Multiple choice

A cheque is a

  1. promissory note

  2. bill of exchange

  3. hundi

  4. None of these
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

A ‘cheque’ is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand, and it includes the electronic image of a truncated cheque and a cheque in electronic form.

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