Cheque Rules and Regulations Quiz in Sri Lanka
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Questions and Answers

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?

  • 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?

  • 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?

    <p>Bearer cheques (B)</p> Signup and view all the answers

    What is the maximum validity period for a cheque in Sri Lanka?

    <p>6 months (B)</p> Signup and view all the answers

    What is the minimum amount that can be written on a cheque in Sri Lanka?

    <p>Rs. 1,000 (B)</p> Signup and view all the answers

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