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Question

The normal maturity period of Usance hundi is _________.

A
30 days
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B
60 days
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C
90 days
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D
120 days
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E
Any of the above
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Solution

The correct option is E Any of the above
The maturity of usance (also called muddati) hundi varies between 30 days to 120 days, the latter being more common.
Hence, option (E) is the correct answer.

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