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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 with Answer Key 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.
A negotiable instrument is freely transferable, by delivery if it is a/an _______________ instrument.
order
bearer
both 'a' and 'b'
none of these
2.
An __________ instrument means an instrument which can be construed either as a promissory note or a bill of exchange.
Inchoate
Ambiguous
Time
Clean bill
3.
Holder of an instruments is a person who holds the instrument.
for a longer period
before maturity
after maturity
on behalf of the owner
4.
The number of parties to a promissory note is
2
4
3
6
5.
When an instrument has been lost it is presumed that it was
expired
duly stamped
stolen
misplaced
6.
An instrument which is not inland instrument is called
Foreign instrument
Bearer instrument
Inland instrument
Ambiguous instrument
7.
The cheque is to be signed by the
drawee
banker
drawer
none of these
8.
Document of title to the goods exclude ______________
Lorry receipt
Railway receipt
Airway bill
Invoice
9.
Which endorsement relieves the endorser from incurring liability in the event of dishonour
Restrictive
Faculative
Sans recourse
Conditional
10.
Negotiable Instrument is freely transferable by delivery if it is a instrument.
Order
Bearer
Both a & b
None of the above
1.
(b)
bearer
2.
(b)
Ambiguous
3.
(b)
before maturity
4.
(a)
2
5.
(b)
duly stamped
6.
(a)
Foreign instrument
7.
(c)
drawer
8.
(d)
Invoice
9.
(c)
Sans recourse
10.
(b)
Bearer
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Tamilnadu Stateboard 12th Standard Subjects
Maths
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
French
Tamilnadu Stateboard Standards
