Identify the picture and select the correct answer from the following

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Cheque

One rupee note

Both 1 and 2

None of these

answer is A.

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Detailed Solution

The above image is of a cheque.
A check is a piece of paper that is written by the payer to the bank that holds his account.
In this, he mentioned the amount that he wanted to pay to the receiver, whose name is written on the check. The bank then directly transfers the amount from the account of the payer to the account of the receiver. This transaction takes place without any use of cash. The cheques are mostly used by traders and shopkeepers. For example, Suddha uses a cheque to make her payment to the wholesaler, who then deposits it in his account, and money is directly transferred from Suddha to the wholesaler.

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