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sans recourse endorsement means mcq

B. July 1973 A. IRDA Conversion of endorsement in Blank to 97. Blank endorsement is otherwise called as D Sans frais endorsement. 71. B. ANSWER: C D. Both A & B —— is an endorsement in which the endorser merely signs his name on the back of the instrument without ANSWER: C It may be written on the face of the bill or as an endorsement. Neutral Electronic Fund Transfer B. A bank endorsement is a guarantee by a bank confirming that it will uphold a check or other negotiable instrument, such as a banker's acceptance, from one of its customers. a)Blank endorsement. A may sign on the instrument as endorser with direction to make payment to Mr. Home Banking A. without recourse. KYC means ANSWER: B It is unusual for a bank to accept a check that has the words "without recourse" in the endorsement … Sans Recourse endorsement The endorser excludes his liability and in case of dishonor, endorser will not be liable for payment. 73. Mr. C or Order, Sans Recourse. negotiable instrument if payable to bearer can be negotiated by merely delivery B. endorsement can make the direction on the instrument above the signature of the in possession and as holder of the instrument cannot further negotiate it. ANSWER: B Daily Quiz (current) Current Affairs; Jobs; Mock Test; Buy Current Affairs PDF 2020. An order cheque can be converted into a bearer cheque by means of - This objective type question with answer for competitive exams is provided by Gkseries. B. bearer documents C. Nominal Electronic Fund Transfer endorsement in full: The holder of an instrument bearing blank (1) (1) With recourse and without recourse are two terms defining whether or not the paying bank shall claim refund from the beneficiary in case it could not get reimbursement from the issuing bank. D. Account payee crossing 90. Writes above his Section 10 D. Lower Crossing 63. A. C. Promissory Note ANSWER: B There are six Kinds of Endorsement i) Endorsement in Blank / General ii) Endorsement in Full / Special iii) Conditional Endorsement iv) Restrictive Endorsement v) Endorsement Sans Recourse vi) Facultative Endorsement. Endorsement signifies that the C. Three A. Sans Recourse or Sans Frais Endorsement This means ‘without recourse to me’. D. Security Safety System ANSWER: D 5. Personal Instruction Number SWIFT Drawing of two parallel transverse lines on the face of the cheque is called Four B. For example, ”Pay to Mr. X or order – Notice of dishonour waived.” 6.5% A. ——— credit refers to a series of electronic payment instructions that are generated to replace proper D. All the above Download PDF. A. Current CRR is bill of exchange or cheque is transferred to another person so as to constitute D. Unsecured advance Endorsement 'Without Recourse' Answered by: Ken Golliher. D. 2000 Know Your Cost Professional 1994 10 Lakhs Special crossing Official liquidator 2. Consumer Rate Mechanism D. None of the above Negotiated Dealing System Special endorsement Know Your Card Pay to Mr. Recourse definition is - a turning to someone or something for help or protection. A. These endorsements make it restrictive and Mr. Avinash indorsement: A signature on a Commercial Paper or document. 74. Who can cancel the crossing on a cheque? C. Qualified Endorsement b)Restrictive endorsement. Blank Endorsement – Where the endorser signs his name only, and it becomes payable to bearer. Core banking is a __________ branch computerization model instruments. without recourse to me — Same as without recourse … Ballentine's law dictionary. C. Banking True owner of the cheque 65. ____ is the result of combining technology and traditional bank services through websites that customers TransLiteral Foundation. If no space is left on the Cheque, the Endorsement may be made on a separate slip to be attached to the Cheque. negotiable instrument is its negotiability. Sans Recourse Endorsement: By adding the words like “Pay Bhallaladeva or order without recourse to me” the endorser excludes his liability. Expand NEFT KMSpico is the most successful, frequently updated and 100% clean tool to permanently activate any version of Windows or Microsoft office within matter of seconds. A. ANSWER: D can be negotiated by simple delivery or by an endorsement and delivery. D. Modern Banking C. T-Banking B. ; Restrictive Endorsement – Which restricts further negotiation. D. Lower Crossing C. 6% A. Internet Banking A. Restrictive Endorsement B Special endorsement. A. Manometrics mentioning the name of the person to whom the instrument is endorsed Security Settlement System Clean advance Cette documentation donne des idées pédagogiques et des suggestions pour enseigner aux enfants plus jeunes et plus âgés des classes de la Primaire les événements et les principes doctrinaux qui se trouvent dans Le Livre de Mormon. C. Endorser C. On-site C. Order cheque C. Credit market 4% D. Electronic Conversion Systems Endorsement ‘Sans Recourse. D. Hospitalized A. E-banking These picks are the best way to spend your hard-earned cash. C. Bank of Bambay Endorsement of Instruments Types of Endorsement. ANSWER: A ANSWER: D — which provides for screen based trading of government securities Government of India In a few cases, the checks are made payable without recourse. 82. C. Processing computer system C. Upper Crossing (4) Restrictive. B. In which year, Electronic Fund Transfer (EFT) was launched in India? Eg- Pay to A or order Sans Recourse endorsement 14. ANSWER: C 17. whereas instrument payable to order can be negotiated by endorsement followed C. Unified 5 Lakhs ; Partial Endorsement – Which … Endorsement Sans Recourse (Without liability Section 52): Sans Recourse which means without recourse or reference. Banking transaction that takes placed in a virtual ambience on the website of a banking company is termed ANSWER: D B. B. When the endorser expressly excludes his own liability on the negotiable instrument to the endorsee or any subsequent holder in case of dishonour of the instrument, the endorsement is known as ‘sans recourse’ endorsement. D. 5.4 What is the meaning of endorsement in banking? Facultative Endorsement: When an … Electronic Payment System D. Rs. 56. ANSWER: C as An order cheque can be converted into a bearer cheque by means of [A] Sans recourse endorsement [B] Special endorsement [C] Blank endorsement [D] Sans frais endorsement; Answer: Option [C] 38. operated through fully computer-integrated telephone system A. 11) Match the following: i)IRDA A) Insurance. A. C Blank endorsement. Free Download PDF of Banking Law Multiple Choice Questions (MCQs) with Answers as per exam pattern, to help you in day to day learning. Such endorsement is called `Endorsement Sans Recourse’. A. D. 7.5% B endorses it to C and C to A. A. ANSWER: C To facilitate the growth in government securities market and for smoother trading, RBI introduced a ——- Bill of Exchange ii)Garnishee Order B) Judgement debtor B. Telephone Banking has found a high level of acceptability especially among ———– level of people In which system computers are based on the centralized processing concept? If no space is left on the Cheque, the Endorsement may be made on a separate slip to be attached to the Cheque. C. 6.25% But, he does not want any additional expenditures like noting and protesting charges to be borne by him. B. ANSWER: B international financial transaction It is a process of affirming the negotiable instrument signed by the drawer (the endorser) for the reason of negotiation, and the receiver of the instrument is known as a drawer (endorsee). without recourse): The endorsement which relieves the holder of the bill from any liability to all subsequent endorsees due to dishonour of bill is called endorsement sans recourse. Lobby Without Recourse: A note sold “without recourse” means that the note seller doesn’t have to be on the hook for the money if the payments stop coming in. 52): When the endorser expressly excludes his own liability on the negotiable instrument to the endorsee or any subsequent holder in case of dishonour of the instrument, the endorsement is known as ‘sans recourse’ endorsement. stock company, trust etc. biological attributes of a bonafide person If the holder of the instrument is a joint 78. 62. previous endorsee (i.e. C. Centralized Fund Management Systems ANSWER: D Qualified Endorsement Illustration: (a) Pay Z or order without recourse to me (b) Pay Z or order Sans Recourse. Endorsement ‘Sans Recourse’: Sans Recourse means without reference. General crossing A. Branch A. of property in the instrument can we transferred to another person. 14. to bearer and no further endorsement is required for its negotiation. Definition and Explanation of Endorsement: If the holder of the bill puts his signature on the back of the bill with a view to transfer the property contained in it (right to receive money from the acceptor), then he becomes endorser, and the person to whom the bill of exchange is transferred will become endorsee. Sans recourse endorsement It is an endorsement which limits the liability of the endorser. John Doe conditionally endorses the check as “Payable to Billy Cooper upon satisfactory completion of drywall job, (signed) John Doe.” For this item, a condition must be met in order for the check to be negotiated further, i.e. Maximum limit on the amount of individual transactions permitted for fund transfer per transaction is B. A. Off-site D. Natural Electronic Fund Transfer 85. Such an endorsement is generally made by adding the words ‘sans recourse’ or ‘without recourse.’. 77. It is caution to endorsee. Special crossing ANSWER: D A. Blank Endorsement B. C. Rs. ANSWER: A Definition: Endorsement comes under Negotiable Instrument Act, 1881. B. that person the holder of the instrument is said to be negotiated. It is a type of endorsement when the endorser just signs on the instrument without mentioning the name of the person in whose favour the endorsement is made. Always believe "The only good is knowledge and the only evil is ignorance - Socrates", General Knowledge Questions and Answers – 21, General Knowledge Questions and Answers – 20, General Knowledge Questions and Answers – 19. as follows, For self and for The paying banker who makes cash payment of a cross cheque at the counter shall be liable for the loss of Real Turn Gross Settlement 72. B. A. April 1973 Avinash for my use only. Such an endorsement is generally made by adding the words ‘sans recourse’ or ‘without recourse.’ Thus, “Pay X or order sans recourse” or “Pay X without recourse to me” or “Pay X or order at his own risk” is examples of this type of endorsement. Banking means acceptance of _____ for the purpose of lending and _____u/s _____ of Banking ... Pay to X without my responsibility – sans recourse endorsement 31. endorsement is sans recourse. An endorsement that says the endorser will not like to incur any liability in the event that document just isn't honoured. D. Share warrant C. Know Your Customer B. B. Enquiry centre The term "without recourse" transfers liability to the bank rather than the depositor. 3. A. (EU Exit) Regulations 2019, as the case may be. Cash withdrawal 2 Lakhs B. Bonametrics D. All of the above Legally, such endorsements are not valid. 66. sans recourse: không có quyền truy sách; sự khấu trừ : truy đòi: direct recourse: quyền truy đòi trực tiếp; draft with recourse: hối phiếu có quyền truy đòi; draft without recourse: hối phiếu không có quyền truy đòi; drawing without recourse clause: điều khoản ký phát (hối phiếu) không có quyền truy đòi; effective recourse: sự truy đ� The endorsement may be known as Sans Recourse endorsement. As such a when the property in a negotiable instrument is transferred sans recourse, the endorser, negatives his liability and excludes himself from responsibility to all subsequent endorsees. The instrument 89. A. Rs. facility by a customer Bank Promotion Study (BPS) provides bank staff all the online study material for JAIIB Exam, CAIIB Exam and for promotion exam to various cadre in bank from officer scale 1 to scale 5 in various PSBs, private banks and RRBs including interview tips. obtain an approval for the same from The endorser can insert a stipulation in his endorsement negotiating or limiting his ability. A. Uncrossed cheque D. Funds transfer facility Garnishee Order is issued by ......... and bank is ……..of the Jud... One of the special characteristic of a This endorsement is known as. D. Personal Information Number Five Additionally, it is called without recourse or at the endorsee’s own risk. Endorsement ‘Sans Recourse. An order cheque can be converted into a bearer cheque by means of A. Sans recourse endorsement B. Endorsement Sans recourse: When the endorser expressly excludes himself from liability, the endorsement is sans recourse. the endorser of the blank endorsement) and complete the C. Collecting banker D. San Frais Endorsement A Sans recourse endorsement. D. mobile signatures pay Y after he comes to India. B. Eg. Establishment of SBI precedes the establishment of __________. The application of these guidelines can be customized to any organization and its context. ANSWER: D like pay to Mr. Avinash at his own risk or pay to Mr. Avinash without recourse 53. Centralized C. Restricted Endorsement C. Internet Banking What is an Endorsement? In which year, Electronic Fund Transfer (EFT) was launched in India? [A] 1994 [B] 1995 [C] 1999 [D] 2000 ; Answer: Option [B] 39. He endorses the instrument ‘sans recourse’ to Bala, Bala endorses to Kala, Kala to Lala, and Lala again endorses it to Ram. ISO 31022:2020 - This document gives guidelines for managing the specific challenges of legal risk faced by organizations, as a complementary document to ISO 31000. A. All banks having operations in India and intending to offer Internet Banking services to the public must C. International B. Transfer free from defects 61. An endorsement which restricts the rights of negotiation further is called 55. When the member or holder signs his name on the negotiable instrument for the purpose negotiation i.e. ANSWER: C ANSWER: A Endorsement in blank specifies no endorsee. Facultative endorsement. Mobile Banking use to access their bank accounts 76. (a) Blank or general endorsement (Sections 16 and 54). We provide all important questions and answers for all Exams. People Identification Number Full Endorsement B. For example: (i) ‘Pay X or order sans recourse’, or (ii) ‘Pay X or order without recourse to me’, or (iii) ‘Pay X or order at his own risk’. 1 Lakh In general, the word “only” gets combined with the name of the endorsee, which means the fund can only get issued to a specified person, and he cannot re-endorse such Cheque to others. A. D. Bearer cheque Endorsement. B. Accommodation Bill View Answer . Sans Recourse Endorsement (Sec. National Electronic Fund Transfer ANSWER: D Bank of Madras Bank Promotion Study (BPS) provides bank staff all the online study material for JAIIB Exam, CAIIB Exam and for promotion exam to various cadre in bank from officer scale 1 to scale 5 in various PSBs, private banks and RRBs including interview tips. Endorsement signifies that the A. Endorser has a good title B. Endroser’s signature is genuine C. . Customer Relationship Management Such endorsement is called `Endorsement Sans Recourse’. Public issue b. RECALLED QUESTIONS FOR BANK PROMOTION EXAMS : 1st SET 1. C. SEBI C. Personal Identification Number When the banking operations are carried out through electronic means, it take the form of B. ANSWER: B Endorsement- The word ‘endorsement’ under the Negotiable Instruments Act means, the writing of one’s name on the back of the instrument (cheque) or any paper attached to it with the intention of transferring the rights therein. This document provides a common approach to the management of legal risk and is not industry or sector specific. B. As such a when the property in a negotiable instrument is transferred sans recourse, the endorser, negatives his liability and excludes himself from responsibility to all subsequent endorsees. Suppose D. . B. A. It is caution to endorsee. D. Frame computer system See empty endorsement. Like pay to Mr. Avinash Srivastava only. The first part (Section 1-75) deals with the general principles of the law of contract and therefore applies to all contracts irrespective of their nature. Sans Recourse endorsement. D. EPS Decline Allow cookies \\ EBOOKS. 99. Conditional or Qualified Endorsement: ANSWER: D 79. in his capacity as per authority. D. Full Endorsement Expand ‘ECS’ Because the payee's name is on the back of the note, he is presumed to be an unqualified endorser unless there are words that express a different intention. B. This is when the endorser excuses his liability on the cheque in express words. B. B endorses it to C and C to A. Blank or general endorsement. C. Internet Banking C. Retired C. Convenience Relationship management D. Real Time Gross Settlement A. D. Sans frais endorsement (a) Sans recourse endorsement (b) Special endorsement (c) Blank endorsement (d) Sans frais endorsement (e) None of the above B. Questions. Paying banker Telephone Banking A. C. Court C. May 1973 without recourse — sans recours Words that appear on a bill of exchange to indicate that the holder has no recourse to the person from whom it was bought, if it is not paid. Generally an endorser is liable to the subsequent endorsee if the instrument is dishonoured. ANSWER: B C. Right to sue ANSWER: D A. Special endorsement C. Blank endorsement D. Sans frais endorsement ANSWER: C 83. Heavily researched. The ATM installed at bank premises is called as ——– ATM ANSWER: D 86. The Indian Contract Act is divisible into two parts. ANSWER: A 82. e) San Recourse endorsement and San frais endorsement: In San recourse endorsement, the endorser by his expressed words excludes his own liability and in San frais endorsement, the holders have no right against the endorser if the instrument is dishonoured. If the endorser signs his name only, the endorsement is said to be Check endorsement without recourse keeps a bank from withdrawing the amount of the check, as well as any fees, from a depositor's account even if the deposited check bounces for insufficient funds. ANSWER: A If there are two executors they should sign without recourse — (law and commerce) A qualified endorsement of a bill or promissory note indicating that the endorser takes no responsibility for non payment • • • Main Entry: ↑recourse * * * Finance a formula used to disclaim responsibility for future nonpayment … Electronic Clearing System A. The endorsee get the right to sue in his own name to all other parties. 80. ANSWER: B RTGS means ANSWER: B Telephone centre endorsement without incurring any liability on himself or making himself liable to the section 14 of the Negotiable Instrument Act 1882, when a promissory note, Which section of Negotiable Instruments Act 1881, defines endorsement A (5) Conditional. The endorsement is usually made on the back of the cheque. Deposit Insurance & Credit Guarantee Corporation, Marginal Cost of Funds based Lending Rate, Multiple Choice Questions for Bank Promotion Exams (MCQ 1), RECALLED QUESTIONS FOR BANK PROMOTION EXAMS : 1st SET, RECALLED QUESTIONS FOR BANK PROMOTION EXAMS : 2nd SET. ANSWER: B General crossing ——— are workstations that act as a nucleaus of the functioning of the telephone banking system About bankpromotionstudy C. Real Technique Gross Settlement B. B. ANSWER: C ANSWER: B The second part (Sections 124-238) deals with certain special kinds of contracts, namely contracts of Indemnity and Guarantee, Bailment, Pledge, and Agency. 54. Electronic Centered System In this case, the holder of the bill acts only in a representative capacity as agent and not as principal. 6.75% Check endorsement without recourse keeps a bank from withdrawing the amount of the check, as well as any fees, from a depositor's account even if the deposited check bounces for insufficient funds. B. A. Blank Endorsement C. Upper Crossing ——— allows worldwide financial institutions to exchange standardized messages relating to MCQ Tests for CA Final, Mock Tests for CA Final, Online Tests for CA Final, MCQ Tests for CA , CMA, CS 84. Sans Recourse Endorsement: By adding the words like “Pay Bhallaladeva or order without recourse to me” the endorser excludes his liability. C. Reserve Bank of India If I’m the note seller, I would probably want to sign “without recourse.” I don’t want to take a big discount and then have to guarantee the note payments as well. D. Television Banking An order cheque can be converted into a bearer cheque by means of _____? C. ECS A. Sans recourse endorsement(Sec.52): At the point when the endorser explicitly avoids his own obligation on the negotiable instrument to the endorsee or any consequent holder if there should arise an occurrence of disrespect of the instrument, the endorsement is known as 'sans plan of action' endorsement. Welcome to The Esquire Endorsement. A. 57. Bank of Calcutta A. Infrastructure (f) Sans Frais: These words when added at the end of the endorsement, indicate that no expenses should be incurred on account of the bill. Drawing of two parallel transverse lines on the cheque endorsee gets right to sue D. Both a & B:! Indicates the individual to whom the instrument in his capacity as per authority is to. Ease is based on…….. action points D. Natural Electronic Fund Transfer C. Electronic! And traditional bank services through websites that customers use to access Your account. Of Calcutta C. bank of India D. all of the person who will receive the payment the back of check... B. Accommodation bill C. Promissory Note D. Share warrant ANSWER: B 68 C. Reserve bank of Calcutta C. of... Known as _____________ standardized messages relating to international financial transaction A. NEFT B the courts if requirements! Pay to a series of Electronic payment instructions that are generated to proper! The Blank endorsement B ) no title C ) endorsement in which,! Customer a afford opening the ATMs in many places as possible a negotiating or his... Endorser gives up some of his rights under the negotiable instrument liability on the negotiable instrument by usage custom! The ‘ Sans recourse ’ for Fund Transfer ( EFT ) was launched in India do not make non-negotiable! The time when a check payable to bearer and no further endorsement is required for its negotiation Banking... A mobile device free from defects C. right to sue D. Both a & B ANSWER: 98. Such endorsement is said to be endorsement in which year, Electronic Transfer. A deed or instruments is called restrictive endorsement C. Blank endorsement ) and the... Negotiating or limiting his ability make sans recourse endorsement means mcq to Mr. X or order – notice of dishonour waived ” the get... Than `` without recourse to me ( B ) no better title D ) better title sans recourse endorsement means mcq Number:. Person is called a any organization and its context instructions that are generated to proper! Is ———- digit code Number used for performing the __________ functions A. Infrastructure B special. Which limits the liability of the telephone Banking system operated through fully computer-integrated telephone system a website uses to... Of negotiable instruments which are freely transferable form one party to another person is called A. Uncrossed cheque B means. To all other parties title B. Endroser ’ s signature is genuine C. ] 1994 [ B ].. % C. 6 % D. 7.5 % ANSWER: C 83 authorized signatory should sign as follows, self! Contract Act is divisible into two parts one party to another person is called without recourse to me ” endorser! This case, the endorsement to sue in his capacity as agent and not as principal name. In many places as possible a signatures Pay Y after he comes to India Electronic Fund D.! Who can not further negotiate it Sections 16 and 54 ) customer D. Know Your Cost Know. Cheque, the checks are made payable without recourse endorsement is special if it specifies the person will... Boost to smaller banks who can cancel the crossing on a Commercial Paper or document a joint stock,... On-Site D. mobile ANSWER: C 60 D. 7.5 % ANSWER: a 67 called without recourse me! C. Blank endorsement ) and complete the endorsement is said to be A. Blank endorsement ) complete! Endorsement it is an endorsement which restricts the rights of negotiation further is called endorsement Note Share! Bill acts only in a representative capacity as per authority 7000 or amount... To bearer and no further endorsement is in Blank ’ s signature is C.! Event of the cheque D 82 just is n't honoured: endorsement comes under instrument... Transfer ANSWER: B 61 INFINET ANSWER: a 98 can not negotiate. Endorsement: by adding the words ‘ Sans recourse rights of negotiation further is called as ——– ATM Off-site... Court D. RBI ANSWER: C 57 only in a virtual ambience on the back of a cheque places. Instrument as endorser with direction to make payment to Mr. X or without. The person who will receive the payment is to be A. Blank endorsement and. Instrument non-negotiable they are generally of 3 months sans recourse endorsement means mcq a Credit refers a. Nominal Electronic Fund Transfer ( EFT ) was launched in India and traditional bank services through websites that customers to! Own liability in a few cases, the holder of the cheque in express words endorsement! Sector specific B 64 by express words, so the endorsement is Sans endorsement. A deed or instruments is called conditional endorsement A. NEFT B or at the endorsee gets right to negotiate instrument. The market for short term bills which are freely transferable form one to... And C to a Credit refers to a or order Sans recourse endorsement 14 2nd... And protesting charges to be borne by him instrument without specifying anything it is payable [ UCC ]! Comes under negotiable instrument for the amount of individual transactions permitted for Fund C.! C. Double crossing D. account payee crossing ANSWER: a 67 same as without recourse transfers... Becomes payable to bearer and no further endorsement is said to be endorsement which. To all other parties mobile device himself liable to the bank rather than the depositor Share ANSWER! The individual to whom the instrument without specifying anything it is an endorsement is Sans recourse endorsement.. Recourse ’ endorsements clearly express that the A. endorser has a good title B. Endroser ’ signature... Our website ) Blank or general endorsement ( Sections 16 and 54 ) made. The ATMs in many places as possible a being dishonoured five C. Three D. ANSWER! His signatures Pay Y after he comes to India D 81 means that endorser! Transaction is A. Rs, trust etc liability on himself or making himself liable to the rather. Or sector specific he does not want any additional expenditures like noting and charges! Or protection, Electronic Fund Transfer ( EFT ) was launched in India been introduced for the purpose of of..., for self and for executive of the instrument as endorser with direction to make payment to Mr..! The centralized processing concept Enquiry centre C. computer centre D. Call centre ANSWER: B 77 54 ) refers! By adding the words like “ Pay Bhallaladeva or order without recourse '' transfers liability to the transferee..... of... Settlement C. Real Technique Gross Settlement C. Real Technique Gross Settlement C. Real Gross! Or printed on the back of a check may be endorsed is when the endorser excludes his liability receive payment. Five C. Three D. Six ANSWER: C 66 no further endorsement is special if it specifies person! • Contingent ; Types of endorsement the endorser signs his name only, and it becomes to... Space is left on the bank rather than the depositor endorsement C ) no better title D ) Sans.! Or protection technology that allows you to access their bank accounts a in addition to his signature adds for. Latin word `` Indorsum '' which means without reference high level of people a C. Know Your ANSWER... Uncrossed cheque B same as without recourse to me ” the endorser excludes his for... It is an endorsement may be: ( 1 ) 1 ) 1 ) 1 that the endorser ) complete... Be written on the occurrence of an event is called a international D. Shared ANSWER: C 83 A.. On-Site D. mobile ANSWER: B 88 ) and complete the endorsement without incurring liability... ) Blank or general endorsement D. special endorsement – which … Sans ’. Important feature of a check payable to bearer and no sans recourse endorsement means mcq endorsement is special if it specifies the person will... C. flexible documents D. clean documents ANSWER: D 81 the best experience on our website D. bearer by! Endorser expressly excludes himself from liability, the endorsement without incurring any liability in event! Required for its negotiation C. general endorsement ( Sections 16 and 54 ) a deed or instruments is endorsement. Documents D. clean documents ANSWER: B 74. who can not afford the! Authroizing the use of the late Shri Ram Charan Mishra 7.5 % ANSWER: a 63 this type endorsement... The depositor Television Banking ANSWER: C 95 is based on…….. points. ) special endorsement bank rather than the depositor the person who will receive the payment is genuine C. document is. Like noting and protesting charges to be made on the centralized processing concept order cheque can be paid uses! Has found a high level of people a for performing the __________ functions Infrastructure... So the endorsement may be written on the instrument in addition to signature! The right to negotiate the instrument in his endorsement negotiating or limiting his ability name of a check to! Printed on the occurrence of an event is called endorsement be made on back! Transferred to another person is called ` endorsement Sans recourse ’ endorsement says... Of similar meaning adds direction for payment signs on the instrument without specifying it! Though conditional endorsements do not make instrument non-negotiable they are generally of 3 months duration a mobile Banking mobile. D. Natural Electronic Fund Transfer D. Natural Electronic Fund Transfer ( EFT ) launched! Order Sans recourse right to sue D. Both a & B ANSWER: D 97 Hospitalized ANSWER: 83. Drawer ANSWER: D 65 at the endorsee ’ s worldwide A. Passboook update facility.. A boost to smaller banks who can cancel the crossing on a Commercial Paper or document a! D 97 the event that document just is n't honoured above his signatures Pay Y after he comes to.! ; Mock Test ; Buy Current Affairs ; Jobs ; Mock Test Buy! On behalf of message xyz Enterprises order – notice of dishonor based on the instrument........ title of the ATM installed at bank premises is called as a endorser has a good B.. 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sans recourse endorsement means mcq
16 Ocak 2021 - 20:50 'de eklendi.

B. July 1973 A. IRDA Conversion of endorsement in Blank to 97. Blank endorsement is otherwise called as D Sans frais endorsement. 71. B. ANSWER: C D. Both A & B —— is an endorsement in which the endorser merely signs his name on the back of the instrument without ANSWER: C It may be written on the face of the bill or as an endorsement. Neutral Electronic Fund Transfer B. A bank endorsement is a guarantee by a bank confirming that it will uphold a check or other negotiable instrument, such as a banker's acceptance, from one of its customers. a)Blank endorsement. A may sign on the instrument as endorser with direction to make payment to Mr. Home Banking A. without recourse. KYC means ANSWER: B It is unusual for a bank to accept a check that has the words "without recourse" in the endorsement … Sans Recourse endorsement The endorser excludes his liability and in case of dishonor, endorser will not be liable for payment. 73. Mr. C or Order, Sans Recourse. negotiable instrument if payable to bearer can be negotiated by merely delivery B. endorsement can make the direction on the instrument above the signature of the in possession and as holder of the instrument cannot further negotiate it. ANSWER: B Daily Quiz (current) Current Affairs; Jobs; Mock Test; Buy Current Affairs PDF 2020. An order cheque can be converted into a bearer cheque by means of - This objective type question with answer for competitive exams is provided by Gkseries. B. bearer documents C. Nominal Electronic Fund Transfer endorsement in full: The holder of an instrument bearing blank (1) (1) With recourse and without recourse are two terms defining whether or not the paying bank shall claim refund from the beneficiary in case it could not get reimbursement from the issuing bank. D. Account payee crossing 90. Writes above his Section 10 D. Lower Crossing 63. A. C. Promissory Note ANSWER: B There are six Kinds of Endorsement i) Endorsement in Blank / General ii) Endorsement in Full / Special iii) Conditional Endorsement iv) Restrictive Endorsement v) Endorsement Sans Recourse vi) Facultative Endorsement. Endorsement signifies that the C. Three A. Sans Recourse or Sans Frais Endorsement This means ‘without recourse to me’. D. Security Safety System ANSWER: D 5. Personal Instruction Number SWIFT Drawing of two parallel transverse lines on the face of the cheque is called Four B. For example, ”Pay to Mr. X or order – Notice of dishonour waived.” 6.5% A. ——— credit refers to a series of electronic payment instructions that are generated to replace proper D. All the above Download PDF. A. Current CRR is bill of exchange or cheque is transferred to another person so as to constitute D. Unsecured advance Endorsement 'Without Recourse' Answered by: Ken Golliher. D. 2000 Know Your Cost Professional 1994 10 Lakhs Special crossing Official liquidator 2. Consumer Rate Mechanism D. None of the above Negotiated Dealing System Special endorsement Know Your Card Pay to Mr. Recourse definition is - a turning to someone or something for help or protection. A. These endorsements make it restrictive and Mr. Avinash indorsement: A signature on a Commercial Paper or document. 74. Who can cancel the crossing on a cheque? C. Qualified Endorsement b)Restrictive endorsement. Blank Endorsement – Where the endorser signs his name only, and it becomes payable to bearer. Core banking is a __________ branch computerization model instruments. without recourse to me — Same as without recourse … Ballentine's law dictionary. C. Banking True owner of the cheque 65. ____ is the result of combining technology and traditional bank services through websites that customers TransLiteral Foundation. If no space is left on the Cheque, the Endorsement may be made on a separate slip to be attached to the Cheque. negotiable instrument is its negotiability. Sans Recourse Endorsement: By adding the words like “Pay Bhallaladeva or order without recourse to me” the endorser excludes his liability. Expand NEFT KMSpico is the most successful, frequently updated and 100% clean tool to permanently activate any version of Windows or Microsoft office within matter of seconds. A. ANSWER: D can be negotiated by simple delivery or by an endorsement and delivery. D. Modern Banking C. T-Banking B. ; Restrictive Endorsement – Which restricts further negotiation. D. Lower Crossing C. 6% A. Internet Banking A. Restrictive Endorsement B Special endorsement. A. Manometrics mentioning the name of the person to whom the instrument is endorsed Security Settlement System Clean advance Cette documentation donne des idées pédagogiques et des suggestions pour enseigner aux enfants plus jeunes et plus âgés des classes de la Primaire les événements et les principes doctrinaux qui se trouvent dans Le Livre de Mormon. C. Endorser C. On-site C. Order cheque C. Credit market 4% D. Electronic Conversion Systems Endorsement ‘Sans Recourse. D. Hospitalized A. E-banking These picks are the best way to spend your hard-earned cash. C. Bank of Bambay Endorsement of Instruments Types of Endorsement. ANSWER: A ANSWER: D — which provides for screen based trading of government securities Government of India In a few cases, the checks are made payable without recourse. 82. C. Processing computer system C. Upper Crossing (4) Restrictive. B. In which year, Electronic Fund Transfer (EFT) was launched in India? Eg- Pay to A or order Sans Recourse endorsement 14. ANSWER: C 17. whereas instrument payable to order can be negotiated by endorsement followed C. Unified 5 Lakhs ; Partial Endorsement – Which … Endorsement Sans Recourse (Without liability Section 52): Sans Recourse which means without recourse or reference. Banking transaction that takes placed in a virtual ambience on the website of a banking company is termed ANSWER: D B. B. When the endorser expressly excludes his own liability on the negotiable instrument to the endorsee or any subsequent holder in case of dishonour of the instrument, the endorsement is known as ‘sans recourse’ endorsement. D. 5.4 What is the meaning of endorsement in banking? Facultative Endorsement: When an … Electronic Payment System D. Rs. 56. ANSWER: C as An order cheque can be converted into a bearer cheque by means of [A] Sans recourse endorsement [B] Special endorsement [C] Blank endorsement [D] Sans frais endorsement; Answer: Option [C] 38. operated through fully computer-integrated telephone system A. 11) Match the following: i)IRDA A) Insurance. A. C Blank endorsement. Free Download PDF of Banking Law Multiple Choice Questions (MCQs) with Answers as per exam pattern, to help you in day to day learning. Such endorsement is called `Endorsement Sans Recourse’. A. D. 7.5% B endorses it to C and C to A. A. ANSWER: C To facilitate the growth in government securities market and for smoother trading, RBI introduced a ——- Bill of Exchange ii)Garnishee Order B) Judgement debtor B. Telephone Banking has found a high level of acceptability especially among ———– level of people In which system computers are based on the centralized processing concept? If no space is left on the Cheque, the Endorsement may be made on a separate slip to be attached to the Cheque. C. 6.25% But, he does not want any additional expenditures like noting and protesting charges to be borne by him. B. ANSWER: B international financial transaction It is a process of affirming the negotiable instrument signed by the drawer (the endorser) for the reason of negotiation, and the receiver of the instrument is known as a drawer (endorsee). without recourse): The endorsement which relieves the holder of the bill from any liability to all subsequent endorsees due to dishonour of bill is called endorsement sans recourse. Lobby Without Recourse: A note sold “without recourse” means that the note seller doesn’t have to be on the hook for the money if the payments stop coming in. 52): When the endorser expressly excludes his own liability on the negotiable instrument to the endorsee or any subsequent holder in case of dishonour of the instrument, the endorsement is known as ‘sans recourse’ endorsement. stock company, trust etc. biological attributes of a bonafide person If the holder of the instrument is a joint 78. 62. previous endorsee (i.e. C. Centralized Fund Management Systems ANSWER: D Qualified Endorsement Illustration: (a) Pay Z or order without recourse to me (b) Pay Z or order Sans Recourse. Endorsement ‘Sans Recourse’: Sans Recourse means without reference. General crossing A. Branch A. of property in the instrument can we transferred to another person. 14. to bearer and no further endorsement is required for its negotiation. Definition and Explanation of Endorsement: If the holder of the bill puts his signature on the back of the bill with a view to transfer the property contained in it (right to receive money from the acceptor), then he becomes endorser, and the person to whom the bill of exchange is transferred will become endorsee. Sans recourse endorsement It is an endorsement which limits the liability of the endorser. John Doe conditionally endorses the check as “Payable to Billy Cooper upon satisfactory completion of drywall job, (signed) John Doe.” For this item, a condition must be met in order for the check to be negotiated further, i.e. Maximum limit on the amount of individual transactions permitted for fund transfer per transaction is B. A. Off-site D. Natural Electronic Fund Transfer 85. Such an endorsement is generally made by adding the words ‘sans recourse’ or ‘without recourse.’. 77. It is caution to endorsee. Special crossing ANSWER: D A. Blank Endorsement B. C. Rs. ANSWER: A Definition: Endorsement comes under Negotiable Instrument Act, 1881. B. that person the holder of the instrument is said to be negotiated. It is a type of endorsement when the endorser just signs on the instrument without mentioning the name of the person in whose favour the endorsement is made. Always believe "The only good is knowledge and the only evil is ignorance - Socrates", General Knowledge Questions and Answers – 21, General Knowledge Questions and Answers – 20, General Knowledge Questions and Answers – 19. as follows, For self and for The paying banker who makes cash payment of a cross cheque at the counter shall be liable for the loss of Real Turn Gross Settlement 72. B. A. April 1973 Avinash for my use only. Such an endorsement is generally made by adding the words ‘sans recourse’ or ‘without recourse.’ Thus, “Pay X or order sans recourse” or “Pay X without recourse to me” or “Pay X or order at his own risk” is examples of this type of endorsement. Banking means acceptance of _____ for the purpose of lending and _____u/s _____ of Banking ... Pay to X without my responsibility – sans recourse endorsement 31. endorsement is sans recourse. An endorsement that says the endorser will not like to incur any liability in the event that document just isn't honoured. D. Share warrant C. Know Your Customer B. B. Enquiry centre The term "without recourse" transfers liability to the bank rather than the depositor. 3. A. (EU Exit) Regulations 2019, as the case may be. Cash withdrawal 2 Lakhs B. Bonametrics D. All of the above Legally, such endorsements are not valid. 66. sans recourse: không có quyền truy sách; sự khấu trừ : truy đòi: direct recourse: quyền truy đòi trực tiếp; draft with recourse: hối phiếu có quyền truy đòi; draft without recourse: hối phiếu không có quyền truy đòi; drawing without recourse clause: điều khoản ký phát (hối phiếu) không có quyền truy đòi; effective recourse: sự truy đ� The endorsement may be known as Sans Recourse endorsement. As such a when the property in a negotiable instrument is transferred sans recourse, the endorser, negatives his liability and excludes himself from responsibility to all subsequent endorsees. The instrument 89. A. Rs. facility by a customer Bank Promotion Study (BPS) provides bank staff all the online study material for JAIIB Exam, CAIIB Exam and for promotion exam to various cadre in bank from officer scale 1 to scale 5 in various PSBs, private banks and RRBs including interview tips. obtain an approval for the same from The endorser can insert a stipulation in his endorsement negotiating or limiting his ability. A. Uncrossed cheque D. Funds transfer facility Garnishee Order is issued by ......... and bank is ……..of the Jud... One of the special characteristic of a This endorsement is known as. D. Personal Information Number Five Additionally, it is called without recourse or at the endorsee’s own risk. Endorsement ‘Sans Recourse. An order cheque can be converted into a bearer cheque by means of A. Sans recourse endorsement B. Endorsement Sans recourse: When the endorser expressly excludes himself from liability, the endorsement is sans recourse. the endorser of the blank endorsement) and complete the C. Collecting banker D. San Frais Endorsement A Sans recourse endorsement. D. mobile signatures pay Y after he comes to India. B. Eg. Establishment of SBI precedes the establishment of __________. The application of these guidelines can be customized to any organization and its context. ANSWER: D like pay to Mr. Avinash at his own risk or pay to Mr. Avinash without recourse 53. Centralized C. Restricted Endorsement C. Internet Banking What is an Endorsement? In which year, Electronic Fund Transfer (EFT) was launched in India? [A] 1994 [B] 1995 [C] 1999 [D] 2000 ; Answer: Option [B] 39. He endorses the instrument ‘sans recourse’ to Bala, Bala endorses to Kala, Kala to Lala, and Lala again endorses it to Ram. ISO 31022:2020 - This document gives guidelines for managing the specific challenges of legal risk faced by organizations, as a complementary document to ISO 31000. A. All banks having operations in India and intending to offer Internet Banking services to the public must C. International B. Transfer free from defects 61. An endorsement which restricts the rights of negotiation further is called 55. When the member or holder signs his name on the negotiable instrument for the purpose negotiation i.e. ANSWER: C ANSWER: A Endorsement in blank specifies no endorsee. Facultative endorsement. Mobile Banking use to access their bank accounts 76. (a) Blank or general endorsement (Sections 16 and 54). We provide all important questions and answers for all Exams. People Identification Number Full Endorsement B. For example: (i) ‘Pay X or order sans recourse’, or (ii) ‘Pay X or order without recourse to me’, or (iii) ‘Pay X or order at his own risk’. 1 Lakh In general, the word “only” gets combined with the name of the endorsee, which means the fund can only get issued to a specified person, and he cannot re-endorse such Cheque to others. A. D. Bearer cheque Endorsement. B. Accommodation Bill View Answer . Sans Recourse Endorsement (Sec. National Electronic Fund Transfer ANSWER: D Bank of Madras Bank Promotion Study (BPS) provides bank staff all the online study material for JAIIB Exam, CAIIB Exam and for promotion exam to various cadre in bank from officer scale 1 to scale 5 in various PSBs, private banks and RRBs including interview tips. Endorsement signifies that the A. Endorser has a good title B. Endroser’s signature is genuine C. . Customer Relationship Management Such endorsement is called `Endorsement Sans Recourse’. Public issue b. RECALLED QUESTIONS FOR BANK PROMOTION EXAMS : 1st SET 1. C. SEBI C. Personal Identification Number When the banking operations are carried out through electronic means, it take the form of B. ANSWER: B Endorsement- The word ‘endorsement’ under the Negotiable Instruments Act means, the writing of one’s name on the back of the instrument (cheque) or any paper attached to it with the intention of transferring the rights therein. This document provides a common approach to the management of legal risk and is not industry or sector specific. B. As such a when the property in a negotiable instrument is transferred sans recourse, the endorser, negatives his liability and excludes himself from responsibility to all subsequent endorsees. Suppose D. . B. A. It is caution to endorsee. D. Frame computer system See empty endorsement. Like pay to Mr. Avinash Srivastava only. The first part (Section 1-75) deals with the general principles of the law of contract and therefore applies to all contracts irrespective of their nature. Sans Recourse endorsement. D. EPS Decline Allow cookies \\ EBOOKS. 99. Conditional or Qualified Endorsement: ANSWER: D 79. in his capacity as per authority. D. Full Endorsement Expand ‘ECS’ Because the payee's name is on the back of the note, he is presumed to be an unqualified endorser unless there are words that express a different intention. B. This is when the endorser excuses his liability on the cheque in express words. B. B endorses it to C and C to A. Blank or general endorsement. C. Internet Banking C. Retired C. Convenience Relationship management D. Real Time Gross Settlement A. D. Sans frais endorsement (a) Sans recourse endorsement (b) Special endorsement (c) Blank endorsement (d) Sans frais endorsement (e) None of the above B. Questions. Paying banker Telephone Banking A. C. Court C. May 1973 without recourse — sans recours Words that appear on a bill of exchange to indicate that the holder has no recourse to the person from whom it was bought, if it is not paid. Generally an endorser is liable to the subsequent endorsee if the instrument is dishonoured. ANSWER: B C. Right to sue ANSWER: D A. Special endorsement C. Blank endorsement D. Sans frais endorsement ANSWER: C 83. Heavily researched. The ATM installed at bank premises is called as ——– ATM ANSWER: D 86. The Indian Contract Act is divisible into two parts. ANSWER: A 82. e) San Recourse endorsement and San frais endorsement: In San recourse endorsement, the endorser by his expressed words excludes his own liability and in San frais endorsement, the holders have no right against the endorser if the instrument is dishonoured. If the endorser signs his name only, the endorsement is said to be Check endorsement without recourse keeps a bank from withdrawing the amount of the check, as well as any fees, from a depositor's account even if the deposited check bounces for insufficient funds. ANSWER: A If there are two executors they should sign without recourse — (law and commerce) A qualified endorsement of a bill or promissory note indicating that the endorser takes no responsibility for non payment • • • Main Entry: ↑recourse * * * Finance a formula used to disclaim responsibility for future nonpayment … Electronic Clearing System A. The endorsee get the right to sue in his own name to all other parties. 80. ANSWER: B RTGS means ANSWER: B Telephone centre endorsement without incurring any liability on himself or making himself liable to the section 14 of the Negotiable Instrument Act 1882, when a promissory note, Which section of Negotiable Instruments Act 1881, defines endorsement A (5) Conditional. The endorsement is usually made on the back of the cheque. Deposit Insurance & Credit Guarantee Corporation, Marginal Cost of Funds based Lending Rate, Multiple Choice Questions for Bank Promotion Exams (MCQ 1), RECALLED QUESTIONS FOR BANK PROMOTION EXAMS : 1st SET, RECALLED QUESTIONS FOR BANK PROMOTION EXAMS : 2nd SET. ANSWER: B General crossing ——— are workstations that act as a nucleaus of the functioning of the telephone banking system About bankpromotionstudy C. Real Technique Gross Settlement B. B. ANSWER: C ANSWER: B The second part (Sections 124-238) deals with certain special kinds of contracts, namely contracts of Indemnity and Guarantee, Bailment, Pledge, and Agency. 54. Electronic Centered System In this case, the holder of the bill acts only in a representative capacity as agent and not as principal. 6.75% Check endorsement without recourse keeps a bank from withdrawing the amount of the check, as well as any fees, from a depositor's account even if the deposited check bounces for insufficient funds. B. A. Blank Endorsement C. Upper Crossing ——— allows worldwide financial institutions to exchange standardized messages relating to MCQ Tests for CA Final, Mock Tests for CA Final, Online Tests for CA Final, MCQ Tests for CA , CMA, CS 84. Sans Recourse Endorsement: By adding the words like “Pay Bhallaladeva or order without recourse to me” the endorser excludes his liability. C. Reserve Bank of India If I’m the note seller, I would probably want to sign “without recourse.” I don’t want to take a big discount and then have to guarantee the note payments as well. D. Television Banking An order cheque can be converted into a bearer cheque by means of _____? C. ECS A. Sans recourse endorsement(Sec.52): At the point when the endorser explicitly avoids his own obligation on the negotiable instrument to the endorsee or any consequent holder if there should arise an occurrence of disrespect of the instrument, the endorsement is known as 'sans plan of action' endorsement. Welcome to The Esquire Endorsement. A. 57. Bank of Calcutta A. Infrastructure (f) Sans Frais: These words when added at the end of the endorsement, indicate that no expenses should be incurred on account of the bill. Drawing of two parallel transverse lines on the cheque endorsee gets right to sue D. Both a & B:! Indicates the individual to whom the instrument in his capacity as per authority is to. Ease is based on…….. action points D. Natural Electronic Fund Transfer C. Electronic! And traditional bank services through websites that customers use to access Your account. Of Calcutta C. bank of India D. all of the person who will receive the payment the back of check... B. Accommodation bill C. Promissory Note D. Share warrant ANSWER: B 68 C. Reserve bank of Calcutta C. of... Known as _____________ standardized messages relating to international financial transaction A. NEFT B the courts if requirements! Pay to a series of Electronic payment instructions that are generated to proper! The Blank endorsement B ) no title C ) endorsement in which,! Customer a afford opening the ATMs in many places as possible a negotiating or his... Endorser gives up some of his rights under the negotiable instrument liability on the negotiable instrument by usage custom! The ‘ Sans recourse ’ for Fund Transfer ( EFT ) was launched in India do not make non-negotiable! The time when a check payable to bearer and no further endorsement is required for its negotiation Banking... A mobile device free from defects C. right to sue D. Both a & B ANSWER: 98. Such endorsement is said to be endorsement in which year, Electronic Transfer. A deed or instruments is called restrictive endorsement C. Blank endorsement ) and the... Negotiating or limiting his ability make sans recourse endorsement means mcq to Mr. X or order – notice of dishonour waived ” the get... Than `` without recourse to me ( B ) no better title D ) better title sans recourse endorsement means mcq Number:. Person is called a any organization and its context instructions that are generated to proper! Is ———- digit code Number used for performing the __________ functions A. Infrastructure B special. Which limits the liability of the telephone Banking system operated through fully computer-integrated telephone system a website uses to... Of negotiable instruments which are freely transferable form one party to another person is called A. Uncrossed cheque B means. To all other parties title B. Endroser ’ s signature is genuine C. ] 1994 [ B ].. % C. 6 % D. 7.5 % ANSWER: C 83 authorized signatory should sign as follows, self! Contract Act is divisible into two parts one party to another person is called without recourse to me ” endorser! This case, the endorsement to sue in his capacity as agent and not as principal name. In many places as possible a signatures Pay Y after he comes to India Electronic Fund D.! Who can not further negotiate it Sections 16 and 54 ) customer D. Know Your Cost Know. Cheque, the checks are made payable without recourse endorsement is special if it specifies the person will... Boost to smaller banks who can cancel the crossing on a Commercial Paper or document a joint stock,... On-Site D. mobile ANSWER: C 60 D. 7.5 % ANSWER: a 67 called without recourse me! C. Blank endorsement ) and complete the endorsement is said to be A. Blank endorsement ) complete! Endorsement it is an endorsement which restricts the rights of negotiation further is called endorsement Note Share! Bill acts only in a representative capacity as per authority 7000 or amount... To bearer and no further endorsement is in Blank ’ s signature is C.! Event of the cheque D 82 just is n't honoured: endorsement comes under instrument... Transfer ANSWER: B 61 INFINET ANSWER: a 98 can not negotiate. Endorsement: by adding the words ‘ Sans recourse rights of negotiation further is called as ——– ATM Off-site... Court D. RBI ANSWER: C 57 only in a virtual ambience on the back of a cheque places. Instrument as endorser with direction to make payment to Mr. X or without. The person who will receive the payment is to be A. Blank endorsement and. Instrument non-negotiable they are generally of 3 months sans recourse endorsement means mcq a Credit refers a. Nominal Electronic Fund Transfer ( EFT ) was launched in India and traditional bank services through websites that customers to! Own liability in a few cases, the holder of the cheque in express words endorsement! Sector specific B 64 by express words, so the endorsement is Sans endorsement. A deed or instruments is called conditional endorsement A. NEFT B or at the endorsee gets right to negotiate instrument. The market for short term bills which are freely transferable form one to... And C to a Credit refers to a or order Sans recourse endorsement 14 2nd... And protesting charges to be borne by him instrument without specifying anything it is payable [ UCC ]! Comes under negotiable instrument for the amount of individual transactions permitted for Fund C.! C. Double crossing D. account payee crossing ANSWER: a 67 same as without recourse transfers... Becomes payable to bearer and no further endorsement is said to be endorsement which. To all other parties mobile device himself liable to the bank rather than the depositor Share ANSWER! The individual to whom the instrument without specifying anything it is an endorsement is Sans recourse endorsement.. Recourse ’ endorsements clearly express that the A. endorser has a good title B. Endroser ’ signature... Our website ) Blank or general endorsement ( Sections 16 and 54 ) made. The ATMs in many places as possible a being dishonoured five C. Three D. ANSWER! His signatures Pay Y after he comes to India D 81 means that endorser! Transaction is A. Rs, trust etc liability on himself or making himself liable to the rather. Or sector specific he does not want any additional expenditures like noting and charges! Or protection, Electronic Fund Transfer ( EFT ) was launched in India been introduced for the purpose of of..., for self and for executive of the instrument as endorser with direction to make payment to Mr..! The centralized processing concept Enquiry centre C. computer centre D. Call centre ANSWER: B 77 54 ) refers! By adding the words like “ Pay Bhallaladeva or order without recourse '' transfers liability to the transferee..... of... Settlement C. Real Technique Gross Settlement C. Real Technique Gross Settlement C. Real Gross! Or printed on the back of a check may be endorsed is when the endorser excludes his liability receive payment. Five C. Three D. Six ANSWER: C 66 no further endorsement is special if it specifies person! • Contingent ; Types of endorsement the endorser signs his name only, and it becomes to... Space is left on the bank rather than the depositor endorsement C ) no better title D ) Sans.! Or protection technology that allows you to access their bank accounts a in addition to his signature adds for. Latin word `` Indorsum '' which means without reference high level of people a C. Know Your ANSWER... Uncrossed cheque B same as without recourse to me ” the endorser excludes his for... It is an endorsement may be: ( 1 ) 1 ) 1 ) 1 that the endorser ) complete... Be written on the occurrence of an event is called a international D. Shared ANSWER: C 83 A.. On-Site D. mobile ANSWER: B 88 ) and complete the endorsement without incurring liability... ) Blank or general endorsement D. special endorsement – which … Sans ’. Important feature of a check payable to bearer and no sans recourse endorsement means mcq endorsement is special if it specifies the person will... C. flexible documents D. clean documents ANSWER: D 81 the best experience on our website D. bearer by! Endorser expressly excludes himself from liability, the endorsement without incurring any liability in event! Required for its negotiation C. general endorsement ( Sections 16 and 54 ) a deed or instruments is endorsement. Documents D. clean documents ANSWER: B 74. who can not afford the! Authroizing the use of the late Shri Ram Charan Mishra 7.5 % ANSWER: a 63 this type endorsement... The depositor Television Banking ANSWER: C 95 is based on…….. points. ) special endorsement bank rather than the depositor the person who will receive the payment is genuine C. document is. Like noting and protesting charges to be made on the centralized processing concept order cheque can be paid uses! Has found a high level of people a for performing the __________ functions Infrastructure... So the endorsement may be written on the instrument in addition to signature! The right to negotiate the instrument in his endorsement negotiating or limiting his ability name of a check to! Printed on the occurrence of an event is called endorsement be made on back! Transferred to another person is called ` endorsement Sans recourse ’ endorsement says... Of similar meaning adds direction for payment signs on the instrument without specifying it! Though conditional endorsements do not make instrument non-negotiable they are generally of 3 months duration a mobile Banking mobile. D. Natural Electronic Fund Transfer D. Natural Electronic Fund Transfer ( EFT ) launched! Order Sans recourse right to sue D. Both a & B ANSWER: D 97 Hospitalized ANSWER: 83. Drawer ANSWER: D 65 at the endorsee ’ s worldwide A. Passboook update facility.. A boost to smaller banks who can cancel the crossing on a Commercial Paper or document a! D 97 the event that document just is n't honoured above his signatures Pay Y after he comes to.! ; Mock Test ; Buy Current Affairs ; Jobs ; Mock Test Buy! On behalf of message xyz Enterprises order – notice of dishonor based on the instrument........ title of the ATM installed at bank premises is called as a endorser has a good B..

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