Answer-(PYQ) Under the Negotiable Instruments Act, 1881, a 'Cheque' is defined as a Bill of Exchange drawn...

Section 6 of the NI Act defines a cheque as a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand. It specifically includes the electronic image of a truncated cheque and a cheque in electronic form.

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Q Under the Negotiable Instruments Act, 1881, a "Cheque" is defined as a Bill of Exchange drawn on a:

A Specified Banker

B Public Sector Bank only

C Scheduled Bank only

D Any Financial Institution

E Reserve Bank of India

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