Bills of Exchange Class 11 MCQ | Accountancy Quiz for Class 11 and Other Competitive Exams

Bills of Exchange Class 11 MCQ: Check the below NCERT MCQ Questions for Accountancy Bills of Exchange Class 11 MCQ with Answers Pdf free download. Bills of Exchange Class 11 MCQ  Questions for Accountancy with Answers were prepared based on the latest exam pattern. We have provided Bills of Exchange Class 11 Questions with Answers to help students understand the concept very well.

Bills of Exchange Class 11 MCQ

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1. A bill of exchange can not be ______.
(a) Endorsed
(b) Accepted
(c) Refused
(d) Crossed

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2. 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

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3. On dishonour of a discounted bill, who does the bank look for payment?
(a) Drawer
(b) Payee
(c) Endorser
(d) None

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4. Due date of a bill of exchange drawn on 30th January 2011 for one month will be ______.
(a) 5th March 2011
(b) 3rd March 2011
(c) 29th February 2011
(d) 4th March 2011

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5. The party which is ordered to pay the amount of bill of exchange is called ______.
(a) Drawee
(b) Payee
(c) Drawer
(d) None of the above

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By Team Learning Mantras