11 Accountancy Bills of Exchange Quiz 4

1. On dishonor of a discounted bill who does the bank look for payment?

A Drawer B Payee C Endorser D None

2. While calculating the due date of the bill, how many days are added to the period of the bill :

A 4 days B 3 days C 5 days D Neither of these

3. Encashing the bill before the date of its maturity is called :

A Dishonour of Bill B Retirement of Bill C Discounting of Bill D Endorsement of Bill

4. A bill of exchange renewed generally at the request of

A Drawee B Bank C Drawer D None

5. A bill of exchange can not be

A Endorsed B Accepted C Refused D Crossed