N. S. Toor Solutions for Chapter: Banking Law and Practice, Exercise 12: TEST YOUR SELF

Author:N. S. Toor

N. S. Toor General Knowledge/General Awareness Solutions for Exercise - N. S. Toor Solutions for Chapter: Banking Law and Practice, Exercise 12: TEST YOUR SELF

Attempt the practice questions on Chapter 4: Banking Law and Practice, Exercise 12: TEST YOUR SELF with hints and solutions to strengthen your understanding. Hand Book Of Banking Information solutions are prepared by Experienced Embibe Experts.

Questions from N. S. Toor Solutions for Chapter: Banking Law and Practice, Exercise 12: TEST YOUR SELF with Hints & Solutions

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT

Which of the following is an essential condition for filing a complaint, by the holder?

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT

What is the time period, to make a complaint (i.e. file suit in the court) by the holder?

HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT

What punishment is prescribed under the NI Act, for the dishonor of cheque?

HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT

If there is a compromise between parties and an offense is compounded by the court by following a summary trial procedure, what is the punishment under NI Act for the dishonor of cheque?

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT

What is the mode of service of summons by the court on the drawer of the cheque?

HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT

What is true with regard to the liability of a director of a company, in case of dishonour of cheque, issued by a company?

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT

A customer will not be issued a further cheque book if ____ cheques of Rs.1cr each are returned in a financial year.

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT

What is the time limit during which the bank has to return the dishonored cheque to the customer?