LLB 3 Years Optional Papers Group 2 Banking Laws And Negotiable Instruments Act 2021-22 Question Paper - Mumbai University | munotes

Questions asked in this paper

1. Q1 note is required to be signed by the
2. Q2 The amount payable in a negotiable instrument must be
   • a) certain b) conditional c) uncertain d) with interest
3. Q3 The term “negotiable” in a negotiable means
   • a) wet
4. Q4 A Promissory Note contains promise to pay
5. Q5 Acheque does not require :
6. Q6 The _ is called as acceptor when he accepts the bill
   • Q. Noting is not required for
   • a) promissory b) bill of exchange c) cheque d) foreign bill
   • q) get The drawee banker is liable to the for wrongful dishonour of
7. Q9 The holder in due course acquires the instrument
   • c) for consideration d) by theft
8. Q10 When no time for payment has been specified in the instrument, the instrument is payable
   • a) after a reasonable time b) on a public holiday
   • c) on demand d) to the bearer
9. Q11 A promissory note made payable to the is a nullity
10. Q12 Crossing provides more to the cheque,
11. Q13 Account payee crossing is also called as crossing, Every is presumed to be a holder in due course
    • a) ah The term of office of a member of a local board is years
12. Q16 The instrument must be presented for payment
    • a) onaholiday b) day
    • c) before maturity d) to the holder
13. Q17 can be dishonoured by non acceptance
    • a) promissory note b) bill of exchange
    • c) cheque d) promissory note payable at sight
14. Q18 The person who draws a cheque is called the
15. Q19 A banking company can not create charge on its The indorser excludes his liability in indorsement Banking and Negotiable Instrument Short Answer type Questions Define “Bill of Exchange”
16. Q2 Write the meaning and effect of “Blank Indorsement”
17. Q3 What is the mode of proof of entries in the Bankers’ Books?
18. Q4 Write any three businesses in which banking companies may engage
19. Q5 Explain the meaning of Negotiable Instruments What is “accommodation bill’? Whatis an “ambiguous instrument” ?
20. Q8 you mean by “instruments negotiable by statute” and “instruments negotiable by custom’?
21. Q9 What is “noting” ?
22. Q10 What is “Banking Policy” under the Banking Regulation Act ?

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