[Solved] Which of the following statement is true about Commercial Bill?

McqMate

Q.	Which of the following statement is true about Commercial Bill?
A.	It is a promissory note
B.	It is a bill of Exchange
C.	It is a trade Bill
D.	It is issued by RBI
Answer» C. It is a trade Bill

1k

0

Do you find this helpful?

1

View all MCQs in

Banking and Finance 2

Discussion

No comments yet

Related MCQs

Which of the following statement is true about Commercial Paper?
Commercial Bill is a type of_____.
Which of the following is not an asset held by Commercial Banks?
Which of the following statement is true about Certificates of Deposits?
Which is the largest commercial bank in India?
What is the minimum amount at which Commercial Paper can be issued?
Which financial institution is helping commercial banks is lending to the infrastructure sector?
How many Scheduled Commercial Banks are there in India?
Which of the following statements is true?
Which of the following statements about The Employees’ Provident Funds and (Miscellaneous Provisions) Act are true? A) The Act is not applicable to cooperative societies employing less than 50 persons working with the aid of power. B) It makes provision for pension scheme, including family pension. C) There is no wage limit to be covered under the Act. D) The Act has a provision relating to Employees’ Deposit-linked Insurance Scheme.