Multiple choice general knowledge

Hundies are normally __________?

  1. Cheque

  2. Bills of Exchanges

  3. Bills of Purchase

  4. Bills of Lading
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Hundies are traditional financial instruments used in India and other countries, particularly in trade and commerce. They are a type of 'Bill of Exchange' - a written order used primarily in international trade that binds one party to pay a fixed amount of money to another party on demand or at a predetermined date. Cheques (A) are different instruments, while Bills of Purchase (C) and Bills of Lading (D) serve different purposes.

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