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Published on: 03/09/2022
QB365 provides a detailed and simple solution for every Possible Creative Questions in Class 12 Commerce Subject - The Negotiable Instruments Act, 1881, English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
Download Tamil Nadu 12th Standard Commerce question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Commerce Test1.
| List I | List II | ||
|---|---|---|---|
| i) | Bill of Exchange | 1) | Section 123 |
| ii) | Cheque | 2) | Section 124 |
| iii) | General Crossing | 3) | Section 6 |
| iv) | Special Crossing | 4) | Section 5 |
| (i) | (ii) | (iii) | (iv) |
| 3 | 4 | 1 | 2 |
| (i) | (ii) | (iii) | (iv) |
| 1 | 2 | 3 | 4 |
| (i) | (ii) | (iii) | (iv) |
| 4 | 3 | 1 | 2 |
| (i) | (ii) | (iii) | (iv) |
| 2 | 3 | 4 | 1 |
2.
| List I | List II | ||
|---|---|---|---|
| i) | Negotiable | 1) | Transferability |
| ii) | Instrument | 2) | Duly stamped |
| iii) | Negotiable instrument | 3) | Written document |
| iv) | Assignability | 4) | Return for consideration |
| (i) | (ii) | (iii) | (iv) |
| 1 | 2 | 3 | 4 |
| (i) | (ii) | (iii) | (iv) |
| 4 | 3 | 1 | 2 |
| (i) | (ii) | (iii) | (iv) |
| 2 | 3 | 4 | 1 |
| (i) | (ii) | (iii) | (iv) |
| 3 | 4 | 1 | 2 |
3.
A written document by which some legal rights are created in favour of some person.
Endorsement
Instrument
Promissory note
Negotiation
4.
Holder of an instruments is a person who holds the instrument.
for a longer period
before maturity
after maturity
on behalf of the owner
5.
When the loss of cheque is intimated to the bank. It is advisable to get the cheque.
dishonoured
Cancelled
stalled
countermanded
6.
In the case of Bill of Exchange drawee is the
maker
payee
acceptor
none of these
7.
Section 4 of negotiable instrument Act 1880 deals with
Promissory note
Bill of exchange
Cheque
None of the above
8.
The number of parties to a promissory note is
2
4
3
6
9.
The number of parties to a bill of exchange is
2
4
6
3
10.
When an instrument has been lost it is presumed that it was
expired
duly stamped
stolen
misplaced
11.
Negotiable instrument means a promissory note, bill of exchange or cheque, payable to
bearer
order
either to bearer or order
neither bearer nor order
12.
An instrument which is not inland instrument is called
Foreign instrument
Bearer instrument
Inland instrument
Ambiguous instrument
13.
Promissory Note, Bill of Exchange or cheque is payable to order is called
Bearer Instrument
Order instrument
Inland instrument
Foreign instrument
14.
The cheque is to be signed by the
drawee
banker
drawer
none of these
15.
The law relating to negotiable instruments is dealt in the
Sale of contract Act 1930
Indian contract Act 1872
Negotiable Instruments Act 1881
None of these
1.
(c)
| (i) | (ii) | (iii) | (iv) |
| 4 | 3 | 1 | 2 |
2.
(b)
| (i) | (ii) | (iii) | (iv) |
| 4 | 3 | 1 | 2 |
3.
(b)
Instrument
4.
(b)
before maturity
5.
(d)
countermanded
6.
(c)
acceptor
7.
(a)
Promissory note
8.
(a)
2
9.
(d)
3
10.
(b)
duly stamped
11.
(c)
either to bearer or order
12.
(a)
Foreign instrument
13.
(b)
Order instrument
14.
(c)
drawer
15.
(c)
Negotiable Instruments Act 1881
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