If you want to ensure that your money will be secured if cheques sent are wasted in the post, you should A) Always pay by cash B) Cross your Cheques ‘Account Payee only, Not Negotiable.’ C) Always get the money in person D) Not use the postal service in future

If you want to ensure that your money will be secured if cheques sent are wasted in the post, you should A) Always pay by cash B) Cross your Cheques ‘Account Payee only, Not Negotiable.’ C) Always get the money in person D) Not use the postal service in future
by

1 Answer

Answer :

Answer: B
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Related questions

A BO bag sent a branch office by its account office must always contain BO slip and it may contain a) Postal order for issue/payment b) Money order for payment c) Cash bag containing cash/stamp, SB document, and saving certificates d) All the above

Description : A BO bag sent a branch office by its account office must always contain BO slip and it may contain a) Postal order for issue/payment b) Money order for payment c) Cash bag containing cash/stamp, SB document, and saving certificates d) All the above

Last Answer : d) All the above

Contents of BO bag sent by the BO to its account office must always contain BO daily count and it may contain a) Paid and unpaid MOs b) Paid postal order c) Cash bag with or without cash d) All the above

Description : Contents of BO bag sent by the BO to its account office must always contain BO daily count and it may contain a) Paid and unpaid MOs b) Paid postal order c) Cash bag with or without cash d) All the above

Last Answer : d) All the above

Q6 All cheques , Bills etc preferable at a treasury for payment being non negotiable instruments can be endorsed only once .The above said statement isa. True b. False

Description : Q6 All cheques , Bills etc preferable at a treasury for payment being nonnegotiable instruments can be endorsed only once . The above said statement is a. True b. False

Last Answer : a. True

Payment of crossed Indian Postal order will be made a) By cash b) Direct to the payee c) Through PO Saving bank or any of the bank d) All the above

Description : Payment of crossed Indian Postal order will be made a) By cash b) Direct to the payee c) Through PO Saving bank or any of the bank d) All the above

Last Answer : c) Through PO Saving bank or any of the bank

Alterations, if any, on cheques are required to be authenticated by the signature of _______ A. Payee B. Depositor C. Drawer D. Endorse E. All of the above

Description : Alterations, if any, on cheques are required to be authenticated by the signature of _______ A. Payee B. Depositor C. Drawer D. Endorse E. All of the above

Last Answer : C. Drawer Explanation: Alterations, if any, on cheques are required to be authenticated by the drawer‘s signature against each such alteration.

The law regarding negotiable instruments is contained in __________ A. The Bill of exchange Act 1881 B. The Banking Regulation Act 1949 C. Cheques Act, 1881 D. The Negotiable Instruments Act, 1881

Description : The law regarding negotiable instruments is contained in __________ A. The Bill of exchange Act 1881 B. The Banking Regulation Act 1949 C. Cheques Act, 1881 D. The Negotiable Instruments Act, 1881

Last Answer : D. The Negotiable Instruments Act, 1881 Explanation: The Negotiable Instruments Act, 1881 – An Act to define and Law relating to negotiable instruments which are Promissory Notes, Bills of Exchange and cheques.

Which of the following section of Negotiable Instruments Act, 1881 deals with Cheques? A. Section 4 B. Section 5 C. Section 6 D. Section 7 E. None of the Above

Description : Which of the following section of Negotiable Instruments Act, 1881 deals with Cheques? A. Section 4 B. Section 5 C. Section 6 D. Section 7 E. None of the Above

Last Answer : C. Section 6 Explanation: The section 6 of the Negotiable Instruments Act, 1881 deals with Cheques.

Mark the correct option relating to SO Slip a) SO slip prepared in form Pa 3 by HO to each of its SO in every day enclosed in the account bag b) Amount with details, of cash (including stamps) sent to the SO c) The balance of list of daily account received from the SO and accounted for in the HO. d) Particulars of documents and ser No and value of Postal order, sent to SO e) All the above

Description : Mark the correct option relating to SO Slip a) SO slip prepared in form Pa 3 by HO to each of its SO in every day enclosed in the account bag b) Amount with details, of cash (including stamps) sent ... HO. d) Particulars of documents and ser No and value of Postal order, sent to SO e) All the above

Last Answer : e) All the above

The fortnightly consolidated list of certificates issued to POs should, be sent by _____to the ____ a) Circle Stamp Depots, Circle postal accounts office b) Head offices , Postal account office c) Circle office , DG Post d) Circle office, Circle account office

Description : The fortnightly consolidated list of certificates issued to POs should, be sent by _____to the ____ a) Circle Stamp Depots, Circle postal accounts office b) Head offices , Postal account office c) Circle office , DG Post d) Circle office, Circle account office

Last Answer : a) Circle Stamp Depots, Circle postal accounts office

Someone paid with me a postal money order today (the real thing, US Postal Service). Do I need to go to a post office to cash it? Can I just go to the bank?

Description : Someone paid with me a postal money order today (the real thing, US Postal Service). Do I need to go to a post office to cash it? Can I just go to the bank?

Last Answer : Just deposit it in your bank. No need to go to the P.O.

The binding of acquittance rolls in respects of staff, for whom establishment returns are sent to the Postal account office and for whom service books of service rolls are maintained need not be in leather but in cloth as there are to be preserved for a) 5 Year b) 6 year c) 7 year d) 2 year

Description : The binding of acquittance rolls in respects of staff, for whom establishment returns are sent to the Postal account office and for whom service books of service rolls are maintained need not be in leather but in cloth as there are to be preserved for a) 5 Year b) 6 year c) 7 year d) 2 year

Last Answer : b) 6 year

A money order received but loss before payment a) The postmaster should then give an intimation to the office of issue by telegraph/fax b) After receiving the intimation the office of issue will prepare duplicate MO in MO 57 and forward to office of payment by service regd post c) A report regarding the issue of a duplicate money order should be made to the home postal account office. d) All the above

Description : A money order received but loss before payment a) The postmaster should then give an intimation to the office of issue by telegraph/fax b) After receiving the intimation the office of issue will prepare ... a duplicate money order should be made to the home postal account office. d) All the above

Last Answer : d) All the above

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 instrument C. Where the indorser writes the name of the person who is directed to pay D. None of the above.

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

The cash bag should always be sent to the account office by the BPM enclosed on the______ a) BO daily account b) SO daily account c) BO Slip d) SO slip

Description : The cash bag should always be sent to the account office by the BPM enclosed on the______ a) BO daily account b) SO daily account c) BO Slip d) SO slip

Last Answer : a) BO daily account

Any postal article sent by post in contravention of the provision of Section 19 or 19-A of Indian Post Office Act 1898 may be opened and destroyed if necessary under the authority of – (A) The officer incharge of the Post office (B) The Divisional Superintendent (C) The Postmaster General (D) None of the authorities mentioned in (A) (B) or (C) above

Description : Any postal article sent by post in contravention of the provision of Section 19 or 19-A of Indian Post Office Act 1898 may be opened and destroyed if necessary under the authority of - (A) The officer ... C) The Postmaster General (D) None of the authorities mentioned in (A) (B) or (C) above

Last Answer : (C) The Postmaster General

Whoever, being required by this Act to make a declaration in respect of any postal article to be sent by post or the contents or value thereof, makes in his declaration any statement which he knows, or has reason to believe, to be false, or does not believe to be true a) Shall be punishable with fine which may extend to fifty rupees. b) Punishable with fine which may extend to two hundred rupees, and, if the false declaration is made for the purpose of defrauding the Government, with fine which may extend to five hundred rupees. c) Punishable with fine which may extend to two hundred rupees d) None of these

Description : Whoever, being required by this Act to make a declaration in respect of any postal article to be sent by post or the contents or value thereof, makes in his declaration any statement which he knows ... hundred rupees. c) Punishable with fine which may extend to two hundred rupees d) None of these

Last Answer : b) Punishable with fine which may extend to two hundred rupees, and, if the false declaration is made for the purpose of defrauding the Government, with fine which may extend to five hundred rupees.

When a certificate is unclaimed or remains undelivered at a H.O. or S.O. for any reason and all efforts to deliver the same to the holders have failed, the same will be sent by the _____ for safe custody to the ____ alongwith the monthly returns a) HO, Postal account office b) SO, Postal account office c) HO, Circle stamp depot d) None of these

Description : When a certificate is unclaimed or remains undelivered at a H.O. or S.O. for any  reason and all efforts to deliver the same to the holders have failed, the same will be sent  by the _____ for ... HO, Postal account office b) SO, Postal account office c) HO, Circle stamp depot d) None of these

Last Answer : a) HO, Postal account office

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 49) B. Yes, the holder can, without 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 into an indorsement in full (Section 49) 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) D. None of the above.

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)

Mark the correct option remittances sent by post a) When a remittance is to be sent by post, the money should be placed in Leather cash bag and cash sealed by treasure. b) The remittance advice and acknowledgement dispatch inside of Regd bag. c) When remittances is to be sent in charge of a special carrier, the amount should be made over to the carrier and he should be required to grant a receipt for the same in treasurer cash book. d) All the above

Description : Mark the correct option remittances sent by post a) When a remittance is to be sent by post, the money should be placed in Leather cash bag and cash sealed by treasure. b) The remittance advice and ... he should be required to grant a receipt for the same in treasurer cash book. d) All the above

Last Answer : d) All the above

When a remittance is made to a SO through a special carrier, in which document a remark should be written for the information of SPM as to how the money was sent a) In SO daily account b) In SO Slip c) In HO summary d) In treasurer cash book

Description : When a remittance is made to a SO through a special carrier, in which document a remark should be written for the information of SPM as to how the money was sent a) In SO daily account b) In SO Slip c) In HO summary d) In treasurer cash book

Last Answer : b) In SO Slip

It is not necessary to record dishonour of cheques in the cash book.

Description : It is not necessary to record dishonour of cheques in the cash book.

Last Answer : State whether the following statement are True or False with reason : It is not necessary to record dishonour of cheques in the cash book.

Money order payable to a person who is not permanent resident within the jurisdiction of office of payment a) Will not be paid b) Payment will be made only through cheques c) Payment will be made only by the postmaster d) Can be paid in the normal course on satisfactory proof of identity of the person in the MO

Description : Money order payable to a person who is not permanent resident within the jurisdiction of office of payment a) Will not be paid b) Payment will be made only through cheques c) Payment will be made only ... d) Can be paid in the normal course on satisfactory proof of identity of the person in the MO

Last Answer : d) Can be paid in the normal course on satisfactory proof of identity of the person in the MO

The application fee may be accepted in shape of____ payable to a) Cash/Account officer of the public authority b) DD/Cheque / Account officer of the public authority c) Indian Postal Order / Account officer of the public authority d) Any one of the above

Description : The application fee may be accepted in shape of____ payable to a) Cash/Account officer of the public authority b) DD/Cheque / Account officer of the public authority c) Indian Postal Order / Account officer of the public authority d) Any one of the above

Last Answer : d) Any one of the above

From the following schedule which one is not submitted to postal accounts on 1st and 16th of every month? a. Schedule of UCR b. Cash account c. Schedule of Bills Paid

Description : From the following schedule which one is not submitted to postal accounts on 1st and 16th of every month? a. Schedule of UCR b. Cash account c. Schedule of Bills Paid

Last Answer : b. Cash account

The SCSS account transferred one Post office to another post office a) Rs 5/- per lac will be charged where the deposit is Rs 1 lac and above b) Rs 10/- per lac will be charged where the deposit is Rs 1 lac and above on second transfer. c) No fee will be charged d) Both the A and B( The fee will be paid by cash through pay in slip

Description : The SCSS account transferred one Post office to another post office a) Rs 5/- per lac will be charged where the deposit is Rs 1 lac and above b) Rs 10/- per lac will be charged where the deposit is Rs 1 ... No fee will be charged d) Both the A and B( The fee will be paid by cash through pay in slip

Last Answer : d) Both the A and B( The fee will be paid by cash through pay in slip

If the remitter presents an application requesting postmaster of office of issue to change the name of payee, the fee to be collected is a) Second commission in cash b) Free c) Second commission in shape of postage stamp affixed on the application d) None of these

Description : If the remitter presents an application requesting postmaster of office of issue to change the name of payee, the fee to be collected is a) Second commission in cash b) Free c) Second commission in shape of postage stamp affixed on the application d) None of these

Last Answer : c) Second commission in shape of postage stamp affixed on the application

. An important aim of a post-project review is to: a. validate overall progress to date against the budget and schedule. b. capture learning and document it for future usage. c. ensure acceptance of all permanent documentation, signed by the sponsor. d. establish that project benefits have been identified.

Description : . An important aim of a post-project review is to: a. validate overall progress to date against the budget and schedule. b. capture learning and document it for future usage. c. ... of all permanent documentation, signed by the sponsor. d. establish that project benefits have been identified.

Last Answer : b. capture learning and document it for future usage.

An important aim of a post-project review is to: a. validate overall progress to date against the budget and schedule. b. capture learning and document it for future usage. c. ensure acceptance of all permanent documentation, signed by the sponsor. d. establish that project benefits have been identified

Description : An important aim of a post-project review is to:  a. validate overall progress to date against the budget and schedule.  b. capture learning and document it for future usage.  c. ... of all permanent documentation, signed by the sponsor.  d. establish that project benefits have been identified

Last Answer : b. capture learning and document it for future usage.

Scheduled banks are required to keep cash reserve with RBI, interms of _______ A. Section 24 of the Banking Regulation Act, 1949 B. Section 20 of the Banking Regulation Act, 1949 C. Section 42(i) of the RBI Act, 1934 D. Section 42 of Negotiable Instruments Act

Description : Scheduled banks are required to keep cash reserve with RBI, interms of _______ A. Section 24 of the Banking Regulation Act, 1949 B. Section 20 of the Banking Regulation Act, 1949 C. Section 42(i) of the RBI Act, 1934 D. Section 42 of Negotiable Instruments Act

Last Answer : C. Section 42(i) of the RBI Act, 1934 Explanation: Every bank included in the Second Schedule shall maintain with the Bank an average daily balance the amount.

Who handle the transfer of pension from one head Post office to another within the jurisdiction of another Postal Accounts Office a. Head Postmaster b. Head Postmaster and Postal Accounts Office c. Postal Account Office

Description : Who handle the transfer of pension from one head Post office to another within the jurisdiction of another Postal Accounts Office a. Head Postmaster b. Head Postmaster and Postal Accounts Office c. Postal Account Office

Last Answer : b. Head Postmaster and Postal Accounts Office

Liability in respect of postal articles insured hall be liable to pay compensation, not exceeding the amount for which a postal article has been insured, to the sender thereof for the loss of the postal article or its contents, or for any damage caused to it in course of transmission by post explained in a) Section 18 b) Section 33 c) Section 20 d) None of these

Description : Liability in respect of postal articles insured hall be liable to pay compensation, not exceeding the amount for which a postal article has been insured, to the sender thereof for the loss of the postal article or ... by post explained in a) Section 18 b) Section 33 c) Section 20 d) None of these

Last Answer : b) Section 33

The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called - (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Last Answer : (4) an overdraft Explanation: Overdrafts is an extension of credit from a lending institution when an account reaches zero. An overdraft allows the individual to continue withdrawing money even if the ... available balance goes below zero. In this situation the account is said to be "overdrawn."

The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Description : The permission given to a bank customer to draw cheques in excess of his current account balance is called (1) a personal loan (2) an ordinary loan (3) discounting a bill of exchange (4) an overdraft

Last Answer : an overdraft

Mark correct option related to bulk bag system under foreign post a) Application for bulk bag facility should be made to Head of the circleb) Special bags of printed newspaper to/from addressees/sender in foreign countries except ceylon, Nepal, Bhutan and Pakistan may be send.c) Bulk bag may be sent either as unregistered or registered.d) The sender of such bags will deposit the amount in cash or POSB certificate pledged to Head of the circle. e) All the above are correct

Description : Mark correct option related to bulk bag system under foreign post a) Application for bulk bag facility should be made to Head of the circle b) Special bags of printed newspaper to/from addressees/sender in ... in cash or POSB certificate pledged to Head of the circle. e) All the above are correct

Last Answer : e) All the above are correct

Single, childless people, who is the beneficiary/POD payee on your bank account?

Description : Single, childless people, who is the beneficiary/POD payee on your bank account?

Last Answer : Mine are my parents too.

Bank deposits that can be withdrawn without notice are called - (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Description : Bank deposits that can be withdrawn without notice are called - (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Last Answer : (4) demand deposits Explanation: Demand deposits are funds held in an account from which deposited funds can be withdrawn at any time without any advance notice to the depository institution. Demand ... of account which cannot be accessed for a predetermined period (typically the loan's term).

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

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.

Bank deposits that can be withdrawn without notice are called (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Description : Bank deposits that can be withdrawn without notice are called (1) account payee deposits (2) fixed deposits (3) variable deposits (4) demand deposits

Last Answer : demand deposits

.A person that money or a cheque is paid to a) payer b) paye c) remit d) payee

Description : .A person that money or a cheque is paid to a) payer b) paye c) remit d) payee

Last Answer : d) payee

Memo of admission of payment is obtained a) When duplicate money order are issued b) When a money order is lost before payment c) When a money order is lost after payment d) When money order was paid to a person other than the payee

Description : Memo of admission of payment is obtained a) When duplicate money order are issued b) When a money order is lost before payment c) When a money order is lost after payment d) When money order was paid to a person other than the payee

Last Answer : c) When a money order is lost after payment

Money order will be paid to a. Parents of the payee, if the payee not present at the address. b. Any person or family member residing at the address, if payee not present c. Payee of the MO at the address d. Wife/husband of the payee

Description : Money order will be paid to a. Parents of the payee, if the payee not present at the address. b. Any person or family member residing at the address, if payee not present c. Payee of the MO at the address d. Wife/husband of the payee

Last Answer : c. Payee of the MO at the address

If variable part of annual cost on account of interest and depreciation on the capital outlay is equal to the annual cost of electrical energy wasted in the conductors, the total annual cost will be minimum and the corresponding size of conductor will be most economical. This statement is known as (a) Kelvin's law (b) Ohm's law (c) Kirchhoffs law (d) Faraday's law (e) none of the above

Description : If variable part of annual cost on account of interest and depreciation on the capital outlay is equal to the annual cost of electrical energy wasted in the conductors, the total annual cost will be minimum and the ... (b) Ohm's law (c) Kirchhoffs law (d) Faraday's law (e) none of the above

Last Answer : (a) Kelvin's law

Which of the following is not a condition for drafts to be negotiable? A. must be in writing, signed by the drawer B. must contain a promise to pay a certain sum if goods are received C. must contain an order to pay D. must be payable on sight or at a specified date E. must be made out to order or bearer

Description : Which of the following is not a condition for drafts to be negotiable? A. must be in writing, signed by the drawer B. must contain a promise to pay a certain sum if goods are received C. must contain an ... D. must be payable on sight or at a specified date E. must be made out to order or bearer

Last Answer : B. must contain a promise to pay a certain sum if goods are received

Which of the following entry will be made in BO a) To invoice remittance noting the details of cash( including stamps) sent to the branch office b) To confirm the accuracy of the daily account last received from the BO by entering the balance in words and figure of last BO daily account c) To Note the particulars of articles, documents, account office receipts, sent to the branch office. d) To give instructions to the BPM whenever necessary e) All the above

Description : Which of the following entry will be made in BO a) To invoice remittance noting the details of cash( including stamps) sent to the branch office b) To confirm the accuracy of the daily account last ... to the branch office. d) To give instructions to the BPM whenever necessary e) All the above

Last Answer : e) All the above

Which of the following particulars should also be furnished on the reverse of the daily account. a) Details of remittances received and sent from or to HO or other SO b) Particulars of UCR , UCP, bills paid , reason for holding cash/stamp below minimum or excess maximum c) Requisition for postage entered in remarks column d) All documents sent to along with the daily account e) All the above

Description : Which of the following particulars should also be furnished on the reverse of the daily account. a) Details of remittances received and sent from or to HO or other SO b) Particulars of UCR , UCP, ... entered in remarks column d) All documents sent to along with the daily account e) All the above

Last Answer : e) All the above