Q.The market for buying and selling of Commercial Bills of Exchange is known as a ______.

The market for buying and selling commercial bills of exchange is the Commercial Bill Market, so the correct answer is option (a).

Explanation:

• A commercial bill (bill of exchange) is a short-term, self-liquidating instrument drawn by a seller on a buyer for goods sold on credit. The Commercial Bill Market is the part of the money market where such bills are bought, sold and discounted to provide short-term finance.
• (b) Commercial Paper Market deals in commercial paper — unsecured promissory notes issued by large, creditworthy companies — not in bills of exchange. …