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Questions and Answers
Which of the following is true regarding cheques in Sri Lanka?
Which of the following is true regarding cheques in Sri Lanka?
- Cheques are only used for large transactions
- Cheques are no longer accepted as a form of payment
- Cheques are widely used in Sri Lanka (correct)
- Cheques are only used by tourists
What is the maximum amount that can be written on a cheque in Sri Lanka?
What is the maximum amount that can be written on a cheque in Sri Lanka?
- 100,000 Sri Lankan Rupees
- 1,000,000 Sri Lankan Rupees (correct)
- 10,000,000 Sri Lankan Rupees
- 10,000 Sri Lankan Rupees
What is the penalty for bouncing a cheque in Sri Lanka?
What is the penalty for bouncing a cheque in Sri Lanka?
- A fine of 1,000 Sri Lankan Rupees
- Imprisonment for up to 6 months
- A fine and imprisonment (correct)
- No penalty
Which type of cheques are not accepted in Sri Lanka?
Which type of cheques are not accepted in Sri Lanka?
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What is the maximum validity period for a cheque in Sri Lanka?
What is the maximum validity period for a cheque in Sri Lanka?
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What is the minimum amount that can be written on a cheque in Sri Lanka?
What is the minimum amount that can be written on a cheque in Sri Lanka?
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