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

Q. There is legal obligation for a banker to collect the bills of exchange for its customer.

Q. In case of collection of cheques and bills, the relationship of the banker with the customer is that of

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. If a Minor draw, indorse, deliver and negotiate Negotiable Instruments, it binds __

Q. Discounting of bills of exchange is

Q. The right of set-off customers account can be exercised only by a-----

Q. An equitable mortgage can be created in respect of _______?

Q. The Reserve Bank of India is given the responsibility of regulating and supervising the _________ under Reserve Bank of India Act, 1934.

Q. The best answer for returning a cheque for want of funds in the account is.........