| I. If the beneficiary of a cheque has lost the cheque he can instruct the paying bank to stop payment of the cheque without waiting for the account holder's instruments. |
| II. While outsourcing the only consideration should be cost savings. Which of the statements given above is/are correct? |
A) Only I
B) Only II
C) Both I and II
D) Neither I nor II
E) Either I or II
Correct Answer: D
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