Multiple choice

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 a/an

  1. inland instrument

  2. foreign instrument

  3. native instrument

  4. None of these
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A Correct answer
Explanation

As defined under the Negotiable Instrument Act, 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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