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    Question

    ____________ can defined as if a person gives

    instruction to his bank to pay a set amount at regular intervals to another (payee) account. 
    A Overdraft Correct Answer Incorrect Answer
    B Standing order Correct Answer Incorrect Answer
    C Cheque Correct Answer Incorrect Answer
    D Demand Draft Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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