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Dishonour of a cheque for insufficient funds is an offence under which section of the NI Act?
ASection 25
BSection 31
CSection 56
DSection 138
Answer & Solution
Correct answer: D. Section 138
1. The question asks: Dishonour of a cheque for insufficient funds is an offence under which section of the NI Act.
2. Correct answer: Section 138.
3. Section 138 of the NI Act penalises cheque bouncing.
_Source: BOI Quick Revision — General Banking & Financial Awareness (2020), NI Act §138_