The Negotiable Instruments Act, 1881 MCQ BANK
LUCKNOW UNIVERSITY BCOM SEM II -Business Regulatory Framework The Negotiable Instruments Act, 1881 TOP 50MCQ Q.1:- The Negotiable Instruments Act, 1881 is an Act to define and amend the law relating to: cheques bills of exchange promissory notes, All of the above Correct Option: D Q.2:- “banker” includes: Any person acting as an employee of any bank and any post office saving bank. Any person acting as a banker and any post office saving bank Any person acting as an agent of any bank and any post office saving bank. Any person acting as a Managing Director of any bank and any post office saving bank Correct Option: B Q.3:- Which is NOT an example of “Promissory Note”: “I acknowledge myself to be indebted to B in Rs. 1, 000, to be paid on demand, Tor value received.” Mr B, I.O.U Rs. 1,000.” “I promise to pay B or order Rs. 500”. None of the above. Correct Option: B Q.4:- In a Promissory Note, how many parties are involved: One Two Three Four Correct Option: B Q.5:- Which is NOT correc