Question

A cheque on which two parallel lines are drawn in the left top corner is called –
(a) Bearer cheque
(b) Traveller’s cheque
(c) Account payee cheque
(d) None of these

Answer 1

Answer:

(d) None of these

Explanation:

A cheque on which two parallel lines are drawn in the left top corner is called a crossed cheque. This double-line notation signifies that the check may only be deposited directly into a bank account.

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Answer 2

ANSWER :

★ Option (d) None of these

• ✎ A cheque on which two parallel lines are drawn in the left top corner is called Crossed Cheque which is not in the given options. So, None of these will be the correct option.

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EXPLANATION :

We know that,

• ⊚ Bearer Cheque : A bearer cheque is the cheque which is payable to any person who present it for payment over the counter of the bank. In other words, a bearer cheque is the cheque which is payable by the banker to the person named on the cheque or any other bearer of the cheque.

• ⊚ Traveller's Cheque : Traveller's cheque is type of cheque and considered as fixed denomination note which is used for a medium of exchange in place of hard currency by travellers.

• ⊚ Account Payee Cheque : An account payee cheque is the cheque which can be deposited in the account of the payee and cannot be endorsed to anyone else. Here, payee is the party whose name is mentioned on the cheque and to whom the final payment is supposed to be made.

Since, none of these option means a cheque on which two parallel lines are drawn in the left top corner. hence, the correct option is None of these.