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Question
Truncation of cheques means
Options:
A
.
 Scanning of the cheques and transmission of electronic image instead of physical cheque in the clearing cycle
B
.
 Debiting of drawer’s account through internet
C
.
 Both of the above
D
.
 None of these
Answer: Option A
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More Questions on This Topic :
Question 1.
The drawer of a cheque is always a....
Question 2.
A cheque is considered as stale when if has been in circulation for....
Question 3.
Where the signature of the drawer of a cheque is not genuine , such a cheque is called....
Question 4.
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Question 5.
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Question 6.
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Question 7.
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Question 8.
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Question 9.
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