Negotiable Instrument- Cheque

Negotiable Instrument- Cheque

Assessment

Quiz

Other

1st - 5th Grade

Practice Problem

Medium

Created by

SANJAYTHRAN AROL NATHAN

Used 251+ times

FREE Resource

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15 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Does a cheque fall under the Negotiable Instrument?

Yes

No

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Ali is the boss of Syarikat East Asia. Mila works as an employee. So Ali draws a cheque for Mila to get her salary. Ali's bank is Public Bank whereas Mila's Bank is CIMB Bank. In this which bank plays a role as the Drawee?

CIMB Bank

Public Bank

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What type of cheque is this?

Uncrossed Cheque

Account Payee Cheque

Crossed Cheque

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Cheque X is risky because when it gets stolen. anyone can put their name behind the cheque with the account number to get the money from the bank. What is Cheque X?

Crossed Cheque

Post Dated Cheque

Account Payee Cheque

Open Cheque

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

S.76 BEA 1949 state that there is how many types of crossing?

3

4

2

1

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

What type of crossing is it?

General Crossing

Special Crossing

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

S81 (A) states that the account payee ___________ be transferable.

can

may

shall not

should

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