Question: What are different types of insurance taken in Cash Management?
Answer:
a) Vault limit Insurance- This is a insurance for the cash which is in the vault room.
b) Counter limit Insurance- This is for cash counter
c) Transit Limit Insurance –This insurance covered all cash carrying transaction.
Question: What are the different type of defective Notes ?
Answer:
1) Altered Note- It is a note in which alteration has been made in the number, date, signature or value or in any other respect.
2) Half Note- It is a half of a note which has been divided vertically through or near the centre.
3) Mismatched Note- It is and imperfect note formed by joining a half note of one note to half note of another note .
4) Mutilated Note- It is a note of which a portion is missing
5) Obliterate Note- It is a note , not being a mutilated or altered note of which a portion has become or has been rendered undecipherable.
Question: What is Negotiable Instrument?
Answer:
A transferable signed document that promises to pay the bearer a sum of money at a future date or on demand.
o Cheques
o Bills of Exchange
o Promissory notes.
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