Negotiable Instruments Act MCQ question and answer

1

The term 'legal representative' in section 29 of the Negotiable Instruments Act, 1881

A) Does not include executors or administrator (Rama v. Praoin, AIR 1926 Mad 389) B) Includes executors or administrator (K. Subbanna v. K. Subbarayudu, AIR 1926 Mad 390) C) Includes executors but does not include administrators (P. Nayar v. T. Ramanna, AIR 1929 Mad 389) D) Includes only administrators but does not include executors (P. K. Pati v. Damodar Sahu, AIR 1953 Ori 179)

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Answer & Solution

Answer: Option B

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2

In the case of a promissory note which is not negotiable

A) Notice of dishonour is compulsory B) No notice of dishonour is necessary C) Negotiable Instruments Act is silent on this aspect D) Indorsement is necessary

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Answer & Solution

Answer: Option B

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3

The endorsement of a negotiable instrument is followed by delivery

A) Yes B) No C) Both (A) and (B) D) None of the above

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Answer & Solution

Answer: Option A

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4

'Truncated Cheque' is dealt within which section of the Negotiable Instruments Act, 1881?

A) Section 5 B) Section 6 C) Section 7 D) Section 8

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Answer & Solution

Answer: Option B

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5

Presumption under Section 139 of the Negotiable Instruments Act, 1881 is in respect of-

A) That the cheque was signed by the accused B) That the cheque was dishonoured by the banker C) That the cheque was issued for discharge of any debt D) That the cheque is valid under banking laws

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Answer & Solution

Answer: Option C

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6

Under section 118 of the Negotiable Instruments Act, 1881, it is presumed, until the contrary is proved, that every transfer of a negotiable instrument was made

A) After its maturity B) Before its maturity C) At its maturity D) None of the above

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Answer & Solution

Answer: Option B

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7

An offence under section 138 of Negotiable Instruments Act is Compoundable

A) If the cheque amount is upto one lakh rupees B) If the cheque amount is upto five lakhs rupees C) If the cheque amount is upto ten lakhs rupees D) Cheque of any amount

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Answer & Solution

Answer: Option D

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8

Chapter XVII was inserted into the Negotiable Instruments Act, 1881 by the Amendment of the Act in the year:

A) 1888 B) 1988 C) 1998 D) 1989

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Answer & Solution

Answer: Option B

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9

Under Section 143 of the Negotiable Instruments Act, 1881 the trial shall be made to conclude after filing of complaint within . . . . . . . . period?

A) 2 months B) 4 months C) 6 months D) 8 months

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Answer & Solution

Answer: Option C

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10

Which one of the following Sections of the Negotiable Instruments Act empowers to the Judicial Magistrate of the First Class or Metropolitan Magistrate to try the offence relating to dishonour of cheque for insufficiency etc.?

A) Section 143(1) B) Section 143(2) C) Section 143(3) D) Section 143(4)

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Answer & Solution

Answer: Option A

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Negotiable Instruments Act MCQ question and answer | Law MCQ question