Cheque, MICR - Banking awareness questions on current affairs

1)   If a cheque is dishonoured it is called ____________ .

a. Settlement of the cheque
b. Withdrawing of the cheque
c. Nullifying of the cheque
d. Return of the cheque unpaid
Answer  Explanation 

ANSWER: Return of the cheque unpaid

Insufficient fund, the death of the drawer, irregular signature, non-existing account, bankruptcy, frozen account, when there is attention, a post-dated cheque, if there is difference between the amount written in words and that in figures, when payment is stopped are the reasons why most bank cheques are being dishonoured.