BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Section 6
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Section 6(l)
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Section 6A
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None of the above
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Detailed explanation-1: -Notes: Section 6 of the Negotiable Instruments Act, 1881 (26 of 1881) defines “a cheque in the electronic form” means a cheque drawn in electronic form by using any computer resource and signed in a secure system with digital signature and asymmetric crypto system.
Detailed explanation-2: -Section 6 in The Negotiable Instruments Act, 1881. 1 [ 6 “Cheque”.-A “cheque” is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it includes the electronic image of a truncated cheque and a cheque in the electronic form.
Detailed explanation-3: -Description. A “cheque” is a bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it includes the electronic image of a truncated cheque and a cheque in the electronic form.
Detailed explanation-4: -Section 13 in The Negotiable Instruments Act, 1881.
Detailed explanation-5: -Section 81A. Application of the Act to electronic cheque and truncated cheque.