Negotiable Instrument Act was passed in the year _________

(a)

1981

(b)

1881

(c)

1994

(d)

1818

The transferee of a Negotiable Instrument is the one _______________

(a)

Who transfer the instrument

(b)

On whose name it is transferred

(c)

Who enchases it

(d)

None of the above

When crossing restrict further negotiation

(a)

Not negotiable crossing

(b)

General Crossing

(c)

A\c payee crossing

(d)

Special crossing

A cheque will become stale after _______ months of its date:

(a)

3

(b)

4

(c)

5

(d)

1

The law relating to negotiable instruments is dealt in the

(a)

Sale of contract Act 1930

(b)

Indian contract Act 1872

(c)

Negotiable Instruments Act 1881

(d)

None of these

Promissory Note, Bill of Exchange or cheque is payable to order is called

(a)

Bearer Instrument

(b)

Order instrument

(c)

Inland instrument

(d)

Foreign instrument

Negotiable instrument means a promissory note, bill of exchange or cheque, payable to

(a)

bearer

(b)

order

(c)

either to bearer or order

(d)

neither bearer nor order

____________ is to be made on the face of the instrument or on its back.

(a)

Cheque

(b)

Bill of exchange

(c)

Endorsement

(d)

None of these

____________ means the bill to which no document of title to the goods is attached.

(a)

Documentary bill

(b)

Clean bill

(c)

Time instrument

(d)

None of these

___________ is an instrument in writing containing an unconditional undertaking signed by the maker to pay a certain sum of money.

(a)

Promissory note

(b)

Bill of exchange

(c)

Cheque

(d)

None of these