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04-03-2013, 04:31 PM
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Negotiable Instruments Act Question paper
Negotiable Instruments Act Question paper


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1. The Negotiable Instruments Act, 1881 applies to
(a) the whole of India
(b) the whole of India except the State of Jammu and Kashmir
© those states as notified by the Union Government from time to time in the Official Gazette
(d) the whole of India except the State of Jammu and Kashmir and the North- Eastern States.
2. The Negotiable Instruments Act, 1881 came into force on
(a) 9th December, 1881
(b) 19th December, 1881
© 1st March, 1882
(d) none of the above.
3. The undertaking contained in a promissory note, to pay a certain sum of money is
(a) conditional
(b) unconditional
© may be conditional or unconditional depending upon the circumstances
(d) none of the above.
4. A bill of exchange contains a/an
(a) unconditional undertaking
(b) unconditional order
© conditional undertaking
(d) conditional order.
5. Cheque is a
(a) promissory note
(b) bill of exchange
© both (a) and (b) above
(d) None of the above.
6. The term "a cheque in the electronic form" is defined in the Negotiable Instruments Act, 1881 - under
(a) section 6(a)
(b) section 6(l)(a)
© explanation 1(a) of section 6
(d) section 6A.
7. The term 'Negotiable instrument' is defined in the Negotiable Instruments Act, 1881, under section
(a) 12
(b) 13
© 13A
(d) 2(d).
8. The term 'negotiation' in section 14 of the Negotiable Instruments Act, 1881 refers to
(a) the transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder thereof
(b) the payment by a bank on a negotiable instrument after due verification of the instrument
© the bargaining between the parties to a negotiable instrument
(d) all of the above.
9. If an instrument may be construed either as a promissory note or bill of exchange, it is
(a) a valid instrument
(b) an ambiguous instrument
© a returnable instrument
(d) none of the above.
10.If in an instrument the amount undertaken or ordered to be paid is stated differently in figures and in words
(a)the instrument is void due to uncertainty
(b)the amount stated in figure shall be the amount undertaken or ordered to be paid
© the amount stated in words shall be the amount undertaken or ordered to be paid
(d) none of the above.
11. Under section 16 of the Negotiable Instrument Act, 'indorsement in blank' of an instrument means
(a) where the indorser does not write anything on the instrument
(b) where the indorser signs his name only on the instrument
© where the indorser writes the name of the person who is directed to pay
(d) none of the above.
12. 'At sight' under section 21 of the Negotiable Instrument Act, 1881, means
(a) on presentation
(b) on demand
© on coming into vision
(d) none of the above.
13. A promissory note or bill of exchange which is not expressed to be payable on demand, at sight or on presentment is at maturity
(a) on the 30th day after the day on which it is expressed to be payable
(b) on the 3rd day after the day on which it is expressed to be payable
© on the 5th day after the day on which it is expressed to be payable
(d) on the 4th day after the day on which it is expressed to be payable.
14. If a minor draws, indorses, deliver or negotiates an instrument, such instrument binds
(a) all parties to the instrument including the minor
(b) only the minor and not other parties to the instrument
© all parties to the instrument except the minor
(d) none of the above.
15. In a promissory note, the amount of money payable
(a) must be certain
(b) may be certain or uncertain
© is usually uncertain
(d) none of the above.
16. An authority to draw bills of exchange
(a) itself import an authority to indorse
(b) does not itself import an authority to indorse
© sometime import an authority to indorse
(d) none of the above.
17. The term 'legal representative' in section 29 of the Negotiable Instruments Act, 1881
(a) does not include executors or administrator (Rama v. Pravin, AIR 1926 Mad 389)
(b) includes executors or administrator (K. Subbanna v. K. Subbarayudu, AIR 1926 Mad 390)
© includes executors but does not include administrators (P. Nayar v. T. Ramanna, AIR 1929 Mad 389)
(d) includes only administrators but does not include executors (P.K. Pati v. Damodar Sahu, AIR 1953 Ori 179).
18. Can a drawer escape from his liability?
(a) no, a drawer can never escape from his liability
(b) yes, a drawer can limit or exclude his liability by inserting in the bill an express stipulation to that effect
© in certain cases although he can escape from his liability but always he cannot so escape
(d) none of the above.
19. In which of the following case the elementary law is laid down that where there is no acceptance, no cause of action can have arisen to the payee against the drawee
(a) Khandas Narandas v. Dahiabhai, ILR 3 Bom 182 (183)
(b) Venkayya Pantulu v. Sun/a Prakasamma, AIR 1940 Mad 879
© Karak Rubber Co. Ltd. v. Burden, (1972) 1 All ER 1210
(d) K.A. Lona v. D.H. Ibrahim, AIR 1981 Ker 816 (DB).
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