MEDIUM
Earn 100

What are the differences between demand draft and a cheque?

Important Questions on Banking

MEDIUM
A cheque is considered stale when it has been in circulation for: 
HARD
Which of the following cheque is not honored by the bank?
EASY
When a payee delivers a cheque for payment to a bank, and the bank returns the cheque unpaid with a notation indicating insufficient funds, it is referred to as _____ of cheque.
EASY
Which of the following is not a type of cheque?
MEDIUM
Balance in X's account is Rs.14500. A cheque favouring LIC of India is presented for Rs.16800. Looking into the importance of the cheque and also the fact that X maintained an account for a long time, the bank allowed overdraft on its own without any request from the customer and passed the cheque. When the amount is demanded from X he refuses to pay to say that he never asked for an overdraft?
MEDIUM
The money can be withdrawn from banks through
MEDIUM

Rajan makes a fixed deposit of 8000 in a bank for a period of 2 years. If the rate of interest is 10% per annum compounded annually, find the amount payable to him by the bank after two years.  

EASY

Rent will be paid by customer to bank for using

EASY

A demand draft issued by a bank is valid for _____.

MEDIUM
The type of cheque other than crossed cheque is _____ cheque.
MEDIUM
Bank granted an overdraft to Mr. Ravi Kumar G on the basis of a demand promissory note on July 12.2005. Which among the following is the last day for the bank to file a case in a court of law to recover its money. in case Ravi Kumar G is not able to pay the dues?
EASY
The bank draft can be issued by accepting cash provided the amount is less than Rs _____.
MEDIUM
“Not Negotiable” written on a cheque crossing means _____.
EASY
The repayment of demand loans has to be done within _____ months from the date of disbursement of the loan.
HARD
Bank can issue a duplicate of a lost demand draft at the request of the:
EASY

What will bank customers pay for using safe deposit locker facilities?

EASY
The repayment period of term loans is generally more than _____ months.
EASY

A current account balance, whether positive or negative, will be equal but_____to its capital account balance.

MEDIUM
For clean overdrafts. the limitation period expires after: