N. S. Toor Solutions for Chapter: Banking Law and Practice, Exercise 3: TEST YOUR SELF
N. S. Toor General Knowledge/General Awareness Solutions for Exercise - N. S. Toor Solutions for Chapter: Banking Law and Practice, Exercise 3: TEST YOUR SELF
Attempt the free practice questions on Chapter 4: Banking Law and Practice, Exercise 3: 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 3: TEST YOUR SELF with Hints & Solutions
Instruments such as (a) airway bill (b) banknote (c) letter of credit (d) demand draft, are not treated as negotiable instruments. Which of these is correct?
Negotiable instrument Act provides a definition of:
(a) promissory note
(b) bill of exchange
(c) cheque
(d) demand draft.
Which of the following is not correct?
Under which Section of the NI Act, the bank has an obligation to make payment of cheques issued by a customer?
As per provisions of NI Act Sec , an order cheque is transferable (negotiated) only by:
Which of the following is a negotiable instrument?
Protection is available to paying banker for paying draft with an endorsement under the section of NI Act:
A bill of lading or railway receipt is negotiable u/s of :
A cheque has been signed by the drawer but few other particulars (date or amount or payee name) are not mentioned. It is called an inchoate cheque (True/False).
