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Worksheets

Banking Operations & Cheque Types

Total questions: 20

Worksheet time: 40mins

Name
Class
Date
1.

When the words “or bearer” appearing on the face of the cheque are not

cancelled, then the cheque is called a __________.

a)

order cheque

b)

crossed cheque

c)

ante-dated cheque

d)

bearer cheque

2.

When the word “bearer” appearing on the face of the cheque is cancelled and when in its place the word “or order” is written on the face of cheque is called ___________.

a)

order cheque

b)

crossed cheque

c)

ante-dated chque

d)

bearer cheque

3.

Which means drawing two parallel lines on the face of cheque with or without additional word like “& co” or “account payee or Not Negotiable ____________.

a)

order cheque

b)

crossed cheque

c)

ante-dated cheque

d)

post dated cheque

4.

If any cheque bears a date earlier than the date on which is presented to the bank is called __________ .

a)

order cheque

b)

crossed cheque

c)

ante-dated cheque

d)

multi-dated cheque

5.

If any cheque bears a date which is yet to come then it is known as ___________ .

a)

order cheque

b)

multi-dated cheque

c)

ante-dated cheque

d)

post-dated cheque

6.

A cheque which is torn into two or more pieces and presented for payment, such a cheque is called __________ .

a)

stale cheque

b)

ante-dated cheque

c)

multi-dated cheque

d)

post-dated cheque

7.

If a cheque is presented for payment after three months from the date of the cheque written is called __________.

a)

stale cheque

b)

ante-dated cheque

c)

self cheque

d)

truncated cheque

8.

Which of the following cheques is written by the account holder as pay self to receive the money in the physical form from the branch where he holds his account?

a)

stale cheque

b)

multi-dated cheque

c)

self cheque

d)

truncated cheque

9.

Person named in the instrument to whom or to whose order the money is to be paid is known as _________ .

a)

Drawer

b)

Drawee

c)

Payer

d)

Payee

10.

Under which act is a cheque defined?

a)

Payment and Settlement Systems Act, 2007

b)

Reserve Bank of India Act, 1934

c)

Banking Regulation Act, 1949

d)

Negotiable Instruments Act, 1881

11.

A cheque is defined under ______ of Negotiable Instrument Act, 1881.

a)

Section 5

b)

Section 6

c)

Section 7

d)

Section 8

12.

A person who signs on the face of the cheque is known as ______.

a)

Drawee

b)

Beneficiary

c)

Payee

d)

Drawer

13.

In a cheque the amount written in figures (numbers) is called _____.

a)

Legal Amount

b)

Counting Amount

c)

Courtesy Amount

d)

Numbered Amount

14.

A cheque with date written on it 15-06-2021 is presented in a bank on 21-06-2021. This cheque is an example of _____.

a)

Post-dated cheque

b)

Ante-dated cheque

c)

Stale cheque

d)

None of these

15.

From which date, validity of cheques reduced from 6 months to 3 months?

a)

31-12-2018

b)

01-04-2012

c)

31-03-2020

d)

01-04-2010

16.

Full from of IFSC___________.

a)

International Financial System Code

b)

Indian Financial System Code

c)

Indian Foreign Service Code

d)

Internal Financial System Code

17.

A cheque which is highly secured type of cheque is called __________ .

a)

Bearer Cheque

b)

Order Cheque

c)

Crossed Cheque

d)

Account Payee Cheque

18.

MICR Code is a code printed on cheques using _________ Ink.

a)

Magnetic Ink

b)

Magic Ink

c)

Multi colour Ink

d)

Multi National Ink

19.

First 4 digits of IFSC Code represent __________. [Ex. BKID]

a)

City Code

b)

Bank Code

c)

Center Code

d)

Branch Code

20.

First 3 digits of MICR Code represent __________. [Ex. 360]

a)

City Code

b)

City Code

c)

Center Code

d)

Branch Code