Negotiable Instruments

Negotiable Instruments
Safest cheque for making payment is
Bearer cheque
All of the above
Crossed cheque
Order cheque
Author: rikazzz Comment
Negotiable Instruments
Drawer and payee of inland promissory note belong to
Different countries
None of the above
Different cities
Same country
Author: rikazzz Comment
Negotiable Instruments
Who can endorse the cheque
Both a and b
Drawer of cheque
None of the above
Holder of cheque
Author: rikazzz Comment
Negotiable Instruments
Term or order is written in order cheque after
Payee’s name
Endorsee’s name
Drawer’s name
Drawee’s name
Author: rikazzz Comment
Negotiable Instruments
Cheque is a written order of customer to
Receive the amount
Transfer the amount
Pay the amount
Keep the amount
Author: rikazzz Comment
Negotiable Instruments
A cheque which cannot be cashed at bank’s counter
Bearer
Order
Crossed
None of the above
Author: rikazzz Comment
Negotiable Instruments
Bills of exchange is a written order which is always
Condition
All of the above
Unconditional
Partially conditional
Author: rikazzz Comment
Negotiable Instruments
Bill which is drawn without any trade transaction
Accommodation bill
Trade bill
Time bill
Sight bill
Author: rikazzz Comment
Negotiable Instruments
When cheque is cashed then its main foil is given to
Government
Bank
Customer
None of the above
Author: rikazzz Comment
Negotiable Instruments
Bank pays money at its counter for
Crossed cheque
Bearer cheque
Both a and b
Order cheque
Author: rikazzz Comment

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