Multiple choice

Which of the following is now a punishable offence by a Bank Account holder?

  1. If a cheque drawn by him is dishonored for insufficiency of funds in his account

  2. If a cheque is not crossed

  3. If a post dated cheque is issued

  4. None of these

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

Under the Negotiable Instruments Act in India, the dishonor of a cheque due to insufficient funds is a criminal offence.