The type of bit that you should use with a corded drill will depend on the type of screws or bolts you are working with.
Generally, it is best to use a combination of Hex, Torx, and Phillips drill bits. These will give you the most versatility and will allow you to work with the widest range of screws and bolts.
It is also important to ensure that the bit is the correct size for the screw or bolt you are using.