Bankers undertake the duty of collection of cheques and bills because......

Related MCQs

• In case of collection of cheques and bills, the relationship of the banker with the customer is that of
• The collecting banker is bound to show due care and carefulness in the collection of cheques presented to him.
• When financial institutions and banks undertake activities related to banking like investment, issue of debit and credit card etc then it is known as _____________________.
• The payment should be made when the cheques are presented for payment within a reasonable time after being drawn and during banking hours.
• It is a ----------------- obligation of a banker to honour the cheques of the customer drawn against current
• Which bank have given the instructions to the commercial banks regarding the immediate credit of outstation cheques?
• Section 45 of the Negotiable instruments Act, has imposed upon the banker the obligation to honour customers cheques.
• It is a ----------------- obligation of a banker to honour the cheques of the customer drawn against current account.
• Which of the following is/are true about bill of exchange? A) A bill of exchange requires in its inception two parties. B) A bill of exchange or “draft” is a written order by the drawer to the drawee to pay money to the payee. C) Bills of exchange are used primarily in international trade, and are written orders by one person to his bank to pay the bearer a specific sum on a specific date. D) Definition of ‘Bill of Exchange’ is mentioned in Section 6 of the Negotiable Instrument Act.
• Discounting of bills of exchange is