Question

_________ is used by the account holder for immediate withdrawal of cash.

• A. Order cheque
• B. Crossed cheque
• C. A/c payee cheque
• D. Bearer cheque

Answer 1

The correct option is D Bearer cheque

There are different types of cheques like bearer cheque, crossed cheque, order cheques, blank cheque, etc.

A bearer cheque is the one where the amount is paid to the bearer of the cheque over the counter by the bank. It is considered as the most unsafe method of issuing cheque as the amount is given in the hands of the bearer without of much of verification.