Question

LEGAL & REGULATORY
ASPECTS OF BANKING​

Answer 1

Answer:

100 Basics of Legal and Regulatory Aspects of Banking - JAIIB

Legal & Regulatory aspects of Banking

JAIIB Exam Study Material: 100 Basics of Legal and Regulatory Aspects of Banking - JAIIB

01. In the case of a bearer cheque, the identity is not necessary

02. When an order cheque is endorsed in blank, it becomes payable to bearer and transferable by mere delivery

03. A cheque crossed “Not Negotiable”, is still transferable

04. As per section 138 of Negotiable Instruments Act, there is a provision of penalty when the cheque issued in discharge of a liability is dishonoured due to insufficient funds in the account, subject to the condition that the cheque has been presented to the bank within a period of three months and is not honoured due to insufficient funds

05. A fixed deposit receipt cannot be endorsed

06. A cheque is presented in an account but there is no sufficient balance to meet the same. The cheque will be returned with the remarks – insufficient funds

07. The cheque on behalf of a partnership firm can be stopped for payment by any partner whether authorized to operate the account or not

08. The marginal farmer is one who possesses agriculture land upto 1.25 acres of irrigated land or 2.5 acres of non-irrigated land

Answer 2

Answer:

nothing

Explanation:

ya something or nothing.....