Question 1

Crossing of a cheque effects the

Accepted Answer

A) Negotiability of the cheque 
B) Mode of payment on the cheque 
C) Both (a) and (b) 
D) None of the above 
A) Negotiability of the cheque 
B) Mode of payment on the cheque 
C) Both (a) and (b) 
D) None of the above C

Question 2

Presentment of an acceptance is required in case of

Accepted Answer

A) Every Bill of exchange 
B) Every Bill of exchange payable after sight 
C) Every promissory note 
D) Every cheque 
A) Every Bill of exchange 
B) Every Bill of exchange payable after sight 
C) Every promissory note 
D) Every cheque C

Question 3

If a cheque is refused by the State Bank of India (SBI) due to inadequacy of funds for the cheque to clear, then it is said to be

Accepted Answer

A) Bounced cheque 
B) Cancelled cheque 
C) Either a or b 
D) Both a and b 
A) Bounced cheque 
B) Cancelled cheque 
C) Either a or b 
D) Both a and b A

Question 4

A minor cannot be a______________ of the instrument

Accepted Answer

A) Drawer 
B) Drawee 
C) Payee 
D) Acceptor 
A) Drawer 
B) Drawee 
C) Payee 
D) Acceptor

Question 5

Presentation is required for

Accepted Answer

A) Acceptance 
B) Sight 
C) Payment 
D) Any of the above three purposes 
A) Acceptance 
B) Sight 
C) Payment 
D) Any of the above three purposes

Question 6

A drawee is need to be given a deliberation of

Accepted Answer

A) 24 hrs 
B) 48 hrs 
C) 72hrs 
D) 10 days 
A) 24 hrs 
B) 48 hrs 
C) 72hrs 
D) 10 days

Question 7

If the words "not negotiable" are used with special crossing in a cheque, the cheque is

Accepted Answer

A) Not transferable 
B) Transferable 
C) Negotiable under certain circumstances 
D) None of the above 
A) Not transferable 
B) Transferable 
C) Negotiable under certain circumstances 
D) None of the above

Question 8

Notice of dishonour must be given

Accepted Answer

A) To the drawer and drawee only 
B) To the drawer, acceptor and endorser(s) only 
C) To all the parties liable on the instrument or to their duly authorized agent 
D) To all the parties who are secondarily liable on the instrument or to their duly authorized agent 
A) To the drawer and drawee only 
B) To the drawer, acceptor and endorser(s) only 
C) To all the parties liable on the instrument or to their duly authorized agent 
D) To all the parties who are secondarily liable on the instrument or to their duly authorized agent

Crossing of a cheque effects the

Presentment of an acceptance is required in case of

If a cheque is refused by the State Bank of India (SBI) due to inadequacy of funds for the cheque to clear, then it is said to be

A minor cannot be a______________ of the instrument

Presentation is required for

A drawee is need to be given a deliberation of

If the words "not negotiable" are used with special crossing in a cheque, the cheque is

Notice of dishonour must be given

Contract Law in India: Exploring Agreements, Offers, and Consideration

Contract Law: Understanding Legal Agreements and Their Discharge, Breach, and Enforcement

Contract Law and Consideration: Understanding Free Consent and Unlawful Agreements

Indian Contract Act

Contract Law and Sale of Goods

Corporate Law

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Exam 7: Cheques and Banking Procedures

Crossing of a cheque effects the

Presentment of an acceptance is required in case of

If a cheque is refused by the State Bank of India (SBI) due to inadequacy of funds for the cheque to clear, then it is said to be

A minor cannot be a______________ of the instrument

Presentation is required for

A drawee is need to be given a deliberation of

If the words "not negotiable" are used with special crossing in a cheque, the cheque is

Notice of dishonour must be given

Contract Law in India: Exploring Agreements, Offers, and Consideration

Contract Law: Understanding Legal Agreements and Their Discharge, Breach, and Enforcement

Contract Law and Consideration: Understanding Free Consent and Unlawful Agreements

Indian Contract Act

Contract Law and Sale of Goods

Corporate Law

Filters