BANKING GENERAL KNOWLEDGE
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
A banker is expected to honour the cheques within the specified banking hours as per section of Negotiable Instrument Act, 1881.
|
|
22
|
|
|
25
|
|
|
30
|
|
|
65
|
Explanation:
Detailed explanation-1: -Section 6 in The Negotiable Instruments Act, 1881.
Detailed explanation-2: -Section 13 of the Negotiable Instruments Act states that a negotiable instrument is a promissory note, bill of exchange or a cheque payable either to order or to bearer. Negotiable instruments recognised by statute are: (i) Promissory notes (ii) Bills of exchange (iii) Cheques.
Detailed explanation-3: -2[(2) A negotiable instrument may be made payable to two or more payees jointly, or it may be made payable in the alternative to one of two, or one or some of several payees.] (1) A “negotiable instrument” means a promissory note, bill of exchange or cheque payable either to order or to bearer.
There is 1 question to complete.