Large amounts of cheques are processed by using

Related MCQs

• Magnetic Ink Character Recognition (MICR) is a 9 digits code is used mainly by the banking industry to ease the processing and clearance of cheques and other documents. The first three digits represent the .
• What is the name of technology given to the recently introduced computerised clearance of cheques:
• In which of the following accounts, operation by cheques is permitted?
• Accounts are allowed to be operated by cheques in respect of?
• Short-term assets, representing amounts due to a vendor or suppliers of goods or services that were sold on credit terms is known as .
• ASBA (Application Supported by Blocked Amounts) used with the help of banks associated with
• Loan of very small amounts given to low income groups is called
• Loans of very small amounts given to low income groups is called                  
• Loan of very small amounts given to low income groups is called ?
• Those amounts due to vendors or suppliers that must be paid within one year is known as: