Banking awareness quiz 37 (On Cheques)

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Q 1) What is an order to a bank to pay a stated sum from the drawer's account, written on a specially printed form ?

Commerical paper

Promissory note

Demand Draft

Cheque

Q 2) What is the name of the cheque which is payable to a person who so ever having it ?

Blank cheque

Bearer cheque

Stale cheque

order cheque

Q 3) What is the name of the cheque which is more than 3 months old ? ?

Multilated cheque

Open cheque

Stale cheque

crossed cheque

Q 4) What is name of the cheque which bears date later than date of issue ?

Stale cheque

Ante-dated cheque

Post-dated cheque

Order cheque

Q 5) MICR code is 9 digit code essential for Electonic clearing service(ECS) ,what is the format of MICR ?

city (5), bank name (2), branch name (2)

city (3), bank name (3), branch name (3)

bank name (3), city (3), branch name (3)

branch name (3) , bank name (3), city (3)

Q 6) What is known as alteration of date ,name of payee , sum payable on cheque ?

Cheque alteration

Material alteration

Instrument alteration

Negotiable alteration

Q 7) Which of the following is needed to prevent the cheque to fall into the hands of wrong or unauthorized patners ?

A/c payee only cheques

General crossing cheques

Special crossing cheques

All the above

Q 8) Which of the follwing is not special circumstace where bank can withheld payments ?

Insane customers

Rich customers

countermanding

insolvent drawers

Q 9) Which of the following is not a party of cheque ?

Drawer

Drawee

Payee

Writer

Q 10) CTS is used to digital image transfer of cheques between bank branches for clearing of cheques , What is the fullform of CTS ?

Cheque trasfer system

Cheque truncation system

Cheque truncation service

Cheque trasfer service

Take More Banking Awareness Quizzes from below

• Banking awareness quiz 42(On first time inventories in Banking History 2)
• Banking awareness quiz 41(On first time inventories in Banking History)
• Banking awareness quiz 40(On Bank Loans3)
• Banking awareness quiz 39(On Bank Loans2)
• Banking awareness quiz 38(On Bank Loans)

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