Class 11 Finance MCQ Chapter 14 Crossing of Cheque Solutions in English Medium to each chapter is provided in the list so that you can easily browse through different chapters Class 11 Finance MCQ Chapter 14 Crossing of Cheque Question Answer and select need one. Class 11 Finance MCQ Chapter 14 Crossing of Cheque Solutions Download PDF. AHSEC Class 11 Banking Multiple Choice Solutions.
Class 11 Finance MCQ Chapter 14 Crossing of Cheque
Also, you can read the NCERT book online in these sections Solutions by Expert Teachers as per Central Board of Secondary Education (CBSE) Book guidelines. AHSEC Class 11 Finance Objective Type Solutions are part of All Subject Solutions. Here we have given HS 1st Year Banking Multiple Choice Question and Answer, HS First Year Banking MCQ Solutions for All Chapters, You can practice these here.
Crossing of Cheque
Chapter: 14
| MCQ |
1. Who can cross a cheque?
(i) Drawer.
(ii) Payee.
(iii) Bank.
(iv) Endorsee.
Ans: (i) Drawer.
2. What is the main purpose of crossing a cheque?
(i) To make it negotiable.
(ii) To ensure payment to the right owner.
(iii) To endorse the cheque.
(iv) To cancel the cheque.
Ans: (ii) To ensure payment to the right owner.
3. What is the symbol used for crossing a cheque?
(i) A single line.
(ii) Two parallel transverse lines.
(iii) A circle.
(iv) A square.
Ans: (ii) Two parallel transverse lines.
4. Who can collect the payment of a crossed cheque?
(i) The drawer.
(ii) Any holder.
(iii) Only a bank.
(iv) The endorsee.
Ans: (iii) Only a bank.
5. What is a key feature of general crossing of a cheque?
(i) Two parallel and transverse lines.
(ii) A single horizontal line.
(iii) Diagonal lines.
(iv) No lines at all.
Ans: (i) Two parallel and transverse lines.
6. What additional words may be written between the two parallel lines of a crossed cheque?
(i) “Payable to Bank Only”.
(ii) “And Company” or its abbreviation.
(iii) “Not Negotiable”.
(iv) “Cheque for Account Use Only”.
Ans: (ii) “And Company” or its abbreviation.
7. What is the key feature of a special crossing of a cheque?
(i) Two parallel lines and a banker’s name.
(ii) Only the banker’s name written.
(iii) Only two parallel lines drawn.
(iv) The words ‘Not Negotiable’ added.
Ans: (ii) Only the banker’s name written.
8. What can be added to a special crossing of a cheque?
(i) Two parallel transverse lines only.
(ii) The words “For Deposit Only”.
(iii) The words “Not Negotiable”.
(iv) The words “Payable at XYZ Branch”.
Ans: (iii) The words “Not Negotiable”.
9. What constitutes a special crossing on a cheque?
(i) Two parallel transverse lines.
(ii) A banker’s name written across the cheque.
(iii) The words “Not Negotiable”.
(iv) The words “Pay to XYZ Bank”.
Ans: (ii) A banker’s name written across the cheque.
10. In special crossing, where are the parallel transverse lines and the words ‘Not Negotiable’ placed?
(i) They are not necessary for special crossing.
(ii) On the right side of the cheque.
(iii) At the bottom of the cheque.
(iv) Anywhere on the cheque, as long as it does not obscure the number.
Ans: (i) They are not necessary for special crossing.
11. Which of the following is an example of an account payee crossing?
(i) Payee’s A/c State Bank of India.
(ii) State Bank of India.
(iii) State Bank of India Not Negotiable.
(iv) Not Negotiable State Bank of India.
Ans: (i) Payee’s A/c State Bank of India.
12. What does Special Crossing of a cheque involve?
(i) A cheque bearing two parallel transverse lines.
(ii) A cheque with the words “A/c Payee” added.
(iii) A cheque with the name of a bank written across its face.
(iv) A cheque with the words “Not Negotiable”.
Ans: (iii) A cheque with the name of a bank written across its face.
13. What is General Crossing of a cheque?
(i) A cheque bearing the name of a bank.
(ii) A cheque with two parallel transverse lines, with or without words.
(iii) A cheque with the words “A/c Payee” added.
(iv) A cheque with the words “Not Negotiable”.
Ans: (ii) A cheque with two parallel transverse lines, with or without words.
14. Who can make an endorsement on an instrument?
(i) Anyone.
(ii) A stranger to the instrument.
(iii) Only the holder of the instrument.
(iv) A person who has signed the instrument.
Ans: (iii) Only the holder of the instrument.
15. Who must deliver the instrument for the endorsement to be valid?
(i) Any party involved in the transaction
(ii) The endorser himself.
(iii) A third party.
(iv) The paying banker.
Ans: (ii) The endorser himself.
