Which of the following phrases defines the nature of the ‘Hundi’ generally referred to in the sources of the post-Harsha period?

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CollectorBabu · Accepted Answer

Correct Answer: A bill of exchange. Explanation Hundi/Hundee is a financial instrument that developed in Medieval India for use in trade and credit transactions. Hundis are used as a form of remittance instrument to transfer money from place to place, as a form of credit instrument or IOU to borrow money and as a bill of exchange in trade transactions.

Which of the following phrases defines the nature of the ‘Hundi’ generally referred to in the sources of the post-Harsha period?

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