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Class 14
GENERAL KNOWLEDGE
Crossing of cheques makes them...

Crossing of cheques makes them

A

invalid document

B

ineligible ot endorse to a person other than the payee

C

remain the same in all respect, it is only a practice

D

eligible for payment irrespective of sufficient balance in the account

Text Solution

Verified by Experts

The correct Answer is:
B
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IBPS & SBI PREVIOUS YEAR PAPER-BANKING STRUCTURE & INSTRUMENT-MCQs
  1. A Savings Bank Account opened with a commerical bank with zero balance...

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  2. In a bank which of the following are the usual types of accounts?

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  3. Crossing of cheques makes them

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  4. If a cheque is postdated, the bank on which it is drawn

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  5. In which of the following accounts is operation by cheques permitted?

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  6. A traveller's cheque is

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  7. If a crossed cheque is presented for payment

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  8. Which of the following is not a salient feature of debit card?

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  9. What is a stale cheque?

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  10. Which of the following is not an electronic banking delivery channel?

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  11. Savings bank accounts are opened by

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  12. What does the letter 'L' stands for in the term LAF commonly used in f...

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  13. Which of the following terms is NOT used in baking/finance?

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  14. A type of fraud where in criminals use an innocent person's details to...

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  15. What does the letter 'L' stands for in the term LAF commonly used in f...

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  16. Bank branches which can undertake foreign exchange business directly a...

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  17. Which of the following types of accounts are known as 'Demat Accounts'...

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  18. With a view to facilitate payment of balance in the deposit account to...

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  19. The ministry of Finance recently released a comprehensive paper on Gov...

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  20. Which one of the following is not a 'Money Market Instrument'?

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