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- 1. Multiple Choice
When the words “or bearer” appearing on the face of the cheque are not
cancelled, then the cheque is called a __________.
order cheque
crossed cheque
ante-dated cheque
bearer cheque
- 2. Multiple Choice
When the word “bearer” appearing on the face of the cheque is cancelled and when in its place the word “or order” is written on the face of cheque is called ___________.
order cheque
crossed cheque
ante-dated chque
bearer cheque
- 3. Multiple Choice
Which means drawing two parallel lines on the face of cheque with or without additional word like “& co” or “account payee or Not Negotiable ____________.
order cheque
crossed cheque
ante-dated cheque
post dated cheque
- 4. Multiple Choice
If any cheque bears a date earlier than the date on which is presented to the bank is called __________ .
order cheque
crossed cheque
ante-dated cheque
multi-dated cheque
- 5. Multiple Choice
If any cheque bears a date which is yet to come then it is known as ___________ .
order cheque
multi-dated cheque
ante-dated cheque
post-dated cheque
- 6. Multiple Choice
A cheque which is torn into two or more pieces and presented for payment, such a cheque is called __________ .
stale cheque
ante-dated cheque
multi-dated cheque
post-dated cheque
- 7. Multiple Choice
If a cheque is presented for payment after three months from the date of the cheque written is called __________.
stale cheque
ante-dated cheque
self cheque
truncated cheque
- 8. Multiple Choice
Which of the following cheques is written by the account holder as pay self to receive the money in the physical form from the branch where he holds his account?
stale cheque
multi-dated cheque
self cheque
truncated cheque
- 9. Multiple Choice
Person named in the instrument to whom or to whose order the money is to be paid is known as _________ .
Drawer
Drawee
Payer
Payee
- 10. Multiple Choice
Under which act is a cheque defined?
Payment and Settlement Systems Act, 2007
Reserve Bank of India Act, 1934
Banking Regulation Act, 1949
Negotiable Instruments Act, 1881
- 11. Multiple Choice
A cheque is defined under ______ of Negotiable Instrument Act, 1881.
Section 5
Section 6
Section 7
Section 8
- 12. Multiple Choice
A person who signs on the face of the cheque is known as ______.
Drawee
Beneficiary
Payee
Drawer
- 13. Multiple Choice
In a cheque the amount written in figures (numbers) is called _____.
Legal Amount
Counting Amount
Courtesy Amount
Numbered Amount
- 14. Multiple Choice
A cheque with date written on it 15-06-2021 is presented in a bank on 21-06-2021. This cheque is an example of _____.
Post-dated cheque
Ante-dated cheque
Stale cheque
None of these
- 15. Multiple Choice
From which date, validity of cheques reduced from 6 months to 3 months?
31-12-2018
01-04-2012
31-03-2020
01-04-2010
- 16. Multiple Choice
Full from of IFSC___________.
International Financial System Code
Indian Financial System Code
Indian Foreign Service Code
Internal Financial System Code
- 17. Multiple Choice
A cheque which is highly secured type of cheque is called __________ .
Bearer Cheque
Order Cheque
Crossed Cheque
Account Payee Cheque
- 18. Multiple Choice
MICR Code is a code printed on cheques using _________ Ink.
Magnetic Ink
Magic Ink
Multi colour Ink
Multi National Ink
- 19. Multiple Choice
First 4 digits of IFSC Code represent __________. [Ex. BKID]
City Code
Bank Code
Center Code
Branch Code
- 20. Multiple Choice
First 3 digits of MICR Code represent __________. [Ex. 360]
City Code
City Code
Center Code
Branch Code
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