Question

Rahul sold goods worth ₹50,000 to Avika and drew a

bill of exchange upon her for the same amount payable after three months. In place of Avika, the bill is accepted by Kavya. Rahul gives away this bill to his creditor Anshul. Which option correctly describes each one's role in this whole transaction?

A Rahul: Drawer; Avika: Acceptor; Anshul: Payee; Kavya: Drawee

B Rahul: Payee; Avika: Drawee; Anshul: Drawer; Kavya: Acceptor

C Rahul: Drawee; Avika: Drawer; Anshul: Payee; Kavya: Acceptor

D Rahul: Drawer; Avika: Drawee; Anshul: Payee; Kavya: Acceptor

Practice Next

More Welfare Economics Questions

Directions : In each of the following questions a sentence is given with one blank. You have to fill the blank with one of the words given as options...
A picture is worth thousand ________.
Although chocolate cake is Martha’s favourite dessert, she has chosen to ________ it while on her diet.
Choose the correct option to fill blank 2.
Directions (104-105): Choose the word/group of words which is most similar in meaning to the word/group of words printed in bold as used in the passage...
India’s past ________ in making certain foreign policy choices is rapidly giving way to greater readiness to _________ the need for a radical shif...
The court ________ cognisance of the criminal's words.
Select the appropriate idiom to fill in the blank:'

When faced with a difficult decision, she often tends to _______ and avoid choosing a sid...
Despite the efforts to make the designs more unique, the new products are still considered ___________ (distinct) from the old ones.
Eighty of the eighty-two committee members ______________ to meet the out-of-towners.

Question

Rahul sold goods worth ₹50,000 to Avika and drew a

Solution

Download the app