If a cheque is refused by the State Bank of India (SBI) due to inadequ – McqOptions

MCQOPTIONS

1.	If a cheque is refused by the State Bank of India (SBI) due to inadequacy of funds for the cheque to clear, then it is said to be
A.	Bounced cheque
B.	Cancelled cheque
C.	Either a or b
D.	Both a and b
Answer» B. Cancelled cheque

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