Practice Written Order - 5.3.1 | 5. Bills of Exchange | ICSE Class 11 Accountancy
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Practice Questions

Test your understanding with targeted questions related to the topic.

Question 1

Easy

What does a Bill of Exchange represent?

💡 Hint: Think about its purpose in transactions.

Question 2

Easy

Who is the drawer in a Bill of Exchange?

💡 Hint: Who initiates the payment directive?

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 is a Bill of Exchange?

  • A type of loan
  • A written order for payment
  • A contract for goods

💡 Hint: Think about how payments are structured in business.

Question 2

True or False: A Bill of Exchange can exist without being in writing.

  • True
  • False

💡 Hint: What makes it a legal document?

Solve 2 more questions and get performance evaluation

Challenge Problems

Push your limits with challenges.

Question 1

Create a hypothetical scenario where a Drawee dishonors a Bill of Exchange. What legal actions can the Drawer take?

💡 Hint: Consider what rights the Drawer has under the law.

Question 2

Discuss the economic implications if Bills of Exchange were not transferable. How would this affect businesses?

💡 Hint: Think about how funds flow in transactions and the role of liquidity.

Challenge and get performance evaluation