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#### The Negotiable Instruments Act, 1881 - Two Marks Study Materials

12th Standard EM

Reg.No. :
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Commerce

Time : 00:45:00 Hrs
Total Marks : 20
10 x 2 = 20
1. What is meant by Negotiable Instrument?

2. Define Bill of Exchange.

3. List three characteristics of a Promissory Note.

4. What is meant by a cheque?

5. Define Endorsement

6. Definition of Negotiable Instrument.

7. Definition of promissory note.

8. What do you mean by crossing a cheque?

9. What are the Significance of general crossing?

10. Write a short note on
(i) Time instrument
(ii) Accommodation instrument