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Commerce · Q368

Banking and Financial Institutions

Graduate and Post Graduate · Commerce · question 368

Q368

When a drawer draws a cheque without keeping sufficient balance and if the cheque is bounced for insufficient funds, the drawer is punishable with imprisonment which may extend to . . . . . . . . and/or a fine.

A.
two months
B.
one year
Answer
C.
four months
D.
six months

Answer: Option B

Solution

Answer: Option B
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