Question
As per RBI guidelines, what is the penalty for a person
whose cheque is dishonoured for insufficiency of funds under the Negotiable Instruments Act?Solution
Section 138 of the Negotiable Instruments Act, 1881, states that dishonour of cheque due to insufficient funds can attract imprisonment up to 2 years or fine up to twice the cheque amount or both.
More Previous Year Paper Questions
8 9 22 75 316 ?
...720    ?     240     180      144     120
...12Â Â Â Â Â Â Â Â Â Â 156Â Â Â Â Â Â Â Â 256Â Â Â Â Â Â Â Â 320Â Â Â Â Â Â Â Â 356Â Â Â Â Â Â Â Â ?
...34, 18, 20, ?, 70, 180
Select the number from among the given options that can replace the question mark (?) in the following series.
64, 60, 52, 40, ?, 4
13, 14, 18, 27, 43, ?
2, 9, 19, 32, 48, 67, ?
22 44 176 1078 8448
...17 32 99 ? 1965 11784
...1600, 330, 48, 23.2, ?, 31.0464
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