Q: 35 (SCRA/2009)

Consider the following Under the Mughals, the use of hundi was a system which
1. facilitated the movement of goods,
2. permitted easy transaction of money from one part of the country to another.
3. included insurance which was charged at different rates on the basis of the value of the goods, destination, means of transport etc.
Which of the statements given above are correct?
Which of the following phrases defines the nature of the ‘Hundi’ generally referred to in the sources of the post-Harsha period? (a) An advisory issued by the king to his subordinates (b) A diary to be maintained for daily accounts (c) A bill of exchange (d) An order from the feudal lord to his subordinates

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