Question Text
Question 1 :
State whether the following statement is True or False.<br>Noting charges are payable to the Notary public, in case of honour of a bill.
Question 2 :
The true discount on a bill due $9$ months hence at $16$% per annum is $Rs. 189$. The amount of the bill is:
Question 3 :
The period intervening between the date on which a bill is drawn and the date on which it becomes due for payment is called
Question 4 : <p>The cancellation of the old bill maturity in return for a new bill (which includes interest) for an extended period is called<b>________________.</b></p>
Question 7 :
How many days grace period is given for payment of a bill of exchange?
Question 9 :
If the bill of exchange of two month's duration is accepted on 12th June 1995 its maturity date will be ____________.<br/>
Question 10 :
A draws a bill of exchange of $Rs. 8,000$ on B for $4$ months on $15th\ April$. What is the due date if on the due date a public holiday is suddenly declared?
Question 11 :
If the bill is drawn on 14th May and the duration of bill is 90days, the due date of bill will be ________________.<br/>
Question 12 :
If the bill is drawn on 3rd July and the duration of bill is 40days, the due date of bill will be ________________.<br/>
Question 13 :
A bill dated $1st\ January\ 2014$ is a payable $60$ days after date. The maturity date of the bill will be _________.
