MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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If a materially altered cheque is paid and the alteration is not visible even after careful examination of the cheque, the bank is protected:

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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 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?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 3
What is the time period during which the cheque is to be presented u/s 138 of NI Act?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 4
Which of the following is an essential condition for filing a complaint, by the holder?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 5
What is the time period, to make a complaint (i.e. file suit in the court) by the holder?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 6
In case of dishonor of a cheque for the account of a partnership firm, all partners (whether active or dormant) shall be deemed as guilty of an offense.