Negotiable Instruments Act MCQ question and answer

51

Under the provisions of section 143 of the Negotiable Instruments Act, 1881, all offences under the Act are to be tried by

A) Any Judicial Magistrate B) Judicial Magistrate of the First Class or by a Metropolitan Magistrate C) Only a District Judge D) None of the above

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Answer & Solution

Answer: Option B

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52

The Negotiable Instruments Act, 1881 provides for making which of the following presumptions as special rule of evidence, until the contrary is provided:

A) That every negotiable instrument bearing a date was not made or drawn on such date B) That every transfer of negotiable instrument was not made before its maturity C) That a lost promissory note, bill of exchange or cheque was duly stamped D) All the above

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Answer & Solution

Answer: Option C

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53

Negotiable Instruments Act:- When the cause of action accrue, if the cheque issued by blte drawer is dishonour?

A) On the date receipt of information by bank regarding the return of cheque as unpaid B) On the date when notice is issued by payee to the drawer C) On the date drawer of cheque fails to make the payment of cheque amount to payee within 15 days from the receipt of demand notice D) None of these

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Answer & Solution

Answer: Option C

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54

At sight under section 21 of the Negotiable Instruments Act, 1881 means

A) On presentation B) On demand C) On coming into vision D) None of the above

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Answer & Solution

Answer: Option B

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55

Who are the partners in a bill of exchange?

A) Drawer & Drawee B) Payee C) Both (A) and (B) D) None of the above

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Answer & Solution

Answer: Option C

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56

Bill of exchange and Promissory Note is required to be made on a stamp paper.

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

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Answer & Solution

Answer: Option A

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57

Can a magistrate pass an order an investigation on the assertion of an offence under section 138 of Negotiable Instruments Act, 1881.

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

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Answer & Solution

Answer: Option A

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58

Chapter XVII contain sections

A) 138 to 142 B) 136 to 142 C) 112 to 124 D) None of the above

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Answer & Solution

Answer: Option D

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59

While drawing a bill of exchange, a person whose name is given in addition to the drawee who can be resorted in case of need, is called

A) Acceptor B) Acceptor for honour C) Drawee in case of need D) Drawer

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Answer & Solution

Answer: Option C

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60

The provIsion of section 147 of the Negotiable Instruments Act, 1881, that every offence punishable under this Act shall be compoundable was inserted by the

A) Amending Act of 1988 B) Amending Act of 1980 C) Amending Act of 2002 D) None of the above

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Answer & Solution

Answer: Option C

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Negotiable Instruments Act MCQ question and answer | Law MCQ question