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Q. What do we mean by “ECB” in financial terms?

Q. The paying banker can get protection for a materially altered cheque provided __.

Q. According to Sec. ______, a banking company is not permitted to pay directly or indirectly by way of commission, brokerage, discount or remuneration on issues of its shares in excess of 2½% of the paid-up value of such shares.

Q. Special damages refers to damages payable by a banker to his customer for the actual ------------- loss suffered by customer.

Q. Which of the following is/are true about bill of exchange? A) A bill of exchange requires in its inception two parties. B) A bill of exchange or “draft” is a written order by the drawer to the drawee to pay money to the payee. C) Bills of exchange are used primarily in international trade, and are written orders by one person to his bank to pay the bearer a specific sum on a specific date. D) Definition of ‘Bill of Exchange’ is mentioned in Section 6 of the Negotiable Instrument Act.

Q. The paying banker is protected under following SECTION for payment of cheque with forged signature of the drawer.

Q. Unstamped document cannot be rectified in case of………..

Q. Services rendered by a banker not only to his customers, but also to the general public are called as

Q. In the case of a banking company incorporated outside India balance-sheet and profit and loss account shall be signed by _________ of the company.

Q. If cheque is crossed an account payee, this is direction of, ------------- to---------------.