EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
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If a duplicate DD is not issued within a stipulated time, interest applicable for Term Deposit for the corresponding maturity is required to be paid.

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Important Questions on Banking Law and Practice

EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 8
The bank draft can be issued by accepting cash provided the amount is less than Rs _____.
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 9
The bank draft can be paid in cash provided the amount is less than Rs _____.
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 10
An original draft is reported as lost. Its duplicate is issued and is presented in a clearing. It is found by the drawee branch that the original draft is already paid in bank's records:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 11
X purchased draft in favour of UPSC and after some time he approached the bank for cancellation.The draft bears endorsement of the payee also:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 12
A draft presented for payment through clearing is unsigned.The bank:
MEDIUM
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 13
Bank drafts are issued by banks payable to order only and not payable to bearer_____.
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 14
If a DD is up to Rs.5000 in favor of govt. the department, and not older than 2 years, it can be paid, without revalidation, although after 3 months a normal DD requires re-validation. The given statement is _____.
EASY
Bihar Cooperative Bank Assistant Mains
IMPORTANT
Hand Book Of Banking Information>Chapter 4 - Banking Law and Practice>TEST YOUR SELF>Q 15
Duplicate DD up to Rs.5000 is to be issued without obtaining non-payment advice from the drawee branch. The given statement is _____.