1. A bill of exchange is an?

Correct! Wrong!

2. A person who writes out the order to pay is called?

Correct! Wrong!

3. When a drawer discounts the bill, he gets?

Correct! Wrong!

4. In case of term bill extra three days are given to acceptor are called?

Correct! Wrong!

5. How many parties are involved in case of discounting of bill?

Correct! Wrong!

6. It is a period of time after which a bill becomes payable?

Correct! Wrong!

7. If the drawer is in need of money and cannot wait till due date and receive the money form bank is called?

Correct! Wrong!

8. In case if endorsement of bill the endorser debits?

Correct! Wrong!

9. Which of the following is not true?

Correct! Wrong!

10. When an acceptor refuses to pay the amount of bill to the holder of bill on its maturity is called?

Correct! Wrong!