ananya was doing a research on banking sector for her assignment. while browsing through the website of Reserve Bank Of India, she came across a specimen of a type of Hundi which is like any other bearer instrument and is payable to the holder or bearer.
In context of the above case:
I. what is hundi?
II. identify the type of hundi being described above.
III. describe briefly any two other types of Hundi.
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Hundi is a financial instrument that developed in medieval India for use in trade and credit transactions
a specimen type of Hundi is being described above means the type of Hundi is dhani jog Hundi
there are three types of Hundi which are darshani Hundi that are payable on sight , muddati Hundi that are payed after a specified time and Shah jog Hundi which are paid only to a person who has respectable standing .
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