Site navigation

Parties, liability, negotiation & endorsement MCQs with Answers

Try the topic preview and open any solution for a worked explanation.

Question 1

A promissory note, bill of exchange or cheque payable by order is negotiable by the holder by:

Select one answer

Question 2

If a minor draws, indorses, delivers or negotiates an instrument, such instrument binds

Select one answer

Question 3

As per the provisions of section 26 of the Negotiable Instruments Act:

Select one answer

Question 4

What is the term used to describe an endorsement in which the endorser excludes his own liability on the negotiable instrument in case of dishonour of the instrument?

Select one answer

Question 5

Under section 31 of the Negotiable Instruments Act, 1881 the liability of drawee shall be towards:

Select one answer

Question 6

Under the Negotiable Instruments Act, 1881, holder's right to duplicate of lost bill is provided in:

Select one answer

Question 7

'Negotiation by indorsement' has been explained under the Negotiable Instruments Act, 1881 in

Select one answer

Question 8

The term 'Legal Representative' in Section 29 of the Negotiable Instruments Act, 1881

Select one answer

Question 9

Under the Negotiable Instruments Act, 1881, provision relating to endorsement for part of sum due is:

Select one answer

Question 10

Point out which one of the following statements is not correct regarding 'assignment' and 'negotiation' of instrument.

Select one answer

Practise for these exams

  • Chhattisgarh Judicial Services

  • Bihar Judicial Services

  • Bihar Prosecution Officer (BPSC)