Legal amount in a cheque stands for:

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 3

On a cheque issued by a customer, the bearer or order of the word is not written. This cheque will be treated as:

EASY

Bihar Cooperative Bank Assistant Mains

IMPORTANT

Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 4

W.e.f $1.4.2012$, the validity period of the cheque is as _____ per the RBI direction.

MEDIUM

Bihar Cooperative Bank Assistant Mains

IMPORTANT

Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 5

Your branch receives a cheque of $Rs.500$ written in figures and $Rs$. Five lac in Words. Under Section $18$ of the NI Act, the bank:

MEDIUM

Bihar Cooperative Bank Assistant Mains

IMPORTANT

Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 6

On a cheque issued by a customer, the bearer or order of the word are written. This cheque will be treated as:

MEDIUM

Bihar Cooperative Bank Assistant Mains

IMPORTANT

Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 7

Courtesy amount in a cheque stands for:

HARD

Bihar Cooperative Bank Assistant Mains

IMPORTANT

Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 8

On which of the following types of cheques alterations are not allowed by RBI:

MEDIUM

Bihar Cooperative Bank Assistant Mains

IMPORTANT

Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 1

Which of the following statement is correct:

HARD

Bihar Cooperative Bank Assistant Mains

IMPORTANT

Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 2

With endorsement on a cheque by the payee (a) his liability is equal to that of a principal debtor (b) the endorsee gets the rights of a creditor (c) endorsee becomes a holder in due course (d) endorsee can endorse it further. Which of the following combination not correct: