Question
Bill of Exchange (Hundis)
Answer :
Word Count : 229
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The Bill of Exchange, known traditionally as Hundi, was a significant financial instrument in pre-colonial and colonial India, including in the Bhojpur region. Hundis functioned as a credit instrument, facilitating trade, remittances, and financial settlements across vast distances, even before the establishment of formal banking systems. In Bhojpur and surrounding areas, merchant communities like Marwaris and Banias actively used Hundis for trade within India
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