New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    As per Section 126 of the Negotiable Instrument Act,

    1881, where a cheque is crossed generally, the banker on whom it is drawn shall not pay it otherwise than to_________.
    A Person who presents it Correct Answer Incorrect Answer
    B Banker Correct Answer Incorrect Answer
    C Original maker Correct Answer Incorrect Answer
    D Agent of drawee Correct Answer Incorrect Answer

    Solution

    Section 126 of NI Act - Payment of cheque crossed generally—Where a cheque is crossed generally, the banker on whom it is drawn shall not pay it otherwise than to a banker.

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