Start learning →

Promise to pay, or order to pay?

Exercise and reference answers

Left
Promise
Items
  1. Item
    Promissory note
    Answer
    Promise
  2. Item
    Maker undertakes
    Answer
    Promise
  3. Item
    Two parties
    Answer
    Promise
  4. Item
    Bill of exchange
    Answer
    Order
  5. Item
    Cheque
    Answer
    Order
  6. Item
    Drawee pays
    Answer
    Order
Right
Order
Instructions
Swipe left for Promise, right for Order.

Explanation

_Source: The Negotiable Instruments Act, 1881 (India Code)_
Continue learning with Quill →

Browse more IBPS Clerk questions and exercises →