Multiple Choice
A bill should be presented for acceptance in case of insolvency of a drawee to
A) official receiver
B) drawee in case of need
C) acceptor for honour
D) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
Q10: Internet is the cheapest of all banking
Q11: Letter of Probate means-<br>A)a letter attached with
Q12: Under Section 17 of the Banking Regulation
Q13: An order instrument can be made payable
Q14: …………… constitute the largest source of funds
Q16: ……are treated as negotiable instrument by usage
Q17: Banker's lien is a type of security.<br>A)hypothecated<br>B)mortgaged<br>C)impli<br>D)pledge
Q18: Negotiation-back implies<br>A)return of the instrument back of
Q19: Drawing power in an account means<br>A)limit sanctioned<br>B)value
Q20: Negative lien means -<br>A)a declaration by a