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If a cheque is postdated, the bank on wh...

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

A

will not honor the cheque before the date of the cheque

B

has to honour the cheque before the date of the cheque

C

has the option of honour the cheque before the date of the cheque or not

D

has to refer to the court to honour the cheque before the date of the cheque

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Verified by Experts

The correct Answer is:
A
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  1. In a bank which of the following are the usual types of accounts?

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  2. Crossing of cheques makes them

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

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

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  5. A traveller's cheque is

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  6. If a crossed cheque is presented for payment

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

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  8. What is a stale cheque?

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

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  10. Savings bank accounts are opened by

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

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

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

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

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

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

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

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

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

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  20. Base Rate is the rate below which no Bank can allow their lending to a...

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