Which of the following is not true about a Demand Draft?1). It is a negotiable instrument.2). It is a banker's cheque.3). It may be dishonoured for lack of funds.4). It is issued by a bank.

Which of the following is not true about a Demand Draft?1). It is a ne

1.	Which of the following is not true about a Demand Draft?1). It is a negotiable instrument.2). It is a banker's cheque.3). It may be dishonoured for lack of funds.4). It is issued by a bank.
Answer» It is a banker's cheque. : - is CORRECT hence OPTION 3