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Banking Term: Negotiable Instrument

Jan 2, 2015 10:53 IST

    Negotiable Instrument are those documents of title or evidence of indebtedness, which are transferable in trading as a substitute for money.

    1. Promissory Notes/Bills of Exchange and Cheques are defined as ……………………..

    a) Trust receipts

    b) Judicial documents

    c) Negotiable instruments

    d) Documents of title to goods

    e) None of these

    Ans. c

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