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      Question

      Which of the following is not a negotiable instrument

      as per NI Act 1881?
      A Cheque Correct Answer Incorrect Answer
      B Pronote Correct Answer Incorrect Answer
      C Hundis Correct Answer Incorrect Answer
      D Bill of Exchange Correct Answer Incorrect Answer
      E None of the above Correct Answer Incorrect Answer

      Solution

      Explanation : Pronote means promissory note. According to NI Act- promissory note, cheque, bill of exchange are negotiable instruments.

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