Negotiable Instruments Act MCQ question and answer

91

Which of the following is true about 'Inchoate Instrument'?

A) It is an ambiguous instrument B) It is an incomplete or blank negotiable instrument C) It is not a negotiable instrument D) It is a documentary bill

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Answer & Solution

Answer: Option B

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92

Which of the following circumstances will attract the provisions of Section 138 of Negotiable Instruments Act?

A) Cheque dishonour due to insufficiency of funds B) Cheque returned by the Bank unpaid on the ground that the account is closed C) Cheque returned by the Bank unpaid due to stop payment instruction by drawer D) In all of the above circumstances

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Answer & Solution

Answer: Option D

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93

The appeal against an order of acquittal passed by Judicial Magistrate First Class in respect of the offence under Section 138 of the Negotiable Instruments Act would lie to-

A) To the High Court directly B) To the Court of Session C) To the High Court with the leave of that Court D) To the Court of Chief Judicial Magistrate

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Answer & Solution

Answer: Option B

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94

As per Section 118 of the Negotiable Instruments Act, presumption in regard to the date of a negotiable instrument is that every negotiable instrument bearing a date was made or drawn:

A) On such date B) Prior to that date C) May be on or prior to such date D) None of the above

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Answer & Solution

Answer: Option A

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95

Offence under Negotiable Instruments Act are:

A) Cognizable & compoundable B) Non Cognizable & compoundable C) Cognizable & Non compoundable D) Non Cognizable &non compoundable

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Answer & Solution

Answer: Option A

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96

How much time is given for complaint for 'dishonour' of cheque?

A) 45 days of intimation of dishonour B) 90 days of intimation of dishonour C) 30 days of intimation of dishonour D) 15 days of intimation of dishonour

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Answer & Solution

Answer: Option C

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97

As per the provision of section 93, when a cheque is dishoroured by non-acceptance or non-payment the holder

A) May or may not give notice to the oparties whom the holder seeks to make liable thereon B) Must given notice to the parties whom the holder seebs to made C) Must give notice to the parties whom the holder such to make liable, but after noting D) Must not give any notice to anyone

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Answer & Solution

Answer: Option B

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98

Which provision of the Act deals with 'payment in due course'?

A) Section 9 B) Section 10 C) Section 36 D) Section 78

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Answer & Solution

Answer: Option B

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99

In order to rebut the presumption under Section 138 & 118 of Negotiable Instruments Act accused

A) Must prove the absence of consideration by direct evidence B) Must prove absence of consideration beyond reasonable doubt C) Must give some evidence in defence D) May rebut the presumption on the principle of preponderance of probability

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Answer & Solution

Answer: Option D

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100

A cheque which is torn into pieces is called

A) Stale cheque B) Mutilated cheque C) Postdated cheque D) Dishonored cheque

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Answer & Solution

Answer: Option B

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Negotiable Instruments Act MCQ question and answer | Law MCQ question