While calculating due date, date of acceptance and three days of grace are considered. Maturity date is the date on which the Tenor or period of the bill expires. In the above case, THE MATURITY DATE OF THE BILL COMES AS 2ND OF MARCH.
The Tenor of the bill is mentioned, which itself signifies that it is a bill after sight. The due date of the bill come by adding the three days of grace to the maturity date. The due date is calculated by taking into consideration the date of acceptance and three days grace. SO CORRECT ANSWER IS OPTION C