banker and customer

this endorsement is made by an authorized person on behalf of another

• partial endorsement

• per pro endorsement

• san frais endorsement

• sans recourse endorsement

endorsement is always done on .......... of the instrument

• the face

• left side top corner

• the back

• right side top corner

in this type of endorsement, some of the rights of the endorser are waved

• Facultative endorsement

• conditional endorsement

• restrictive endorsement

• full endorsement

this crossing is to prevent a wrong person from obtaining payment instead of the actual owner of the cheque.

• real crossing

• general crossing

• not negotiable crossing

• account payee crossing

mentioning collecting banker's name on the left side top corner will be done under ....

• general crossing

• special crossing

• open crossing

• real crossing

this innovative method will increases the speed of processing cheques

• MICR cheque

• Cash cheque

• crossed chques

• stale cheque

tick any three cases in which bank can dishonour a cheque

• countermanding instruction

• antidated cheque

• death of a customer

• cash cheque

tick any two cases which is applicable to holder in due course

• he may not be a holder

• he must have obtained the instrument for 'valuable consideration

• it may not be free from any defect

• he must have obtained the instrument on or before the due date

---------- is an order to pay money drawn by one office of a bank upon other office of the same bank for a sum of money payable to order on demand.

• bank draft

• cheque

• negotiable instrument

• currency

The Banking Regulation Act 1949 defines the term banking under the section

• Sec.6(2)(c)

• Sec.6(1)(c)

• Sec.5(1)(b)

• Sec.5(2)(b)