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› 🏦 JAIIB › PPB › Payment and Collection of Cheques and Other Negotiable Instruments
🏦 JAIIB PPB Payment and Collection of Cheques and Other Negotiable Instruments 18 cards
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PPB Capsule Cards PRO Payment and Collection of…
What is the difference between an 'Endorsement in Blank' (Sec 16) and an 'Endorsement in Full' regarding negotiable instruments?
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Endorsement in Blank vs Full
Payment and Collection of Cheques and Other Negotiable Instruments 45
WA 45
PPB Capsule Cards PRO Payment and Collection of…
What protection does Section 85(1) provide to a paying banker regarding forged endorsements on an 'Order' cheque?
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Protection for Order Cheques (Sec 85-1)
Payment and Collection of Cheques and Other Negotiable Instruments 43
WA 43
PPB Capsule Cards PRO Payment and Collection of…
What three critical conditions define 'Payment in due course' under Section 10 of the Negotiable Instruments Act?
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Payment in Due Course (Sec 10)
Payment and Collection of Cheques and Other Negotiable Instruments 40
WA 40
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How does Section 85(2) of the NI Act simplify the paying bank's responsibility when handling a 'Bearer' cheque?
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Protection for Bearer Cheques (Sec 85-2)
Payment and Collection of Cheques and Other Negotiable Instruments 40
WA 40
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What specific conditions must be met under Section 128 for a paying bank to get protection when paying a crossed cheque?
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Protection for Crossed Cheques (Sec 128)
Payment and Collection of Cheques and Other Negotiable Instruments 40
WA 40
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PPB Capsule Cards PRO Payment and Collection of…
What is the primary statutory liability of a drawee (paying) bank under Section 31 of the NI Act when a valid cheque is presented?
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Paying Bank Liability (Sec 31)
Payment and Collection of Cheques and Other Negotiable Instruments 39
WA 39
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Is a paying bank liable if it pays a materially altered cheque where the alteration was not visually apparent at the time of payment?
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Material Alteration (Sec 89)
Payment and Collection of Cheques and Other Negotiable Instruments 39
WA 39
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What visual distinction separates a 'General Crossing' (Sec 123) from a 'Special Crossing' (Sec 124) on a cheque?
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General vs Special Crossing
Payment and Collection of Cheques and Other Negotiable Instruments 39
WA 39
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What is the legal effect of writing the words 'Not Negotiable' inside the crossing of a cheque?
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Not Negotiable Crossing (Sec 130)
Payment and Collection of Cheques and Other Negotiable Instruments 38
WA 38
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If the amount written in words on a cheque differs from the amount written in figures, which amount is the paying banker legally bound to pay?
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Words vs Figures (Sec 18)
Payment and Collection of Cheques and Other Negotiable Instruments 37
WA 37
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What happens to the negotiability of a cheque if a payee applies a 'Restrictive Endorsement' on the back?
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Restrictive Endorsement (Sec 50)
Payment and Collection of Cheques and Other Negotiable Instruments 37
WA 37
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If a bank unknowingly clears a cheque where the drawer's signature is forged, can the bank legally debit the customer's account?
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Forged Drawer Signature
Payment and Collection of Cheques and Other Negotiable Instruments 35
WA 35
PPB Capsule Cards PRO Payment and Collection of…
Under Section 138, what are the three mandatory conditions to prosecute a drawer for a cheque bounced due to insufficient funds?
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Section 138 - Dishonour Conditions
Payment and Collection of Cheques and Other Negotiable Instruments 34
WA 34
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If a company issues a cheque that bounces under Section 138, who is legally held liable for the offence under Section 141?
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Offences by Companies (Sec 141)
Payment and Collection of Cheques and Other Negotiable Instruments 34
WA 34
PPB Capsule Cards PRO Payment and Collection of…
According to the Negotiable Instruments Act 1881 (NIA), what are the three specific kinds of instruments widely used in commercial transactions?
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NI Act Instruments
Payment and Collection of Cheques and Other Negotiable Instruments 33
WA 33
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What is the validity period of a cheque from its date of issue, after which the paying bank will consider it a 'stale' cheque?
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Stale Cheque Validity
Payment and Collection of Cheques and Other Negotiable Instruments 32
WA 32
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What type of judicial process is mandated for offences under Section 138 of the NI Act to ensure speedy resolution?
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Summary Trial (Sec 143)
Payment and Collection of Cheques and Other Negotiable Instruments 31
WA 31
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How does Section 6 of the Negotiable Instruments Act precisely define a 'Cheque' compared to other bills of exchange?
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Definition of a Cheque (Sec 6)
Payment and Collection of Cheques and Other Negotiable Instruments 31
WA 31
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Payment and Collection of Cheques and Other Negotiable Instruments — JAIIB PPB Capsules

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Endorsement in Blank vs Full What is the difference between an 'Endorsement in Blank' (Sec 16) and an 'Endorsement in Full' regarding… Protection for Order Cheques (Sec 85-1) What protection does Section 85(1) provide to a paying banker regarding forged endorsements on an 'Order… Payment in Due Course (Sec 10) What three critical conditions define 'Payment in due course' under Section 10 of the Negotiable Instrum… Protection for Bearer Cheques (Sec 85-2) How does Section 85(2) of the NI Act simplify the paying bank's responsibility when handling a 'Bearer'… Protection for Crossed Cheques (Sec 128) What specific conditions must be met under Section 128 for a paying bank to get protection when paying a… Paying Bank Liability (Sec 31) What is the primary statutory liability of a drawee (paying) bank under Section 31 of the NI Act when a… Material Alteration (Sec 89) Is a paying bank liable if it pays a materially altered cheque where the alteration was not visually app… General vs Special Crossing What visual distinction separates a 'General Crossing' (Sec 123) from a 'Special Crossing' (Sec 124) on… Not Negotiable Crossing (Sec 130) What is the legal effect of writing the words 'Not Negotiable' inside the crossing of a cheque? Words vs Figures (Sec 18) If the amount written in words on a cheque differs from the amount written in figures, which amount is t… Restrictive Endorsement (Sec 50) What happens to the negotiability of a cheque if a payee applies a 'Restrictive Endorsement' on the back? Forged Drawer Signature If a bank unknowingly clears a cheque where the drawer's signature is forged, can the bank legally debit… Section 138 - Dishonour Conditions Under Section 138, what are the three mandatory conditions to prosecute a drawer for a cheque bounced du… Offences by Companies (Sec 141) If a company issues a cheque that bounces under Section 138, who is legally held liable for the offence… NI Act Instruments According to the Negotiable Instruments Act 1881 (NIA), what are the three specific kinds of instruments… Stale Cheque Validity What is the validity period of a cheque from its date of issue, after which the paying bank will conside… Summary Trial (Sec 143) What type of judicial process is mandated for offences under Section 138 of the NI Act to ensure speedy… Definition of a Cheque (Sec 6) How does Section 6 of the Negotiable Instruments Act precisely define a 'Cheque' compared to other bills…
Chapters in this paper
Banker-Customer Relationship Principles of Lending, Different Types of Borrowers, and Types of Credit Facilities Essentials of Bank Computerisation Ethics, Business Ethics & Banking: An Integrated Perspective AML- KYC Guidelines Appraisal and Assessment of Credit Facilities Operational Aspects of CBS Environment Ethics at the Individual Level Operational Aspects of KYC Operational Aspects of Loan Accounts Alternate Delivery Channels – Digital Banking Ethical Dimensions: Employees Opening Accounts of Various Types of Customers Types of Collaterals and their Characteristics Data Communication Network and EFT Systems Work Ethics and the Workplace
Modules in PPB
MODULE A: General Banking Operations MODULE B: Functions of Banks MODULE C: Banking Technology MODULE D: Ethics in Banks and Financial Institutions
JAIIB papers
IE-IFS — Indian Economy & Indian Financial System PPB — Principles & Practices of Banking AFM — Accounting & Financial Management for Bankers RBWM — Retail Banking & Wealth Management
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