Financial Terminology - lecture 8 Online Test

Negotiable Instruments are governed by which Act?


Number of parties in a Promissory Note are


The person who draws the pronote is known as


The number of parties involved in a cheque are


Cheque is legally defined in which act?


A bearer cheque is paybale to _____ ?


There are three parties to the cheque- namely Drawer, Drawee and the payee. The word drawer refers to ________ ?


The word drawere in respect of a cheque refers to whom ?


The order cheque is one whose payment can be made to ?


Putting down tow transverse parallel lines on the face of cheque is known as _______ ?


The payment of a crossed cheque can be made _______- ?


A cheque on the face of which name of the a bank is mentioned is said to be crossed _______ ?


The amount mentioned undedr the cheque can be transferred by the payee to another person who is now entitled to receive payment thereof. This process is known as ?


The person who signs to transfer the amount under the cheque is known as ____ ?


The special paper attached to the cheque to enable more endorsements thereof is known as _______ ?

















Description:

THE TEST WILL BE ABOUT GENERAL ASPECTS OF BANKING WHICH MAY BE ASKED IN THE EXAMINATIONS.
IN THIS TEST QUESTIONS WILL BE BASED ON THE KNOWLEDGE ABOUT NEGOTIABLE INSTRUMENTS ACT 1881 LIKE CHEQUE, WHETHER IT IS BEARER OR ORDER AND WHAT IS DIFFERENCE BETWEEN THE TWO.

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