Anyone who has cleared level I for IBP diploma

[Mahtab]

Page 16
14.4 Component of a general Crossing
Q.3 State True or False give brief reason for your selection at the space provided below the question. (20) (Summer-2006
xii. A cheque bearing across its face a bank’s name is called “crossed generally”
14.5 Special Crossing
Q.2 Please write the alphabet of selected answer in the given space (20) (Winter-2006)
xii Where a cheque is cross specially to more than one banker, except when banker acts an agent for collection for the other
A) The collecting banker should refuse to collect such a cheque
B) The paying banker should refuse to payment of such a cheque
C) Both A & B D) None of the above
14.6 Difference between ‘General’ and ‘Special’ Crossings
14.7 “Not Negotiable”
14.8 “Account Payee”
Q.3 State True or False give brief reason for your selection at the space provided below the question. (20) (Summer-2006)
x. A cheque crossed “Account Payee” remains negotiable
14.9 Purpose and benefits of Crossing
14.10 Who can Cross a Cheque
14.11 Duties of a Bank with regard to Crossed Cheques
14.12 Protection to a bank paying a Crossed Cheque
14.13 Who can Open a Crossing on a Cheque
14.14 Indorsements
Q.3 State True or False give brief reason for your selection (30) (Winter-2006
xxvi Signature and endorsement means one and the same thing.
14.15 Types of Indorsements
Q.1 Fill in the blanks (10)(Summer-2006) h. An indorsement is said to be __________if the endorser signs his name only;
14.15.1 “In blank”
14.15.2 “In full”
14.15.3 Conditional
14.15.4 Restrictive
14.15.5 Partial
Q.3 State True or False give brief reason for your selection at the space provided below the question. (20) (Summer-2006)
xv. “Pay to Mr. Y only” is a special endorsement
14.16 Who can Indorse?
14.16.1 Indorsements by individual
Q.4 State “Yes” or “No” give brief reason for your selection at the space provided below the question. (10) Summer-2006
vi. A bonafide payee, holder of an order instrument can indorse as an individual.
Q.3 State True or False give brief reason for your selection (30) (Winter-2006
xxviii An illiterate person cannot indorse a cheque.
14.16.2 Indorsements by Agents for individuals
14.16.3 Indorsement by a Firm as the agent to an individual