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Question

If the due date is a public holiday, the due date of the bill will be ____?

A
Following day
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B
Preceding day
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C
The same day only
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D
One month later
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Solution

The correct option is D Preceding day
If the date of cheque falls on a holiday, it will be taken for clearance on the next working day. Any way a Cheque under NI Act is valid for 90 days- recently reduced from earlier 180 days.

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