Examveda

The offence of dishonour of cheques, for insufficiency, etc., of funds, in the account of the drawer, is punishable with:

A. Imprisonment for a term which may extend to one year or with fine which may extend to the amount of the cheques, or with both

B. Imprisonment for a term which may extend to two year or with fine which may extend to twice the amount of the cheques, or with both

C. Imprisonment for a term which may extend to six months or with fine which may extend five hundred rupees, or with both

D. Imprisonment for a term which may extend to five year or with fine which may extend to five thousand rupees, or with both

Answer: Option B


This Question Belongs to Law >> Negotiable Instruments Act

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