Question

What is an "acceptor for honour" in the context of a bill of exchange?

A A person who accepts a bill of exchange without protest for non-acceptance
B A person who accepts a bill of exchange for the purpose of guaranteeing the drawer's liability
C A person who accepts a bill of exchange after it has been noted or protested for non-acceptance or for better security
D A person who accepts a bill of exchange to settle any outstanding debts
E A person who refuses to accept a bill of exchange for the drawer's honour
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)