Concept:A dishonoured cheque is one that the bank refuses to pay.
Explanation:In banking, a cheque is dishonoured when it cannot be paid.
This happens when the drawer's account has insufficient funds.
The bank then returns the cheque unpaid to the presenter.
Such a returned cheque is commonly called a "bounced cheque."
The word "bounce" suggests the cheque has come back unpaid.
So a dishonoured cheque and a bounced cheque are the same thing.
Option A, an order cheque, is payable to a named person only.
Option C, a bearer cheque, is payable to whoever presents it.
Option D, an open cheque, is simply an uncrossed cheque.
None of these describe a cheque that is refused payment.
Answer:The correct option is B, a bounced cheque.