paying banker

Expand NEFT

• A. National Electronic Fund Transfer

• B. Neutral Electronic Fund Transfer

• C. Nominal Electronic Fund Transfer

• D. Natural Electronic Fund Transfer

------ is an endorsement in which the endorser merely signs his name on the book of the instrument without mentioning the name of the person to whom the instrument is endorsed

• A. Blank Endorsement

• B. Restrictive Endorsement

• C. Qualified Endorsement

• D. San Frais Endorsement

IFSC stands for …………..

• a. Indian Financial System Code

• b .International Financial System Code

• c .Indian Fund Service Code

• d .None of these

Blank endorsement is otherwise called as

• A. Full Endorsement

• B. Qualified Endorsement

• C. General Endorsement

• D. Special Endorsement

The paying banker who makes cash payment of a cross cheque at the counter shall be liable for the loss of

• A. Drawer of the cheque

• B. True owner of the cheque

• C. Collecting banker

• D. the First endorser

Who can cancel the crossing on a cheque?

• A. Payee

• B. Paying banker

• C. Endorser

• D. Drawer

Drawing of two parallel transverse lines on the face of the cheque is called

• A. Special crossing

• B. General Crossing

• C. Upper Crossing

• D. Lower Crossing

Addition of the name of a banker across the face of a cheque is called as

• A. General crossing

• B. Special crossing

• C. Upper Crossing

• D. Lower Crossing

Truncation of cheques means

• a. scanning of the cheques and transmission of electronic image instead of physical cheque in the clearing cycle

• b. debiting of drawer’s account through internet

• c. Both of the above

• d. none of the above

Who can file a criminal case against the drawer of a dishonoured cheque?

• (a) The payee

• (b) The holder in due course

• (c) Both of the above

• (d) The paying banker