Q. If a cheque is refused by the State Bank of India (SBI) due to inadequacy of funds for thecheque to clear, then it is said to be (Solved)
1. Bounced cheque
2. Cancelled cheque
3. Either a or b
4. Both a and b
- a. Bounced cheque
1. Bounced cheque
2. Cancelled cheque
3. Either a or b
4. Both a and b