CA CPT Model Test Paper 2 with solutions for online practice

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Question : 21 of 200

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As per Section 12 of Negotiable Instruments Act, which of the following is not a foreign bill?

A bill drawn outside India and made payable outside India.
A bill drawn outside India and made payable in India.
A bill drawn outside India on a person resident in India.
A bill drawn in India on a person resident outside India and made payable outside India.

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