Vidyalelo
Law · all questions

Negotiable Instruments Act
practice.

Practice every MCQ with options. Use Show answers when you want the correct option and solution.

301

Questions

4/16

Page

Pick an option on a question to see the right answer and solution.

Under Negotiable Instruments Act, promissory note can be drawn for minimum period of

Select an option to see the answer and solution.

Offences under Negotiable Instruments Act are compoundable

Select an option to see the answer and solution.

Under the Limitation Act, 1963 the period of limitation for filing a suit by the payee against the drawer of a bill of exchange which has been dishonoured by non-acceptance is

Select an option to see the answer and solution.

Drawer and payee in a Bill of exchange may be same parties.

Select an option to see the answer and solution.

Days of grace provided to the Instruments at maturity is (as per the provisions of the Negotiable Instruments Act, 1881)

Select an option to see the answer and solution.

Which of the following is not correct with regard to presentment for acceptance?

Select an option to see the answer and solution.

A' signs instruments in the following terms, which instruments are promissory note under Section 4 of the Negotiable Instruments Act, 1881?

Select an option to see the answer and solution.

In which of the following cases the Supreme Court gave guidelines for speedy and expeditious trial of cheque bouncing cases

Select an option to see the answer and solution.

Which among the following is not true with respect to negotiable instruments?

Select an option to see the answer and solution.

Under Negotiable Instruments Act, for filing a complaint under section 138 of the Act essential condition is -

Select an option to see the answer and solution.

Which of the following is a correct statement of law as per Sections 138 and 142 of the Negotiable Instruments Act, 1881?

Select an option to see the answer and solution.

In which of the following judgments has the Supreme Court held that only those courts within whose territorial limits the drawee bank is situated, would have jurisdiction to try the cases for offence under Section 138 of the Negotiable Instruments Act, 1881?

Select an option to see the answer and solution.

Can the Magistrate order an investigation on the allegation of an offence under Section 138 of Negotiable Instruments Act?

Select an option to see the answer and solution.

In which of the following cases the Supreme Court held that the provisions of Section 141 of the Negotiable Instruments Act, 1881 do not contain a condition that the prosecution of a company is sine qua non for prosecution of other persons. The liability of the Directors/Officers etc. is vicarious and will flow from the liability of the company/firm.

Select an option to see the answer and solution.

Under section 118 of the Negotiable Instruments Act, the onus of proving absence of consideration in the execution of a negotiable instrument is on the

Select an option to see the answer and solution.

Can a drawer escape from his liability?

Select an option to see the answer and solution.

The indorsement of a negotiable instrument followed by delivery

Select an option to see the answer and solution.

Who is entitled to make a complaint for taking cognizance of the offence under Section 138 of the Negotiable Instruments Act, 1881?

Select an option to see the answer and solution.

Which of the Section of Negotiable Instruments Act, 1881 provides that "where a person is nominated as a Director of a company by virtue of his holding any office or employment in the Central Government or the State Government, as the case may be, he shall not be held liable for an-offence under Section 138 of the Act, committed by a company?"

Select an option to see the answer and solution.

A' signs an instrument in writing as under 'On demand, I promise, I promise to pay 'B' the sum of Rs. 10,000'. What is this called?

Select an option to see the answer and solution.