Chhattisgarh Pre 2016 Re

Under section 11 of the Negotiable Instruments Act, a promissory note, bill of exchange or cheque drawn or made in India, and made payable in, or drawn upon any person resident in India is

Verified Answer
A. Inland instrument
B. Foreign instrument
C. Negotiable instrument
D. Indorsement

Explanation:

Section 11 of the Negotiable Instruments Act, 1881 defines an 'Inland instrument' as a promissory note, bill of exchange or cheque drawn or made in India, and made payable in, or drawn upon any person resident in India.