MCQ
Assertion(A): Bank Draft is also called Demand draft.
Reason(R): They are repayable on demand.
  • A
    Both A and R are true and R is the correct explanation of A.
  • B
    Both A and R are true but R is not the correct explanation of A.
  • C
    A is true but R is false.
  • D
    A is false but R is true.

Answer

(a) Both A and R are true and R is the correct explanation of A.
Explanation:
Since Bank drafts are repayable on demand they are called Demand Draft.

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