What Is “hundi”?

1.	What Is “hundi”?
Answer» HUNDI is KIND of “BILL of exchange”. In Hundi any seller sells his good under bill of exchange. These bill of exchange are known as “Hundi”. Then the seller sends the “Hundi” to the buyer for its acceptance. These bills of exchange are generally WRITTEN in native language of that place and governed by local USAGE and practices. Generally four types of Hundi are used. Darshani Hundi- It is similar to the demand bills. Miadi Hundi- It is similar to the usance bills. Namyog Hundis- It is similar to the order instruments. Khokha- which has been paid and cancelled. Hundi is kind of “bill of exchange”. In Hundi any seller sells his good under bill of exchange. These bill of exchange are known as “Hundi”. Then the seller sends the “Hundi” to the buyer for its acceptance. These bills of exchange are generally written in native language of that place and governed by local usage and practices. Generally four types of Hundi are used.

Answer»

HUNDI is KIND of “BILL of exchange”. In Hundi any seller sells his good under bill of exchange. These bill of exchange are known as “Hundi”. Then the seller sends the “Hundi” to the buyer for its acceptance. These bills of exchange are generally WRITTEN in native language of that place and governed by local USAGE and practices. Generally four types of Hundi are used.

Darshani Hundi- It is similar to the demand bills.
Miadi Hundi- It is similar to the usance bills.
Namyog Hundis- It is similar to the order instruments.
Khokha- which has been paid and cancelled.

Hundi is kind of “bill of exchange”. In Hundi any seller sells his good under bill of exchange. These bill of exchange are known as “Hundi”. Then the seller sends the “Hundi” to the buyer for its acceptance. These bills of exchange are generally written in native language of that place and governed by local usage and practices. Generally four types of Hundi are used.

What Is “hundi”?

Discussion

No Comment Found

Related InterviewSolutions

Reply to Comment