The right of set-off customers account can be exercised only by a-----

Related MCQs

• Services rendered by a banker not only to his customers, but also to the general public are called as
• The bank can consider ------------------ lien as their protection against loss on loan or overdraft which was given to its customers.
• In case of sufficiency of funds in the account of the drawer which can be properly used to pay the cheque, the banker must pay the cheque when required to do so.
• The written instructions given by the customers to banker to perform the services like collection and payment of money is noted down in
• Section 45 of the Negotiable instruments Act, has imposed upon the banker the obligation to honour customers cheques.
• The services rendered by a banker as an agent of his customers are called
• The written instructions given by the customers to banker to perform the services like collection and payment of money is noted down in
• The document which can be used only for making local payment is........
• In the case of a banking company incorporated outside India balance-sheet and profit and loss account shall be signed by _________ of the company.
• Which of the following is/are false about Dishonour of Cheque? A) Section 138 defines Dishonour of cheque for insufficiency, etc., of funds in the account. B) Such cheque has been presented to the bank within a period of twelve months from the date on which it is drawn or within the period of its validity, whichever is earlier C) Imprisonment for such offence may be extended for period of five year D) Section 138 apply unless – the drawer of such cheque fails to make the payment of the said amount of money to the payee or, as the case may be, to the holder in due course of the cheque, within fifteen days of the receipt of the said notice.