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

12th Standard

    Reg.No. :
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Commerce

Time : 00:30:00 Hrs
Total Marks : 5
    5 x 1 = 5
  1. The cheque is to be signed by the

    (a)

    drawee

    (b)

    banker

    (c)

    drawer

    (d)

    none of these

  2. 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

  3. An instrument which is not inland instrument is called

    (a)

    Foreign instrument

    (b)

    Bearer instrument

    (c)

    Inland instrument

    (d)

    Ambiguous instrument

  4. 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

  5. When an instrument has been lost it is presumed that it was

    (a)

    expired

    (b)

    duly stamped

    (c)

    stolen

    (d)

    misplaced

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