New SIDBI Grade A New Batch Starts on Nov 18

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    Question

    Ramesh draws a bill on Suresh. Ramesh endorsed the bill to Mukesh. The payee of the bill will be:

     

    A Ramesh Correct Answer Incorrect Answer
    B Suresh Correct Answer Incorrect Answer
    C Mukesh Correct Answer Incorrect Answer
    D None of them. Correct Answer Incorrect Answer

    Solution

    A payee is the party in an exchange who receives payment. In this case Mukesh is the person who will finally receive the payment for this Bill of exchange.

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