A cheque in which bank makes cash payment to any one who presents cheque on the counter of the bank __________.

Cross cheque

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Demand cheque

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Order cheque

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Bearer cheque

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Open in App

Solution

The correct option is D Bearer cheque
A cheque in which bank makes cash payments to anyone who presents cheque on the counter of the bank is a Bearer cheque. It is payable to bearer i.e, anyone who presents it in the bank for encashment. Bearer cheques can be transferred by mere delivery.

Suggest Corrections

Similar questions

___cheque is a cheque which is payable to any person who presents it for payment at the bank counter.

Q. A crossed cheque is always payable across the bank counter.

Kumar finds that the bank balance shown by his cash book on December 31, 2010, is Rs. 90,600 (Credit) but the pass book shows a difference due to the following reason

A cheque (post dated) for Rs. 1,000 has been debited in the bank column of the cash book but not presented for payment. Also, a cheque for Rs. 8,000 drawn in favour of Manohar has not yet been presented for payment. Cheques totalling Rs. 1,500 deposited in the bank have not yet been collected and a cheque for Rs. 5,000 has been dishonoured.

Q. The bank statement shows as overdrawn balance of Rs. 2,000. A cheque for Rs. 500 drawn in favour of a credit has not yet been presented for payment. When the creditor presents the cheque for payment, the bank balance will be ___________ .

Kumar find that the bank balance shown by his cash book on December 31, 2017 is Rs 90,600 (Credit) but the passbook shows a difference due to the following reason:

A cheque (post dated) for Rs 1,000 has been debited in the bank column of the cash book but not presented for payment. Also, a cheque for Rs 8,000 drawn in favour of Manohar has not yet been presented for payment. Cheques totaling Rs 1,500 deposited in the bank have not yet been collected and cheque for Rs 5,000 has been dishonoured.

Join BYJU'S Learning Program

A cheque in which bank makes cash payment to any one who presents cheque on the counter of the bank __________.

The correct option is D Bearer chequeA cheque in which bank makes cash payments to anyone who presents cheque on the counter of the bank is a Bearer cheque. It is payable to bearer i.e, anyone who presents it in the bank for encashment. Bearer cheques can be transferred by mere delivery.

The correct option is D Bearer cheque
A cheque in which bank makes cash payments to anyone who presents cheque on the counter of the bank is a Bearer cheque. It is payable to bearer i.e, anyone who presents it in the bank for encashment. Bearer cheques can be transferred by mere delivery.