Question

Which among the following is very similar to Hundi?
[A] Promissory Note
[B] Demand Draft
[C] Bill of Exchange
[D] Cheque

Answer 1

$\color{blue}\huge\mathsf{Answer:-}$

[C] Bill of Exchange.

Answer 2

Question:-

Which among the following is very similar to Hundi?

[A] Promissory Note

[B] Demand Draft

[C] Bill of Exchange

[D] Cheque

AnsWeR:-

[C] $\sf\implies\fbox{Bill\:of\:Exchange}$

Given:-

A bill of exchange is a written order used primarily in international trade that binds one party to pay a fixed sum of money to another party on demand or at a predetermined date.

Bill of exchange, also called draft or draught, short-term negotiable financial instrument consisting of an order in writing addressed by one person (the seller of goods) to another (the buyer) requiring the latter to pay on demand (a sight draft) or at a fixed or determinable future time (a time draft) a certain sum.