App Logo

No.1 PSC Learning App

1M+ Downloads
An Indians bill of exchange made by Indigenous Banks

ACheques

BDrafts

CPromissory Notes

DHundies

Answer:

D. Hundies

Read Explanation:

HUNDIES:

  • A Hundies is an Indians' bill of exchange made by Indigenous Banks.

  • It is drawn in Indian language in accordance with native customs.

  • There are Several varieties of hundis such as shaw Jog, Hundi, Nam, Jog Hundi etc.


Related Questions:

A bill of exchange is an acknowledgement of
A commercial paper requires a minimum investment of --- and in its multiples, thereafter.
----- certifies that the holder is entitled to be the owner of the goods imported and warehoused in the docks or wharf.
An instrument issued by the warehouse keeper, to the importers who deposits goods with them, is called
Certificate of Deposits was introduced in India as per directions of