Question

Match List - I with List - II:

• A. A-I, B-II, C-IV, D-III
• B. A-III, B-I, C-II, D-IV
• C. A-I, B-III, C-II, D-IV
• D. A-I, B-III, C-IV, D-II

Hint:

Logic Tip: Every cheque is a bill of exchange, but every bill of exchange is not a cheque.

Answer 1

The Correct Option is A

Step 1:
An ambiguous instrument may be treated either as a promissory note or a bill of exchange. Thus: \[ A \rightarrow I \]

Step 2:
An inchoate instrument is an incomplete instrument signed by the maker. Thus: \[ B \rightarrow II \]

Step 3:

• Cheque $\rightarrow$ Bill of exchange drawn on banker payable on demand
• Bank Draft $\rightarrow$ Banker’s order to another branch/bank Thus: \[ C \rightarrow III \] \[ D \rightarrow IV \]

Step 4:
Final matching is: \[ A-I,\; B-II,\; C-III,\; D-IV \] Hence, the correct answer is: \[ \boxed{\text{(1) A-I, B-II, C-III, D-IV}} \]