Vidyalelo
Commerce · Q764

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 764

Q764

Across the face of a cheque bears the words 'Peoples Bank'. What is its significance:

A.
it is an extraneous matter appearing on the cheque. Hence should be returned
B.
the cheque is specially crossed in favour of Peoples Bank
Answer
C.
it is not a crossing as it does not contain two parallel lines
D.
None of the above

Answer: Option B

Solution

Answer: Option B
No explanation is given for this question Let's Discuss on Board