The law relating to negotiable instruments is dealt in the

(a)

Sale of contract Act 1930

(b)

Indian contract Act 1872

(c)

Negotiable Instruments Act 1881

(d)

None of these

The cheque is to be signed by the

(a)

drawee

(b)

banker

(c)

drawer

(d)

none of these

Promissory Note, Bill of Exchange or cheque is payable to order is called

(a)

Bearer Instrument

(b)

Order instrument

(c)

Inland instrument

(d)

Foreign instrument

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

When an instrument has been lost it is presumed that it was

(a)

expired

(b)

duly stamped

(c)

stolen

(d)

misplaced

The number of parties to a bill of exchange is

(a)

2

(b)

4

(c)

6

(d)

3

The number of parties to a promissory note is

(a)

2

(b)

4

(c)

3

(d)

6

Section 4 of negotiable instrument Act 1880 deals with

(a)

Promissory note

(b)

Bill of exchange

(c)

Cheque

(d)

None of the above

In the case of Bill of Exchange drawee is the

(a)

maker

(b)

payee

(c)

acceptor

(d)

none of these

When the loss of cheque is intimated to the bank. It is advisable to get the cheque.

(a)

dishonoured

(b)

Cancelled

(c)

stalled

(d)

countermanded

Holder of an instruments is a person who holds the instrument.

(a)

for a longer period

(b)

before maturity

(c)

after maturity

(d)

on behalf of the owner

A written document by which some legal rights are created in favour of some person.

(a)

Endorsement

(b)

Instrument

(c)

Promissory note

(d)

Negotiation

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

(a)

(i)	(ii)	(iii)	(iv)
1	2	3	4

(b)

(i)	(ii)	(iii)	(iv)
4	3	1	2

(c)

(i)	(ii)	(iii)	(iv)
2	3	4	1

(d)

(i)	(ii)	(iii)	(iv)
3	4	1	2

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

(a)

(i)	(ii)	(iii)	(iv)
3	4	1	2

(b)

(i)	(ii)	(iii)	(iv)
1	2	3	4

(c)

(i)	(ii)	(iii)	(iv)
4	3	1	2

(d)

(i)	(ii)	(iii)	(iv)
2	3	4	1