Question

Kinds of Negotiable Instruments
_____ means a cheque which contains the exact mirror image of a paper cheque, and is generated, written and signed in a secure system ensuring the minimum safety standards with the use of digital signature (with or without biometrics signature) and asymmetric crypto system.

• A. A cheque in the electronic form
• B. A truncated cheque
• C. A bank draft
• D. A paper cheque

Answer 1

The correct option is A A cheque in the electronic form

According to explanation under section 6 of the act, “a cheque in the electronic form” means a cheque drawn in electronic form by using any computer resource and signed in a secure system with digital signature with or without biometrics signature and asymmetric crypto system or with electronic signature, as the case may be.