General Studies · Cheque Truncation System
Which of the following describes the key challenge faced by the Paying Banker when verifying the integrity of a cheque presented through the Cheque Truncation System (CTS)?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The Paying Banker is only responsible for checking the available balance and not the signature.
- 2The Paying Banker must conduct Image Quality Analysis (IQA), which is the sole responsibility of the Collecting Banker.
- 3The Paying Banker is limited to verifying the signature and material alterations based only on the electronic image and accompanying data.✓
- 4The Paying Banker must verify the physical security features on the cheque.
Correct answer
The Paying Banker is limited to verifying the signature and material alterations based only on the electronic image and accompanying data.
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