Top 50+ Solved Collecting Banker MCQ Questions Answer
From 1 to 10 of 10
Q. Collecting a cheque payable to the firm to the private account of a partner without enquiryconstitutes.......
a. gross negligence
b. Negligence under remote grounds
c. Negligence connected with immediate collection of a cheque
d. Contributory Negligence
Q. A Collecting banker is given the statutory protection only when he acts as...
a. A banker
b. A holder for value
c. A holder in due course
d. An agent
Q. To get protection under Sec 131 of NI Act collecting banker should collect the cheque
a. crossed generally
b. crossed specially
c. 1 or 2
d. crossed a/c payee
Q. The endorsement on the cheque is fictitious and the collecting banker failed to check it the cheque ispaid by the paying banker
a. collecting banker is not protected
b. paying banker is protected
c. collecting banker & paying banker are protected
d. both are not protected
Q. In case of wrongful dishonour of a cheque by the banker
a. the holder can claim from drawee bank
b. the holder can claim from collecting bank
c. the remedy for holder is against drawer
d. holder can claim from drawee bank, collecting bank, drawer
Q. The collecting banker is bound to show due care and carefulness in the collection of cheques presentedto him.
a. True
b. False
c. none
d. none
Q. In case a collecting banker has realized the cheque, he should pay the interest to the customer as perhis (customer’s) direction.
a. True
b. False
c. none
d. none
Q. There is legal obligation for a banker to collect the bills of exchange for its customer.
a. True
b. False
c. none
d. none
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