MCQs of Negotiation Instrument Act 1881

The MCQs of Negotiation Instrument Act 1881 are given here in a Quiz format. The Negotiation Instrument Act 1881 is a subject of LL.B Part II. The basic objective behind these Important MCQs of the Negotiation Instrument Act 1881 is to prepare the students for the different examinations like LAW GAT, LAW Entry Tests, ADPP, Civil Judge, and Additional Judge examinations.

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So let’s have a look at the most important MCQs of the Negotiation Instrument Act 1881.

 

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1 Results

1.1 #1. The law relating to Negotiable instruments is embodied in the Act?

1.2 #2. Negotiable instruments act came into force on the first day of?

1.3 #3. Negotiable instruments; a written and signed unconditional promise or order to pay a specified sum of money on?

1.4 #4. A Negotiable instruments means?

1.5 #5. A Negotiable instruments is a kind of property acquired by anyone who takes it

1.6 #6. The principle “Nemo Dat QuiNon Habet” means?

1.7 #7. Documents which are not considered negotiable instrumetns

1.8 #8. Parties to the negotiable instrument are?

1.9 #9. A promissory note is an instrument is writing

1.10 #10. In promissory note there are?

1.11 #11. In bill of exchange there are?

1.12 #12. In promissory note there is a

1.13 #13. In bill of exchange there is a?

1.14 #14. Maker of promissory note is a?

1.15 #15. Drawer of bill of exchange is a?

1.16 #16. A promissory note can?

1.17 #17. A bill of exchange can

1.18 #18. The person who drawn a cheque is called?

1.19 #19. Person to whom the cheque is made payable is called?

1.20 #20. How many kinds of cheque are there?

1.21 #21. A cheque is always drawn on a?

1.22 #22. A cheque is drawn payable

1.23 #23. When cheque is dishonoured?

1.24 #24. The word “older” means and include an?

1.25 #25. Holder of a promissory note, bill of exchange or cheque means any person who is?

1.26 #26. A Negotiable instruments may be transferred in any ways

1.27 #27. Negotiation can be effected by?

1.28 #28. The term discharge in relation to a negotiable instrument is used in two senses as under

1.29 #29. Modes of discharge of negotiable instrument are?

1.30 #30. Modes of discharge of negotiable instrument by operation of law are?

1.31 #31. A Negotiable instruments may be dishonored in different ways?

Results

#1. The law relating to Negotiable instruments is embodied in the Act?

1884

1881

1888

1890

#2. Negotiable instruments act came into force on the first day of?

March 1884

March 1881

April 1884

April 1881

#3. Negotiable instruments; a written and signed unconditional promise or order to pay a specified sum of money on?

demand

with our demand

both a & b

none of above

#4. A Negotiable instruments means?

promissory note

bill of exchange

chque

All of above

#5. A Negotiable instruments is a kind of property acquired by anyone who takes it

bonafide

fraudulently

both a & b

none of above

#6. The principle “Nemo Dat QuiNon Habet” means?

No one give who possesses not

no one gives who possesses

both a & b

none of above

#7. Documents which are not considered negotiable instrumetns

money order

postal orders

dock warrant

all of above

#8. Parties to the negotiable instrument are?

drawer

endorser

both a & b

none of above

#9. A promissory note is an instrument is writing

not being a bank note or currency note

containing an additional under taking

signed by marker to pay on demand

All of above

#10. In promissory note there are?

two parties

three parties

four parties

none of above

#11. In bill of exchange there are?

2 parties

3 parties

4 parties

none of above

#12. In promissory note there is a

Promise to pay

order to pay

both a & b

none of above

#13. In bill of exchange there is a?

promise to pay

order to pay

both a & b

none of above

#14. Maker of promissory note is a?

debtor

creditor

both a & b

none of these

#15. Drawer of bill of exchange is a?

Creditor

Debtor

both a & b

none of these

#16. A promissory note can?

not be drawn in sets

be drawn in sets

both a & b

none of these

#17. A bill of exchange can

not be drawn in sets

be drawn in sets

both a & b

none of these

#18. The person who drawn a cheque is called?

Drawer

payee

both a & b

none of above

#19. Person to whom the cheque is made payable is called?

drawer

payee

both a & b

All of above

#20. How many kinds of cheque are there?

Bearer and open cheque

order cheque

crossed and traveler's cheque

All of above

#21. A cheque is always drawn on a?

specified bank

any bank

both a & b

none of above

#22. A cheque is drawn payable

on demand

with out demand

with consent

none of above

#23. When cheque is dishonoured?

no notice is required

notice is required

both a & b

none of these

#24. The word “older” means and include an?

endorsee

hold in duecourse

both a & b

none of these

#25. Holder of a promissory note, bill of exchange or cheque means any person who is?

payee or indorsee of the instruments

in possession of it

a person who is bearer there of

all of above

#26. A Negotiable instruments may be transferred in any ways

by negotiation

by assignment

both a & b

none of above

#27. Negotiation can be effected by?

delivery

endorsement and delivery

both of these

Cannot be effected

#28. The term discharge in relation to a negotiable instrument is used in two senses as under

Discharge of the instrument

discharge of one or more of the parties of the instrument

both a & b

None of these

#29. Modes of discharge of negotiable instrument are?

discharge by cancellation

discharge by release

discharge by payments

All of above

#30. Modes of discharge of negotiable instrument by operation of law are?

by an order of court

by merger

by lapes of time

All of above

#31. A Negotiable instruments may be dishonored in different ways?

Non-acceptance

non-payment

both a & b

none of these

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