Drawing of two parallel transverse lines on the face of the cheque is called_
A. upper crossing
B. lower crossing
C. general crossing
D. special crossing
Drawing of two parallel transverse lines on the face of the cheque is called_ Read More »
A. upper crossing
B. lower crossing
C. general crossing
D. special crossing
Drawing of two parallel transverse lines on the face of the cheque is called_ Read More »
A. for a ny purpose
B. for publication in its annual report
C. for taking credit decisions.
D. for underwriting the shares of the borrower company
Credit information furnished by credit information company to a bank can be used by it Read More »
A. a recommendation
B. a guarantee about repayment
C. for taking credit decisions
D. for underwriting the shares of the borrower company.
Credit information report contains_ Read More »
A. After 15 days
B. After 20 days
C. After a month
D. Immediately through his account
A debit card holder makes payment for purchases Read More »
A. drawn on an unknown drawee
B. discounted at the instance of drawee
C. not eligible for discounting
D. payable on demand by the drawee
A drawee bill is bill which is Read More »
A. legal mortgage of fixed assets
B. pledge of goods.
C. hypothecation of movable assets equitable mortgagae
D. equitable mortgage.
A term loan is not secured by Read More »
A. The Payee
B. The drawer
C. The drawee
D. The endorsee
Who can countermand the payment of a cheque. Read More »
A. To Convert a bearer Cheque into an order cheque
B. To convert an open cheque into a crossed cheque.
C. To convert general crossing into Special Crossing
D. To make a specially crossed cheque into generally Crossed Cheque.
Which is not possible for the payee of a Cheque Read More »
A. cannot be negotiated
B. can be negotiated and the endorsees title is not affected in any case.
C. can be negotiated but the holder of the cheque will not have title better than that of the person from
whom he took it.
D. is always deemed as crossed specially
A cheque with ‘Not negotiable ‘crossing Read More »