Negotiable Instruments Act MCQ question and answer | Law MCQ question Page-14 section-1

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131.
The maximum amount of fine which can be imposed under Section 138 of Negotiable Instruments Act is

A. Ten Thousand Rupees

B. One Lakh Rupees

C. Equal to the cheque's amount

D. Twice of the cheque's amount

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132.
A draws a bill on B for ¹ 500 payable to the order of A. B accepts the bill, but subsequently dishonours it by non-payment. Asues B on the bill. B proves that it was accepted for value as to ¹ 400, and as an accommodation to the plaintiff as to the residue. Thus, as per the provisions of the Negotiable Instruments Act, 1881, A can only recover the following amount:

A. ¹ 900

B. ¹ 500

C. ¹ 400

D. ¹ 100

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133.
Which of the following section of Negotiable Instruments Act is related with presumption?

A. Section 119

B. Section 137

C. Section 139

D. All of these

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134.
Under section 138 of Negotiable Instruments Act, complaint may be made within from cause of action arises -

A. 15 days

B. One month

C. 45 days

D. Two months

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135.
If the person committing an offence under Section 138 of the Negotiable Instruments Act, 1881, is a company, the following shall be deemed to be guilty of the offence:

A. A person who, at the time the offence was committed, was in charge of, and was responsible for the conduct of the business of the company and not the company

B. The company, in its name

C. A Director of the Company nominated by the Central Government

D. A person, in charge of and responsible for the conduct of the business of the company, as well as the company

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136.
Match List I with List II and select the correct answer by using the given below the lists:

List I List II

a. Cognizance of offences 1. Section 138 of the Negotiable Instruments Act, 1881

b. Offences by companies and firms 2. Section 142 of the Negotiable Instruments Act, 1881

c. Dishonour of cheque for insufficiency of funds 3. Section 143 of the Negotiable Instruments Act, 1881

d. Power of court to try cases summarily 4. Section 141 of the Negotiable Instruments Act, 1881

A. a-1, b-2, c-3, d-4

B. a-2, b-4, c-1, d-3

C. a-3, b-1, c-4, d-2

D. a-4, b-2, c-1, d-3

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137.
The Provision, that "no court inferior to that of a Metropolitan Magistrate or a Judicial Magistrate of the First Class shall try offence punishable under Section 138", exists under

A. Clause (b) of Section 142 of the Negotiable Instruments Act, 1881

B. Clause (a) of Section 142 of the Negotiable Instruments Act, 1881

C. Clause (c) of Section 142 of the Negotiable Instruments Act, 1881

D. Section 143 of the Negotiable Instruments Act, 1881

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138.
The Drawer shall be held . . . . . . . . under section 138 if he has stopped payment after issuing the cheque.

A. Not liable

B. Liable

C. Not sure

D. Both (A) and (B)

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139.
In which of the following cases did Supreme Court hold that complaint for dishonor of cheque can be filed at the place where cheque was lodged and not where cheque was issued?

A. A. C. Narayan v. State of Maharashtra

B. P. J. Agro v. Water Base Ltd.

C. Bridgestone India (P) Ltd. v. Inderpal Singh

D. Standard Chartered Bank v. State of Maharashtra

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140.
Whether director is liable if the cheque issued on behalf of company is dishonored?

A. Yes, he is liable, if he was in charge of and was reasonable for the conduct of business of the company

B. No, only company is liable

C. No, director is not liable

D. None of the above

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1 2 3 4 5 6 7 8 9 10

List I	List II
a. Cognizance of offences	1. Section 138 of the Negotiable Instruments Act, 1881
b. Offences by companies and firms	2. Section 142 of the Negotiable Instruments Act, 1881
c. Dishonour of cheque for insufficiency of funds	3. Section 143 of the Negotiable Instruments Act, 1881
d. Power of court to try cases summarily	4. Section 141 of the Negotiable Instruments Act, 1881

Negotiable Instruments Act MCQ question and answer | Law MCQ question

131. The maximum amount of fine which can be imposed under Section 138 of Negotiable Instruments Act is

Answer & Solution

Answer & Solution

133. Which of the following section of Negotiable Instruments Act is related with presumption?

Answer & Solution

134. Under section 138 of Negotiable Instruments Act, complaint may be made within from cause of action arises -

Answer & Solution

135. If the person committing an offence under Section 138 of the Negotiable Instruments Act, 1881, is a company, the following shall be deemed to be guilty of the offence:

Answer & Solution

Answer & Solution

137. The Provision, that "no court inferior to that of a Metropolitan Magistrate or a Judicial Magistrate of the First Class shall try offence punishable under Section 138", exists under

Answer & Solution

138. The Drawer shall be held . . . . . . . . under section 138 if he has stopped payment after issuing the cheque.

Answer & Solution

139. In which of the following cases did Supreme Court hold that complaint for dishonor of cheque can be filed at the place where cheque was lodged and not where cheque was issued?

Answer & Solution

140. Whether director is liable if the cheque issued on behalf of company is dishonored?

Answer & Solution

Read More Section(Negotiable Instruments Act)

131.
The maximum amount of fine which can be imposed under Section 138 of Negotiable Instruments Act is

133.
Which of the following section of Negotiable Instruments Act is related with presumption?

134.
Under section 138 of Negotiable Instruments Act, complaint may be made within from cause of action arises -

135.
If the person committing an offence under Section 138 of the Negotiable Instruments Act, 1881, is a company, the following shall be deemed to be guilty of the offence:

137.
The Provision, that "no court inferior to that of a Metropolitan Magistrate or a Judicial Magistrate of the First Class shall try offence punishable under Section 138", exists under

138.
The Drawer shall be held . . . . . . . . under section 138 if he has stopped payment after issuing the cheque.

139.
In which of the following cases did Supreme Court hold that complaint for dishonor of cheque can be filed at the place where cheque was lodged and not where cheque was issued?

140.
Whether director is liable if the cheque issued on behalf of company is dishonored?