Negotiable Instruments Act MCQ question and answer

81

Mens rea has no place while determining penal liability under Section 138 of the Negotiable Instruments Act, 1881'. This statement is:

A) Correct B) Wrong C) Partly correct D) Depends upon facts of the case

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Answer & Solution

Answer: Option A

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82

It shall not be a defence in a prosecution for an offence under Section 138 that the drawer had no reason to believe when he issued the cheque that the cheque may be dishonoured on presentment for the reasons stated in the Section. This statement is:

A) False B) Partly true C) True D) None of the above

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Answer & Solution

Answer: Option C

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83

Who among the following is empowered to take cognizance of any offence committed under Section 138 of the Negotiable Instruments Act, 1881

A) The Chief Managing Director of the Bank B) The Banking Ombudsman C) The Metropolitan Magistrate or Judicial Magistrate of the 1^st Class D) The Executive Magistrate

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Answer & Solution

Answer: Option C

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84

In every trial, under Section 143 of the Negotiable Instruments Act, 1881, an endeavour shall be made to conclude the trial:

A) Within six months from the date of filling the complaint B) Within nine months from the date of filing the complaint C) Within twelve months from the date of filing the complaint D) Within one month from the date of filing the complaint

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Answer & Solution

Answer: Option A

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85

If a prosecution for an offence under Section 138 the fact that drawer had no reason to believe when he issued the cheque that the cheque may be dishonoured on presentment

A) Shall be a defence B) Shall not be a defence C) Shall be sufficient to dislodge the presumption under Section 139 D) Shall be a ground to refuse the issuance of process

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Answer & Solution

Answer: Option B

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86

Dishonour by non-acceptance takes place

A) When the bill is properly presented for acceptance, except where presentment is excused, but the drawee makes the default in accepting it B) When the bill is properly presented for acceptance, except where presentment is excused, but the drawee makes the default in paying it C) When the bill is properly presented for payment, except where presentment is excused, but the drawee fails to accept it D) None of the above

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Answer & Solution

Answer: Option A

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87

The Negotiable Instruments Act 1881, section 4 covers . . . . . . .

A) Promissory note B) Bills of Exchange C) Cheque D) All of them

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Answer & Solution

Answer: Option A

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88

Court can take cognizance of any offence punishable under Section 138 of the Negotiable Instruments Act

A) Suo motu B) Upon a complaint in writing made by the payee C) Upon a police report D) None of the above

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Answer & Solution

Answer: Option B

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89

Court shall not take cognizance of any offence punishable under Section 138 of the Negotiable Instruments Act, 1881 unless complaint is made within:

A) One month B) Fifteen days C) Two months D) Three months

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Answer & Solution

Answer: Option A

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90

The dishonour of cheque is a punishable offence under section . . . . . . . . of the Negotiable Instruments Act 1881.

A) 140 B) 139 C) 138 D) 141

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Answer & Solution

Answer: Option C

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Negotiable Instruments Act MCQ question and answer | Law MCQ question