[{"id":3829,"question":"The Legal tenor of a bill is","choices":[{"text":"Sixty Days","value":"A"},{"text":"One Month","value":"B"},{"text":"Eighty Days","value":"C"},{"text":"Ninety Days","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":3828,"question":"When a Bill is dishonoured, the holder of the bill goes to an official called","choices":[{"text":"Inspector","value":"A"},{"text":"Notary Public","value":"B"},{"text":"Drawer","value":"C"},{"text":"Manager","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3827,"question":"When an acceptor refuses to pay the amount of bill to the holder on its maturity date it is called","choices":[{"text":"Honoured Bill","value":"A"},{"text":"Retired Bill","value":"B"},{"text":"Dishonoured Bill","value":"C"},{"text":"Endorsed Bill","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":3826,"question":"When a bill is transferred by the drawer to his creditor, for settlement of his debts, it is called","choices":[{"text":"Retirement of Bill","value":"A"},{"text":"Endorsement of a Bill","value":"B"},{"text":"Discounting of a Bill","value":"C"},{"text":"Settlement of a Bill","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3825,"question":"The act of withdrawing a bill of exchange from circulation when it had been paid before the due date","choices":[{"text":"Renewal of a Bill","value":"A"},{"text":"Discounting of a Bill","value":"B"},{"text":"Endorsement of a Bill","value":"C"},{"text":"Retiring of a Bill","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":3824,"question":"When a drawee honours his acceptance, he will credit","choices":[{"text":"Capital Account","value":"A"},{"text":"Drawer Account","value":"B"},{"text":"Bill Payable Account","value":"C"},{"text":"Cash Account","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":3823,"question":"The person to whom bill is transferred will become","choices":[{"text":"Endorser","value":"A"},{"text":"Creditor","value":"B"},{"text":"Debtor","value":"C"},{"text":"Endorsee","value":"D"},{"value":"E"}],"correctAnswer":4},{"id":3822,"question":"A bill from the point of view of a debtor is called","choices":[{"text":"Bill Acceptable","value":"A"},{"text":"Bill Receivable","value":"B"},{"text":"Bill Payable","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":3},{"id":3820,"question":"A bill of exchange is a / an","choices":[{"text":"Promise","value":"A"},{"text":"Unconditional Order","value":"B"},{"text":"Request","value":"C"},{"text":"Conditional Order","value":"D"},{"value":"E"}],"correctAnswer":2},{"id":3819,"question":"How many parties are involved in case of Discounting of a bill ?","choices":[{"text":"Two","value":"A"},{"text":"Three","value":"B"},{"text":"Four","value":"C"},{"text":"None of these","value":"D"},{"value":"E"}],"correctAnswer":1}]