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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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