Which of the following types of cheque protect the holder against risk of loss

Explanation

A crossed cheque is the type of cheque that protects the holder against the risk of loss. When a cheque is crossed, it cannot be encashed over the counter. Instead, it must be deposited into the payee's bank account. This provides an added layer of security because the cheque can only be credited to the account of the payee and reduces the risk of the cheque being lost or stolen.

On the other hand, an open cheque does not have any crossing lines on it and can be encashed by anyone who presents it to the bank. This makes it less secure as it can be easily misused or lost.

A bearer cheque is a type of cheque that is payable to the bearer, meaning anyone who possesses the cheque can cash it. This also poses a risk, as anyone who finds or steals the cheque can use it to withdraw the funds.

A post-dated cheque is a cheque that is dated for a future date. It cannot be encashed until that date. While this can provide some protection against loss, it does not offer the same level of security as a crossed cheque.

Therefore, the correct answer is Option D: Crossed cheque. It is the type of cheque that protects the holder against the risk of loss.