Negotiable Instruments Act - Practice Test

[#266] Chapter XVII contain sections

(A) 138 to 142

(B) 136 to 142

(C) 112 to 124

(D) None of the above

Correct Answer

(D) None of the above

[#267] While drawing a bill of exchange, a person whose name is given in addition to the drawee who can be resorted in case of need, is called

(A) Acceptor

(B) Acceptor for honour

(C) Drawee in case of need

(D) Drawer

Correct Answer

(C) Drawee in case of need

[#268] The provIsion of section 147 of the Negotiable Instruments Act, 1881, that every offence punishable under this Act shall be compoundable was inserted by the

(A) Amending Act of 1988

(B) Amending Act of 1980

(C) Amending Act of 2002

(D) None of the above

Correct Answer

(C) Amending Act of 2002

[#269] Which of the following statements is false?

(A) The defence of non est factum was evolved by the judiciary to save the position of a person who signed a document but could not read it due to his blindness or illiteracy

(B) In course of time, the defence of non est factum came to be applied to other areas also besides blindness and illiteracy

(C) The doctrine of non est factum applies in case of a misrepresentation inducing a mistaken belief regarding the class and character of a supposed document

(D) The doctrine originally applied to the negotiable instruments but it came under criticism and after being overhauled by the House of Lords, it applies only to contracts

Correct Answer

(D) The doctrine originally applied to the negotiable instruments but it came under criticism and after being overhauled by the House of Lords, it applies only to contracts

[#270] Who, of the followings, are not liable for prosecution under Section 141 of the Negotiable Instruments Act, 1881?

(A) Any person nominated as director by virtue of holding any office or employment in Central Government

(B) Any person nominated as director by virtue of holding any office or employment in State Government

(C) Any person nominated as director by virtue of holding any office or employment a central or state owned or controlled Financial Corporation

(D) All of the above

Correct Answer

(D) All of the above

Negotiable Instruments Act - Study Mode

[#266] Chapter XVII contain sections

Correct Answer

[#267] While drawing a bill of exchange, a person whose name is given in addition to the drawee who can be resorted in case of need, is called

Correct Answer

[#268] The provIsion of section 147 of the Negotiable Instruments Act, 1881, that every offence punishable under this Act shall be compoundable was inserted by the

Correct Answer

[#269] Which of the following statements is false?

Correct Answer

[#270] Who, of the followings, are not liable for prosecution under Section 141 of the Negotiable Instruments Act, 1881?

Correct Answer