1) What is Use of cheque? a) Depositing money  b) Withdraw of money c) transferring money to other account  d) 2) Who is the signatory of the cheque? a) Drawee b) Drawer c) Bank d) Payee 3) Who is the person called that money is paid to? a) Payee b) Drawer c) Drawee d) Drawer 4) What is the most important part of cheque? a) Signature of the account holder b) Account number  c) IFSC Code d) MICR Code 5) The bank where the cheque can be presented for payment is called as __________? a) Drawee b) Payee c) Account Holder  d) Drawee 6) Crossing two parallel lines on the left hand top corner of a cheque is called as _______? a) Pay in your self cheque b) Bearer Cheque  c) Crossed cheque d) Local Cheque 7) Choose correct picture of the cheque? a) b) c) d) 8) What is the Full From of MICR code? a) Magnetic Recognition Ink Character b) Magnetic Character Recognition Ink c) Magnetic Ink Character Recognition  d) Ink Character Recognition Magnetic 9) What is the full form of IFSC code? a) Indian Financial System code. b) Indian Finance Systematic code. c) India Financial System code. 10) Cheque which is accepted at all the it's branches across the country called as_______?  a) Local cheque b) At par cheque c) Bearer Cheque d) Self cheque

Cheque-Mate!

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