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Which among the following is not correct about Demand Draft?a)It is a negotiable instrument issued by the bankb)It guarantees a certain amount of payment mentioning the name of the payeec)It can be transferred to another person in any situationd)The drafts are payable on demande)The bank issues the draft to a client (drawer) directing another bank or own branch to pay the specific amount to the payeeCorrect answer is option 'C'. Can you explain this answer? for Banking Exams 2024 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Which among the following is not correct about Demand Draft?a)It is a negotiable instrument issued by the bankb)It guarantees a certain amount of payment mentioning the name of the payeec)It can be transferred to another person in any situationd)The drafts are payable on demande)The bank issues the draft to a client (drawer) directing another bank or own branch to pay the specific amount to the payeeCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which among the following is not correct about Demand Draft?a)It is a negotiable instrument issued by the bankb)It guarantees a certain amount of payment mentioning the name of the payeec)It can be transferred to another person in any situationd)The drafts are payable on demande)The bank issues the draft to a client (drawer) directing another bank or own branch to pay the specific amount to the payeeCorrect answer is option 'C'. Can you explain this answer?.

Solutions for Which among the following is not correct about Demand Draft?a)It is a negotiable instrument issued by the bankb)It guarantees a certain amount of payment mentioning the name of the payeec)It can be transferred to another person in any situationd)The drafts are payable on demande)The bank issues the draft to a client (drawer) directing another bank or own branch to pay the specific amount to the payeeCorrect answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for Banking Exams. Download more important topics, notes, lectures and mock test series for Banking Exams Exam by signing up for free.

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