History · Administration and Economy
UGC NET January 2017 History
Point out which of the following is/are not a form of Hundi. Choose your answer from the code given below.
- 1. Zabti Hundi
- 2. Darshani Hundi
- 3. Miyadi Hundi
- 4. Faslana Hundi
A1 and 2 only
B1 and 4 only ✓ Correct
C2 and 3 only
D3 and 4 only
Correct answer: (B) 1 and 4 only — The Zabti and Faslana types are not forms of Hundi, so the answer is 1 and 4 only.
Explanation
★The Zabti and Faslana types are not forms of Hundi, so the answer is 1 and 4 only.
★The Hundi was a kind of bill of exchange, like a cheque or bank draft.
★It was widely accepted in trade.
★The Darshani Hundi was payable on sight.
★The Miyadi Hundi was payable after a fixed period.
★So the Darshani and Miyadi were real forms, while the Zabti and Faslana were not.
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