Ch 6: Elements of Law Relating to Negotiable Instruments — Chapter Test
CSEET
📚 Business Laws & Management
📖 Ch.6 — ELEMENTS OF LAW RELATING TO NEGOTIABLE INSTRUMENTS
⭐ V1: Previous Year Question (PYQ)
⚡ Free Mode (Answers Locked)
⏱ Duration: 25 Mins
🎯 Total Marks: 20
Passed at: 10 Marks
Max Attempts: 10
Standard ICSI CSEET objective examination for Elements of Law Relating to Negotiable Instruments. 20 MCQs with instant scoring and detailed explanations.
📑 Exam Questions
20 Questions • Total 20 MarksQuestion 1:
1 Marks
Which of the following is NOT a characteristic of a negotiable instrument?
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Question 2:
1 Marks
A negotiable instrument is transferable by:
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Question 3:
1 Marks
The presumption regarding consideration in a negotiable instrument is that:
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Question 4:
1 Marks
As per Section 4 of the Negotiable Instruments Act, 1881, a promissory note must contain:
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Question 5:
1 Marks
Which of the following is NOT an essential party to a promissory note?
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Question 6:
1 Marks
A document stating "I promise to pay B Rs. 5,000 seven days after my marriage" is:
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Question 7:
1 Marks
According to Section 5 of the Negotiable Instruments Act, 1881, a Bill of Exchange is an instrument in writing containing:
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Question 8:
1 Marks
Who is primarily liable on a Bill of Exchange after acceptance?
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Question 9:
1 Marks
What is the minimum number of parties required for a Bill of Exchange?
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Question 10:
1 Marks
As per Section 6 of the Negotiable Instruments Act, 1881, a cheque is a Bill of Exchange drawn on a:
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Question 11:
1 Marks
Which of the following is a characteristic of a bearer cheque?
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Question 12:
1 Marks
A cheque that is drawn on a specified banker and is expressed to be payable otherwise than on demand is:
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Question 13:
1 Marks
As per the Negotiable Instruments Act, 1881, a 'holder' is a person entitled to:
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Question 14:
1 Marks
To be considered a 'Holder in Due Course', a person must have obtained the negotiable instrument:
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Question 15:
1 Marks
Which of the following is a privilege of a Holder in Due Course?
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Question 16:
1 Marks
Negotiation of a negotiable instrument means its transfer:
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Question 17:
1 Marks
An endorsement where the endorser merely signs his name on the back of the instrument is called a:
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Question 18:
1 Marks
An endorsement that prohibits or restricts the further negotiation of the instrument is known as a:
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Question 19:
1 Marks
For an offence under Section 138 of the Negotiable Instruments Act, 1881, the payee or holder in due course must make a demand for payment within what period from the date of receipt of information from the bank regarding the return of the cheque as unpaid?
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Question 20:
1 Marks
What is the maximum imprisonment period prescribed under Section 138 of the Negotiable Instruments Act, 1881, for dishonour of a cheque?
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