Chap#09, Negotiable Instrument 01

There are ________________ types of crossing

• 2

• 3

• 4

• 5

_______________________ is the immaterial changes in the cheque.

• Drawer/holder Makes crossing on cheque

• Drawer/bearer add "Payee only" in two transverse parallel lines.

• Drawer/holder Makes general crossing into special crossing

• All of theses

A cheque is written order drawn on:

• Endorsee

• Bank

• Customer

• All of the above

Who can cancel the crossing of a cheque?

• Drawer

• Drawee

• Holder

• Endorser

If the drawer of a cheque is a payee himself then what word is written after the word Pay to:

• Order

• Bearer

• Self

• None of these

A cheque which cannot be cashed at bank's counter is called:

• Bearer

• Order

• Crossed

• plain

The name of a person written on cheques is:

• Drawer

• Drawee

• Payee

• President of bank

After the expiry of six months from the date of its issue, the cheque will be considered as ___________

• Post-dated cheque

• Marked cheque

• Mutilated cheque

• Outdated cheque

Which of the following instrument is a negotiable instrument?

• Postal order

• Cheque

• Money order

• None of these

When is the term "dishonour of Cheque" used?

• If the bank refuses to make payment of the cheque

• If the bank stops to make the payment of the cheque

• If the bank delays the payment of the cheque

• None of these