Negotiable Instrument Act 1881

40 Questions | Total Attempts: 173

SettingsSettingsSettings
Please wait...
Negotiable Instrument Act 1881

.


Questions and Answers
  • 1. 
    In the RTI Act 2005, PIO means Public Information Officer.
    • A. 

      True

    • B. 

      False

  • 2. 
    PIO can not seek the assistance of any other officer for the proper discharge of his/their duties.
    • A. 

      True

    • B. 

      False

  • 3. 
    PIO shall deal with people's requests seeking information and where the request can be made in writing, to render reasonable assistance to the person to reduce the same in writing.
    • A. 

      True

    • B. 

      False

  • 4. 
    ATM failed transaction penalty Rs. 100 per day beyond----------------- (12, 15, 7, 10) days.
  • 5. 
    PIo, within max. 30 days of receiving request either provide the information sought for on payment of requisite fees or reject the request for any of the reason specified in 8.8 or 8.9 of the RTI Act.
    • A. 

      True

    • B. 

      False

  • 6. 
    Neft charges upto 1 lac, Rs.----------------
    • A. 

      2 per 100

    • B. 

      10

    • C. 

      7

    • D. 

      5

  • 7. 
    RTGS time period for normal days-------------------------- & for saturdays-----------------------
  • 8. 
    Holder can do--------------------------- crossing
  • 9. 
    Interest subsidy for educational loan till-----------------------period
  • 10. 
    Negotiation of bearer cheque is completed by-----------------------
  • 11. 
    Negotiability of bearer cheque and order cheque has been provided under section----------------- &----------------respecrively
  • 12. 
    Holder-in-due course & holder have been defined under sec--------------------& ------------------respecrively
  • 13. 
    Payment in due course has been provided under section------------------ of N I Act
  • 14. 
    Right of holder (find the incorrect one)
  • 15. 
    Form of Conditional Endorsement-----------------
  • 16. 
    Material alteration which is not apparently visible in a cheque not having drawer's confirmation, if paid by the bank, protection can be available as provided in section--------------------of N.I. Act
  • 17. 
    Forgery of drawer's signature where forgery is not visible even before hanovian lamp, if paid bank would get protection
  • 18. 
    A cheque is valid for 3 months from the-----------------------------of the cheque
  • 19. 
    A bill drawn in New Delhi made payable in London, by ramesh kumar, a resident indian is-------------------
  • 20. 
    If nothing is mentioned in a BOE about allowing grace period for determining Due date of an Usance Bill 3 days grace period is----------------------
  • 21. 
    Under Section 131 of N.I. Act, Collecting banker is protected from
  • 22. 
    Bank has purchased a cheque of a customer & customer has got money before collection of the cheque, Bank stands as-----------------
  • 23. 
    Where there is only one endorsement which is blank or out of series of endorsements the last endorsement is blank, a cheque originally payable to order is converted to bearer and as such can be paid over the counter. 
  • 24. 
    A cheque presented in a cash credit account returned unpaid with the reason " Exceeds Arrangement", Payee can get resort to section 138 of N.I. Act & can proceed criminally against the drawer subject to compliance of certain formalities as provided in N.I.Act
  • 25. 
    The Maxim "Once a bearer always bearer " holds good only when the cheque is expressly made payable bearer
Back to Top Back to top