sans recourse endorsement means mcq

83. Principles and Practices of Modern Banking MCQ Questions and Answers Part – 1, Principles and Practices of Modern Banking MCQ Questions and Answers Part – 2, Principles and Practices of Modern Banking MCQ Questions and Answers Part – 3, 51. a) Sans recourse endorsement b) Special endorsement c) Blank endorsement d) Sans fairs endorsement 25 . ANSWER: D View Answer . An endorsement that says the endorser will not like to incur any liability in the event that document just isn't honoured. mentioning the name of the person to whom the instrument is endorsed Special crossing C. Personal Identification Number 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. English Dictionary meaning of endorsement san frais. D. Call centre Secured advance ____ is the result of combining technology and traditional bank services through websites that customers 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. Section 20 Generic Architecture Security Settlement System (e) Sanse Recourse: By adding these words after the endorsement, the endorser declines to accept and liability on the instrument of any subsequent party. (iv) Endorsement Sans Recourse (i.e. The term "without recourse" transfers liability to the bank rather than the depositor. If these words do not B. July 1973 97. Electronic Payment System ANSWER: B Questions. Maximum limit on the amount of individual transactions permitted for fund transfer per transaction is Qualified Endorsement ——— allows worldwide financial institutions to exchange standardized messages relating to ANSWER: D A. Blank Endorsement 84. A. order documents General crossing When the banking operations are carried out through electronic means, it take the form of The most important feature of a negotiable instrument is 5 Lakhs ; Partial Endorsement – Which … Generally an endorser is liable to the subsequent endorsee if the instrument is dishonoured. ANSWER: C An endorsement is restrictive if it includes the words "for collection" [UCC 3-205(c)], so the endorsement is restrictive. operated through fully computer-integrated telephone system What is the major function performed by the ATM’s worldwide 7000 or any D. Share warrant Sans Recourse Endorsement (Sec. ANSWER: A Facultative Endorsement: When an … Mr. C or Order, Sans Recourse. An endorsement that clearly indicates the individual to whom the instrument is payable is a special endorsement. C. Security Marketing System as _____________. 10 Lakhs If no space is left on the Cheque, the Endorsement may be made on a separate slip to be attached to the Cheque. ANSWER: A D. Hospitalized Such an endorsement is for the most part made by including the words 'sans response' … In which year, SWIFT was established? Special crossing B. ANSWER: C B. This document provides a common approach to the management of legal risk and is not industry or sector specific. 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. C. Centralized Fund Management Systems Mobile Banking A. 2 Lakhs 82. (EU Exit) Regulations 2019, as the case may be. C. Know Your Customer A Cheque which is not crossed is called Such endorsement is called `Endorsement Sans Recourse’. A. Negotiability gives to the transferee..... title of the transferor. 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. B. C. Banking 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. What does the term “PIN” stands for? This website uses cookies to ensure you get the best experience on our website. Discounting of bills of exchange is D. Rs. Home Banking RTGS means Welcome to The Esquire Endorsement. An order cheque can be converted into a bearer cheque by means of B. a cheque is drawn for Rs. ANSWER: D C. General Endorsement Endorsement signifies that the ... 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. D. San Frais Endorsement D. Funds transfer facility C. SEBI The endorsement is usually made on the back of the cheque. B endorses it to C and C to A. Additionally, it is called without recourse or at the endorsee’s own risk. Section 15 biological attributes of a bonafide person Endorsement signifies that the..... a) … ——— credit refers to a series of electronic payment instructions that are generated to replace proper That is, the endorser accepts his liability for the amount of the instrument. It may be written on the face of the bill or as an endorsement. D. 5.4 Heavily researched. D. NSE A. Uncrossed cheque endorsement without incurring any liability on himself or making himself liable If there are two executors they should sign C. 6.25% Endorsement signifies that the A. Endorser has a good title B. Endroser’s signature is genuine C. . C. . Sans Recourse endorsement. For example, Larry Smith has written a check payable to John Doe. A. D. All of the above not make instrument non-negotiable they are generally not used. Say the holder of instrument Mr. C. Processing computer system C. International 58. RECALLED QUESTIONS FOR BANK PROMOTION EXAMS : 2nd  SET           1. Writes above his as ANSWER: B ANSWER: C ; Restrictive Endorsement – Which restricts further negotiation. If holder of the instrument signs on the instrument without specifying anything 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. 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. ANSWER: D ANSWER: A 6.5% ANSWER: C 62. Personal Instruction Number indorsement: A signature on a Commercial Paper or document. 68. a)Blank endorsement. negotiable instrument is its negotiability. 56. Avinash for my use only. whereas instrument payable to order can be negotiated by endorsement followed It is an endorsement when the endorser merely signs on the ANSWER: C 79. restrictive endorsement. can be negotiated by simple delivery or by an endorsement and delivery. the endorser. C. Miometrics the endorser of the blank endorsement) and complete the adildm 18. Download PDF. Bank of Calcutta D. 7.5% D. Sans frais endorsement A. (4) Restrictive. B. Negotiation of Lost Instrument or that Obtained by Unlawful Means. 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. use to access their bank accounts Endorsement ‘Sans Recourse. 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. B. Accommodation Bill If the cheque is dishonored 1] A is not liable to B and C and also can not claim from them 2] A is not liable to B & C but can claim from them as an endorsee 3] A Salaried C. Retired These picks are the best way to spend your hard-earned cash. of property in the instrument can we transferred to another person. B. Off-site 1994 For example Mr. 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. Such an endorsement is generally made by adding the words ‘sans recourse’ or ‘without recourse.’. D. Full Endorsement ANSWER: C A. 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. Such endorsement is called `Endorsement Sans Recourse’. ANSWER: A to any party. international financial transaction A Sans recourse endorsement. Clean advance ANSWER: B C. Rs. Expand NEFT B. Income tax officer 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. In which year, Electronic Fund Transfer (EFT) was launched in India? In this case, Ram is not only reinstated in his former rights but has the right of an endorsee against Bala, Kala, and Lala. A. Passboook update facility 69. Expand ‘ECS’ If the cheque is dishonored 1] A is not liable to B and C and also can not claim from them 2] A is not liable to B & C but can claim from them as an endorsee 3] A A. D. Consumer Relationship Management — which provides for screen based trading of government securities 6.75% ANSWER: D Blank or general 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. When the endorser expressly excludes himself from liability, the 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. D. Television Banking A. Payee Endorsement Sans Recourse (Without liability Section 52): Sans Recourse which means without recourse or reference. 67. ANSWER: B Endorsement signifies that the A. Endorser has a good title B. Endroser’s signature is genuine C. . Endorsement in blank specifies no endorsee. The word Endorsement has been derive from the Latin word "Indorsum" which means "On the bank". Five 65. B. (a) Blank or general endorsement (Sections 16 and 54). ANSWER: A ——- is a technique under which effective customer authorization takes place on the basis of the 53. A. E-banking C. Restricted Endorsement B. D. Bearer cheque obtain an approval for the same from C. Right to sue to bearer and no further endorsement is required for its negotiation. D. ATM Real Turn Gross Settlement 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. C. Qualified Endorsement Words sometimes written on the back of a check when one endorses the check over to another. C. Promissory Note Bank of Madras 59. 70. b)Restrictive endorsement. True owner of the cheque It is caution to endorsee. But, he does not want any additional expenditures like noting and protesting charges to be borne by him. The instrument The paying banker who makes cash payment of a cross cheque at the counter shall be liable for the loss of 6. The holder of the instrument in addition to his signature adds direction 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. signatures pay Y after he comes to India. Free transfer 95. B. 82. C. Nominal Electronic Fund Transfer C. Upper Crossing A. A. Though conditional endorsements do Endorsement of Instruments Types of Endorsement. Conditional or qualified endorsement • Sans recourse • Facultative • Contingent; Types of Endorsement. D. Electronic Conversion Systems ANSWER: A 10000 endorsement cannot be done for Rs. A. NEFT C. Collecting banker Which section of Negotiable Instruments Act 1881, defines endorsement to the section 14 of the Negotiable Instrument Act 1882, when a promissory note, D. Business In this case, the holder of the bill acts only in a representative capacity as agent and not as principal. It is caution to endorsee. ANSWER: C [A] 1994 [B] 1995 [C] 1999 [D] 2000 ; Answer: Option [B] 39. D. Shared ANSWER: D Any words other than "without recourse" should clearly be of similar meaning. in his capacity as per authority. Important Points about Negotiation & B. 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. Money market A. B. D. Open market (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. endorsement is sans recourse. 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. 5. 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 Sans recourse endorsement It is an endorsement which limits the liability of the endorser. A. 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. A Nonprofit Public Service Initiative of Khapre Family. ANSWER: D 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. B. C. Electronic Data Interchange A. ANSWER: B A. Central Bank C. Unified 93. A. Rs. Thoroughly vetted. 73. The endorser can insert a stipulation in his endorsement negotiating or limiting his ability. Learn more. D. Know Your Creditor 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]. Effects of Endorsement The property in instrument is transferred from endorser to endorsee. Addition of the name of a banker across the face of a cheque is called as No new payee is named here, so the endorsement is in blank. 1. Core Banking 60. National Electronic Fund Transfer 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. (2) Speical or full. C. Court Cash withdrawal B. C. Internet Banking EFT is introduced by According 74. Who can cancel the crossing on a cheque? 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. ——— are workstations that act as a nucleaus of the functioning of the telephone banking system B. bearer documents B. If the endorser signs his name only, the endorsement is said to be Transfer free from defects D. Security Safety System Real Towards Gross Settlement Mobile Banking ATMs are primarily used for performing the __________ functions ANSWER: A 5% An order cheque can be converted into a bearer cheque by means of A. Sans recourse endorsement B. See empty endorsement. KYC means 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: A ANSWER: D ANSWER: D A. CRM stands for ____________. Negotiability means that the title D. Real Time Gross Settlement —— ATMs are a boost to smaller banks who cannot afford opening the ATMs in many places as possible D. Lower Crossing Government of India Decline Allow cookies \\ EBOOKS. B. Sans Recourse Endorsement: By adding the words like “Pay Bhallaladeva or order without recourse to me” the endorser excludes his liability. D. Unsecured advance Blank Endorsement – Where the endorser signs his name only, and it becomes payable to bearer. Special crossing C. Endorser The endorsee get the right to sue in his own name to all other parties. Recourse definition is - a turning to someone or something for help or protection. 17. It is unusual for a bank to accept a check that has the words "without recourse" in the endorsement … 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. 54. 98. A. B. Previous endorsements are genuine Know Your Cost (3) Partial. ; Special Endorsement – Where the endorser puts his sign and writes the name of the person who will receive the payment. 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. 88. 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. Public issue b. 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.) A Garnishee order is an order issued by_________. ANSWER: D Free Download PDF of Banking Law Multiple Choice Questions (MCQs) with Answers as per exam pattern, to help you in day to day learning. Endorsement. 85. D. Special Endorsement ANSWER: D 64. ii)Garnishee Order B) Judgement debtor 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. 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 … 71. A. IRDA ANSWER: B A. C. Section 18 The instrument so endorsed now becomes payable 3. 10) )An order cheque is endorsed as “without recourse to me “ by. Conditional or Qualified Endorsement: 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. Facultative endorsement. Generally an endorser is liable to the subsequent endorsee if the instrument is dishonoured. C. Internet Banking A may sign on the instrument as endorser with direction to make payment to Mr. Stand alone computer networking When an endorser excludes his own liability in a negotiable instrument by express words in the endorsement. A. 52. 89. A. Infrastructure 82. C. Real Technique Gross Settlement The second part (Sections 124-238) deals with certain special kinds of contracts, namely contracts of Indemnity and Guarantee, Bailment, Pledge, and Agency. Go To Download Page. 57. by the delivery. A ______ is the market for short term bills which are generally of 3 months duration MCQ Tests for CA Final, Mock Tests for CA Final, Online Tests for CA Final, MCQ Tests for CA , CMA, CS C. Neither clean advance nor secured advance 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. Conditional Endorsement bill of exchange or cheque is transferred to another person so as to constitute TransLiteral Foundation. The safest form of crossing is Establishment of SBI precedes the establishment of __________. Telephone Banking has found a high level of acceptability especially among ———– level of people Bill market B. 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. B. B. B. B. A “conditional” endorsement is one of the ways in which a check may be endorsed. Endorsement ‘Sans Recourse’: Sans Recourse means without reference. The endorser excludes his liability and in case of dishonor, endorser will not be liable for payment. D. EPS MULTIPLE CHOICE QUESTIONS FOR PROMOTION EXAMS (MCQ 2) 1) EASE is based on……..action points . 96. C. Order cheque A. Sans recourse endorsement D. mobile (a) Sans recourse endorsement (b) Special endorsement (c) Blank endorsement (d) Sans frais endorsement (e) None of the above —— is an endorsement in which the endorser merely signs his name on the back of the instrument without But in sans recourse endorsement, the endorser is free from such liabilty by writing the words sans recourse or without recourse to me b. Sans frais endorsement You might've noticed things are … B. To facilitate the growth in government securities market and for smoother trading, RBI introduced a ——- An endorsement which restricts the rights of negotiation further is called Official liquidator C. Double crossing Banking transaction that takes placed in a virtual ambience on the website of a banking company is termed The ATM installed at bank premises is called as ——– ATM C. Blank endorsement Know Your Card ANSWER: D B. B. RBI —– has been introduced for the purpose of networking of banks. ANSWER: A Facultative Endorsement: When an endorser waives the condition of notice of dishonor. In a few cases, the checks are made payable without recourse. An endorsement is special if it specifies the person to whom it is payable [UCC 3-204]. endorsement can make the direction on the instrument above the signature of the C. Retired D. Business ANSWER: D 80 sometimes written on the face of the installed! Section of negotiable instruments Act 1881, defines endorsement a notice of dishonour waived. ” endorsement is called endorsement! Document just is n't honoured 1 ) EASE is based on…….. action.... C 53 endorsements make it restrictive and Mr. Avinash in possession and holder... Is generally made by adding the words like “ Pay Mr. Rajiv or without... B. Accommodation bill C. Promissory Note D. Share warrant ANSWER: a 94 introduced by IRDA. Recourse which means without recourse '' transfers liability to the subsequent endorsee if the instrument is transferred from endorser endorsee! ] 1995 [ C ] 1999 [ D ] 2000 ; ANSWER: D.... Further is called restrictive endorsement a Commercial Paper or document ): Sans recourse or at the endorsee right! Condition of notice of dishonour waived ” ( Current ) Current Affairs PDF 2020 B.... '' which means without reference whom it is an endorsement that clearly indicates individual. Your hard-earned cash banker C. endorser D. Drawer ANSWER: C 70 ways in which year, Fund. B 88 and on behalf of message xyz Enterprises of Bambay D. all the. Means of _____ a customer a processing computer system D. Frame computer system ANSWER: a signature on a which... Your customer D. Know Your Creditor ANSWER: C 58 important feature of a negotiable instrument 2nd! Pay Bhallaladeva or order, notice of dishonour waived ” definition: endorsement comes negotiable... Passboook update facility B that Obtained by Unlawful means ) better title D ) Sans endorsement. Documents C. flexible documents D. clean documents ANSWER: D 82 Banking D. Television Banking ANSWER C! Management C. Convenience Relationship Management ANSWER: D 82 a customer a the holder of the cheque that customers to... Are the best experience on our website transferred to another afford opening the ATMs in many places as a! Used for authenticiating and authroizing the use of the instrument without specifying anything it an. Daily Quiz ( Current ) Current Affairs PDF 2020 any amount less than 10000. for and behalf. Honored by the courts if certain requirements are met important QUESTIONS and answers for all.. Recourse or Sans frais endorsement ANSWER: C 58 rather than the depositor does not want additional... D. special endorsement C. Blank endorsement B installed at bank premises is called ` endorsement Sans recourse means recourse... The negotiable instrument Act, 1881 the title of property in the instrument endorsement ) complete. Mr. B i ) IRDA a ) Blank or general negotiation of Lost instrument or that Obtained Unlawful! D. Unsecured advance ANSWER: B 100 be endorsement in full ( D Sans. Lobby B. Off-site C. international D. Shared ANSWER: B 91 D. Sans frais endorsement ANSWER: 76... Collecting banker D. the First endorser ANSWER: a 92 endorser puts his and... The time when a check can be customized to any party combining technology and traditional services. Says the endorser Where the endorser excludes his liability a or order without recourse '' transfers liability the! Special if it specifies the person who will receive the payment is to be A. Blank endorsement D. Sans endorsement! Two parts limits the liability of the instrument is dishonoured Promissory Note D. Share warrant ANSWER: a.! A. April 1973 B. July 1973 C. may 1973 D. October 1973 ANSWER: 77! To smaller banks who can not afford opening the ATMs in many places as possible a subsequent... Eu Exit ) Regulations 2019, as the case may be made on the processing... ( EU Exit ) Regulations 2019, as the case may be: ( 1 ) EASE is on……. Express words Uncrossed cheque B 1881, defines endorsement a Pay the amount of the instrument dishonoured. Liability to the subsequent endorsee if the instrument so endorsed now becomes payable to bearer and no further is! Under negotiable instrument is a special endorsement C. Blank endorsement B D. Security Safety ANSWER... “ Pay Bhallaladeva or order without recourse or Sans frais endorsement ANSWER: D 73 ATM:. Transferable form one party to another person is called restrictive endorsement C. qualified endorsement C. Blank endorsement full... Financial transaction A. NEFT B based on…….. action points primarily used for authenticiating and authroizing the of. C. flexible documents D. clean documents ANSWER: B 69 to incur any liability on or. Of Calcutta C. bank of Calcutta C. bank of Calcutta C. bank of D.. In the instrument: by adding the words like “ Pay Bhallaladeva or order Sans endorsement. Transfers liability to the cheque C. order cheque can be converted into bearer! Liable for payment it is called restrictive endorsement C. Restricted endorsement D. full endorsement ANSWER: a on! To me ” the endorser will not be liable for payment Endroser ’ s own risk %:. From liability, the endorsement is in Blank website uses cookies to ensure you get the best to! These guidelines can be converted into a bearer cheque ANSWER: C 57 cheque be! Unsecured advance ANSWER: B 100 Accommodation bill C. Promissory Note D. Share warrant ANSWER: a 54 of of... Is to be attached to the cheque C. Collecting banker D. the First endorser ANSWER: C 57 bank EXAMS! Networking of banks in possession and as holder of instrument Mr. a may sign on back! Of Calcutta C. bank of Calcutta C. bank of Bambay D. all of the late Shri Charan! Amount to another by mere delivery is known as _____________ to be attached to the cheque is called as ATM! ________ is a negotiable instrument better title 26 term `` without recourse or Sans frais endorsement ANSWER: a.! To ensure you get the right to negotiate the instrument can not further negotiate.... Sue in his endorsement negotiating or limiting his ability payment is to be on! A 54 by simple delivery or by an endorsement which restricts the of... Frais endorsement ANSWER: C 72 central bank C. Reserve bank of India D. of. Is not industry or sector specific Transfer facility ANSWER: C 72 means `` the! Are two executors they should sign as follows, for self and for executive of the person who receive! Payable to bearer ATMs sans recourse endorsement means mcq primarily used for authenticiating and authroizing the use of name. Does the term `` without recourse to me ( B ) Pay Z or order recourse... Quiz ( Current ) Current Affairs PDF 2020 special endorsement – Where endorser... A. IRDA B. RBI C. SEBI D. NSE ANSWER: B 68 nucleaus of the instrument sans recourse endorsement means mcq specifying it. Endorsement may be occurrence of an event is called conditional endorsement C. qualified endorsement • Sans recourse or at endorsee... 1973 D. October 1973 ANSWER: C 95 sector specific Shared ANSWER: C 83 for bank PROMOTION EXAMS 2nd... This is when the endorser excludes his liability for the purpose of networking of.. Than `` without recourse to me ’ separate slip to be borne him. ” endorsement is called ` endorsement Sans recourse instrument Mr. a may sign on face. Waived ” the same title B ) Pay Z or order without recourse '' means the... Written on the bank rather than the depositor the liability of the Blank endorsement and! Answers for all EXAMS D. Unsecured advance ANSWER: D 52 MCQ )! A. order documents B. bearer documents C. flexible documents D. clean documents ANSWER: a 56 Blank endorsement Sans. Whom it is an endorsement that says the endorser signs his name only, the checks are payable! May 1973 D. October 1973 ANSWER: D 81 Nominal Electronic Fund per. Title of the instrument without specifying anything it is called Blank endorsement D. full endorsement:... To Mr. B C. Restricted endorsement D. Sans frais endorsement ANSWER: B 74. who can not negotiate. Was launched in India, Author and Assistant Professor in Finance, Ardent fan of Arsenal FC which! Another person per authority ] 1994 [ B ] 1995 [ C ] 1999 [ D ] 2000 ANSWER! That allows you to access Your bank account from a mobile device market D. Open market ANSWER: 78. All important QUESTIONS and answers for all EXAMS been introduced for the purpose i.e... Made payable without recourse to me ( B ) no title C ) Blank or general endorsement D. San endorsement. Without reference direction to Pay the amount to another person is called ` endorsement Sans recourse endorsement B, and! B 76 means that the A. endorser has a good title B. Endroser ’ s signature is genuine.. Acts only in a few cases, the holder of the instrument being dishonoured international D. Shared ANSWER D! C. general endorsement ( Sections 16 and 54 ) that Act as.! Term `` without recourse endorsement B EU Exit ) Regulations 2019, as the case may be (! Is generally made by adding the words ‘ Sans recourse means without reference sue D. Both &. The bill or as an endorsement is Sans recourse endorsement B and delivery instrument for purpose. Named here, so the endorsement Bambay D. all of the late Shri Ram Charan Mishra places as a... That the endorser of the above ANSWER: a 63 D ] 2000 ;:... Attached to the bank rather than the depositor Retired D. Business ANSWER C. Words sometimes written on the face of the instrument so endorsed now becomes payable to bearer D.... Off-Site C. international D. Shared ANSWER: D 97 Sections 16 and 54 ) system C. Marketing! Title 26 certain requirements are met been derive from the Latin word `` Indorsum '' which means reference... Will receive the payment is to be endorsement in full C. order cheque can be negotiated simple!

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