Top 50+ Solved Paying Banker MCQ Questions Answer
Q. Name the person to whom the amount of the cheque is payable?
a. Drawer.
b. Payee.
c. Drawee.
d. Acceptor
Q. A banker should not refuse payment of a cheque if ________.
a. The cheque is a post dated cheque.
b. The cheque is drawn on another branch of the same bank.
c. The cheque contains an apparent material alteration which is not properly authenticated by the drawer.
d. the cheque bears more than two endorsements
Q. The paying banker can get protection for a materially altered cheque provided __.
a. The alteration is not apparent.
b. He makes payment in due course.
c. The alteration is immaterial.
d. Both A and B
Q. The written instructions given by the customers to banker to perform the services like collection and payment of money is noted down in
a. Written Instructions Book
b. Standing Instructions Book
c. Banking Instructions Book
d. Services Instructions Book
Q. The paying banker who makes cash payment of a cross cheque at the counter shall be liable for the lossof
a. Drawer of the cheque
b. True owner of the cheque
c. Collecting banker
d. the First endorser
Q. The document which can be used only for making local payment is........
a. A cheque
b. A bill of exchange
c. A banker's cheque
d. A draft
Q. Not negotiable crossing is a warning to the...........
a. Paying banker
b. Collecting banker
c. Holder
d. (a) and (b) together
Q. To get statutory protection, paying banker must make:
a. Payment to a holder
b. Payment to a holder in due course
c. Payment in due course
d. Payment to a drawee in case of need
Q. Which of the following Committee recommended to form a new category of Bank Called PaymentBanks?
a. Gadgil Committee
b. M L Dhantwala Committee
c. Nachiket Mor Committee
d. P J Nayak Committee
Q. Which of the following permit cheque operation?
a. Savings bank accounts and fixed deposit accounts
b. Current accounts and fixed deposit accounts
c. Savings bank accounts and cash accounts
d. Savings bank accounts and current accounts
Q. What happens if a crossed cheque is presented for payment?
a. It can be paid only through a banker
b. It cannot be paid at all
c. It can be paid across the counter in another bank
d. None of the above
Q. The paying banker is protected under following SECTION for payment of cheque with forged signatureof the drawer.
a. Sec 89 of N.I act
b. sec 85[1] of N.I act
c. sec 131 of N.I act
d. no protection is available
Q. Which banker gets protection under section 85 of Negotiable Instrument Act, 1881?
a. Collecting banker.
b. Paying banker.
c. Issuing banker.
d. Both a and b.
Q. Protection to the Paying Bank in case of alteration in a cheque is available under.
a. Sec 85 of NI act
b. Sec 89 of NI act
c. Sec 90 of NI act
d. Sec 98 of NI act
Q. The paying banker is expected to pay the cheque to the genuine payee as per the direction of the drawer.
a. True
b. False
c. none
d. none