Challenger App

No.1 PSC Learning App

1M+ Downloads
Who among the following are allowed to cross a cheque ?

ADrawer

BCollecting Banker

CHolder

DAll of the above

Answer:

D. All of the above

Read Explanation:

Who can cross the cheque?

  • Drawer 

  • Holder 

  • Collecting Banker 

Double Crossing

  • Bears two special crossing 

  • Bank act as agent of the first Banker 


Related Questions:

If the Debtor, couldn't pay the bill on due date, such a bill is called ----.
The cheque which has a future date of issue on it and that which cannot be encashed is called ---.
An instrument in writing, which contains an unconditional order signed by the maker, directing a certain person to pay a certain sum of money, only to the order of a certain person, or to the bearer of the instrument.
Accepting a bill and making it payable at a bank is called ---.
A foreign bill is prepared in 3 sets, where each copy is called ---.