___________ does not require payment of stamp duty
Correct
Incorrect
Question 4 of 30
4. Question
1 points
Category: Corporate and Other Laws
Endorsement means signing on ____________ for the purpose of negotiating such negotiable instrument
Correct
Incorrect
Question 5 of 30
5. Question
1 points
Category: Corporate and Other Laws
Where the endorsement contains a direction to pay the amount mentioned in the negotiable instrument to a
specified person, it is called as __________
Correct
Incorrect
Question 6 of 30
6. Question
1 points
Category: Corporate and Other Laws
_____________ may be presented for payment at any time
Correct
Incorrect
Question 7 of 30
7. Question
1 points
Category: Corporate and Other Laws
In a promissory note or a bill of exchange, the expressions ‘at sight’ means ___________
Correct
Incorrect
Question 8 of 30
8. Question
1 points
Category: Corporate and Other Laws
In a promissory note, the expression ‘after sight’ means ____________
Correct
Incorrect
Question 9 of 30
9. Question
1 points
Category: Corporate and Other Laws
Statement (1): A negotiable instrument which is payable otherwise than on demand is not entitled to any days
of grace.
Statement (2): A negotiable instrument which is payable on demand is entitled to 3 days of grace.
Correct
Incorrect
Question 10 of 30
10. Question
1 points
Category: Corporate and Other Laws
____________ is not entitled to any days of grace.
Correct
Incorrect
Question 11 of 30
11. Question
1 points
Category: Corporate and Other Laws
A promissory note in which the maker is a minor ___________
Correct
Incorrect
Question 12 of 30
12. Question
1 points
Category: Corporate and Other Laws
As per section 31 or RBI Act, 1934, ___________ cannot be made payable to bearer and _________cannot
be made payable to bearer on demand.
Correct
Incorrect
Question 13 of 30
13. Question
1 points
Category: Corporate and Other Laws
A bearer instrument can be negotiated by ____________
Correct
Incorrect
Question 14 of 30
14. Question
1 points
Category: Corporate and Other Laws
Notice of negotiation is __________
Correct
Incorrect
Question 15 of 30
15. Question
1 points
Category: Corporate and Other Laws
An order instrument can be negotiated by ________
Correct
Incorrect
Question 16 of 30
16. Question
1 points
Category: Corporate and Other Laws
Where an endorser makes his liability dependent upon happening of a specified event, although such event may
never happen, it is called as __________ endorsement, and such endorsement is___________
Correct
Incorrect
Question 17 of 30
17. Question
1 points
Category: Corporate and Other Laws
If a person, after making, but before making its delivery, dies, and afterwards, the delivery is made by the legal
representative of the deceased, it ________ in a valid negotiation.
Correct
Incorrect
Question 18 of 30
18. Question
1 points
Category: Corporate and Other Laws
A negotiable instrument confers upon ___________ a valid title notwithstanding any defect in the title of any
prior party
Correct
Incorrect
Question 19 of 30
19. Question
1 points
Category: Corporate and Other Laws
A negotiable instrument may be negotiated until ____________
Correct
Incorrect
Question 20 of 30
20. Question
1 points
Category: Corporate and Other Laws
Where a promissory note is payable ___________ and is ____________ at a specified place, no
presentation is necessary in order to charge the maker thereof.
Correct
Incorrect
Question 21 of 30
21. Question
1 points
Category: Corporate and Other Laws
In case of any reasonable suspicion about the genuineness of an electronic image of truncated cheque,
________ is entitled to demand any further information regarding the truncated cheque and demand the
presentation of truncated cheque itself for verification.
Correct
Incorrect
Question 22 of 30
22. Question
1 points
Category: Corporate and Other Laws
A cheque must, in order to charge any person except drawer, be presented within __________ after delivery
thereof by such person
Correct
Incorrect
Question 23 of 30
23. Question
1 points
Category: Corporate and Other Laws
Where the drawee agrees to make the payment at a time other than the time stated in the bill, it ___________
Correct
Incorrect
Question 24 of 30
24. Question
1 points
Category: Corporate and Other Laws
If a blank endorsement is converted into an endorsement in full, ___________ are discharged
Correct
Incorrect
Question 25 of 30
25. Question
1 points
Category: Corporate and Other Laws
Statement (1): Conversion of a bearer instrument into an order instrument by deleting the word ‘bearer’ is a
material alteration.
Statement (2): Conversion of a bearer instrument into an order instrument by deleting the word ‘bearer’ is
authorized by the Act.
Statement (3): Where the bearer instrument is converted into an order instrument by deleting the word
‘bearer’ all the parties to the negotiable instrument not consenting to the same are discharged
Correct
Incorrect
Question 26 of 30
26. Question
1 points
Category: Corporate and Other Laws
Where a bill is not accepted by the drawee within ___________ of presentment of bill, it is dishonoured by
non-acceptance
Correct
Incorrect
Question 27 of 30
27. Question
1 points
Category: Corporate and Other Laws
__________ cannot be dishonoured by non-acceptance
Correct
Incorrect
Question 28 of 30
28. Question
1 points
Category: Corporate and Other Laws
When a promissory note or a bill of exchange has been dishonoured by non-acceptance or non-payment, the
holder may, within ___________, cause such dishonour to be noted and certified by notary public
Correct
Incorrect
Question 29 of 30
29. Question
1 points
Category: Corporate and Other Laws
The payer for honour is entitled to recover all the sums paid by him from ___________
Correct
Incorrect
Question 30 of 30
30. Question
1 points
Category: Corporate and Other Laws
Statement (1): It is presumption of law that every negotiable instrument bearing a date was made or drawn
on such date.
Statement (2): It is presumption of law that every lost promissory note or bill was duly stamped
Correct
Incorrect
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