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Glenna Fernandes 23 days ago
360 Degree Appraisal means suppose you are working as a Senior Assistant in a Firm and your work is accurate and upto mark...For this you get rewarded by your Managers, Board Of Directors and your Seniors at the same time even your Juniors Appraise your work. This is know as 360 Degree Appraisal. Everyone's Appraisal is said to be as 360 Degree Appraisal.


Cheques can be classified into various types. Normally cheques are of four types. These are:

Bearer Cheque: A cheque payable to a person mentioned in the instrument or any person who presents the cheque on the bank’s counter is called bearer cheque. In case of bearer cheque, it can be transferred to another person by mere delivery.

Open Cheque: Holder of an open cheque can get cash across the counter of the bank or holder can transfer to another person by signing at the back of the cheque or even can deposit in his own account.

Order Cheque: Such cheques contain an order to pay money to a particular person mentioned in the instrument. Such cheques are transferable by endorsement.

Crossed Cheque: When two transverse parallel lines on the face of the cheque are put then the cheque is called crossed cheque. Crossing is a direction / instructions to the bank.


• A holder of negotiable instrument means a person who has possession of the instrument in his own name and has the right to recover money mentioned therein.

• Holder is not a person who is in possession of the instrument through theft, possesses lost cheque belonging to another person, if court passes an order not allowing possessor of the instrument to get amount. (section 8 of NIA, 1881)

• Holder has the right to endorse, obtain duplicate instrument in case of loss of original and can sue other in his own name as per the instrument.

4 Thanks 1 Comment
Juhi Kumari 4 months ago
Thank you

Which programme was instituted to help the farmers across timely and adequately credit?

  1. A Kisan Credit Card Yojna 70%
  2. B MNREGA 13%
  3. C RSBY 2%
  4. D Aam Admi Bima Yojna 15%
46 Attempts 1 Comment
kisan credit card yojna

Difference between Transferability and Negotiability:

Transferability means a transfer of any product from one person to another with the condition that the transferor cannot transfer better title in the product to transferee than what he (transferor) himself has. If he has no title in the product which is, say, stolen one, then he (transferor) cannot give transferee any better right on a property that he himself has. If the transferor is caught, then the product has to be returned back to its original owner. However, in case of Negotiable instrument transferee if takes a cheque from the transferor without knowledge of latter’s (transferor’s) defective title (say stolen cheque), then the transferee will have complete title in the property (money) in the cheque and shall not be responsible to the true owner of the cheque from whom stolen. But in transferability, this is not true.

Which nationalized bank was the first to sponsor a regional rural bank in India?

  1. A Syndicate Bank 21%
  2. B Bank of India 33%
  3. C Union Bank of India 26%
  4. D Central Bank of India 21%
43 Attempts

World Bank was started based on which conference

  1. A bretton woods conference 1944 41%
  2. B Carl wood conference 1944 24%
  3. C Carl malbrown conference 1944 12%
  4. D bretton malbrown conference 1944 24%
34 Attempts


• Commercial banking in India is governed by the Negotiable Instruments Act, 1881.

• The enactment of this Act was not only to define and amend the then laws relating to promissory notes, bills of exchange and cheques but also to provide a legal framework for payment and collection of cheques and other negotiable instruments besides fixing duties and responsibilities of paying and collecting bankers and their protection thereof.

• Negotiable Instruments Act also defines and describes the crossing and endorsement of negotiable instruments and their implications.

• With the amendments made in the Negotiable Instruments Act, 1881, new chapter and sections added in it from sections 138 to 142, describes the forging and dishonoring of cheques and their implications. This section was added in the Negotiable Instruments Act, 1881 by way of amendment through Banking, Public Financial Institution and Negotiable Instrument Laws (Amendment) Act, 1988 (Act 66 of 1988).

• Initial three chapters define the terms used in trade and commerce the meaning of various negotiable instruments and other aspects of banking operations like the drawer, drawee, holder, the older for value, holder in due course etc.

• Other chapter like chapters-4 onwards talk about different banking operations, legal framework andguidelines etc. onhow tohandle various includingnegotiation, presentment, payments, crossing, dishonouring and penalty etc.

When an agent asks a customer to invest in a mutual fund product without telling him/her about the risks involved in the investment, the process is termed as-

  1. A mis-selling 30%
  2. B undertaking 17%
  3. C misappropriation of funds 30%
  4. D cross-selling 22%
23 Attempts
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