Cheque Rules and Regulations Quiz in Sri Lanka
6 Questions
0 Views

Cheque Rules and Regulations Quiz in Sri Lanka

Created by
@WellWishersMorganite

Podcast Beta

Play an AI-generated podcast conversation about this lesson

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</p> Signup and view all the answers

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

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

    More Like This

    Cheque Endorsement and Crossing Quiz
    40 questions

    Cheque Endorsement and Crossing Quiz

    CharitableChrysoprase avatar
    CharitableChrysoprase
    Cheque Expiration and Interac e-Transfer FAQs
    17 questions

    Cheque Expiration and Interac e-Transfer FAQs

    TougherCanto avatar
    TougherCanto
    El Cheque como Forma de Pago
    9 questions

    El Cheque como Forma de Pago

    YouthfulOpArt avatar
    YouthfulOpArt
    Cheque Negotiability and Endorsement
    15 questions

    Cheque Negotiability and Endorsement

    SensitiveTrumpet avatar
    SensitiveTrumpet
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser