HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Earn 100

Which among the following is true with regard to the objective of getting the signature of the person obtaining payment of a bearer cheque?

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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 11
Arvind Dessai, your saving bank customer, issues a cheque in favour of Mr. Narayan B, who negotiates the cheque to Mr. Chakraborty Your branch receives this cheque in clearing for payment, but a notice of death of Mr. Arvind Desai is received. What will you do with this cheque?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 12
Mr. Surinder Prakash, Director of M/s Surya Limited, having a current account with your branch, comes to you at 4.40 p.m. for encashment of a cheque, issued by his colleague from saving bank account in his name, of Rs.5000. The branch is normally closed for customer service at 3 p.m. He insists for payment urgently needed by him for proceeding the same evening to Kolkata?
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 13
A cheque in favour of Lord Krishna or order is presented for payment:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 14
A bearer cheque of Rs.500 is presented for payment in the saving bank account of Mr. Tarsem Chander who maintains substantial balance. The cheque bears two endorsements one by its payee 'Balbir Singh' reading Balveer Singh' and other by the first endorsee Mr. Shiva Parshad, reading 'Shiv Prasad ':
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 15
Payment in due course is defined u/s _____ of NI Act?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 16
An advocate comes to your branch with a bearer cheque for payment from the account of another customer. He, however, refuses to sign on the backside of the cheque as the cheque is payable to bearer. How would you handle such situation?
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 17
Popular Bank receives a request in writing from Mr Sehwag claiming himself to be the payee of an order cheque of Rs.30000 issued by a current account holder, that he has lost the cheque while he was travelling in a local train. He requests for stopping the payment of the cheque. What the bank should do?
HARD
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 18
Your branch maintains a current account of Mr Bachan Lal, for which a minimum balance of Rs.3000 is to be maintained as per terms of the account opening form. The account shows a balance of Rs.14570, and a cheque is presented for Rs.14570 through clearing. The cheque is returned since the minimum balance condition is not complied with on payment of the cheque. Bachan Lal claims damages from the bank for wrongful dishonour by the bank?