GK
BANKING AWARENESS AND SEBI
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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By crossing we mean :-
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two horizontal lines on a cheque
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one straight line across the cheque
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two lines across the cheque making ‘X’
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two transverse parallel lines on a cheque
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Explanation:
Detailed explanation-1: -A crossed cheque is a cheque that has been marked specifying an instruction on the way it is to be redeemed. A common instruction is for the cheque to be deposited directly to an account with a bank and not to be immediately cashed by the holder over the bank counter.
Detailed explanation-2: -The crossing of the cheque is an instruction to the paying banker to pay the amount to a specific person. The crossing of the cheque secures the payment by the banker. It conjointly traces the person, therefore, receiving the quantity of cheque.
There is 1 question to complete.