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If a crossed cheque is presented for pay...

If a crossed cheque is presented for payment

A

cash can be paid across the counter to the presenter.

B

cash and be paid across the counter to the account holder only.

C

it can be paid only through a banker.

D

it cannot be paid at all.

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Verified by Experts

The correct Answer is:
B
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  2. A traveller's cheque is

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  3. If a crossed cheque is presented for payment

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

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  5. What is a stale cheque?

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

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  7. Savings bank accounts are opened by

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

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

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

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

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  18. Finance Ministry has asked the Reserve Bank of India to allow common A...

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  19. Interest below which a bank is not expected to lend to customers is kn...

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  20. With effect from July 1, 2012, for calculation of lending rates, the R...

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