Navigation Menu
Home Blog Latest Notices
About Us Contact Us Disclaimer Privacy Policy Admin Login
100% Free

NTS - NAT ICOM Test - Accounting - Bills of Exchange - Quiz 1

Practice 10 high yield MCQs on Accounting from Chapter Bills of Exchange for NAT ICOM Test. After submission, get instant results with correct answers and detailed explanations. This is Quiz 1 of the series.

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?



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?



← Back to Quiz Sets
Instructions: Select one answer per question. After submitting, you will see your score, correct answers, and explanations.

Medical Colleges in Pakistan

Explore medical institutions city‑wise – public & private.

Lahore Karachi Islamabad Rawalpindi Peshawar Quetta Multan Faisalabad Sialkot Gujranwala Hyderabad Abbottabad Mardan Bahawalpur Sukkur
Browse All Medical Colleges →

Explore All Quiz Categories

ECAT
GIKI
Intelligence Test
ISSB Initial Tests
Join PAF
MDCAT
NCAT
NTS
NUST NET
Advertisement - Try Now
MDCAT Past Papers Free Online Quizzes

Country Wise Scholarships

🇵🇰 Pakistan's Scholarships 🇺🇸 USA's Scholarships 🇬🇧 UK's Scholarships 🇨🇦 Canada's Scholarships 🇨🇳 China's Scholarships 🇸🇦 Saudi Arabia's Scholarships 🇦🇪 UAE's Scholarships 🇲🇾 Malaysia's Scholarships 🇪🇺 Europe's Scholarships 🇰🇷 South Korea's Scholarships

Online Free Quiz

View All Quizzes →

Follow Us

Aggregate Calculator

Calculate your MDCAT aggregate for MBBS admissions

Calculate Now →