If due date of bill falls on sudden public holiday, the due date will be –
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Question 2 of 25
2. Question
1 points
If due date of bill falls on ….. the due date will be preceding business day.
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Question 3 of 25
3. Question
1 points
If due date of bill falls on ….. the due date will be next business day.
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Question 4 of 25
4. Question
1 points
On 1.1.2019, X draws a bill on Y for Rs 20,000 for 3 months maturity date of the bill will be:………..
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Question 5 of 25
5. Question
1 points
On 16.6.2019 X draws a bill on Y for Rs 25,000 for 30 days. 19th July is a public holiday, maturity date of the bill will be :…….
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Question 6 of 25
6. Question
1 points
X draws a bill on Y for Rs 30,000 on 1.1.2019. X accepts the same on 4.1.2019 for period of 3 months after date. What will be the maturity sate of the bill:………
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Question 7 of 25
7. Question
1 points
X draws a bill on Y. X endorsed the bill to Z. The payee of the bill will be –
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Question 8 of 25
8. Question
1 points
X draws a bill on Y for Rs 2,50,000 on 1.1.2018 for 3 months after sight, date of acceptance is 6.1.2018. Maturity date of the bill will be :……..
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Question 9 of 25
9. Question
1 points
Which of the following person do not incur any liability as parties to negotiable instruments?
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Question 10 of 25
10. Question
1 points
A negotiable instruments may be transferred by –
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Question 11 of 25
11. Question
1 points
In case of assignment, there is a transfer of ownership by means of a …. document.
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Question 12 of 25
12. Question
1 points
The person to whom the instruments is endorsed is called the –
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Question 13 of 25
13. Question
1 points
An endorser may limit his liability in any of the following ways-
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Question 14 of 25
14. Question
1 points
When a person who has been a party to the negotiable instrument takes it again then an instrument is said to have been-
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Question 15 of 25
15. Question
1 points
Forgery conveys no title.
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Question 16 of 25
16. Question
1 points
On 15.8.2018 X draws a bill on Y for 3 months for Rs 20,000. 18th NOv. was a sudden holiday, maturity date of the bill will be:
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Question 17 of 25
17. Question
1 points
On 1.8.2020, X draws a bill on Y”for 30 days after sight”. The date of acceptance is 8.8.2020. The maturity date of the bill will be:……….
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Question 18 of 25
18. Question
1 points
Noting is necessary in case of … of bill.
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Question 19 of 25
19. Question
1 points
The ….. is the formal notarial certificate attesting dishonour of the bill, and based upon the noting which has been effected on the dishonour of the foreign bill.
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Question 20 of 25
20. Question
1 points
A material alternation renders the instruments –
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Question 21 of 25
21. Question
1 points
Alternation of date, sum payable, time of payment, place of payment, name of parties or rate of interest will be treated as material alternation
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Question 22 of 25
22. Question
1 points
….. are negotiable instruments written in an oriental language.
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Question 23 of 25
23. Question
1 points
Which of the following is not covered under the Negotiable Instruments Act,1881?
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Question 24 of 25
24. Question
1 points
Hundis are governed by the ….. in the locality.
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Question 25 of 25
25. Question
1 points
The hundis were in circulation in India even before the present Negotiable Instrument Act, 1881 came into operation.
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