Negotiable Instruments Act MCQ question and answer | Law MCQ question

A. Section 25 of Reserve Bank of India

B. Section 13 of Banking Regulation Act

C. Section 13 of Negotiable Instruments Act

D. Section 3 of Banking Instruments Act

A. Holder

B. Bank

C. Endorser

D. Court

A. Liability of Directors

B. Limitation to file Complaint

C. Summary trials

D. Territorial jurisdiction

A. May be given by the notary public who makes the protest

B. Must always be given by the notary public who makes the protest

C. Must be given by the holder

D. None of the above

A. Under Section 5 of the Indian Limitation Act, 1963

B. Under Section 138 of the Negotiable Instruments Act, 1881

C. Under Section 142 of the Negotiable Instruments Act, 1881

D. Under Section 143 of the Negotiable Instruments Act, 1881

A. Section 140

B. Section 141

C. Section 143

D. Section 142

A. The payer or as the case may be, the holder in due course of the cheque

B. Any person who is effected can make a complaint

C. The payee with the written permission of the drawee

D. None of the above

A. One month

B. Thirty days

C. Three months

D. Six months

A. The banker on whom it is drawn shall not pay it otherwise than to the banker to whom it is crossed, or his agent for collection

B. The banker on whom the cheque is drawn shall not pay it otherwise than to a banker

C. Payment of cheque amount across the counter

D. Payment of cheque amount to the agent of payee

A. Offence of cheque bouncing is a compoundable offence

B. Every trial of cheque bouncing shall be concluded within 3 months

C. In trial of such cases, provisions of u/s 262 to 265 of CrPC will not apply

D. In case of conviction in summary trial of such cases, Magistrate shall pass a sentence of imprisonment for a term of 2 years