Question

The drawee of a cheque having sufficient funds of the drawer who fails to pay it when duly required must, under Section 31:

A Compensate the drawer for any loss or damage caused by such default
B Compensate the holder for any loss
C Compensate the payee for any loss
D Pay double the amount of the cheque as penalty
E Be imprisoned for up to two years
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RBI Grade B 2026 Phase 1 Memory Based Paper
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