Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Banking and Financial Awareness Financial Markets
Consider the following statements with respect to the Commercial Bills:
1. A commercial bill is a bill of exchange used to finance the working capital requirements of business firms.
2. It is a long-term, negotiable, self-liquidating instrument
3. When a trade bill is accepted by a commercial bank it is known as a commercial bill.
Which of the statements given above are correct?
1
1 and 2 only
2
2 and 3 only
3
1 and 3 only
4
1, 2 and 3