Understanding the types of money and Cheques is fundamental for banking aspirants, as these topics are frequently asked in exams like SBI PO, IBPS PO, Clerk, and RBI Grade B. They form the base of banking transactions, payment systems, and financial instruments used in daily operations.
While types of money explain the evolution and forms of currency in an economy, cheques represent one of the most important negotiable instruments used for payments. A clear understanding of both helps in building strong conceptual clarity for exams as well as practical banking awareness.
Types of Money & Cheques, Study Notes, FREE PDF
This FREE banking awareness PDF covers money types and cheque concepts in a simple, exam-focused way.
What You Will Get in the PDF:
- Types of Money: Commodity, Fiat, Fiduciary, Digital
- Basics: Legal Tender & Near Money
- Cheques: Definition & parties (Drawer, Drawee, Payee)
- Types: Bearer, Order, Crossed, A/C Payee, Post-dated
- Crossing: General & Special
- Handling: Endorsement & Dishonour
- Exam Focus: Key facts & PYQs
- Revision: Short notes & tricks
- Practice: 50+ MCQs
Types of Money & Cheques, Live Quiz
Test your understanding with a real exam-level quiz designed to improve accuracy and speed. These questions are based on actual banking exam patterns.
Q1. Commodity money includes:
Q2. Fiat money is issued by:
Q3. Legal tender means:
Q4. Near money includes:
Q5. Digital money includes:
Q6. A cheque is a:
Q7. Drawer is:
Q8. Drawee is:
Q9. Payee is:
Q10. Bearer cheque means:
Q11. Order cheque is payable to:
Q12. Crossing a cheque means:
Q13. A/C Payee cheque is:
Q14. Post-dated cheque:
Q15. Stale cheque validity:
Q16. Self cheque used for:
Q17. General crossing uses:
Q18. Special crossing includes:
Q19. Endorsement means:
Q20. Dishonour of cheque means:
Quiz Summary
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Q21. Insufficient funds leads to:
Q22. Fiduciary money is:
Q23. Representative money is:
Q24. RBI issues:
Q25. Coins issued by:
Q26. Negotiable instrument includes:
Q27. MICR code used for:
Q28. CTS means:
Q29. Cheque validity now:
Q30. Open cheque is:
Q31. Restrictive crossing:
Q32. Forged cheque:
Q33. Alteration needs:
Q34. Cheque book issued by:
Q35. Banker-customer relation is:
Q36. Which is not money:
Q37. Demand deposit includes:
Q38. Time deposit includes:
Q39. Currency note signed by:
Q40. Main function of money:
Quiz Summary
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Hi, I’m Tripti, a senior content writer at Oliveboard, where I manage blog content along with community engagement across platforms like Telegram and WhatsApp. With 3+ years of experience in content and SEO optimization related to banking exams, I have led content for popular exams like SSC, banking, railway, and state exams.