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A ______ is one which is not payable across the counter of the bank. It can be collected only through a bank. - Commercial Applications

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Question

A ______ is one which is not payable across the counter of the bank. It can be collected only through a bank.

Options

  • Open cheque

  • Pay-in slip

  • Crossed cheque

  • Bank draft

MCQ
Fill in the Blanks

Solution

Crossed cheque is one which is not payable across the counter of the bank. It can be collected only through a bank.

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Types of Cheques
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Chapter 7: Banking and Bank Transactions - EXERCISES [Page 124]

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Goyal Brothers Prakashan Commercial Applications [English] Class 10 ICSE
Chapter 7 Banking and Bank Transactions
EXERCISES | Q 22. | Page 124
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