New Enroll in RBI Grade B New Batch - Starts on May 21

    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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