Chapter 3

NCERT
Class 10
Economics
Solutions
1. M. Salim wants to withdraw Rs 20,000 in cash for making payments. How would he write a cheque to withdraw money?

Question:

M. Salim wants to withdraw Rs 20,000 in cash for making payments. How would he write a cheque to withdraw money?

Answer:

First of all M. Salim will write the date in the space provided in the cheque. He will himself order the payment to the bank. He will also write 'twenty thousand only' against the printed word 'Rupees' in the check and enter the amount and account number i.e. ₹ 20,000/- and 20019162063 respectively in the boxes provided. M. Salim will sign the check on the bottom right corner, after that he will take that check and deposit it at the bank's withdrawal counter and get the money from the cashier.

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