Question

An Indians bill of exchange made by Indigenous Banks

• A. Cheques
• B. Drafts
• C. Promissory Notes
• D. Hundies

Answer 1

Answer:

D. Hundies

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.