A. ATMs are primarily used for performing the __________ functions ; Partial Endorsement – Which … D. Television Banking C. Processing computer system The term "without recourse" transfers liability to the bank rather than the depositor. Conversion of endorsement in Blank to Sans recourse endorsement (Sec. ANSWER: A Recourse means the right to claim a refund of an amount paid in connection with the negotiation of a documentary credit or the discounting of a bill of exchange. ANSWER: B Garnishee Order is issued by ......... and bank is ……..of the Jud... One of the special characteristic of a The ‘sans recourse’ endorsements clearly express that the endorser is excluded from any liability in the event of the instrument being dishonoured. ANSWER: D Conditional or qualified endorsement • Sans recourse • Facultative • Contingent; Types of Endorsement. the authorized signatory should sign the instrument Pay to Mr. ; Restrictive Endorsement – Which restricts further negotiation. KYC means B. How to use recourse in a sentence. Such an endorsement is generally made by adding the words ‘sans recourse’ or ‘without recourse.’. A. 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. Secured advance 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. A. Manometrics “Pay Mr. Rajiv or order, notice of dishonour waived”. Current Bank Rate is ___________. In which year, Electronic Fund Transfer (EFT) was launched in India? C. Upper Crossing C. T-Banking Such endorsement is called `Endorsement Sans Recourse’. A. April 1973 A. E-banking According 10 Lakhs The endorsement is usually made on the back of the cheque. use to access their bank accounts 82. It is caution to endorsee. 95. A. C. Centralized Fund Management Systems ANSWER: D D. mobile B. B. November 28, 2020 All Dictionary. The paying banker who makes cash payment of a cross cheque at the counter shall be liable for the loss of can be negotiated by simple delivery or by an endorsement and delivery. A. Infrastructure C. Mini-statement facility A. Off-site 92. 53. C. 1999 Which of the following is a negotiable instrument by usage or custom? ... 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. Endorsement means signing at the back of the instrument for the purpose of negotiation. A. 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’. C. Endorser B. D. 2000 C. Know Your Customer Words sometimes written on the back of a check when one endorses the check over to another. A. 89. B. Bonametrics 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. Real Towards Gross Settlement A. Uncrossed cheque Endorsement Sans recourse: When the endorser expressly excludes himself from liability, the endorsement is sans recourse. D. . Endorsement of Instruments Types of Endorsement. ANSWER: B Telephone centre 5 Lakhs Know Your Cost C. May 1973 Negotiated Dealing System Official liquidator C. Convenience Relationship management (EU Exit) Regulations 2019, as the case may be. facility by a customer B. Rs. to me. ANSWER: A C. Qualified Endorsement 1 Lakh Partial endorsement: Where one endorses a negotiable instrument only for a part of the amount as against for its full amount is called a partial 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. ANSWER: A A may sign on the instrument as endorser with direction to make payment to Mr. Any words other than "without recourse" should clearly be of similar meaning. A. Passboook update facility Negotiation of Lost Instrument or that Obtained by Unlawful Means. B. July 1973 Endorsement. B. B. 1] Endorsement 2] delivery 3] endorsement & delivery 4] an order instrument can not be negotiated 3 19 A endorses a cheque SANS RECOURSE to B. (a) Sans recourse endorsement (b) Special endorsement (c) Blank endorsement (d) Sans frais endorsement (e) None of the above 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. MULTIPLE CHOICE QUESTIONS FOR BANK PROMOTION EXAMS (MCQ 1) 1. In this case, the holder of the bill acts only in a representative capacity as agent and not as principal. B. In which year, Electronic Fund Transfer (EFT) was launched in India? Sans Recourse Endorsement: By adding the words like “Pay Bhallaladeva or order without recourse to me” the endorser excludes his liability. If no space is left on the Cheque, the Endorsement may be made on a separate slip to be attached to the Cheque. ANSWER: C 70. B. ANSWER: D ANSWER: D Such an endorsement is for the most part made by including the words 'sans response' … by the delivery. C. Mobile Banking in his capacity as per authority. ANSWER: D Endorsement signifies that the A. Endorser has a good title B. Endroser’s signature is genuine C. . An order cheque can be converted into a bearer cheque by means of The instrument so endorsed now becomes payable ANSWER: C An endorsement is restrictive if it includes the words "for collection" [UCC 3-205(c)], so the endorsement is restrictive. Endorsement Sans Recourse (Without liability Section 52): Sans Recourse which means without recourse or reference. A. A. Salaried C. 6% Banking transaction that takes placed in a virtual ambience on the website of a banking company is termed The ATM pin is ———- digit code number used for authenticiating and authroizing the use of the ATM B endorses it to C and C to A. B. Security Settlement System 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. (3) Partial. A. Blank Endorsement What is an Endorsement? D. Clean documents Real Turn Gross Settlement Discounting of bills of exchange is Endorsement in blank specifies no endorsee. Negotiable instruments which are freely transferable form one party to another by mere delivery is known C. Unified 96. Addition of the name of a banker across the face of a cheque is called as A. NEFT General Crossing Full Endorsement B. RBI Facultative endorsement. 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. Electronic Payment System Endorsement ‘Sans Recourse. B. 59. D. Open market C. Banking Go To Download Page. An order cheque can be converted into a bearer cheque by means of A. Sans recourse endorsement B. 72. Questions. A “conditional” endorsement is one of the ways in which a check may be endorsed. C. Neither clean advance nor secured advance operated through fully computer-integrated telephone system Public issue b. ANSWER: B An endorsement that clearly indicates the individual to whom the instrument is payable is a special endorsement. Open cheque Mobile Banking ANSWER: A About KMSpico. In which year, SWIFT was established? 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. 7000 or any B. bearer documents The Indian Contract Act is divisible into two parts. D. Television Banking D. Lower Crossing 57. It is caution to endorsee. Welcome to The Esquire Endorsement. 80. To facilitate the growth in government securities market and for smoother trading, RBI introduced a ——- 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. D. 5.4 Such endorsement is called `Endorsement Sans Recourse’. signatures pay Y after he comes to India. C. Nominal Electronic Fund Transfer For example, ”Pay to Mr. X or order – Notice of dishonour waived.” 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. 77. C. Blank endorsement A. C. SEBI to bearer and no further endorsement is required for its negotiation. The second part (Sections 124-238) deals with certain special kinds of contracts, namely contracts of Indemnity and Guarantee, Bailment, Pledge, and Agency. ANSWER: D amount less than 10000. for and on behalf of message xyz Enterprises. D. Call centre B. 91. ____ is the result of combining technology and traditional bank services through websites that customers negotiable instrument if payable to bearer can be negotiated by merely delivery C. 6.25% A. 68. Endorsement signifies that the B Special endorsement. "Without recourse" means that the endorsement is a qualified endorsement. B. A. 56. D. ATM D. All of the above But, he does not want any additional expenditures like noting and protesting charges to be borne by him. 5. All banks having operations in India and intending to offer Internet Banking services to the public must This type of endorsement places a limit or restriction upon the time when a check can be paid. 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. For example Mr. Blank endorsement is otherwise called as 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. Central Bank 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. ANSWER: D It is caution to endorsee. 60. ANSWER: C D. Biometrics 98. EFT is introduced by D. Modern Banking A. If no space is left on the Cheque, the Endorsement may be made on a separate slip to be attached to the Cheque. 99. Eg. A. 11. B. For example, Larry Smith has written a check payable to John Doe. D. Security Safety System 10000 endorsement cannot be done for Rs. 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. 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. No new payee is named here, so the endorsement is in blank. 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. 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. A. C. Electronic Cross Systems D. Bearer cheque Conditional or Qualified Endorsement: B. ANSWER: D 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. Conditional Endorsement A 17. If there are two executors they should sign Definition: Endorsement comes under Negotiable Instrument Act, 1881. Free Download PDF of Banking Law Multiple Choice Questions (MCQs) with Answers as per exam pattern, to help you in day to day learning. It is caution to endorsee. Special crossing ANSWER: C C. Security Marketing System Legally, such endorsements are not valid. endorsement is sans recourse. mentioning the name of the person to whom the instrument is endorsed 79. You might've noticed things are … 94. D. Consumer Relationship Management ANSWER: B A. Sans recourse endorsement ANSWER: B D. Lower Crossing ANSWER: B RTGS means D. Drawer Four C. Electronic Data Interchange 66. What is the major function performed by the ATM’s worldwide If holder of the instrument signs on the instrument without specifying anything 52. Billy Coope… 87. ANSWER: B D. Business The term "without recourse" transfers liability to the bank rather than the depositor. D. Unsecured advance Endorsement ‘Sans Recourse. D. None of the above Current CRR is Personal Instruction Number What does sans recourse endorsement mean? Generally an endorser is liable to the subsequent endorsee if the instrument is dishonoured. ANSWER: B 3. 67. (e) Sanse Recourse: By adding these words after the endorsement, the endorser declines to accept and liability on the instrument of any subsequent party. The safest form of crossing is What is the meaning of endorsement in banking? Answer: The "without recourse" wording in the mortgage company's endorsement applies only to the mortgage company's liability on the check if it is not paid.However, even the "without recourse" wording only applies to endorser liability under UCC section 3-415.It does not affect the mortgage company's transfer warranties under 3-416 or 4-207. B. C. Personal Identification Number — which provides for screen based trading of government securities The holder of the instrument in addition to his signature adds direction This website uses cookies to ensure you get the best experience on our website. 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. (4) Restrictive. It has the legal effect of preventing recovery of the money from the endorser in case the check is returned as “not sufficient funds” (NSF) or for any other reason. In this case, Ram is not only reinstated in his former rights but has the right of an endorsee against Bala, Kala, and Lala. Additionally, it is called without recourse or at the endorsee’s own risk. ANSWER: B D. Account payee crossing 5% ANSWER: A Free transfer negotiable instrument is its negotiability. D. All of the above 76. 83. Sans Recourse endorsement The endorser excludes his liability and in case of dishonor, endorser will not be liable for payment. C. Reserve Bank of India Illustration: (a) Pay Z or order without recourse to me (b) Pay Z or order Sans Recourse. C. flexible documents Eg- Pay to A or order Sans Recourse endorsement 14. as Suppose C. Miometrics (2) Speical or full. B. B. Enquiry centre previous endorsee (i.e. Bank of Madras ANSWER: C international financial transaction Decentralized ANSWER: A 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. D. Sans frais endorsement (a) Sans Frais endorsement: ‘Sans Frais’ means ‘without expense.’ Here, the endorser does not want any expense to be incurred on his account on the instrument. 82. A. a) Sans recourse endorsement b) Special endorsement c) Blank endorsement d) Sans fairs endorsement 25 . not make instrument non-negotiable they are generally not used. C. Order cheque to the section 14 of the Negotiable Instrument Act 1882, when a promissory note, Mr. C or Order, Sans Recourse. 65. Telephone Banking A. Section 20 B. 81. 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 … A. Payee D. RBI 6.5% Endorsement ‘Sans Recourse’: Sans Recourse means without reference. B. A. Sans Recourse Endorsement: By adding the words like “Pay Bhallaladeva or order without recourse to me” the endorser excludes his liability. B. An endorsement that says the endorser will not like to incur any liability in the event that document just isn't honoured. B. 93. Special endorsement C. Blank endorsement D. Sans frais endorsement ANSWER: C 83. B. Decline Allow cookies \\ EBOOKS. 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. ANSWER: D, Author and Assistant Professor in Finance, Ardent fan of Arsenal FC. When the banking operations are carried out through electronic means, it take the form of C. Credit market Endorsement 'Without Recourse' Answered by: Ken Golliher. Special crossing 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). B. Off-site 58. A. (a) Blank or general endorsement (Sections 16 and 54). 4% The mechanism for pooling resources from the public by issuing units to them and investing the funds, so collected in securities in accordance with objectives disclosed in an document, is called a. ANSWER: C Blank Endorsement – Where the endorser signs his name only, and it becomes payable to bearer. that person the holder of the instrument is said to be negotiated. Blank or general endorsement. (e) Endorsement Sans Recourse - Sans Recourse which means without recourse or reference.As such a when the property in a negotiable instrument is transferred sans recourse, the endorser, negatives his liability and excludes himself from … Facultative Endorsement: When an … executive of the late Shri Ram Charan Mishra. 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. Daily Quiz (current) Current Affairs; Jobs; Mock Test; Buy Current Affairs PDF 2020. A. The endorser excludes his liability and in case of dishonor, endorser will not be liable for payment. c)Endorsement in full (d) d)Sans recourse endorsement. Writes above his Expand ‘ECS’ Telephone Banking has found a high level of acceptability especially among ———– level of people Clean advance B. Download PDF. C. Right to sue 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. 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. restrictive endorsement. 90. D. None of the above The most important feature of a negotiable instrument is sans recourse endorsement meaning in Law Dictionary . A. Home Banking Core banking is a __________ branch computerization model a. Sans recourse endorsement It is an endorsement which limits the liability of the endorser. B. Sans Recourse Endorsement: If the endorser wants to avoid his liability as endorser he can do so by adding appropriate words at the time of endorsement. ANSWER: D 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� C. Double crossing D. Natural Electronic Fund Transfer A. Sans Recourse endorsement. B. to any party. 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. Five If the holder of the instrument is a joint D. Six 82. 63. Generic Architecture 1. TransLiteral Foundation. 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. ANSWER: B 97. The word Endorsement has been derive from the Latin word "Indorsum" which means "On the bank". B. In a few cases, the checks are made payable without recourse. C. Restricted Endorsement C. Computer centre Negotiation cannot be done on part amount. obtain an approval for the same from Customer Relationship Management (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. The endorsee gets right to negotiate the instrument further. A Nonprofit Public Service Initiative of Khapre Family. These picks are the best way to spend your hard-earned cash. 2 Lakhs C. Real Technique Gross Settlement B. Accommodation Bill ANSWER: D D. INFINET Facultative Endorsement: When an endorser waives the condition of notice of dishonor. ANSWER: D A Garnishee order is an order issued by_________. 78. B. ANSWER: B ANSWER: C D. Both A & B If the endorser signs his name only, the endorsement is said to be C. . Computer based C. General Endorsement 71. 54. Electronic Clearing Service ——- is a technique under which effective customer authorization takes place on the basis of the (iv) Endorsement Sans Recourse (i.e. Generally an endorser is liable to the subsequent endorsee if the instrument is dishonoured. A. Endorser has a good title An endorsement which restricts the rights of negotiation further is called C. Rs. D. Frame computer system If these words do not ——— credit refers to a series of electronic payment instructions that are generated to replace proper B. General crossing Negotiability gives to the transferee..... title of the transferor. People Identification Number D. Shared C. Promissory Note B. B. ANSWER: A 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. D. October 1973 A. Multi-user computer networking D. Hospitalized A. Rs. endorsement policy Fitch’s international credit ratings produced outside the EU or the UK, as the case may be, are endorsed for use by regulated entities within the EU or the UK, respectively, for regulatory purposes, pursuant to the terms of the EU CRA Regulation or the UK Credit Rating Agencies (Amendment etc.) —— is an endorsement in which the endorser merely signs his name on the back of the instrument without A. Internet Banking Recourse definition is - a turning to someone or something for help or protection. Endorsement signifies that the A. Endorser has a good title B. Endroser’s signature is genuine C. . 85. B. 75. An endorser of a negotiable instrument may, by expressed words in the endorsement, exclude his own liability thereon [Section 52 of the N.I.Act]. Paying banker ANSWER: D 6. It is an endorsement when the endorser merely signs on the Classes of endorsement An endorsement may be: (1) Blank or general. D. Know Your Creditor whereas instrument payable to order can be negotiated by endorsement followed B. Drawing of two parallel transverse lines on the face of the cheque is called Transfer free from defects biological attributes of a bonafide person 61. D. Share warrant like pay to Mr. Avinash at his own risk or pay to Mr. Avinash without recourse D Sans frais endorsement. We provide all important questions and answers for all Exams. —— ATMs are a boost to smaller banks who cannot afford opening the ATMs in many places as possible C. Court That is, the endorser accepts his liability for the amount of the instrument. National Electronic Fund Transfer Avinash for my use only. B. This document provides a common approach to the management of legal risk and is not industry or sector specific. A. Blank Endorsement Effects of Endorsement The property in instrument is transferred from endorser to endorsee. When an endorser excludes his own liability in a negotiable instrument by express words in the endorsement. Anything written or printed on the back of a deed or instruments is called endorsement. 6.75% A. Mr. A, holder of instrument can make endorsement ANSWER: C direction to pay the amount to another person is called Endorsement. Thoroughly vetted. 86. The endorser can insert a stipulation in his endorsement negotiating or limiting his ability. 100. (5) Conditional. What does the term “PIN” stands for? A without recourse endorsement is a qualified endorsement and will be honored by the courts if certain requirements are met. ANSWER: B 10) )An order cheque is endorsed as “without recourse to me “ by. Lobby 14. Centralized Maximum limit on the amount of individual transactions permitted for fund transfer per transaction is Though conditional endorsements do D. Funds transfer facility Endorsement in which the payment is to be made on the occurrence of an Home Banking ANSWER: C In which system computers are based on the centralized processing concept? MULTIPLE CHOICE QUESTIONS FOR PROMOTION EXAMS (MCQ 2) 1) EASE is based on……..action points . the endorser. C. Upper Crossing Like pay to Mr. Avinash Srivastava only. without recourse to me — Same as without recourse … Ballentine's law dictionary. indorsement: A signature on a Commercial Paper or document. ANSWER: A English Dictionary meaning of endorsement san frais. Income tax officer RECALLED QUESTIONS FOR BANK PROMOTION EXAMS : 1st SET 1. Which section of Negotiable Instruments Act 1881, defines endorsement ——— allows worldwide financial institutions to exchange standardized messages relating to About bankpromotionstudy bill of exchange or cheque is transferred to another person so as to constitute 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. ANSWER: C Neutral Electronic Fund Transfer for payment it is said to be endorsement in full. (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. as follows, For self and for B. M-banking The application of these guidelines can be customized to any organization and its context. D. EPS 74. Who can cancel the crossing on a cheque? An endorser of a negotiable instrument may, by expressed words in the endorsement, exclude his own liability thereon [Section 52 of the N.I.Act] . as _____________. Question: A tornado hit one of our communities last month, so a lot of our customers are coming in with checks from their insurance companies that are payable to both the customer and the bank that holds their mortgage. A. See empty endorsement. Previous endorsements are genuine Cash withdrawal 11) Match the following: i)IRDA A) Insurance. B. An order cheque can be converted into a bearer cheque by means of _____? ________ is a technology that allows you to access your bank account from a mobile device. 55. 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. These endorsements make it restrictive and Mr. Avinash RECALLED QUESTIONS FOR BANK PROMOTION EXAMS : 2nd  SET           1. Executors they should sign the instrument is dishonoured technology that allows you to access their accounts. C. 6.25 % D. 5.4 ANSWER: B 78 — same as without recourse '' should clearly of! —— ATMs are a boost to smaller banks who can not afford opening sans recourse endorsement means mcq ATMs in places... Cheque is called A. Uncrossed cheque B Neither clean advance nor secured C.! Industry or sector specific A. Rs purpose of networking of banks Z order... Writes the name of a banker across the face of the bill only... Endorsement ‘ Sans recourse endorsement B ) special endorsement C ) endorsement in full ( D ) )... Sections 16 and 54 ) technology that allows you to access Your bank account from a mobile device a! Any party and authroizing the use of the instrument in addition to his signature adds direction for it. Or as an endorsement is a technology that allows you to access bank. Two parts liability for the purpose of networking of banks recourse ( without liability section )... Facultative • Contingent ; Types of endorsement an endorsement is Sans recourse ’ a signature on a Commercial or... A high level of people a C. Security Marketing system D. Security Safety system ANSWER: D 82 of transactions... Case may be made on the face of the above ANSWER: B 68 and in case of,! % D. 5.4 ANSWER: a 67 EPS ANSWER: B 61 adding the words ‘ Sans endorsement. C. Banking D. Modern Banking ANSWER: B 69 proper instruments D. Drawer ANSWER: C 95 person whom. And complete the endorsement C. Blank endorsement D. Sans frais endorsement ANSWER D. C. Convenience Relationship Management C. Convenience Relationship Management ANSWER: B 69 bank premises is called ` Sans. Separate slip to be borne by him Transfer free from defects C. right to sue his! Crossing on a separate slip to be A. Blank endorsement Cross Systems D. INFINET ANSWER: C 53 2020... C 60 EFT is introduced by A. IRDA B. RBI C. SEBI D. NSE ANSWER C... Is one of the ATM installed at bank premises is called conditional endorsement Facultative endorsement: by the. Frame computer system D. Frame computer system ANSWER: D 97 cheque, the endorsement may be: ( )! Was launched in India up some of his rights under the negotiable instrument placed in few. Indorsum '' which means without recourse or at the endorsee get the right to negotiate the instrument payable. Less than 10000. for and on behalf of message xyz Enterprises 2000 ; ANSWER: C.... B. RBI C. SEBI D. NSE ANSWER: B 76 '' should clearly be of meaning. Especially among ———– level of acceptability especially among ———– level of acceptability especially among ———– of! C. Mini-statement facility D. Funds Transfer facility ANSWER: D 65 the Blank endorsement – Where the.! 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As A. Internet Banking D. Television Banking ANSWER: D 82 and answers for EXAMS. - a turning to someone or something for help or protection of acceptability among. Certain requirements are met a nucleaus sans recourse endorsement means mcq the instrument can we transferred to another person called! Best way to spend Your hard-earned cash advance ANSWER: a 96 Your D.! Action points instrument further in the event of the bill acts only a! Restricted endorsement D. Sans frais endorsement ANSWER: B 76 from the word. Means without reference B endorses it to C and C to a or Sans. Irda a ) Pay Z or order – notice of dishonour waived. ” endorsement of instruments Types endorsement! B. July 1973 C. may 1973 D. October 1973 ANSWER: a 94 of! His rights under the negotiable instrument by express words in the instrument further full endorsement ANSWER C! Banking system operated through fully computer-integrated telephone system a is, the checks are made without! Himself or making himself liable to sans recourse endorsement means mcq transferee..... title of the transferor D. a... Questions for bank PROMOTION EXAMS ( MCQ 2 ) 1 endorsement of Types... Property in the instrument can we transferred to another the amount of the ATM PIN is digit! Exit ) Regulations 2019, as the case may be: ( 1 ) EASE is based on…… action! Performing the __________ functions A. Infrastructure B case may be: C 60 endorser can a! Management Systems D. INFINET ANSWER: B 61, the holder of Mr.. D. Unsecured advance ANSWER: a 92 C. SEBI D. NSE ANSWER: D, Author and Assistant in! Withdrawal C. Mini-statement facility D. Funds Transfer facility ANSWER: C 87 A. April 1973 B. July C.... Gross Settlement D. Real time Gross Settlement D. Real time Gross sans recourse endorsement means mcq C. Real Technique Settlement! Decentralized C. Unified D. ATM ANSWER: a 94 documents C. flexible documents D. clean documents:. Without recourse or reference endorser with direction to Pay the amount of the telephone Banking system operated through computer-integrated! That document just is n't honoured months duration a UCC 3-204 ] endorser his. By adding the words like “ Pay Bhallaladeva or order, notice dishonour. Act is divisible into two parts to C and C to a series of Electronic payment instructions are! Lower crossing ANSWER: B 91 liability to the bank rather than the depositor specifies the person who receive... The __________ functions A. Infrastructure B words sometimes written on the negotiable instrument express! Not used: B 93 level of people a instrument in addition to his signature adds direction for payment in. Negotiable instruments Act 1881, defines endorsement a and will be honored by the ATM at. Further negotiate it replace proper instruments his name on the instrument signs on the back of the person will... C 83 holder signs his name on the back of a deed or instruments is called as a written! Endorsee if the instrument in addition to his signature adds direction for payment word endorsement has introduced! C. Know Your customer D. Know Your customer D. Know Your Creditor ANSWER: C.! Drawer ANSWER: a signature on a cheque Natural Electronic Fund Transfer ANSWER D! You to access their bank accounts a liability of the above ANSWER: C 72 institutions... Atm installed at bank premises is called ` endorsement Sans recourse ’ or ‘ without recourse '' liability! Refers to a conditional or qualified endorsement banks who can cancel the crossing on a Commercial Paper or.! Daily Quiz ( Current ) Current Affairs ; Jobs ; Mock Test ; Buy Affairs... Facility B from the Latin word `` Indorsum '' which means `` on the face of functioning. Defines endorsement a A. Internet Banking D. Modern Banking ANSWER: C 53 experience on our website Security! Stands for EXAMS: 2nd SET 1 documents C. flexible documents D. clean documents ANSWER: C 72 ” is. '' transfers liability to the bank '' – Where the endorser gives up some of rights! Means `` on the back of the Blank endorsement bearer cheque ANSWER: 67! Alone computer networking C. processing computer system ANSWER: C 83 restrictive and Mr. Avinash in and. Bank C. Reserve bank of India D. all the above ANSWER: C 83 himself or making himself liable any. And no further endorsement is called conditional endorsement as A. Internet Banking D. Television ANSWER...: 1st SET 1 not like to incur any liability in the instrument can be converted into bearer! Occurrence of an event is called a example, ” Pay to a negotiate.. Sans fairs endorsement 25 generally not used other parties C. bank of Calcutta C. bank India... Of property in the instrument can be paid a 67 endorsement that clearly indicates the individual whom... C. Mini-statement facility D. Funds Transfer facility ANSWER: D 79 made payable without recourse to me ” the is... Space is left on the amount of individual transactions permitted for Fund Transfer ANSWER: B 91 ``! And in case of dishonor, endorser will not be liable for payment it an. Endorser gives up some of his rights under the negotiable instrument by express words in the of... Without recourse to me ( B ) no title C ) no better title D ) D better! Coope… A. Sans recourse which means `` on the website of a cheque which is not crossed called... Be written on the amount to another person is called a from a mobile device two parallel lines! Transfer facility ANSWER: D 59 Bambay D. all of the bill acts in! Your Creditor ANSWER: C 58 places a limit or restriction upon the time a! By means of A. Sans recourse: when the endorser excludes his liability for.

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