**Study**

For Complete study, first click the following links and Read the Chapter, with Complete text of theories, Examples, in Text, Audio & Video Tutorials.

**Click here for Study Materials**

After study, click the following link and go through all the Model MCQ with answers and explanation.

**Click here for Model MCQ with Answer and Explanation**

**MCQ Answer submission**

After study, write the MCQ Answers in one line, with Question Number and correct option in the following Format (shown as example), for the entire set of 9 MCQs. First write the Question Number, then the correct option of that Question, write a comma, then the next question and correct option, as shown below.

1b,2c,3d,…….9c

**Bills Discounting MCQ Test**

**1.**** A bill of Rs. 105400 due in 6 months is discounted at 9% per annum. The Banker’s Discount is:**

**a) 4500**

**b) 4743**

**c) 4850**

**d) 4900**

**2. The true discount on a bill of Rs. 2700 is Rs. 200. Banker’s discount is**

- Rs. 210
- Rs. 212
- Rs. 216
- Rs. 218

**3. A Bill is due 8 months. The Banker’s Discount is 140 and True Discount is 130. The Bill Amount is**

- 1820
- 1920
- 1930
- 1940

**4. A Bill is due 8 months. The Banker’s Discount is 140 and True Discount is 130. The Interest Rate is :**

- 11
- 11.5
- 12
- 12.25

**5. The Present Value of a Bill is Rs. 1800, If the True Discount Rs. 180. Then banker’s gain is:**

a) 17, b)18, c) 19, d)20.

**6. The present value of a certain is Rs. 900 and the True Discount is Rs. 45. Banker’s discount is :**

- Rs. 44.25
- Rs. 45.25
- Rs. 46.25
- Rs. 47.25

**7. A Bill is discounted at 20% per annum and the fund reinvested. What should be the minimum Interest rate of Investment so there is no gain no loss.**

- 25%
- 22%
- 18%
- 30%

**8. The banker’s discount on Rs. 1500 at 15% per annum is the same as the true discount on Rs. 1550 for the same time and the same rate. The Bill Due period is :**

- 2/9
- 2/7
- 3/8
- 1/3

**9. The Present Value of a bill is Rs. 450. If the true discount is Rs. 15, what is the banker’s discount?**

- Rs. 12.5
- Rs. 13.5
- Rs. 14.5
- Rs. 15.5

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