Question:
Given below are two statements :
Statement I: Commercial paper is an unsecured short term promissory note, negotiable and transferable by endorsement and delivery with a fixed maturity period.
Statement II: commercial Bills are short-term negotiable and self liquidating instrument with low risk.
In the light of the above statements, choose the most appropriate answer from the options given below:
Given below are two statements :
Statement I: Commercial paper is an unsecured short term promissory note, negotiable and transferable by endorsement and delivery with a fixed maturity period.
Statement II: commercial Bills are short-term negotiable and self liquidating instrument with low risk.
In the light of the above statements, choose the most appropriate answer from the options given below:
Statement I: Commercial paper is an unsecured short term promissory note, negotiable and transferable by endorsement and delivery with a fixed maturity period.
Statement II: commercial Bills are short-term negotiable and self liquidating instrument with low risk.
In the light of the above statements, choose the most appropriate answer from the options given below:
Updated On: Mar 15, 2024
- Both Statement I and Statement II are correct
- Both Statement I and Statement II incorrect
- Statement I is correct but Statement II is incorrect
- Statement I is incorrect but Statement II is correct
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The Correct Option is A
Solution and Explanation
The correct answer is (A) : Both Statement I and Statement II are correct.
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