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12th Standard English Medium Commerce Subject The Negotiable Instruments Act, 1881 Book Back 1 Mark Questions with Solution Part - I

12th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 5

    Part I

    5 x 1 = 5
  1. Negotiable Instrument is freely transferable by delivery if it is a instrument.

    (a)

    Order

    (b)

    Bearer

    (c)

    Both a & b

    (d)

    None of the above

  2. Number of parties in a bill of exchange are_______.

    (a)

    2

    (b)

    6

    (c)

    3

    (d)

    4

  3. ________cannot be a bearer instrument.

    (a)

    Cheque

    (b)

    Promissory Note

    (c)

    Bills of exchange

    (d)

    None of the above

  4. Which endorsement relieves the endorser from incurring liability in the event of dishonour

    (a)

    Restrictive

    (b)

    Faculative

    (c)

    Sans recourse

    (d)

    Conditional

  5. Document of title to the goods exclude ______________

    (a)

    Lorry receipt

    (b)

    Railway receipt

    (c)

    Airway bill

    (d)

    Invoice

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