Multiple choice

According to section 138 of Negotiable Instruments Act, 1881, the dishonor of cheque results in awarding punishment of

  1. two year imprisonment or with fine or both

  2. one year imprisonment only

  3. only fine

  4. no punishment
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A Correct answer
Explanation

According to section 138 of Negotiable Instruments Act, 1881, the dishonor of cheque results in awarding punishment of imprisonment for a term which may be extended to two years or with fine which may extend to twice the amount of the cheque or with both.

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