22. Truncation of cheques means:(a) The cheques in the paper form will be retained by the collecting banker and he will submit(b) Entire clearing operations would be done only through computers(c) Cheques will be scanned and the electronic image, instead of physical cheque, will betransmitted in the clearing cycle(d) Debiting the drawer’s accountthrough internet banking(e) None of the above

TRUNCATION OF CHEQUES MEANS

BANKING AWARENESS QUESTION BANK

22.

Truncation of cheques means:

(a) The cheques in the paper form will be retained by the collecting banker and he will submit

(b) Entire clearing operations would be done only through computers

transmitted in the clearing cycle

(d) Debiting the drawer’s account

through internet banking

(e) None of the above