Question

As per the Negotiable Instruments Act inland instrument means___________

A Promissory note, bill of exchange or cheque not drawn or made in India Correct Answer Incorrect Answer
B Promissory note, bill of exchange or cheque maybe drawn or made in India Correct Answer Incorrect Answer
C A cheque made payable in, or drawn upon any person resident, in India Correct Answer Incorrect Answer
D Promissory note, bill of exchange or cheque made payable in, or drawn upon any person resident, in India Correct Answer Incorrect Answer

Solution

Section 11. Inland instrument—A promissory note, bill of exchange or cheque drawn or made in India, and made payable in, or drawn upon any person resident, in India shall be deemed to be an inland instrument.

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