When a cheque bears across its face an addition of the name of a banker, either with or without the words not negotiable, the cheque is considered to have been crossed A. Specially
B. Generally
C. Normally
D. Either a or b or c

1 Answer

Answer :

A. Specially

Related questions

Description : If the words "not negotiable" are used with special crossing in a cheque, the cheque is A. Not transferable B. Transferable C. Negotiable under certain circumstances D. None of the above

Last Answer : B. Transferable

Description : Who among the following cannot cross a cheque? A. Drawer B. Holder C. Banker D. Foreigner.

Last Answer : B. Holder

Description : For the purpose of attracting the provisions of section 138 of the Negotiable Instruments Act, 1881, a cheque has to be presented to the bank A. Within a period of six months B. Within a period of six ... . Within a period of 15 days from the date on which it is drawn D. None of the above.

Last Answer : B. Within a period of six months from the date on which it is drawn or within the period of its validity, whichever is earlier

Description : The term 'negotiation' in section 14 of the Negotiable Instruments Act, 1881 refers to A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the ... the instrument C. The bargaining between the parties to a negotiable instrument D. All of the above

Last Answer : A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder thereof

Description : Can the holder of a negotiable instrument indorsed in blank convert the indorsement into an indorsement in full? A. No, such a conversion is not possible under the Negotiable Instruments Act, 1881 (Section ... the indorsement in blank to an indorsement in full (Section 49) D. None of the above.

Last Answer : C. Yes, the holder can by signing his own name and by writing above the indorser's signature a direction to pay to any other person as indorsee, convert the indorsement in blank to an indorsement in full (Section 49)

Description : The amount of maturity inclusive of interest if becomes Rs 20000/- or above shall be paid by a) Cash only b) By crossed cheque c) By Credit into saving accounts d) Either B or C

Last Answer : d) Either B or C

Description : In determining reasonable time for the purpose of payment of a negotiable instrument A. Public holidays are included B. Public holidays are excluded C. Only the holidays observed by the banks are excluded D. None of the above.

Last Answer : B. Public holidays are excluded

Description : 'At sight' under section 21 of the Negotiable Instrument Act, 1881, means A. On presentation B. On demand C. On coming into vision D. None of the above.

Last Answer : A. On presentation

Description : Under section 16 of the Negotiable Instrument Act, 'indorsement in blank' of an instrument means A. Where the indorser does not write anything on the instrument B. Where the indorser signs his name only on ... the indorser writes the name of the person who is directed to pay D. None of the above.

Last Answer : A. Where the indorser does not write anything on the instrument

Description : The Negotiable Instruments Act, 1881 came into force on A. 9th December 1881 B. 19th December 1881 C. 1st March 1882 D. none of the above.

Last Answer : A. 9th December 1881

Description : The Negotiable Instruments Act, 1881 applies to A. The whole of India B. The whole of India except the State of Jammu and Kashmir C. Those states as notified by the Union Government from time to ... D. The whole of India except the State of Jammu and Kashmir and the North- Eastern States.

Last Answer : B. The whole of India except the State of Jammu and Kashmir

Description : The following is a document a) A cheque upon a banker is an document b) A power of attorney is a document c) A map or plan which is intended to be used or which may be used as evidence  d) All the above

Last Answer : d) All the above

Description : Exemplary damages are not awarded in such case (a) Breach of promise to marry (b) Wrongful dishonour & customers cheque by banker (c) Breach of any business contract (d) None of the above

Last Answer : (c) Breach of any business contract

Description : The section 4 of the Negotiable Instruments Act, 1881 deals with ________ A. Cheque B. Bills of Exchange C. Promissory Note D. All of the Above E. None of the Above

Last Answer : C. Promissory Note Explanation: The section 4 of the Negotiable Instruments Act, 1881 deals with Promissory Note.

Description : Presentment of an acceptance is required in case of A. Every Bill of exchange B. Every Bill of exchange payable after sight C. Every promissory note D. Every cheque

Last Answer : C. Every promissory note

Description : Acceptor for honour can be a party to A. A cheque B. A bill of exchange C. A promissory note D. A hundi

Last Answer : B. A bill of exchange

Description : Crossing of a cheque effect the A. Negotiability of the cheque B. Mode of payment on the cheque C. Both (a) and (b) D. None of the above

Last Answer : C. Both (a) and (b)

Description : To whom of the following, payment of the amount due on a promissory note, bill of exchange or cheque must be made in order to discharge the maker or acceptor A. Holder of the instrument B. Indorser of the instrument C. Indorsee of the instrument D. None of the above.

Last Answer : A. Holder of the instrument

Description : Cheque is a A. Promissory note B. Bill of exchange C. Both (a) and (b) above D. None of the above.

Last Answer : D. None of the above.

Description : A crossed cheque is one, which can be encashed only at which bank? -Do You Know?

Last Answer : answer:

Description : A crossed cheque is one, which can be encashed only at which bank? -Do You Know?

Last Answer : answer:

Description : What do you mean by crossed cheque?

Last Answer : What do you mean by crossed cheque?

Description : Which of the following is not a type of cheque issued by an individual? A. Bearer Cheque B. Crossed Cheque C. Order Cheque D. Savings Cheque

Last Answer : D. Savings Cheque Explanation: An order cheque can be a bearer cheque if the words or bearer are not cancelled out.A crossed cheque is a cheque that has been marked to specify an instruction about the way it is to be redeemed.

Description : A cheque for a fixed amount that may be cashed or used in payment abroad after endorsement by the holder‟s signature is known as ___________ A. Travellers cheque B. Multicity Cheque C. Mutilated Cheque D. Crossed Cheque

Last Answer : A. Travellers cheque Explanation: Traveller‘s cheque is a medium of exchange that can be used in place of hard currency. Traveller‘s cheques are often used by individuals travelling on vacation to foreign countries.

Description : Which of the following cheque issued by a customer under a pre-approved arrangement with the bank? A. Travellers cheque B. Multi-city Cheque C. Mutilated Cheque D. Crossed Cheque

Last Answer : B. Multi-city Cheque Explanation: A Multi-City Cheque (MCC) is one that can be written by the customer in favour of his client and is payable at par at all branches of the Bank. These are issued as Order Cheque.

Description : _______ is a cheque that is not crossed on the left corner and payable at the counter of the drawee bank on presentation of the cheque. A. Crossed Cheque B. Open Cheque C. General Crossing D. Restrictive Crossing E. None of the Above

Last Answer : B. Open Cheque Explanation: An open cheque is a cheque that is not crossed on the left corner and payable at the counter of the drawee bank on presentation of the cheque.

Description : The safest form of Crossed Cheque is _____ A. Double Crossing B. General Crossing C. Special Crossing D. Account payee crossing E. None of the Above

Last Answer : D. Account payee crossing Explanation: In Account payee crossing the amount will not be paid to anybody over the counter. It will be credited to the account of the payee only. Thus account payee crossing ensures safe transfer of funds.

Description : Express contract means a contract made by A. words either spoken or written. B. documents. C. both words and documents. D. all of the above.

Last Answer : D. all of the above.

Description : Sub-prime lending refers to ________ A. lending done by banks at rates below PLR B. Funds raised by the banks at sub-libor rates C. Group of banks which are not rated as ... institutions including banks to customers not meeting with normally required credit appraisal standards E. All of the Above

Last Answer : D. lending done by financing institutions including banks to customers not meeting with normally required credit appraisal standards Explanation: In finance, subprime lending (also referred to ... schedule, sometimes reflecting setbacks, such as unemployment, divorce, medical emergencies, etc.

Description : Pick out the wrong statement. (A) Linear polymers are formed from bifunctional groups only and are normally thermoplastic (B) Cross-linked branched chain polymers are either elastometric or ... (D) Dibasic acids reacts with dihydric alcohols to give polyesters using addition polymerisation reaction

Last Answer : D) Dibasic acids reacts with dihydric alcohols to give polyesters using addition polymerisation reaction

Description : Economic growth is normally coupled with? A. Inflation B. Hyper Inflation C. Deflation D. Stagflation

Last Answer : A. Inflation

Description : Makers of televisions, cameras, tires, furniture, and major appliances normally use which of the following distribution channel forms? A. direct marketing channel B. indirect marketing channel C. horizontal channel D. synthetic channel

Last Answer : B. indirect marketing channel

Description : Makers of televisions, cameras, tires, furniture, and major appliances normally use which of the following distribution channel forms? A. direct marketing channel B. indirect marketing channel C. horizontal channel D. synthetic channel

Last Answer : B. indirect marketing channel

Description : The words „not negotiable‟ can be added to _______ A. Double Crossing B. General Crossing C. Special Crossing D. Both (B) and (C) E. Both (A) and (B)

Last Answer : D. Both (B) and (C) Explanation: The words ‗not negotiable can be added to general-crossing as well as special-crossing and a crossing with these words is known as not negotiable ... The effect of such a crossing is that it removes the most important characteristic of a negotiable instrument.

Description : Time period that is considered from the inception of the credit, investment or negotiable instrument and ends upon the maturity or expiry of the instrument is referred as ________ A. Amortisation Period B. Amortising Swap C. Asset Backed Security D. Attrition Analysis

Last Answer : A. Amortisation Period Explanation: The amortisation period on a mortgage is the total length of time it will take you to pay off your mortgage.

Description : A patient is generally advised to specially consume more meat, lentils, milk and eggs in diet only when he suffers from (a) scurvy (b) kwashiorkor (c) rickets (d) anaemia.

Last Answer : b) kwashiorkor

Description : If an instrument may be construed either as a promissory note or bill of exchange, it is A. A valid instrument B. An ambiguous instrument C. A returnable instrument D. None of the above.

Last Answer : A valid instrument

Description : The agent having in customary course of business as such agent authority either to sell goods or to consign goods for the purpose of sale or to buy goods or to raise money on the security of goods is called A. Agent B. Mercantile agent C. Partner D. None of above

Last Answer : B. Mercantile agent

Description : How can one still read words that have been crossed out with pen ink or magic marker?

Last Answer : Gosh, yes! Hold the paper up so your viewing angle is more from the side than above. Tilt back and forth until the light angle is somewhat slanted. See? When I cross something out, ... are deliberate. Crossing something out, the movements are more casual. Spotting the difference is not so difficult.

Description : In which of these areas might you face pressures? A. Working with colleagues from different functional areas within the organisation B. Meeting reporting deadlines C. Allocating bonuses D. all of the above

Last Answer : D. all of the above

Description : If you face an ethical dilemma, what should your first step be in resolving the issue? A. Contact the regulators B. Stay quiet C. Check your facts D. None of the above

Last Answer : C. Check your facts

Description : In which of these areas might you face pressures? A. Working with colleagues from different functional areas within the organisation B. Meeting reporting deadlines C. Allocating bonuses D. All of the above

Last Answer : D. All of the above

Description : If you face an ethical dilemma, what should your first step be in resolving the issue? A. Contact the regulators B. Stay quiet C. Check your facts D. None of the above

Last Answer : C. Check your facts

Description : Two major factors are changing the face of today's communications. One of these factors is the fact that: A. Costs of promotion are rising. B. Mass markets are fragmented and ... Global communications are not growing rapidly enough. D. Marcom managers have achieved more power and control.

Last Answer : B. Mass markets are fragmented and marketers are shifting away from mass marketing.

Description : Scarcity of capital, technological backwardness and unemployment are generally found in A. Developed countries B. Underdeveloped countries C. Both D. None of the above

Last Answer : B. Underdeveloped countries

Description : Scarcity of capital, technological backwardness and unemployment are generally found in: A. Developed countries B. None of the above C. Underdeveloped countries D. Both

Last Answer : C. Underdeveloped countries

Description : The dialect Lunfardo bears a name meaning ‘outlaw’ and originated either among European immigrants or among criminals. It gained greater respectability in the 20th century on account of its association with another practice. What was this practice?

Last Answer : Tango.

Description : C) Doha Bank Explanation: A Qatar-based Indian banker has been awarded for his contribution in environment friendly activities and for promoting green economy for nearly two decades. R Seetharaman, ... Visionary award at the 2016 Union of Arab Banks International Banking Summit held in Rome.

Last Answer : The Department of Posts launched a logo and tagline design contest for its soon-tobe set up India Post Payments Bank on which of the following website? A) GovPost B) IndianPost C) MyGov D) PayPost E) None of these

Description : A bill is drawn payable to 'A' or order. 'A' indorses it to 'B', the indorsement not containing the words '"or order" or any equivalent words. Can 'B' negotiate the instrument? A. Yes B. No C. Not always D. None of the above.

Last Answer : A. Yes

Description : If in an instrument the amount undertaken or ordered to be paid is stated differently in figures and in words A. The instrument is void due to uncertainty B. The amount stated in figure shall be ... amount stated in words shall be the amount undertaken or ordered to be paid D. None of the above.

Last Answer : A. The instrument is void due to uncertainty