Tuesday, November 15, 2016

Banking Awareness Questions Free Download (Drive Link) Part - 2



1. When the words “or bearer” appearing on the face of the cheque are not cancelled, then the cheque is called a __________

A. Order Cheque

B. Crossed Cheque

C. Ante-Dated Cheque

D. Bearer Cheque

Answer & Explanation

D. Bearer Cheque

Explanation:

A bearer cheque can be issued to a third party in his name or in the name of the firm, who can draw the amount across the counter of the bank.

2. When the word “bearer” appearing on the face of a cheque is cancelled and when in its place the word “or order” is written on the face of cheque is called ____________

A. Order Cheque

B. Crossed Cheque

C. Ante-Dated Cheque

D. Bearer Cheque

Answer & Explanation

A. Order Cheque

Explanation:

When the word ―or bearer‖ printed on the cheque is cancelled and and the word  ̳order‘ may be written on the cheque, the cheque is called an order cheque. An order cheque is one which is payable to a particular person. The payee can transfer an order cheque to someone else by signing his or her name on the back of it.

3. Which means drawing two parallel lines on the face of cheque with or without additional words like “& CO” or “account payee” or “Not Negotiable”?

A. Order Cheque

B. Crossed Cheque

C. Ante-Dated Cheque

D. Post-Dated Cheque

Answer & Explanation

B. Crossed Cheque

Explanation:

Any cheque that is crossed with two parallel lines, either across the whole cheque or through the top left hand corner of the cheque is called crossed cheque. It has been marked to specify an instruction about the way it is to be redeemed.

4. If any cheque bears a date earlier than the date on which is presented to the bank is called ___________

A. Order Cheque

B. Crossed Cheque

C. Ante-Dated Cheque

D. Post-Dated Cheque

Answer & Explanation

C. Ante-Dated Cheque

Explanation:

An ante-dated cheque is one which bears a date earlier than the date of issue.

5. If any cheque bears a date which is yet to come then it is known as___________

A. Order Cheque

B. Mutilated Cheque

C. Ante-Dated Cheque

D. Post-Dated Cheque

Answer & Explanation

D. Post-Dated Cheque

Explanation:

post-dated cheque is a cheque written by the drawer (payer) for a date in the future.





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