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

    Question

    Which of the following is included in the definition of

    a "bond"?
    A An instrument obliging payment of money if a specified act is performed Correct Answer Incorrect Answer
    B An instrument attested by a witness, not payable to order or bearer Correct Answer Incorrect Answer
    C An instrument obliging delivery of agricultural produce, attested by a witness Correct Answer Incorrect Answer
    D All of the above Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Section 2 Definitions: (5) “Bond”. — “bond” includes— (a) any instrument whereby a person obliges himself to pay money to another, on condition that the obligation shall be void if a specified act is performed, or is not performed, as the case may be; (b) any instrument attested by a witness and not payable to order or bearer, whereby a person obliges himself to pay money to another; and (c) any instrument so attested, whereby a person obliges himself to deliver grain or other agricultural produce to another:

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