Question

Answer question no.1​

Answer 1

Answer:

Hundi is a type of specimen which is like any other bearer instrument and is payable to the holder or bearer.

I hope it is helpful.........

Answer 2

Answer:

Hundi or Hundee (Hindi: हुँडी, Urdu: ہنڈی) is a financial instrument that developed in Medieval India for use in trade and credit transaction.

Type of hundi are .

Darshani Hundi: This is a hundi payable on sight. It must be presented for payment within a reasonable time after its receipt by the holder. Thus, it is similar to a demand bill.

Muddati Hundi: A muddati or miadi hundi is payable after a specified period of time. This is similar to a time bill.