| Which of the following statement is true about commercial bill? (1) It is a promissory note (2) It is a bill of exchange (3) It is a trade bill (4) It is issued by the Reserve Bank of India |
A) Option A & B are correct.
B) Option A & D are correct.
C) Option B & C are correct.
D) Option C & D are correct.
E) All options are correct.
Correct Answer: C
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