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Q7: What defines a "Post-Dated Cheque" (PDC)?

A

It is dated earlier than the current date but is valid within 3 months

B

It is payable to the bearer immediately upon presentation

C

It is dated for a future date and is payable only on or after that date

D

It is a cheque where the date field is left blank

✅ Correct Answer: C

A Post-Dated Cheque (PDC) is dated for the future and is payable only on or after that specific date.

A cheque dated earlier is a "Back-Dated Cheque".

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