Bissoy.com
Doctors Medicines MCQs Q&A

The duration of a valid cheque is

The duration of a valid cheque is Correct Answer 6 monts

Revised validity period of Cheques, Drafts, Pay Orders & Banker's Cheques. As per RBI guidelines, with effect from April 1, 2012, the validity period of Cheques, Demand Drafts, Pay Orders and Banker's Cheques will be reduced from 6 months to 3 months, from the date of issue of the instrument.

Related Questions

Which of the following is/are false about Dishonour of Cheque?
1. Section 138 defines Dishonour of cheque in terms of issues such as insufficiency of funds in the account.
2. Such cheque has been presented to the bank within a period of twelve months from the date on which it is drawn or within the period of its validity, whichever is earlier.
3. Imprisonment for such offence may be extended for period of five year.
4. Section 138 apply unless - the drawer of such cheque fails to make the payment of the said amount of money to the payee or, as the case may be, to the holder in due course of the cheque, within fifteen days of the receipt of the said notice.
Which of the following statements are true in context of a cheque?
1. Cheque is a special kind of Bill of Exchange.
2. Cheque is always payable on demand.
3. Validity of Cheque is 6 months.
4. Cheque doesn't require any stamping.
Statement I A cheque is an unconditional order to a specified banker to pay the sum mentioned in the cheque.
Statement II A cheque can be drawn only by a person who has his account with bank while a bill can be drawn by any person.
Statement III A cheque may be crossed but a bill of exchange can not be crossed.
Which of the following statement(s) is/are true?
Duration along the critical path defines which of the following? A. Shortest duration needed B. Shortest duration permissible C. Longest duration needed D. Longest duration permissible Select the code for the correct answer from the options given below: 
If Vice-President of India has to discharge the duties of President of India in his absence due to some reasons, then what is/are true for such duration? (i) In this duration, Vice-President holds the post of Chairman of Council of States (ii) In this duration, Vice-President will get the emolument of President (iii) If in this duration, Vice-President resigns, then Chief Justice of India will perform the duties of President of India
M drew a cheque amounting to Rs. 2 lakh payable to N and subsequently delivered to him. After receipt of cheque N endorsed the same to C but kept it in his safe locker. After sometime, N died, and P found the cheque in N's safe locker. State the nature of the Instrument as amounting to indorsement under the Negotiable Instruments Act, 1881.
Read the following statements:
(1) There is a rebuttable presumption that a cheque bearing a date was made or drawn on such date.
(2) It cannot be presumed that the holder of a cheque is a holder in due course.
(3) There is an irrebuttable presumption that the cheque was made or drawn for consideration.
Select the correct answer:
Negotiable Instruments (Amendment) Bill, 2017 inserted a provision allowing a court trying an offence related to cheque bouncing, to direct the drawer (person who writes the cheque) to pay interim compensation to the complainant. The interim compensation will not exceed which of the following percentage of the cheque amount?
A' picks up a cheque on a banker signed by 'B', payable to bearer, but without any sum having been inserted in the cheque. 'A' fraudulently fills up the cheque by inserting the sum of ten thousand rupees. 'A' is guilty of:
In which of the following cases did Supreme Court hold that complaint for dishonor of cheque can be filed at the place where cheque was lodged and not where cheque was issued?