BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Section 4
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Section 5
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Section 6
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Section 13
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Detailed explanation-1: -A “cheque” is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand.
Detailed explanation-2: -(1) If any person is dispossessed without his consent of immovable property otherwise than in due course of law, he or any person claiming through him may, by suit, recover possession thereof, notwithstanding any other title that may be set up in such suit. (b) against the Government.
Detailed explanation-3: -(6) Where any direction has been given under sub-section (4) or sub-section (5), the State Government and any police officer of the State Government investigating the offence shall not proceed with the investigation and shall forthwith transmit the relevant documents and records to the Agency.
Detailed explanation-4: -Section 6 of the Negotiable Instruments Act defines what a ‘cheque’ means. According to this provision, a cheque is basically a bill of exchange drawn on a specific banker. Furthermore, it is not payable otherwise than on demand.
Detailed explanation-5: -Section 138 in The Negotiable Instruments Act, 1881.