aliensbrain
  • Home
  • Study
  • Quizzes
  • 🎤AI Practicefree
  • Notebooks
  • Community
  • Sign in
  • Legal and Regulatory Aspects of Bank (JAIIB)- 5
  • The law relating to the payment of cheques and protection...
Multiple choice

The law relating to the payment of cheques and protection to a banker is contained in

  1. Indian Contract Act

  2. Reserve Bank of India Act

  3. Negotiable Instruments Act

  4. Banking Regulation Act

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The law relating to cheques and protection to bankers is contained in the Negotiable Instruments Act, 1881.

Keep practicing — related questions

  • The duties of collecting bank to claim protection has been laid down under the
  • A local trader decided to reduce goods and service tax levied on wheat so that its cost is reduced by 23.84...
  • Section 131A of the Negotiable Instruments Act extends the protection granted to a banker while
  • X is issued a cheque of Rs. 22000 payable to B on order. The cheque is misplaced and found by C. C forges B...
  • Section ________ of the Banking Regulations Act, 1949 defines banking as accepting for the purpose of lendi...
  • Which of the following acts are meant to regulate the Indian banking system?
  • X is issued a cheque of Rs. 32000 payable to B or order. The cheque is misplaced and is found by C. C forge...
  • A payee’s account crossed cheque in favour of X is presented by bank B to the drawee bank A for payment. Th...
Play the full quiz 🎤 Practise this topic out loud

Practice this topic

  • Banking Regulation and Monetary Policy (1219 questions)
Advertisement
© Aliensbrain | all rights reserved
  • About
  • Contact
  • Terms and Condition
  • Privacy Policy