MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Business Studies

Commercial Bills and Commercial Paper

Write True or...

Question

Write True or False

The inland bill which is drawn in and payable in the same country.

Open in App

Solution

True

Explanation: An inland bill is a bill that is drawn and made payable in the same country. On the other hand, a bill that is drawn in one country and made payable in another is known as foreign bill.

Suggest Corrections

thumbs-up

0

Similar questions

Q. State whether the following statement is True or False.
The inland bill which is drawn and payable in the same country.

Q. Give word / term or phrase for each of the following statement.

The bill which is drawn in one country and payable in other country.

Q. The bill which is drawn in one country and payable in other county.

Q. Classification of Negotiable Instruments
A promissory note, bill of exchange or cheque drawn or made in India, and made payable, or drawn upon any person, ______ shall be deemed to be an inland instrument.

Q. Classification of Negotiable Instruments
A promissory note, bill of exchange or cheque drawn or made in ______ and made payable, or drawn upon any person, resident in India shall be deemed to be an inland instrument.

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Commercial Bills and Commercial Paper

BUSINESS STUDIES

Watch in App

explore_more_icon

Explore more

Commercial Bills and Commercial Paper

Standard XII Business Studies

Join BYJU'S Learning Program

CrossIcon