हिंदी

TRUE OR FALSE A bank draft is a type of cheque drawn by a bank either on its own branch or on another bank in favour of a third party. - Commerce

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प्रश्न

TRUE OR FALSE

A bank draft is a type of cheque drawn by a bank either on its own branch or on another bank in favour of a third party.

सत्य या असत्य
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उत्तर

This statement is true.

Explanation:

A bank draft is a type of cheque that is drawn by a bank on its own branch or another branch in favour of a third party. It is a prepaid instrument issued by the bank on behalf of a customer, ensuring guaranteed payment to the payee.

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अध्याय 4: Banking - Latest Trends - QUESTIONS [पृष्ठ ११४]

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सी. बी. गुप्ता Commerce Volume 2 [English] Class 12 ISC
अध्याय 4 Banking - Latest Trends
QUESTIONS | Q 39. | पृष्ठ ११४
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