Practice Disadvantages - 5.8.2 | 5. Bills of Exchange | ICSE Class 11 Accountancy
K12 Students

Academics

AI-Powered learning for Grades 8–12, aligned with major Indian and international curricula.

Professionals

Professional Courses

Industry-relevant training in Business, Technology, and Design to help professionals and graduates upskill for real-world careers.

Games

Interactive Games

Fun, engaging games to boost memory, math fluency, typing speed, and English skills—perfect for learners of all ages.

Typing
Memory
Math
English Adventures
Knowledge

5.8.2 - Disadvantages

Enroll to start learning

You’ve not yet enrolled in this course. Please enroll for free to listen to audio lessons, classroom podcasts and take practice test.

Learning

Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What does dishonor mean in the context of a bill of exchange?

💡 Hint: Think about the obligations of the drawee.

Question 2

Easy

Name one disadvantage of using bills of exchange in international trade.

💡 Hint: Consider the different players involved.

Practice 4 more questions and get performance evaluation

Interactive Quizzes

Engage in quick quizzes to reinforce what you've learned and check your comprehension.

Question 1

What happens when a bill of exchange is dishonored?

  • The bill is automatically canceled
  • Legal action may follow
  • The drawee is praised

💡 Hint: Consider the obligations of the parties involved.

Question 2

True or False: Complexity in international trade only involves financial considerations.

  • True
  • False

💡 Hint: Think about what factors come into play.

Solve and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

A company issues a bill of exchange for $10,000 to a customer who agrees to pay in 30 days. Three weeks later, the customer informs the company they cannot pay. Discuss the steps the company might take.

💡 Hint: Consider the implications of dishonor and potential legal remedies.

Question 2

A business wants to enter international trade but is concerned about the complexities of bills of exchange. What measures can it take to ease these concerns?

💡 Hint: Think about best practices for reducing risks in unfamiliar markets.

Challenge and get performance evaluation