payment of a cheque cannot be made on a cash counter of the bank if th | Examsbook

537

Q:
Payment of a cheque cannot be made on a cash counter of the bank if the cheque is:-

1
bearer
2
cross Cheque
3
order
4
all of the above

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Answer : 2. "cross Cheque"
Explanation :
A cross cheque is a cheque which has to be directly deposited in the bank account of the person so mentioned. It cannot be made payable over the counter.

Banks Gk Account and Finance Questions

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