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--------------- Print Magazine --------------
 
  May 2016
 
  April 2016
 
 
 
 
REASONING THE REASON

LEGAL REASONING

LOGICAL REASONING

ANALYTICAL REASONING

LEGAL REASONING

Principle 1: If a person issues a cheque to another person or company and if it is dishonoured due to insufficient or zero balance in his accounts, then he has to be punished with twice the amount of cheque value or up to 2 years imprisonment or both.

Principle 2: The court has to apply its juristic mind to the facts and circumstances of each case.

Factual Situation: X , a sharebroker issued a cheque of ` 10,00,000 to company A on 1 st January, 2012. The cheque was deposited in Indian Overseas Bank in which company A runs its account. But the same was returned to company A on the ground of insufficiency of funds in X 's Account. After giving 30 days' legal notice to X and not receiving any explanation from him, company A filed a case in the court with proper jurisdiction. But there was no legal liability in respect of cheque.

Decision:

(a) The company A' s claim of ` 10,00,000 and X 's prosecution is to be accepted by court for dishonour of cheque.
(b)The company A' s claim of ` 10,00,000 and X 's prosecution cannot be accepted by court, because there must be cause or liability of cheque which company A failed to explain to court.
(c) X can either be prosecuted or can pay the amount of ` 10,00,000 to company A
(d) X can only be imprisoned for 2 years.

The answer is (a)

LOGICAL REASONING

Given below are two Statements viz. Assertion (A) and Reason (R). Which of the following is true in their context?

Assertion (A): In inflation, there is an increase in money supply and the rise in price level.

Reason (R): The rise in price level is due to shortage in supply of essential consumer goods.

(a) Both A and R are true and R is the correct explanation of A.
(b) Both A and R are true but R is not the correct explanation of A.
(c) A is true but R is false.
(d) A is false but R is true.

The answer is (a)

ANALYTICAL REASONING

A person starts from a point A and travels 3 kms eastwards to B and then turns left and travels thrice that distance to reach C. He again turns left and travels five times the distance he covered between A and B and reaches his destination D. The shortest distance between the starting point and destination is

(a) 15 kms
(b) 20 kms
(c) 22 kms
(d) 25 kms

The answer is (a)

 
 
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