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Q. RAM a transporter has been granted a loan for purchase of a truck. You will create which of the following charge.

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 document which can be used only for making local payment is........

Q. The most important feature of a negotiable instrument is

Q. Which section of Banking Regulation Act 1949 relates with the Power of Reserve Bank to issue directions in respect of stressed assets?

Q. A cheque dated subsequent to the date of its issue is

Q. The paying banker is expected to pay the cheque to the genuine payee as per the direction of the drawer.

Q. In case of banking company incorporated outside India, aggregate value of its paid-up capital and reserve shall not be less than Rs. __________.

Q. Managing agent includes

Q. What happens if a crossed cheque is presented for payment?