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  9. Q240

RBI Grade B Officer (General / DEPR / DSIM) 2023 · Question 240 of 260

Ramesh lent Rupees 25000 to Suresh for 3 months. After three months Ramesh had to pay rupees 25000 to Rajesh so he underwrote an instrument obliging Suresh to pay rupees 25000 directly to Rajesh and thus absolving himself from the liability. What kind of negotiable instrument will they use? (1 Mark)

Negotiable instruments

  1. AA. Line of Credit
  2. BB. Promissory Note
  3. CC. Bill of ExchangeCorrect
  4. DD. Bill of Landing
  5. EE. Commercial Paper

Answer: C. C. Bill of Exchange

Official answer key verified. Detailed explanation coming soon.

Source: RBI Grade B 2023 – Phase 2 recollected questions with answer key (EduTap compilation) · memory-based

← Q239View full paper (260 questions)Q241 →

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