Multiple choice

Dishonour of trader' s cheques for insufficiency of funds in the account is a

  1. Civil Offence

  2. Criminal offence

  3. Both

  4. None of the above

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Under the Negotiable Instruments Act in India, the dishonour of a cheque due to insufficient funds is a criminal offence punishable by imprisonment or fines.