Cashless Payment Methods

Q.

What is a receipt voucher?

Q. I have to pay the shopkeeper. So, on a paper I wrote the shopkeeper’s name, the amount I have to pay, the date, and put my signature. Now, when the shopkeeper deposits this paper in the bank, he will get the money written on the paper.

What is the piece of paper known as?

1. Credit
2. Loan
3. Terms of credit
4. Cheque

Q. Which of the following is a paper instructing the bank to pay a specific amount from one person's account to another person's account?

1. Loan
2. Cheque
3. Terms of credit
4. Credit

Q. Which of the following are the elements of a cheque?

1. Amount
   in words
2. Date
3. Name
4. Home address
5. Signature
6. Amount
   in digits
7. Photo
8. Account balance

Q. Which of the following information is to be filled while writing a cheque?

1. Amount to be paid
2. Address of the person writing the cheque
3. Signature of the person writing the cheque
4. Name of the person to whom the cheque is to be given

Q. Archana is a businessperson who makes transactions on the go. Which of the following instruments would come in handy while transacting funds to others' accounts?

1. Cheque
2. Demand deposit
3. Demand draft
4. Promissory note