EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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Where amount in words and figures differ, the provision for making the payment of amount mentioned in words in a cheque is described u/s _____ of NI Act.

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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 38

To prevent cheque related frauds, the examination under ultraviolet-lamp (UV) lamp for all cheques beyond a threshold of _____ is mandatory.

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 39

A payment to be treated as a 'payment in due course', must satisfy the following conditions:

(a) payment to the person in possession of the cheque

(b) payment as per apparent tenor

(c) payment in goodfaith without negligence

MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 40
Z issues a cheque in favour of Y and X steals it. By forging Y 's signatures, he delivers it to W, who obtains the payment of the cheque from your branch As a paying bank, can you get protection?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 41
The cheque returning memo is enclosed with a returned cheque, to comply with?
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 42
Your branch receives a dividend warrant of Rs.560 in favour of one Mrs Rama presented by State Bank in clearing. On the backside of the dividend warrant, it is stated that payee's discharge is needed but the payee has not signed the same in giving discharge?
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 1
In case of a collection of cheques and bills, the relationship of the banker with the customer is that of:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 2
In case of a collection of a bank draft the collecting banker is protected against conversion under _____ section of Negotiable Instruments Act 1881.
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 3

A collecting bank gets protection u/s 131 of NI Act against conversion, only if:

(a) collection of the cheque is in good faith and without negligence

(b) bank collects only on behalf of the customer

(c) bank collects only crossed cheques

(d) collection only of bank cheques

Which of the following combinations is correct?