Which of the following is commonly referred to as a 'Banker's Cheque'? - General Studies MCQ Indian Competitive Exams 2026 | ExamTest.live | ExamTest.live

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Which of the following is commonly referred to as a 'Banker's Cheque'?

A $Demand Draft$
B $Debit Card$
C $Pay Order$
D $Fixed Deposit$

Solution & Step-by-step Explanation

A Pay Order is a financial instrument issued by a bank instructing its specific branch to pay a certain sum to a specified person, and it is locally and commercially designated as a Banker's Cheque.

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Which of the following is commonly referred to as a 'Banker's Cheque'?

A

Demand Draft

B

Debit Card

C

Pay Order

D

Fixed Deposit

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Economics Banking Instruments Financial Terms

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