Bill of Exchange Class 11 MCQ is one of the best strategies to prepare for the CBSE Class 11 Board exam. If you want to complete a grasp concept or work on one’s score, there is no method except constant practice. Students can improve their speed and accuracy by doing more MCQs on Bill of Exchange Class 11, which will help them all through their board tests.
Bill of Exchange Class 11 MCQ Questions with Answer
Class 11 Accountancy MCQ with answers are given here to Chapter 8 Bill of Exchange. These MCQs are based on the latest CBSE board syllabus and relate to the latest Class 11 Accountancy syllabus. By Solving these Class 11 MCQs, you will be able to analyze all of the concepts quickly in the chapter and get ready for the Class 11 Annual exam.
Learn Class 11 Bill of Exchange MCQs with answers pdf free download according to the latest CBSE and NCERT syllabus. Students should prepare for the examination by solving CBSE Class 11 Accountancy Bill of Exchange MCQ with answers given below
Question 1. A bill of exchange is order to Make payment by
a. Conditional
b. Unconditional
c. A & B both
d. None of the Above
Answer
B
Question 2. Ram failed to pay his acceptance of Rs.20000 (noting charges rs.200) and requited for new bill with interest @6% for 3 months. New bill drew for
a. Rs.20000
b. Rs.20200
c. Rs.20500
d. None of the Above
Answer
D
Question 3. Bill draw on 23rd Oct.2018 for three months due date is
a. 23rd Jan.2019
b. 24th Jan.2019
c. 25th jan.2019
d. 26th jan.2019
Answer
C
Question 4. A bill draw on 27th Dec.2015 for two months due date is
a. 27th Feb. 2016
b. 1st Mar. 2016
c. 2nd Mar. 2016
d. None of above
Answer
A
Question 5. In which Act a bill of exchange is defined as an “Negotiable Instrument”
a. Negotiable Instrument Act 1881
b. Negotiable Instrument Act 1932
c. Negotiable Instrument Act 1956
d. Negotiable Instrument Act 1856
Answer
A
Question 6. Noting charges are paid by
a. Drawee
b. Drawer
c. Holder of bill
d. Notary Public
Answer
C
Question 7. A Bill of exchange is generally drawn by
a. Seller
b. Buyer
c. Customer
d. None of the Above
Answer
A
Question 8. If Drawee paid the bill before maturity is known
a. Renewal of a bill
b. Dishonour of a bill
c. Retirement of a bill
d. Endorsement of a bill
Answer
C
Question 9. Noting charges are borne by
a. Drawee
b. Drawer
c. Holder of bill
d. Notary Public
Answer
A
Question 10. Liability for a discounted bill is a
a. Contingent liability
b. Current liability
c. Non-current Liability
d. None of the Above
Answer
A
Whoever needs to take the CBSE Class 11 Board Exam should look at this MCQ. To the Students who will show up in CBSE Class 11 Accountancy Board Exams, It is suggested to practice more and more questions. Aside from the sample paper you more likely had solved. These Bill of Exchange Class 11 MCQ are ready by the subject specialists themselves.
Question 11. A bill of exchange must be accepted by
a. Drawer
b. Drawee
c. Payee
d. Holder of bill
Answer
B
Question 12. Who is Payee of the bill on Due date of bill
a. Drawee
b. Drawer
c. Holder of bill
d. Notary Public
Answer
C
Question 13. Days of grace will be added to ascertain the due date of term bill
a. One day
b. Two days
c. Three days
d. None of the above
Answer
C
Question 14. The Bills Receivable book is part of
a. Journal
b. Ledger
c. Trial balance
d. Balance sheet
Answer
A
Question 15. If due date of bill falls on a holiday then the maturity date is on
a. Next day of the Maturity date
b. A day before the Maturity date
c. On maturity date
d. After three days
Answer
A
Question 16. A bill payable on demand is called
a. Time Bill
b. Sight Bill
c. Endorsement of bill
d. Retiring of the bill
Answer
B
Question 17. Bill at sight has a grace period of
a. One day
b. Two days
c. Three days
d. None of the above
Answer
D
Question 18. Noting charges are incurred
a. On Renewal of a bill
b. On Dishonour of a bill
c. On Retirement of a bill
d. On Endorsement of a bill
Answer
B
Question 19. When rebate on a Bill allowed
a. On Renewal of a bill
b. On Dishonour of a bill
c. On Retirement of a bill
d. On Endorsement of a bill
Answer
C
You can easily get good marks If you study with the help of Class 11 Bill of Exchange MCQ. We trust that information provided is useful for you. NCERT Bill of Exchange Class 11 MCQ PDF Free Download would without a doubt create positive results.
We hope the information shared above in regards to MCQ on Bill of Exchange Class 11 with Answers has been helpful to you. if you have any questions regarding CBSE Class 11 Accountancy Solutions MCQs Pdf, write a comment below and we will get back to you as soon as possible.
Frequently Asked Question (FAQs)
How many MCQ questions are there in Class 11 chapter 8 Accountancy?
In Class 11 Chapter 8 Accountancy, we have provided 19 Important MCQ Questions, But in the future, we will add more MCQs so that you can get good marks in the Class 11 exam.
Can we score good marks in Class 11 Accountancy with the help of Bill of Exchange MCQ Questions?
Yes, MCQ Question is one of the best strategies to make your preparation better for the CBSE Board Exam. It also helps to know the student’s basic understanding of each chapter. So, You can score good marks in the Class 11 Accountancy exam.
