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Banking and Finance 3 MCQs: 184 Questions & Answers in Faculty

184 Banking and Finance 3 MCQs in Faculty with answers & explanations. Page 3. Practice objective questions for competitive exams, interviews & self-assessme… Use the answer toggle below to show or hide all solutions, tap an option to check one question, or open a question for its own page.

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Banking and Finance 3 MCQs: 184 Questions & Answers in Faculty

A collecting banker is given protection only when he collects

Bankers undertake the duty of collection of cheques and bills because......

The best answer for returning a cheque for want of funds in the account is.........

Who can file a criminal case against the drawer of a dishonored cheque?

A cheque has been deposited by a customer with his bank for collection. The bank allows overdraft against the security thereof. The bank becomes

In case collection of a bank draft the collecting banker is protected against conversion under _____ section of Negotiable Instruments Act 1881.

In case of collection of cheques and bills, the relationship of the banker with the customer is that of

If cheque is crossed an account payee, this is direction of, ------------- to---------------.

Which is India's first Payment bank?

Under what section of the Banking Regulation Act, 1949 the payments banks are licensed?

The paying banker is protected under following SECTION for payment of cheque with forged signature of the drawer.

What happens if a crossed cheque is presented for payment?

Which of the following permit cheque operation?

Which of the following Committee recommended to form a new category of Bank Called Payment Banks?

To get statutory protection, paying banker must make:

Not negotiable crossing is a warning to the...........

The document which can be used only for making local payment is........

The paying banker who makes cash payment of a cross cheque at the counter shall be liable for the loss of

The paying banker can get protection for a materially altered cheque provided __.

A banker should not refuse payment of a cheque if ________.

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