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

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. When crossing restrict further negotiation

    (a)

    Not negotiable crossing

    (b)

    General Crossing

    (c)

    A\c payee crossing

    (d)

    Special crossing

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

    (a)

    3

    (b)

    4

    (c)

    5

    (d)

    1

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