Negotiable Instruments Act MCQ question and answer

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Each section contains 100 MCQs on Negotiable Instruments Act .

Cognizance of an offence under section 138 can be taken by a court only on a/an

A) Police report (section 142) B) Complaint (section 142) C) Application to the District Judge (section 142) D) None of the above

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Proceedings under section 138 Negotiable Instruments Act 1881 which defence shall not be allowed?

A) The cheque is not signed by drawer B) Complaint is not holder or holder in due course C) Drawer had no reason to believe when he issued the cheque it may be dishonoured D) He had not issued the cheque in discharge of legal liability

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Under Section 23 of Negotiable Instruments Act, a promissory note or bill of exchange, dated 31^st August, 2018 is made payable three months after date. The instrument is at maturity of the . . . . . . . . ?

A) 30^th November, 2018 B) 31^st November, 2018 C) 1^st December, 2018 D) 3^rd December, 2018

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Under section 11 of the Negotiable Instruments Act, a promissory note, bill of exchange or cheque drawn or made in India, and made payable in, or drawn upon any person resident in India is . . . . . . . .

A) Inland instrument B) Foreign instrument C) Negotiable instrument D) Indorsement

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

If the words "not negotiable" are used with special crossing in a cheque, the cheque is

A) Not transferable B) Transferable C) Negotiable under certain circumstances D) None of the above

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

A Magistrate issuing a summons to an accused or a witness can send it

A) By speed post B) By courier services C) By a courier services as are approved by a court of session D) Both (A) and (C)

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

The Negotiable Instruments Act, 1881 became operative from the date of

A) 9^th December, 1881 B) 31^st December, 1881 C) 1^st March, 1881 D) 31^st March, 1881

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Section 138 of the Negotiable Instruments Act, 1881, . . . . . . . . . . mens rea

A) Partially excludes B) Includes C) Sometime includes D) None of the above

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Which option is correct, where a complaint under section 138 Negotiable Instruments Act is filed at premature stage i.e. before the expiry of period prescribed in demand notice of 15 days?

A) Court has no option but to dismiss the complaint B) Such complaint should not be accepted at all C) Cognizance can be taken afterwards when cause of action arises D) None of the above

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Cheque doesn't require any stamping.

A) True B) False C) Partly true D) Partly false

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

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Negotiable Instruments Act MCQ question and answer | Law MCQ question