Endorsement

Quiz
•
Other
•
University
•
Hard
Mrs. Majeetha Parveen
Used 8+ times
FREE Resource
15 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
2.A separate slip attached to negotiable instrument is known as
memo
pay in slip
allonge
counterfoil
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
3.When the endorser signs only his name it is called
general endorsement
special endorsement
conditional endorsement
partial endorsement
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
4.A type of an endorsement that negates the liability of the endorser is called
general endorsement
blank endorsement
special endorsement
conditional endorsement
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
5.The person in whose favour the endorsement is done is called
endorser
endorsee
negotiator
bearer
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
6.The banker who makes payment of a negotiable instrument is called
collecting banker
paying banker
drawing banker
all the above
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
7.Banker's duty to make payment of a cheque is contained in section ___ of the negotiable instruments act, 1881
30
31
32
33
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
8.A banker has to make payment as per instructions of
the drawee
the drawer
the payee
the endorser
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