Q1: 1. What is the short title of the Negotiable Instruments Act 1881?

• A) A) The Banking Act
• B) B) The Negotiable Instruments Act
• C) C) The Legal Instruments Act
• D) D) The Financial Instruments Act

Q2: 2. Which legislation governs the negotiable instruments in India?

• A) A) Indian Contract Act
• B) B) Negotiable Instruments Act
• C) C) Indian Penal Code
• D) D) Companies Act

Q3: 3. In a real-life scenario, which Act would you refer to when dealing with promissory notes and bills of exchange?

• A) A) Indian Evidence Act
• B) B) Negotiable Instruments Act
• C) C) Income Tax Act
• D) D) Consumer Protection Act

Q4: 4. The Negotiable Instruments Act 1881 is applicable to which type of financial instruments?

• A) A) Non-negotiable instruments
• B) B) Negotiable instruments
• C) C) Digital instruments
• D) D) Cryptocurrency instruments

Q5: 5. Which Act provides legal framework for the usage and protection of negotiable instruments in India?

• A) A) Indian Stamp Act
• B) B) Negotiable Instruments Act
• C) C) Foreign Exchange Management Act
• D) D) Industrial Disputes Act

Q6: 6. In case of a dispute related to a promissory note, which Act would be invoked for resolution?

• A) A) Transfer of Property Act
• B) B) Negotiable Instruments Act
• C) C) Limitation Act
• D) D) Arbitration and Conciliation Act

Q7: 7. What is the primary purpose of the Negotiable Instruments Act 1881?

• A) A) Regulating insurance contracts
• B) B) Facilitating negotiability and transferability of certain instruments
• C) C) Enforcing tenancy agreements
• D) D) Governing intellectual property rights

Q8: 8. Which Act governs the liabilities and rights of parties involved in negotiable instruments?

• A) A) Companies Act
• B) B) Negotiable Instruments Act
• C) C) Competition Act
• D) D) Securities Contracts (Regulation) Act

Q9: 9. In a business transaction involving a cheque, which Act would establish the legal obligations of the parties?

• A) A) Sale of Goods Act
• B) B) Negotiable Instruments Act
• C) C) Partnership Act
• D) D) Industrial Relations Act

Q10: 10. Which Act defines the characteristics and essentials of negotiable instruments?

• A) A) Indian Trusts Act
• B) B) Negotiable Instruments Act
• C) C) Copyright Act
• D) D) Right to Information Act

Q11: 11. When a cheque is dishonored due to insufficient funds, under which Act can the payee seek legal recourse?

• A) A) Consumer Protection Act
• B) B) Negotiable Instruments Act
• C) C) Prevention of Money Laundering Act
• D) D) Essential Commodities Act

Q12: 12. A promissory note is governed by which legislation in India?

• A) A) Indian Evidence Act
• B) B) Negotiable Instruments Act
• C) C) Motor Vehicles Act
• D) D) Environment Protection Act

Q13: 13. What Act establishes the rules for the transfer and negotiation of bills of exchange?

• A) A) Companies Act
• B) B) Negotiable Instruments Act
• C) C) Foreign Contribution Regulation Act
• D) D) Juvenile Justice Act

Q14: 14. In a scenario where a cheque is lost or stolen, which Act provides guidelines for stopping its payment?

• A) A) Income Tax Act
• B) B) Negotiable Instruments Act
• C) C) Payment and Settlement Systems Act
• D) D) Food Safety and Standards Act

Q15: 15. Which Act regulates the promissory notes, bills of exchange, and cheques in India?

• A) A) Information Technology Act
• B) B) Negotiable Instruments Act
• C) C) Mines and Minerals Act
• D) D) Disaster Management Act

Q16: 16. The Negotiable Instruments Act 1881 was enacted to address the issues related to

• A) A) Property disputes
• B) B) Financial instruments
• C) C) Agricultural practices
• D) D) Labor relations

Q17: 17. Which Act sets out the obligations and rights of parties involved in negotiable instruments in India?

• A) A) Insolvency and Bankruptcy Code
• B) B) Negotiable Instruments Act
• C) C) Benami Transactions (Prohibition) Act
• D) D) Cable Television Networks Act

Q18: 18. In a business transaction involving a bill of exchange, which Act would determine the legal consequences of dishonor?

• A) A) Industrial Employment (Standing Orders) Act
• B) B) Negotiable Instruments Act
• C) C) Right to Fair Compensation and Transparency in Land Acquisition Act
• D) D) Air (Prevention and Control of Pollution) Act

Q19: 19. The Negotiable Instruments Act 1881 aims to provide legal certainty and uniformity in the regulation of

• A) A) Real estate transactions
• B) B) Negotiable instruments
• C) C) Intellectual property rights
• D) D) Maritime disputes

Q20: 20. Which Act governs the transfer of rights in negotiable instruments by mere delivery or endorsement?

• A) A) Competition Act
• B) B) Negotiable Instruments Act
• C) C) Ancient Monuments and Archaeological Sites Act
• D) D) Protection of Women from Domestic Violence Act

Q21: 21. When a cheque is dishonored for reasons like signature mismatch, which Act would be invoked for resolution?

• A) A) Maternity Benefit Act
• B) B) Negotiable Instruments Act
• C) C) Street Vendors (Protection of Livelihood and Regulation of Street Vending) Act
• D) D) Legal Metrology Act

Q22: 22. Which Act establishes the legal framework for the use of promissory notes as a form of negotiable instrument?

• A) A) Cinematograph Act
• B) B) Negotiable Instruments Act
• C) C) Protection of Human Rights Act
• D) D) Energy Conservation Act

Q23: 23. In a situation where a promissory note is dishonored, which Act provides remedies for the payee?

• A) A) National Food Security Act
• B) B) Negotiable Instruments Act
• C) C) Plant Varieties Protection Act
• D) D) Prevention of Corruption Act

Q24: 24. The Negotiable Instruments Act 1881 is essential for regulating the usage and transfer of

• A) A) Land titles
• B) B) Negotiable instruments
• C) C) Mining rights
• D) D) Trademarks

Q25: 25. Which Act governs the liabilities of parties involved in the negotiation of bills of exchange in India?

• A) A) Motor Vehicles Act
• B) B) Negotiable Instruments Act
• C) C) Protection of Children from Sexual Offenses Act
• D) D) Atomic Energy Act