New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    When is an offence under Section 138 of Negotiable

    Instruments Act 1881 compoundable? 
    A If the cheque amount is upto Rs. 5,00,000/- Correct Answer Incorrect Answer
    B If the cheque amount is Rs. 10,00,000/- Correct Answer Incorrect Answer
    C If the cheque amount is upto Rs. 20,00,000/- Correct Answer Incorrect Answer
    D Cheque for any amount. Correct Answer Incorrect Answer

    Solution

    As per Negotiable Instruments Act, 1881 all the offences under the act are compundable in nature. Therefore, in aforesaid question the correct answer is d as cheque of any amount will be amounting to a compoundable offence.   S. 147 Offences to be compoundable. —Notwithstanding anything contained in the Code of Criminal Procedure, 1973 (2 of 1974), every offence punishable under this Act shall be compoundable.  

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