1. Bills of Exchange contains an unconditional ____________, and Promissory note contains an unconditional _________________.

2. Noting charges are ultimately borne by -

3. A Promissory note _____________ the acceptance

4. B has accepted the bill drawn on him by A. Which of the following statements is correct?

5. At the time of renewal of a bill, _____________ account is debited in the books of the drawee.

6. A bill of Rs. 5,000 is discounted with the banker for RS. 4,750. The bill is dishonored at maturity. The drawee pays 60% of his acceptance. What is the amount of bad debts?

7. Refusal by the acceptor to pay the bill on the maturity date is called -

8. Find the due date of a bill of exchange dated 9th December, 2007, payable after 45 days.

9. The party which is ordered to pay the amount is known as -

10. Three days are added for ascertaining the date of maturity. These are known as days of-

11. A bill of exchange cannot be -

12. If Rams acceptance which was endorsed by us in favor of Saleem is dishonored, then the amount will be debited in our books to -

13. A four months bill drawn on 1st January, 2008 will mature for payment on -

14. The Bills Receivable Book is a part of

15. The Rebate on a bill shows that the bill -

16. Refusal by the acceptor to make payment of the bill on the maturity date is called __________.

17. Canceling an old bill and drawing a new bill is called __________.

18. A bill accepted and given to a creditor is called ________.

19. On dishonor of a discounted bill whom does the bank look for payment

20. The act for signing by the drawer on the book of the instruments for the purpose of transfer

21. Which balance is shown by a B/R Book

22. On whom the trade bill drawn

23. The party who is entitled to receive the cash of a bill receivable is called

24. Discounting Charges =

25. 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”?