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प्रश्न
In a Commercial Bill transaction, who draws the bill and who accepts it?
विकल्प
Seller (drawer) draws it; buyer (drawee) accepts it
Commercial bank draws it; financial institution accepts it
Buyer (drawee) draws it; seller (drawer) accepts it
RBI draws it; commercial bank accepts it
MCQ
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उत्तर
The seller is the drawer and draws the Commercial Bill. The buyer is the drawee and accepts it; after acceptance, the bill becomes tradable.
shaalaa.com
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