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प्रश्न
A bank draft is always dishonoured if there are insufficient funds in the drawer’s account at the time of encashment.
पर्याय
True
False
MCQ
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उत्तर
False
Explanation:
A bank draft is an unconditional order issued by a bank as the drawer, essentially a pre-funded financial instrument that guarantees payment. Unlike a personal cheque, the draft cannot be dishonoured owing to inadequate funds because the purchasing customer pays the whole amount in advance.
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