FPSC PPSC KKPSC BPSC SPSC Lecturer Commerce Test No. 27

Online Free Taleem is free online MCQ’s test related to Lecturer Commerce. All the individuals who are going to appear in PPSC, FPSC, KKPSC, SPSC, BPSC, AJ&KPSC, NTS, Lecturer Commerce written test can attempt these tests in order to prepare for it in best possible way. Our tests of Lecturer of Commerce include all the important questions and Past Paper of  Lecturer Commerce, that have extremely high amount of chances for been included in the actual exam which make our test undoubtedly the best source of preparation.


There will be 25 multiple choice question in the test.
Answer of the questions will change randomly each time you start this test.
Practice this test at least 5 times if you want to secure High Marks.
At the End of the Test you can see your Test score and Rating.
If you found any incorrect answer in Quiz. Simply click on the quiz title and comment below on that MCQ. So that I can update the incorrect answer on time.

Please Click Below START  Button to Take this Commerce Test Online.

Test Instructions:-
Test NameLecturer Commerce
SubjectCommerce Test 27
Test TypeMCQs
Total Questions25
Total Time20 Minutes
Total Marks100

You have 20 minutes to pass to the quiz.

Lecturer Commerce Online Test No. 27

1 / 25

In case of retiring a bill, rebate is treated as expense for the:

2 / 25

In case of dishonour, the notary public will charge a small fee from the holder, is known as:

3 / 25

All cash receipts and cash payments are recorded in:

4 / 25

A promissory note should be:

5 / 25

Promissory note is a written promise between:

6 / 25

In case of discounting of bill with the bank, the acceptor will passed:

7 / 25

The due date of a bill of exchange, when the amount of the bill is payable by the drawee, is called the:

8 / 25

A promissory note contains:

9 / 25

When a party becomes insolvent, the bill accepted by him is treated as:

10 / 25

All the transactions, related to credit sales recorded in:

11 / 25

A promissory note is written by:

12 / 25

When a bill is dishonored, the holder of the bill, goes to, an official called:

13 / 25

In case of bill of exchange, every bill has to be accepted by the:

14 / 25

Interest on renewal of bill is a expense to the:

15 / 25

When an endorsed bill is dishonored endorsee's or creditor's account is in the books of the:

16 / 25

 In case of bill of exchange for obtaining the debt, legal action can be restored by:

17 / 25

The drawer always debits acceptor's account for noting charges paid on:

18 / 25

Interest on renewal of a bill is a revenue to the:

19 / 25

When bills are drawn in one country and accepted and payable in another country are called:

20 / 25

When bills are drawn in a country upon persons living in the same country or made payable in the same country are known as:

21 / 25

The book is used to record all credit purchases is called:

22 / 25

The rebate, in case of retiring of a bill is revenue for the:

23 / 25

A liability that will only arise if  a  certain event occurs, is called:

24 / 25

When a bill is renewed, interest account is credited in the books of the:

25 / 25

Accommodation bills are drawn and accepted for:

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