MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

A cheque of Rs.15000 issued in favour of M/s Manish Kumar & Sons is deposited by the proprietor of the firm Mr. Manish Kumar in his personal saving bank account, which the collecting bank refuses to collect, to guard itself against conversion, while Manish Kumar insists on that:

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Important Questions on Banking Law and Practice

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 17
The collecting bank is expected to collect the cheque within a reasonable period, else it would be liable for the loss. The given statement is_____.
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 1
Which among the following cannot be treated as a material alteration?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 2
If a materially altered cheque is paid and the alteration is not visible even after careful examination of the cheque, the bank is protected:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 3
If a materially altered cheque is paid and the alteration is not visible even after careful examination of the cheque, the bank is protected:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 4
X issued a cheque of Rs.8000 in favour of Y and Y cleverly added zero after Rs.8000 and added 'y' after Eight, making the amount Rs.80000 and Rs. Eighty thousand. The cheque is paid by the bank:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 5
Which of the following meets the criteria of a material alternation in a cheque?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 1
On dishonor of a cheque, what kind of remedy is available to the holder of the cheque under the NI Act?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 2
The remedy under Section 138 of the NI Act to file a complaint is not available to the holder under which of the following circumstances?