MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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A is holder of a cheque who endorses sans recourse to B and B to C and C to D who endorses it to E. Cheque is dishonoured?

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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 26
Restrictive endorsement is one in which?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 27
Endorsement for a partial amount, called partial endorsement is a valid endorsement as per Section 56 of NI Act.
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 1

Crossing of a cheque can be made by (a) drawer (b) payee as the holder (c) a bank (d) not- negotiable crossing by the paying bank. Which of the following combinations are correct in this context:

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 2
If a cheque is as crossed account payee only, it cannot be transferred to any other person by the payee, but the payee can obtain the payment across the counter:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 3
Account payee crossing and non-negotiable crossing are the direction of the drawer to the collection bank.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 4
A cheque is crossed in favour of ‘PNB Delhi’ and ‘PNB Calcutta’. The paying bank:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 5
In special crossing, the name of the bank is more important and not the lines.
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 6
Not Negotiable crossing has been defined u/s_____ of NI Act, 1881.