Question

A bill of exchange for ₹40,000 was discounted with the bank for ₹39,500. The amount of discount charged is:

A ₹500
B ₹40,000
C ₹39,500
D ₹1,000
Practice Next

Hey! Ask a query

🎓
Think You're Ready for RBI Grade B?
RBI Grade B 2026 Phase 1 Memory Based Paper
  • 200 Questions with Detailed Solutions
  • Section-wise Coverage (GA, English, Quant & Reasoning)