banker customer

To call a person as 'a customer of a bank' he /she should satisfy any of the two following conditions. Tick that two conditions....

• the banker must have issued a pass book and cheque book

• a customer must deal with the bank frequently

• the person need not have an account with the banker

• The transaction between the person and banker must be in the nature of regular banking business and not casual transactions

The general relationship between banker and customer can be....(tick any two)

• agent and principal

• lender and borrower

• agent and owner

• debtor and creditor

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

---------- 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)