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Published on: 07/11/2020
12th Standard Commerce The Negotiable Instruments Act 1881 English Medium Free Online Test One Mark Questions 2020 - 2021
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.
___________ is an instrument in writing containing an unconditional undertaking signed by the maker to pay a certain sum of money.
Promissory note
Bill of exchange
Cheque
None of these
2.
____________ means the bill to which no document of title to the goods is attached.
Documentary bill
Clean bill
Time instrument
None of these
3.
____________ is to be made on the face of the instrument or on its back.
Cheque
Bill of exchange
Endorsement
None of these
4.
Negotiable instrument means a promissory note, bill of exchange or cheque, payable to
bearer
order
either to bearer or order
neither bearer nor order
5.
Promissory Note, Bill of Exchange or cheque is payable to order is called
Bearer Instrument
Order instrument
Inland instrument
Foreign instrument
6.
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
7.
A cheque will become stale after _______ months of its date:
3
4
5
1
8.
When crossing restrict further negotiation
Not negotiable crossing
General Crossing
A\c payee crossing
Special crossing
9.
The transferee of a Negotiable Instrument is the one _______________
Who transfer the instrument
On whose name it is transferred
Who enchases it
None of the above
10.
Negotiable Instrument Act was passed in the year _________.
1981
1881
1994
1818
1.
(a)
Promissory note
2.
(b)
Clean bill
3.
(c)
Endorsement
4.
(c)
either to bearer or order
5.
(b)
Order instrument
6.
(c)
Negotiable Instruments Act 1881
7.
(a)
3
8.
(a)
Not negotiable crossing
9.
(b)
On whose name it is transferred
10.
(b)
1881
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Tamilnadu Stateboard 12th Standard Subjects
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Chemistry
Physics
Biology
Computer Science
Business Maths and Statistics
Economics
Commerce
Accountancy
History
Computer Applications
Biology
Computer Technology
Computer Applications
Computer Science
Business Maths and Statistics
Commerce
Economics
Maths
Chemistry
Physics
Computer Technology
History
Accountancy
Tamil
English
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