How To Fill Out A Cheque Quiz

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| By Sayan_mitra92
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Sayan_mitra92
Community Contributor
Quizzes Created: 15 | Total Attempts: 4,802
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  • 1/8 Questions

    What type of reasons do people write cheques?

    • Shopping
    • Paying bills
    • Paying people
    • All of the above
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Play this quiz to know perfectly how to fill a cheque.

How To Fill Out A Cheque Quiz - Quiz

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  • 2. 

    If you do not sign a cheque you are writing can a person cash it?

    • No

    • Yes

    • Depends on the person who is trying to cash

    • Not sure

    Correct Answer
    A. No
    Explanation
    If you do not sign a cheque that you are writing, a person cannot cash it. The signature on a cheque is a crucial element that verifies the authenticity and authorization of the transaction. Without a valid signature, the cheque is considered invalid and cannot be cashed by anyone.

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  • 3. 

    Can you get into trouble for writing cheqeus without having the correct amount of money?

    • Yes

    • No

    • I do not know

    • No, as long as my name is on the check

    Correct Answer
    A. Yes
    Explanation
    Writing checks without having the correct amount of money can lead to legal consequences. It is considered a form of fraud and can result in charges such as check fraud or issuing a bad check. Writing a check without sufficient funds is illegal and can result in fines, penalties, and even imprisonment depending on the jurisdiction. Therefore, it is important to ensure that there are enough funds in the account before writing a check to avoid getting into trouble.

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  • 4. 

    How many signatures you need to make in the cheque and where?

    • Three places, at the bottom, top and beside the amount

    • 2 at the bottom and top right corners

    • 1 at bottom right corner

    • Not sure

    Correct Answer
    A. 1 at bottom right corner
    Explanation
    The correct answer is 1 at the bottom right corner. Cheques typically require only one signature, which is usually placed at the bottom right corner of the cheque. This signature serves as a verification of the account holder's authorization to withdraw funds from the account.

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  • 5. 

    What happens if you sign a blank cheque?

    • Nothing

    • You cannot cash it

    • Someone can fill out the check and write it for as much as they wish

    • Your check will bounce

    Correct Answer
    A. Someone can fill out the check and write it for as much as they wish
    Explanation
    If you sign a blank cheque, it means that you have given someone else the authority to fill out the details of the cheque, including the amount, and write it for any desired amount. This is risky because the person who possesses the cheque can potentially misuse it by filling out a large amount, leading to financial loss for you. It is important to never sign a blank cheque and always fill out the necessary details before signing it to ensure control over your finances.

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  • 6. 

    How many lines are there on a cheque that you need to fill out?

    • 1

    • 15

    • 3

    • 5

    Correct Answer
    A. 5
    Explanation
    A cheque typically consists of five lines that need to be filled out. These lines include the date line, the payee line where the recipient's name is written, the amount line where the payment amount is mentioned in both numbers and words, the signature line for the account holder's signature, and the memo line where additional notes or details can be added. Therefore, the correct answer is 5.

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  • 7. 

    Do you need to provide id in order to have the cheque go through?

    • No

    • Yes

    • Sometimes

    • Not sure

    Correct Answer
    A. Yes
    Explanation
    Yes, you need to provide an ID in order to have the cheque go through. This is because banks require identification to verify the identity of the person depositing or cashing the cheque. It helps prevent fraud and ensures that the cheque is being processed by the rightful owner of the account. Without proper identification, the bank may refuse to process the cheque.

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  • 8. 

    Do you have to fill out the memo line in order for the cheque to be valid?

    • No

    • Depends

    • Yes

    • I do not know

    Correct Answer
    A. No
    Explanation
    Filling out the memo line on a cheque is not necessary for it to be considered valid. The memo line is simply used to provide additional information about the purpose of the payment, but its absence does not affect the legality or validity of the cheque itself.

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Quiz Review Timeline (Updated): Mar 21, 2023 +

Our quizzes are rigorously reviewed, monitored and continuously updated by our expert board to maintain accuracy, relevance, and timeliness.

  • Current Version
  • Mar 21, 2023
    Quiz Edited by
    ProProfs Editorial Team
  • Aug 21, 2015
    Quiz Created by
    Sayan_mitra92
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