What were the different types of Hundi in use by traders in ancient ti...
What were the different types of Hundi i | Class 11 Business Studies Chapter Business, Trade and Commerce, Business, Trade and Commerce NCERT Solutions
Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter Business, Trade and Commerce. This page offers a step-by-step solution to the specific question from Exercise 1, Question 4: .
With detailed answers and explanations for each chapter, students can strengthen their understanding and prepare confidently for exams. Ideal for CBSE and other board students, this resource will simplify your study experience.
Question 4:
What were the different types of Hundi in use by traders in ancient times?
Answer:
Different types of Hundi use by traders in ancient times are:
Dhani-jog Darshani: Payable to any person- no liability over who received payment.
Sah-jog Darshani: Payable to a specific person, someone ‘respectable’. Liability over who received payment.
Firman-jog Darshani: Hundi made payable to order.
Dekhan-har Darshani: Payable to the presenter or bearer.
Dhani-jog Muddati: Payable to any person- no liability over who received payment, but payment over a fixed term.
Firman-jog Muddati: Hundi made payable to order following a fixed term.
Jokhmi Muddati: Drawn against dispatched goods. If goods lost in transit, the drawer or holder bears the coasts, and the Drawee carries no liability.
NCERT questions are designed to test your understanding of the concepts and theories discussed in the chapter. Here are some tips to help you answer NCERT questions effectively:
Read the question carefully and focus on the core concept being asked.
Reference examples and data from the chapter when answering questions about Business, Trade and Commerce.
Review previous year question papers to get an idea of how such questions may be framed in exams.
Practice answering questions within the time limit to improve your speed and accuracy.
Discuss your answers with your teachers or peers to get feedback and improve your understanding.
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Welcome to the NCERT Solutions for Class 11 Business Studies - Chapter . This page offers a step-by-step solution to the specific question from Excercise 1 , Question 4: What were the different types of Hundi in use by traders in ancient times?....
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