Sambad Shakya

The full form of FOB is Free on Board.

Riksbank of Sweden is the first Central Bank which was established in Sweden in 1656 AD.

The non-banking financial institutions are

• Finance Companies,
• Employees Provident Fund,
• Capital Market,
• Insurance Companies,
• Citizen Investment Fund (Trust).
  

A bearer cheque is a cheque which is made payable to the bearer of the same on presentation at the bank cash counter.

The two reasons for dishonour of a cheque are

• if the cheque is presented with future date or after the expiry of three months period of time from the date of issue of a cheque
• if the bank receives a notice about insolvency of the drawer.
  

Refusal to make the payment of a cheque to the payee by the bank when presented it to the bank counter is called dishonour of cheque.

When is cheque is crossed across its face with two parallel lines to ensure. That the payment reaches to the concerned party is known as crossed cheque.