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What is Hundi? - Business Studies

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प्रश्न

What is Hundi?

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उत्तर

Hundi can be defined as a financial instrument or a negotiable bill of exchange, which was used for carrying out trade and credit transactions during the Medieval period in India. A Hundi is primarily an unconditional contract or order which warrantees a monetary payment which can be transferred by valid negotiation.

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अध्याय 1: Business, Trade and Commerce - Short Answer Questions [पृष्ठ २६]

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एनसीईआरटी Business Studies [English] Class 11
अध्याय 1 Business, Trade and Commerce
Short Answer Questions | Q 2 | पृष्ठ २६
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