IMPORTANT QUESTIONS FOR SBI MAINS:

Q What is Order Cheque
A: A cheque which is payable to a particular person or his order is called an order cheque.
Q What is Bearer Cheque
A : A cheque which is payable to a person whosoever bears it , is called bearer cheque.
Q What is Blank Cheque
A : A cheque on which the drawer puts his signature and leaves all other columns blank is called a blank cheque.
Q What is Stale Cheque
A : The cheque which is more than three months old is a stale cheque.
Q What isMutilated Cheque
A: If a cheque is torn or broken , it is termed as mutilated cheque.
Q What is Post Dated Cheque
A: If a cheque bears a date later than the present date, it is termed as post dated cheque.
Q What is Open Cheque
A: A cheque which has not been crossed is called an open cheque.
Q What is Crossed Cheque
A: A cheque which carries two parallel lines across the face of the cheque , is called crossed cheque.

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