Question:
The other name for Banker’s cheque is:
The other name for Banker’s cheque is:
Updated On: Jan 13, 2026
- Bank draft
- Overdraft
- Pay order
- Demand Draft
Hide Solution
Verified By Collegedunia
The Correct Option is C
Solution and Explanation
Abanker’s cheque, also known as a pay order, is a financial instrument issued by a bank, instructing the bank itself to pay a certain amount to a specified person. It is used for local transactions.
Was this answer helpful?
0
0
Top Questions on Financial Literacy
- Which financial instrument is considered a derivative of securities?
- CBSE CLASS XII - 2025
- Financial Markets Management
- Financial Literacy
- Who handles investor complaints regarding transactions executed on the Exchange?
- CBSE CLASS XII - 2025
- Financial Markets Management
- Financial Literacy
- To whom should the payments and delivery of securities from clients be made directly?
- CBSE CLASS XII - 2025
- Financial Markets Management
- Financial Literacy
- Why does NSE ensure stringent eligibility criteria for membership?
- CBSE CLASS XII - 2025
- Financial Markets Management
- Financial Literacy
- Which segment can NSE members not trade in?
- CBSE CLASS XII - 2025
- Financial Markets Management
- Financial Literacy
View More Questions
Questions Asked in CBSE X exam
- Give the (i) percentage of white flowered plants and (ii) ratio of the gene combinations WW, Ww, and ww in F2 generation.
- CBSE Class X - 2025
- Genetics and Evolution
- AB and CD are diameters of a circle with centre O and radius 7 cm. If \(\angle BOD = 30^\circ\), then find the area and perimeter of the shaded region.
- CBSE Class X - 2025
- Mensuration
- Explain the role of public facilities for quality of life.
- CBSE Class X - 2025
- Development
- Analyze how Wells employs humour, rhyme, and exaggerated traits to not only entertain, but also educate readers about various wild animals. Explain.
(How to Tell Wild Animals) - "We have to use a planned and sustainable manner to conserve our minerals." Support the statement.
- CBSE Class X - 2025
- Minerals and Energy Resources
View More Questions