Bills of Exchange and Promissory Notes – CA Foundation Q1. A bill of exchange is drawn by the ___.a) Creditorb) Debtorc) Bankd) BuyerAnswer: a) Creditor Q2. Promissory Note is made by the ___.a) Payeeb) Drawerc) Debtord) EndorseeAnswer: c) Debtor Q3. The person to whom the bill is payable is known as ___.a) Drawerb) Draweec) Payeed) […]
