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Tamil Nadu State Board ( Samacheer Kalvi ) Online Test based on Book Back Questions - 12th Standard Commerce - English Medium - The Negotiable Instruments Act, 1881
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Samacheer Kalvi 12th
English
Commerce
The Negotiable Instruments Act, 1881
Samacheer Kalvi 12th Commerce - The Negotiable Instruments Act, 1881 - Book Back Questions in English Medium
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Question 1 Of 10
Document of title to the goods excludes
Lorry receipt
Railway receipt
Airway bill
Invoice
Question 2 Of 10
……………….. cannot be a bearer instrument.
Cheque
Promissory Note
Bills of exchange
None of the above
Question 3 Of 10
Which endorsement relieves the endorser from incurring liability in the event of dishonor
Restrictive
Facultative
Sans recourse
Conditional
Question 4 Of 10
Section 6 of the Negotiable Instruments Act 1881 deals with
Promissory Note
Bills of exchange
Cheque
None of the above
Question 5 Of 10
The transferee of a Negotiable Instrument is the one ……………………
Who transfer the instrument
On whose name it is transferred
Who enchases it
None of the above
Question 6 Of 10
Negotiable Instrument Act was passed in the year …………..
1981
1881
1994
1818
Question 7 Of 10
Negotiable Instrument is freely transferable by delivery if it is a ………….. instrument.
Order
Bearer
both a & b
None of the above
Question 8 Of 10
When crossing restrict further negotiation
Not negotiable crossing
General Crossing
A/c payee crossing
Special crossing
Question 9 Of 10
A cheque will become stale after …………. months of its date
3
4
5
1
Question 10 Of 10
The number of parties in a bill of exchange is
2
6
3
4
1
2
3
4
5
6
7
8
9
10
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