MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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A bearer cheque of Rs.500 is presented for payment in the saving bank account of Mr. Tarsem Chander who maintains substantial balance. The cheque bears two endorsements one by its payee 'Balbir Singh' reading Balveer Singh' and other by the first endorsee Mr. Shiva Parshad, reading 'Shiv Prasad ':

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Important Questions on Banking Law and Practice

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 15
Payment in due course is defined u/s _____ of NI Act?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 16
An advocate comes to your branch with a bearer cheque for payment from the account of another customer. He, however, refuses to sign on the backside of the cheque as the cheque is payable to bearer. How would you handle such situation?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 17
Popular Bank receives a request in writing from Mr Sehwag claiming himself to be the payee of an order cheque of Rs.30000 issued by a current account holder, that he has lost the cheque while he was travelling in a local train. He requests for stopping the payment of the cheque. What the bank should do?
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 18
Your branch maintains a current account of Mr Bachan Lal, for which a minimum balance of Rs.3000 is to be maintained as per terms of the account opening form. The account shows a balance of Rs.14570, and a cheque is presented for Rs.14570 through clearing. The cheque is returned since the minimum balance condition is not complied with on payment of the cheque. Bachan Lal claims damages from the bank for wrongful dishonour by the bank?
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 19
Due to heavy rush of customers, a cheque with forged signatures in the account of Images and Graphics is paid by bank?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 20
A drawee bank is liable to the following for wrongful dishonour of a cheque?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 21
If a customer puts his signatures on a cheque different from the one on record of the bank and drawee bank makes the payment, the drawer continues to be liable on the cheque?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 22
A Garnishee order has been received in the account. What memo should be appended to return cheques in the account?