Payment in accordance with the apparent tenor of bill is called as _______.

Payment of bill

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Encashment of bill

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Honour of bill

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Dishonour of bill

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Solution

The correct option is B Honour of bill
Bill is Exchange is a negotiable instrument,
thus when a negotiable instrument is paid within its terms/tenor/on the due date it is said to be Honoured.

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Similar questions

Bharat Bill Payment System (BPPS), at anytime anywhere bill payment system. Which of the following is/are correct?

1. The system will offer online, as well as on ground bill payment services to customers.

2. The services will include only the payment of utility bills such as electricity, gas and water.

3. Bharat Bill Payment System is intended for the implementation of a unified bill payment system across the country.

Which of the statements given above is/are correct?

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