Which of the following statements correctly differentiate a Cheque from a Demand Draft?

  1. The drawer of a cheque is an individual account holder, while the drawer of a demand draft is normally a scheduled bank.

  2. Payment of a cheque is certain, whereas payment of a demand draft has no certainty.

  3. A cheque can be stopped by issuing an order, but no one can stop a demand draft.

1
Only 1 and 2
2
Only 1 and 3
3
Only 2 and 3
4
All 1, 2, and 3
5
None of the above

Sponsored

hivanix.in

Visit

This quiz is brought to you by hivanix.in

🌐 Web App Development

Quick Navigation