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NTS NAT ICOM Practice Accounting Bills of Exchange MCQs Test 1
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NTS NAT ICOM Practice Accounting Bills of Exchange MCQs Test 1

Practice NTS NAT ICOM 2026 Practice Test Accounting MCQs from Bills of Exchange. Get instant results with Explanation.
Practice Quiz 1 for "Bills of Exchange" (Accounting). Total 10 MCQs available, split into 1 quizzes. Start with the fundamentals and build a strong base. Mastering these concepts is essential for securing a high percentile in NTS NAT ICOM.
General10 MCQs
1. What is a bill of exchange?
2. What are the parties in a bill of exchange?
3. What is the drawee signing the bill called?
4. What is the transfer of a bill by signing on the back called?
5. What is selling a bill to a bank before maturity called?
General10 MCQs
6. What occurs when the drawee fails to pay on the due date?
7. What involves cancelling the old bill and issuing a new one?
8. What is a written promise to pay a specified amount?
9. How is the due date of a bill calculated?
10. What happens when a bill is paid before maturity?

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NTS NAT ICOM Practice Test

Conducting Body: National Testing Service (NTS)
Frequency: Monthly | Time: 90 Minutes
Negative Marking: No

⚡ Test Pattern (Total: 90 MCQs):

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