A bank’s authority when collecting bills of exchange is usually:
AUnlimited, including endorsing bills
BLimited to presenting bills and collecting funds as instructed
CGuaranteeing payment to payees
DNegotiating independently without consent
No.1 PSC Learning App
★
★
★
★
★
Related Questions:
Which of these is a direct outcome of PMLA enforcement?
Who was the 3rd Governor of RBI ?
Who can be the nominee for and FCNR(B) account?
What collaborative step was taken by the Ministry of Finance, RBI, and NPCI in June 2025?
Which of the following pairs is correctly matched with respect to capital or paid up capital requirements? Institution Minimum Paid-Up / Initial Capital Requirement
Local Area Bank ₹5 crore
Small Finance Bank ₹300 crore (revised)
Payment Bank ₹100-200 crore
All of the above
Choose the correct option: