Question

When the trade bills are accepted by commercial banks, it is known as ______.

पर्याय

• Treasury bills

• Commercial bills

• Commercial papers

Answer 1

When the trade bills are accepted by commercial banks, it is known as commercial bills.

Explanation:

When trade bills are accepted or guaranteed by commercial banks, they are called commercial bills. These are short-term negotiable instruments used to finance working capital needs in trade transactions.