Question
Match List - I with List - II.List - I List - II A. Ambiguous instrument I. An incomplete or blank negotiable instrument properly stamped and signed. B. Inchoate instrument II. A bill of exchange drawn on a specified banker, payable on demand C. Cheque III. An instrument, which is in such form that it may either be treated as bill of exchange or promissory note. D. Bank draft IV. It is an order issued by one bank to another or on its own branch instructing to pay a sum of money to a specified person or his order.
Choose the correct answer from the options given below :
This question was previously asked in
CUET PG 2026 Agri-Business Management Question Paper (25-Mar-2026) (Shift 2)
The correct answer is
A-III, B-I, C-II, D-IV
Matching Negotiable Instruments
This question requires matching terms related to negotiable instruments with their correct definitions. Let's analyze each term:
- A. Ambiguous instrument: This refers to an instrument that can be interpreted as either a bill of exchange or a promissory note. This matches definition III.
- B. Inchoate instrument: This is an incomplete instrument, often signed and stamped, which is intended to be completed later. This matches definition I.
- C. Cheque: A cheque is specifically defined as a bill of exchange drawn on a banker and payable on demand. This matches definition II.
- D. Bank draft: This is a payment instrument issued by a bank, ordering another bank or its branch to pay a specified sum. This matches definition IV.
Correct Matching
Based on the analysis, the correct matches are:
- A - III
- B - I
- C - II
- D - IV
This corresponds to option 2.
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