Challenger App

No.1 PSC Learning App

1M+ Downloads
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

Answer:

B. Limited to presenting bills and collecting funds as instructed

Read Explanation:

.


Related Questions:

The banking business that does not disclose to the government is known as ---.
Who developed the QR Code and in which year?
The frequency of STR or CTR reporting is governed by:
--- is a method of creating change on immovable properties like land and building.
When was RuPay officially launched?