Mumbai University Solved Question Papers
Law of Banking and Negotiable Instruments
Previous Year Question Paper with Solution
BLS LLB 5 Years · Sem 10
2021-22 Examination
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BLS LLB 5 Years Sem 10 Law of Banking and Negotiable Instruments 2021-22 Question Paper with Solutions
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First published on munotes.in on 24 October 2026.
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Model answers written and edited by the munotes.in editorial desk.
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The question paper reproduced here is the paper as set by the University of Mumbai at the 2021-22 examination.
Contents
The questions below are the paper as the University of Mumbai set it at the 2021-22 examination, in the order it was set.
MarksPage
MarksPage
MarksPage
The Paper as Set
The questions in this volume are the questions asked at the 2021-22 examination, reproduced as the University of Mumbai set them, in the order it set them. Nothing has been reworded, added or left out. Only the answers are ours. See the original question paper.
30 questions answered
How to use this volume
Solve the paper first, under exam conditions and against the clock. Then read the answers here and mark your own. Reading a solution before attempting the question feels productive and teaches very little, because recognising an answer is not the same as being able to write one.
MCQ
Multiple choice questions
1A promissory note is required to be signed by the ______. (a) drawer (b) drawee (c) holder (d) maker
Answer
The answer is (d), the maker.
Section 4 of the Negotiable Instruments Act, 1881 defines a promissory note as an instrument in writing "containing an unconditional undertaking, signed by the maker, to pay a certain sum of money". The person who makes the promise and signs it is the maker.
Why the others are wrong. A drawer and a drawee belong to a bill of exchange or a cheque (section 7). The drawer gives the order, and the drawee is told to pay. A note has no drawee, because the maker promises to pay himself. The holder is the person entitled to possess the note and recover on it (section 8). He does not sign it as maker.
Why the signature matters. Without the maker's signature there is no undertaking that anyone can enforce. The signature may be by his mark or by an authorised agent.
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