EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

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:

50% studentsanswered this correctly

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 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.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 7
There is no holder in due course of a cheque that is crossed as ‘not negotiable’.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 8
With “Paying account” crossing, the right of further transfer by endorsement is exhausted.
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 9
A Cheque crossed specially is presented for cash payment at the counter of the paying branch, by the cashier of the bank, in whose favour it is crossed:
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 10
A cheque with a special crossing in favour of two banks is returned under the provision of: