________cannot be a bearer instrument.

(a)

Cheque

(b)

Promissory Note

(c)

Bills of exchange

(d)

None of the above

When crossing restrict further negotiation

(a)

Not negotiable crossing

(b)

General Crossing

(c)

A\c payee crossing

(d)

Special crossing

Document of title to the goods exclude ______________

(a)

Lorry receipt

(b)

Railway receipt

(c)

Airway bill

(d)

Invoice

An instrument which is not inland instrument is called

(a)

Foreign instrument

(b)

Bearer instrument

(c)

Inland instrument

(d)

Ambiguous instrument

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

What is meant by Negotiable Instrument?

List three characteristics of a Promissory Note.

Define Endorsement

Define "Negotiable Instrument".

What are the Significance of general crossing?

Explain the nature of a Negotiable Instrument.

What are the characteristics of a bill of exchange?

Draw the two different types of crossing.

Write a note on MICR.

What is meant by IFSC code?

Distinguish a cheque and a bill of exchange.(any 5)

Discuss in detail the features of a cheque. (any 5)

Distinguish between cheque and promissory note.

Explain any six kinds of Negotiable Instruments.