IBPS SO Law Officer Negotiable Instruments Act, FREE PDF & Quiz

1. The Negotiable Instruments Act was enacted in:

2. A promissory note is defined in:

3. A bill of exchange is defined under:

4. A cheque is defined under:

5. In a bill of exchange, the person who makes the instrument is called the:

6. The term ‘holder’ is defined in:

7. A holder in due course is defined in:

8. ‘Payment in due course’ is defined under:

9. For an instrument entitled to days of grace, the ordinary statutory allowance is:

10. If the day on which a promissory note or bill of exchange is at maturity is a public holiday, the instrument is ordinarily deemed due on:

11. Dishonour of a cheque for insufficiency of funds or because it exceeds the arrangement may attract criminal liability under:

12. After receiving information from the bank regarding dishonour, the payee or holder in due course must ordinarily issue the statutory demand notice within:

13. After receipt of a valid Section 138 demand notice, the drawer ordinarily gets how many days to make payment before the cause for prosecution arises?

14. The maximum imprisonment prescribed by Section 138 may extend to:

15. The presumption in favour of the holder that the cheque was received for discharge, wholly or partly, of a debt or other liability is contained in:

16. Offences by companies in relation to Section 138 are dealt with under:

17. Interim compensation in a Section 138 prosecution may be ordered under Section 143A up to:

18. An instrument payable to bearer is generally negotiated by:

19. An instrument payable to order is ordinarily negotiated by:

20. A material alteration of a negotiable instrument is principally addressed by: