App Logo

No.1 PSC Learning App

1M+ Downloads
The certificate issued by the Notary public on behalf of a dishonoured bill is known as..............

AGarnishee

BProtest

CAllongue

DNone of these

Answer:

B. Protest

Read Explanation:

Protest:

  • The certificate issued by a notary public stating the cause for dishonour of a bill is called protest.

  • Noting and protest is must for "Foreign bills". 

  • Noting and protest can be done by notary public 

  • Noting charges is an expenses to the acceptor (Drawee) but it is paid by the drawer at the time of Noting and later it is claimed from the drawee. 

  • Noting charges is neither a gain nor loss to the drawer 


Related Questions:

The Reserve Fund is appropriated from
Cost of goods sold plus gross profit is equal to :
Revenue receipts are shown in the ___________
Adjustments column in day book are used to record _______ transactions
An account which represents a person is termed as ________