New Enroll here to Join NaBFID Analyst Into Class on May 6

    Question

    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 _________
    A Instrument Correct Answer Incorrect Answer
    B Inland instrument Correct Answer Incorrect Answer
    C Foreign instrument Correct Answer Incorrect Answer
    D Negotiable instrument Correct Answer Incorrect Answer
    E Either a or b or c or d Correct Answer Incorrect Answer

    Solution

    Inland Instrument: Negotiable Instrument Act 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.

    Practice Next