Holding till Maturity

Q.

Drawer and Payee can be the same person in case of a bill of exchange. Is the statement true?

1. True

2. False

3. Not sure

4. None of the above

Q.

What Is the Person Who Draws a Bill of Exchange Known as?

1. Drawer

2. Payee

3. Drawee

4. None of the above

Q.

If the due date is a public holiday, what will be the due date of the bill :

1. Following Day

2. Preceding Day

3. The same day only

4. One month later

Q.

What Is the Difference Between Bill of Exchange and Letter of Credit?

Q.

What Is a Clean Bill of Exchange?

Q.

Which types of bills of exchange are not provided days of grace?

Q.

Under which circumstance drawer and payee will be the same person :

1. None of the above

2. When drawer held the bill till maturity

3. When drawer discounted the bill with banker

4. When drawer endorse the bill to the third party

Q.

Is a letter of credit a bill of exchange?

Q.

State the three parties involved in a bill of exchange.

Q.

Give the performa of a Bill of Exchange.

Q.

Due date of a bill of exchange drawn on 30th January, 2011 for one month will be :

1. 1st March

2. 29th Feb

3. 2nd March

4. 3rd March

Q.

On 13.07.2018, X drew a bill on Y for Rs 25000 for 30 days. The due date of the bill will be?

1. 13th August 2018

2. 14th August 2018

3. 15th August 2018

4. 16th August 2018

Q.

When are grace period not allowed in case of bills of exchange?

Q.

On 15.8.05 X draws a bill on Y for 3 months for Rs.20, 000. 18th Nov was a sudden holiday, due date of the bill will be :

1. 20th Nov

2. 17th Nov

3. 18th Nov

4. 19th Nov

Q. On 13.07.2019, X drew a bill on Y for Rs.1, 00, 000 for 30 days. In this case, the due date of the date of the bill will be .

1. 13.08.2019
2. 14.08.2019
3. 15.08.2019
4. 16.08.2019

Q.

On 16th June, 2016, A draws a bill on B for Rs. 50, 000 for 30 days and 19th July is a public holidays. What will be maturity date of the bill ?

Q. On 01.01.2019, Z draws a bill on A for Rs.50, 000 for 3 months. In this case, the maturity date of the bill shall be .

1. 01.04.2019
2. 03.04.2019
3. 04.04.2019
4. 04.05.2019

Q.

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

1. 4

2. 3

3. 5

4. None of the above

Q.

Drawer and payee are same in which of the following situation

1. Holding till maturity

2. Bill Discounting

3. Bill Endorsement

4. None of these

Q.

Kevin spends $\$11.25$ on lunch every week during the school year.

If there are $35.5$ weeks during the school year, how much does Kevin spend the entire school year? remember to round to the nearest penny.

Q.

If the bill is paid on the date of maturity it is termed as ?

1. Discounting of bill

2. Dishonoring the bill

3. Honoring of a bill

4. Renewal of the bill

Q.

Who issues the days of grace in bill of exchange?

Q.

On 01.01.2018, X draws a bill on Y for Rs 20, 000 for 3 months, maturity date of the bill shall be:

1. 01.04.2018

2. 04.04.2018

3. 04.05.2018

4. 03.04.2018

Q.

Which are the 2 types of bills of exchange?

Q. On 30th November, your school is going to hold its annual sports day. You want Mr. Dhanraj Pillai, a noted hockey player to give away the prizes to the budding sportspersons of the school. Write a formal invitation in about 50 words requesting him to grace the occasion. You are Karuna/Karan. Sports Secretary, Sunrise Global School, Agra.

Q. Non payment in accordance with the apparent tenor of bill.

1. Honour
2. Dishonour
3. Discounting
4. Retirement

Q. The acceptor is allowed ___________ grace days to meet the bill in time.

1. two
2. three
3. one
4. four