BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the followings are defined as Negotiable Instruments by Custom (Trade Practices)?
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Banker’s Note
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Share Certificates
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Share Warrants
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All of the above
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Explanation:
Detailed explanation-1: -Section 13 of the Negotiable Instruments Act states that a negotiable instrument is a promissory note, bill of exchange or a cheque payable either to order or to bearer.
Detailed explanation-2: -According to the Negotiable Instruments Act, 1881 there are just three types of negotiable instruments i.e., promissory note, bill of exchange and cheque.
There is 1 question to complete.