Which of the following instrument is a hybrid of Demand Draft and Pay Order?
Accounting / Accounting MCQs — Multiple-choice practice
مندرجہ ذیل میں سے کون سا آلہ ڈیمانڈ ڈرافٹ اور پے آرڈر کا ہائبرڈ ہے؟
- A. Banker's Cheque
- B. None of these
- C. Bearer Cheque
- D. Double Crossed Cheque
Correct answer
Double Crossed Cheque
Explanation
Explanation A double crossed cheque combines features of a demand draft and a pay order. Can only be deposited into a bank account , not cashed directly. Provides higher security for fund transfers. Used for safe and guaranteed payments. Last verified on 15-02-2026
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