A draft issued by the bank has been lost by the payee. He sends a letter to the issuing bank to stop payment. Bank will:
A. note caution and will advise the payee to contact purchaser of the draft
B. not act on the request
C. stop payment
D. None of the above
Answer: Option A
This Question Belongs to Commerce >> Banking And Financial Institutions
Related Questions on Banking and Financial Institutions
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 2 and 4
D. 1, 2, 3 and 4
The coverage of Right to Information Act (RTI), 2005 is:
A. Whole of India
B. Whole of India, except North Eastern States
C. Whole of India, except the State of Jammu & Kashmir
D. None of the above
Second generation reforms in our country do not comprise of which one of the following?
A. Exploiting the knowledge based global economy
B. Growing Indian transnational corporations
C. Population control measures
D. Clean environment
Join The Discussion