The Negotiable Instruments Act, 1881 – Test 1

Generally an acceptance is ___________

If Mr. A is the seller of goods and drawn BOE on Mr. B i.e. the buyer in such case, Mr. B shall be

The person who accepts the bill for the honour of the other is _________

A person who pays a bill for any other person is called ___________

Payer for Honour can recover the sum from _____________

Which of the following statement is untrue about holder?

Mr. A, father of Mr. B issued cheque of ₹5,000 in favour of Mr. B due to natural love and
affection, Here Mr. B is__________

A blank cheque signed by Mr. A has been found by Mr. B, in such a Case Mr. B is____________

A cheque has been issued by Mr. A to Mr. B on 1st Jan & has been endorsed by Mr. B on 15th Feb
and by Mr. C to Mr. D on 5th April. Here, Mr. D is __________

Which one of the following is untrue about the Holder in Due Course?

Which of the following is an essential requirement of a HDC?

Section 9 of Negotiable Instruments Act, 1881 states about______

Mr. A issued promissory note in favour of Mr. B to be paid on 15th March, but instead make the
payment to Mr. B on 10th March. This transaction between Mr. A and Mr. B on 10th March shall be
called_________

Which of the following statement is untrue about inland Bill?

A bill payable drawn and accepted to provide financial help to other is ________

A bill drawn and accepted to provide financial help to other is __________

Transfer of ownership in any article under Transfer of Property Act can be made by__________

Which of the following is not a kind of endorsement?

Which of the following is not a kind of instrument?
(i) Deed (ii) Currency Note
(iii) Document (iv) Promissory Note

An instrument issued with certain spaces left blank is called_________

When the day on which B.O.E is at maturity is a public holiday the instrument shall be deemed to
be due on _________

The expression public holiday includes Sunday and any other day declared by the _________ by
notification in Official Gazette

When two parallel transverse lines are drawn on the face of cheque, it is called__________

If the crossing on a Cheque is cancelled, it is called_____________

When can the banker may not refuse the payment?

Which of the following alteration is not authorized by the Act?

A negotiable instrument can be dishonored by ____________

Section 93 to 98 of Negotiable Instrument Act, 1881 deals with_________

Formal Certificate of Dishonor is called __________