McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Master of Business Administration (MBA) .
Chapters
| 51. |
Who draws a bill of exchange? |
| A. | Creditor |
| B. | Debtor |
| C. | Holder |
| D. | None of the above |
| Answer» C. Holder | |
| 52. |
What is the person known as who draws a bill of exchange |
| A. | Drawer |
| B. | Payee |
| C. | Drawee |
| D. | None of the above |
| Answer» A. Drawer | |
| 53. |
What are the three additional days known as that a drawer gives to the drawee for payment |
| A. | Conditional days |
| B. | Additional days |
| C. | Days of grace |
| D. | Days of rebate |
| Answer» C. Days of grace | |
| 54. |
When the drawee signs the bill, it is considered as |
| A. | Accepted |
| B. | Retired |
| C. | Renewed |
| D. | Endorsed |
| Answer» A. Accepted | |
| 55. |
What kind of acceptance is known as when the bill is accepted without any condition? |
| A. | Qualified acceptance |
| B. | Conditional acceptance |
| C. | Blank acceptance |
| D. | General acceptance |
| Answer» D. General acceptance | |
| 56. |
When the bill is noted from the notary public, it is known as? |
| A. | Noting |
| B. | Discounting |
| C. | Accepting |
| D. | None of the above |
| Answer» A. Noting | |
| 57. |
What is retiring a bill under rebate means? |
| A. | Making a payment of the bill before the due date |
| B. | Dishonoring of a bill |
| C. | Making a payment of the bill after the due date |
| D. | All of the above |
| Answer» A. Making a payment of the bill before the due date | |
| 58. |
The most widely used monetary policy tool among these is. |
| A. | Open market operations |
| B. | Issuing of notes |
| C. | Close market operations |
| D. | Discount rate |
| Answer» A. Open market operations | |
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