Multiple choice

In order to prevent frauds in payment of cheques, multi-level scrutiny is mandatory where the amount of a cheque is above

  1. Rs. 10 lac

  2. Rs. 5 lac

  3. Rs. 2 lac

  4. Rs. 1 lac
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Cheques above Rs. 5 lac will have to undergo checks at multiple points before clearance.

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