Question
An idiom/phrase is given in bold. Following this
idiom/phrase are given three sentences, which use the given idiom/phrase. The idiom/phrase may or may not be used correctly in one or more sentences. Identify the sentence(s) that use(s) the idioms/phrases incorrectly either in grammar or context and mark the answer accordingly. Cut the Gordian Knot  I. The mediator helped to cut the Gordian knot by suggesting a very simple compromise. II. Instead of debating endlessly, the manager decided to cut the Gordian knot and implement the policy. III. Rahul cut the Gordian knot when he tied the shoelace perfectly at one go. Which sentence(s) use(s) the idiom incorrectly?Solution
Idiom means solving a complex problem swiftly and decisively. I and II use it correctly (complicated disputes resolved quickly). III misuses it: tying a shoelace is trivial, not a complex issue.
The person who draws a bill of exchange is called the:
A bill of exchange was accepted by the drawee and later discounted by drawer with bank. On maturity, the drawee defaulted. Who is liable?
Mr. X draws a bill on Mr. Y for ₹1,00,000 payable after 3 months. Mr. Y accepts the bill but fails to honour it on maturity. What is this act called i...
A bill of exchange drawn on 15th March for 2 months will mature on:
When a bill is dishonored, the drawer's account is debited in the books of the drawee because:
Mr. A draws a bill of exchange for ₹1,00,000 on Mr. B for 90 days. Mr. B accepts it and it is discounted by Mr. A from the bank. On maturity, Mr. B fa...
A negotiable instrument as per the Negotiable Instruments Act, 1881 includes:
The term 'Days of Grace' in relation to a bill of exchange refers to:
Accounts relating to income, revenue, gain expenses, and losses are termed as:
Noting charges are recoverable from:
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