Exam 3: Banking and Negotiable Instrument

In terms of the N.I.Act, finder of a lost cheque is :

….........is a document issued by the bank acknowledge the receipt of a fixed sum of money on deposit.

Non-registration of a firm will affect in the following manner-

In periods of boom, which leads to economic instability, Reserve Bank resorts to

………….is a new scheme of deposit mobilization have been evolved by the Indian commercial banks.

Once a bearer instrument always a bearer instrument is true in case of

A mandate may continue to be operative even in the case of-

The charge created on a security of National Savings Certificate is -

Collection of cheques for customer is a………….function of bank.

Internet is the cheapest of all banking channels and helps banks to gain substantially in terms of………….cost.

Letter of Probate means-

Under Section 17 of the Banking Regulation Act 1949, every banking company incorporated in India is required to transfer each year to a reserve fund a sum equivalent to not less than

An order instrument can be made payable to the bearer by making

…………… constitute the largest source of funds for the banks

A bill should be presented for acceptance in case of insolvency of a drawee to

……are treated as negotiable instrument by usage or custom of trade.

Banker's lien is a type of security.

Negotiation-back implies

Drawing power in an account means

Negative lien means -