The correct answer is (c). A cheque upon a banker under the Indian Penal Code is a valuable security. It is a written order, addressed to a banker, directing him to pay a certain sum of money to a specified person or to his order. A cheque is a negotiable instrument, which means that it can be transferred from one person to another by endorsement. A cheque is also a valuable security because it represents a promise to pay money. If a cheque is not honoured by the bank, the drawer of the cheque may be held liable for criminal prosecution.
(a) A document is a piece of paper or other material that contains information. A cheque is a document, but it is not just any document. It is a valuable security that represents a promise to pay money.
(b) A counterfeit is an imitation of something that is made to look like the real thing. A cheque is not a counterfeit. It is a genuine document that represents a promise to pay money.
(d) None of these is the correct answer. A cheque upon a banker under the Indian Penal Code is a valuable security.