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Dematerialisation and Depository

Kinds of Nego...

Question

Kinds of Negotiable Instruments
Normally foreign bills are drawn in sets of -.

A

Four copies

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B

Three copies

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C

Two copies

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D

Ten copies

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Solution

The correct option is B Three copies
Foreign bills are generally drawn in set of three each and each set is called vice. In order to avoid miscarriage during transit, they are drawn in different parts and each part is transmitted separately.

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