Question

hundi is drawn to cover the risk involved in the process of transit of goods._
regards​

Answer 1

Answer:

According to an age-old tradition of business transactions in India, Hundi is a negotiable instrument which is available in various vernacular languages in the country. This word has come out from the Sanskrit word ‘hundi’ which means ‘to collect’. They are somehow related to the bills of exchange. But from the shape and content, they look like promissory notes.