Amendments of Negotiable Instruments Act, 1881- General Economics & Indian Economy

Q.  Consider the following statements related to amendments of Negotiable Instruments Act, 1881.

1. It will enable filing of cheque bounce cases in the place where the cheque was presented for clearance or payment
2. It will help increase the credibility of the cheque as a financial instrument.

Which of the above statements is/are correct?
- Published on 07 Jun 15

a. Only 1
b. Only 2
c. Both
d. None

ANSWER: Both

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