GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A cheque bearing the date earlier than the date of submission to the banks is known as____
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State Cheque
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Bearer Cheque
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Crossed Cheque
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Post Dated Cheque
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Explanation:
Detailed explanation-1: -A post-dated check (or post-dated cheque) is a check written with a future date. In other words, the date that appears on the check is after the date when the check was written. Even with a future date appearing on the check, the check could clear (be paid from) the bank account prior to that date.
Detailed explanation-2: -A post-dated cheque is a regular cheque where the writer specifies a future date on the cheque. They do that to ensure the payment is made to the payee on or after the stipulated date. This date can be any future date, depending on the needs of the individual or the company.
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