English

It means signing on the back of the negotiable instrument with the objective of transferring its ownership.

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Question

It means signing on the back of the negotiable instrument with the objective of transferring its ownership.

Options

  • Endorsement

  • Pay-in slip

  • Crossing a cheque

  • Bank draft

MCQ
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Solution

Endorsement

Explanation:

Endorsement means signing on the back of the negotiable instrument with the objective of transferring its ownership.

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Chapter 7: Banking and Bank Transactions - EXERCISES [Page 124]

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Goyal Brothers Prakashan Commercial Applications [English] Class 10 ICSE
Chapter 7 Banking and Bank Transactions
EXERCISES | Q 11. | Page 124
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