Q1 Under Section 6 of the Negotiable Instruments Act, 1881, a cheque is defined as a bill of exchange drawn on a specified banker and is expressly characterized by which of the following features? Q2 In the context of a cheque transaction, which term correctly identifies the person or entity who issues the cheque? Q3 According to RBI mandates, what is the fixed validity period of a cheque calculated from the date printed on the instrument? Q4 If there is a discrepancy between the amount written in words and the amount written in figures on a cheque, which legal rule applies? Q5 Which specific legislation empowers the Reserve Bank of India to regulate payment systems, including cheque clearing rules? Q6 Which of the following statements regarding a "Not Negotiable" crossed cheque is correct? Q7 What defines a "Post-Dated Cheque" (PDC)? Q8 Which type of cheque is payable specifically to the payee named on the instrument or to a person to whom it has been endorsed?