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NTSE Stage 2 SAT 2019 Exam Question Paper

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Question : 14

Total: 100

Siddhik issues a cheque of? 19,000 in favour of Hanush. What happens when the cheque is received and processed in Hanush’s bank?
I. There is no change in their bank accounts.
II. Both their bank balances increase by ₹19,000. in.
III. Siddhik’s bank balance decreases by ₹19,000 and Hanush’s bank balance increases by the same amount.
IV. There is no change in Siddhik’s bank balance although Hanush’s bank balance sees an increase.
Based on the above statements which option is correct?

Only I
I and III
Only III
III and IV

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