Person named in the instrument to whom money is directed to be paid is known as _______________.
Correct
Incorrect
Question 2 of 30
2. Question
1 points
Category: Corporate and Other Laws
Maker of a bill of exchange is called as ____________
Correct
Incorrect
Question 3 of 30
3. Question
1 points
Category: Corporate and Other Laws
Days of grace provided to the Instruments at maturity is _______________
Correct
Incorrect
Question 4 of 30
4. Question
1 points
Category: Corporate and Other Laws
Parties to a negotiable instrument can be discharged from liability by ______________
Correct
Incorrect
Question 5 of 30
5. Question
1 points
Category: Corporate and Other Laws
Validity period for the presentment of cheque in bank is _______________
Correct
Incorrect
Question 6 of 30
6. Question
1 points
Category: Corporate and Other Laws
Offences committed under the Negotiable Instruments Act can be _______________
Correct
Incorrect
Question 7 of 30
7. Question
1 points
Category: Corporate and Other Laws
Which of the following is not applicable to negotiable instruments?
Correct
Incorrect
Question 8 of 30
8. Question
1 points
Category: Corporate and Other Laws
‘A’ signs the instrument in the following manner. State the instrument which cannot be considered as promissory
note.
Correct
Incorrect
Question 9 of 30
9. Question
1 points
Category: Corporate and Other Laws
A promissory note drawn jointly by X, a minor and Y, a major is:
Correct
Incorrect
Question 10 of 30
10. Question
1 points
Category: Corporate and Other Laws
A negotiable instrument that is payable to order can be transferred by:
Correct
Incorrect
Question 11 of 30
11. Question
1 points
Category: Corporate and Other Laws
In legal terms, person who takes the instruments bonafide for value before it is overdue, in good faith, is known
as:
Correct
Incorrect
Question 12 of 30
12. Question
1 points
Category: Corporate and Other Laws
A negotiable instrument drawn in favour of a minor is
Correct
Incorrect
Question 13 of 30
13. Question
1 points
Category: Corporate and Other Laws
P obtains a cheque drawn by M by way of gift. Here P is a:
Correct
Incorrect
Question 14 of 30
14. Question
1 points
Category: Corporate and Other Laws
A bill of exchange is payable 180 days after sight. As per the provisions of the Negotiable Instruments Act, 1881,
how many days of grace shall be provided in such a case:
Correct
Incorrect
Question 15 of 30
15. Question
1 points
Category: Corporate and Other Laws
As per the Negotiable Instruments Act, 1881, when the day on which a promissory note or bill of exchange is at
maturity is a public holiday, the instrument shall be deemed to be due on the …….……..
Correct
Incorrect
Question 16 of 30
16. Question
1 points
Category: Corporate and Other Laws
Person named in the instrument to whom money is directed to be paid:
Correct
Incorrect
Question 17 of 30
17. Question
1 points
Category: Corporate and Other Laws
A draws a cheque in favour of M, a minor. M endorses the same in favour of X. The cheque is dishonoured by
the bank on grounds of inadequate funds. As per the provisions of Negotiable Instruments Act, 1881:
Correct
Incorrect
Question 18 of 30
18. Question
1 points
Category: Corporate and Other Laws
An instrument containing a promise to __________ is valid promissory note.
Correct
Incorrect
Question 19 of 30
19. Question
1 points
Category: Corporate and Other Laws
In case on an accepted bill, the liability of drawer is __________
Correct
Incorrect
Question 20 of 30
20. Question
1 points
Category: Corporate and Other Laws
Until the bill is accepted, the liability of drawer is __________.
Correct
Incorrect
Question 21 of 30
21. Question
1 points
Category: Corporate and Other Laws
Until the bill is accepted, the liability of drawee is __________.
Correct
Incorrect
Question 22 of 30
22. Question
1 points
Category: Corporate and Other Laws
In case of an accepted bill, the liability of drawee is __________
Correct
Incorrect
Question 23 of 30
23. Question
1 points
Category: Corporate and Other Laws
In case of cheque, the liability of drawer is __________.
Correct
Incorrect
Question 24 of 30
24. Question
1 points
Category: Corporate and Other Laws
A truncated cheque means a cheque which is truncated during the course of clearing cycle by __________
Correct
Incorrect
Question 25 of 30
25. Question
1 points
Category: Corporate and Other Laws
A cheque is ___________
Correct
Incorrect
Question 26 of 30
26. Question
1 points
Category: Corporate and Other Laws
The drawee of a bill of exchange, may accept it by signing on ___________
Correct
Incorrect
Question 27 of 30
27. Question
1 points
Category: Corporate and Other Laws
A person obtains a negotiable instrument by way of gift is a ___________
Correct
Incorrect
Question 28 of 30
28. Question
1 points
Category: Corporate and Other Laws
___________ is a negotiable instrument.
Correct
Incorrect
Question 29 of 30
29. Question
1 points
Category: Corporate and Other Laws
Every negotiable instrument shall be –
Correct
Incorrect
Question 30 of 30
30. Question
1 points
Category: Corporate and Other Laws
A negotiable instrument shall be payable to ____________ is an order instrument
Correct
Incorrect
Ekvij provides online exams For CA,CMA and CS examinations