Which of the following is not true about a Demand Draft?

Question

[A] It is a negotiable instrument.

[B] It is a banker's cheque.

[C] It may be dishonoured for lack of funds.

[D] It is issued by a bank.

Answer & Explanation
Answer: [It may be dishonoured for lack of funds.]

SSC CGL 2017 Tier 1 Questions and Answers