Question
Verbal Reasoning Question on Statements and Inferences
Given below are two statements :
Statement I: Bills of Exchange is a negotiable instrument.
Statement II: Promissory note is not a negotiable Instrument.
In the light of the above statements, choose the most appropriate answer from the options given below:
A
Both Statement I and Statement II are correct
B
Both Statement I and Statement II incorrect
C
Statement I is correct but Statement II is incorrect
D
Statement I is incorrect but Statement II is correct
Answer
Statement I is correct but Statement II is incorrect
Explanation
Solution
The correct answer is (C) : Statement I is correct but Statement II is incorrect.