Q1: 1. In the Negotiable Instruments Act 1881, if a bill is payable 60 days after date, what is the exact maturity date?

• A) A) 30th day after date
• B) B) 60th day after date
• C) C) 61st day after date
• D) D) 90th day after date

Q2: 2. If a promissory note is payable 3 months after sight, and the sight is on 15th May, when is the maturity date?

• A) A) 15th August
• B) B) 15th September
• C) C) 15th October
• D) D) 15th November

Q3: 3. A bill is dated 25th January and is payable 45 days after date. What is the due date for payment?

• A) A) 10th March
• B) B) 9th March
• C) C) 10th February
• D) D) 11th March

Q4: 4. If a promissory note is dated 1st June and is payable 90 days after date, when will it mature?

• A) A) 1st September
• B) B) 30th August
• C) C) 29th August
• D) D) 31st August

Q5: 5. A bill is drawn on 1st July and is payable 2 months after date. When will it be due for payment?

• A) A) 1st September
• B) B) 31st August
• C) C) 30th August
• D) D) 2nd September

Q6: 6. If a promissory note is payable 120 days after sight and the date of sight is 15th April, when will the note mature?

• A) A) 15th August
• B) B) 13th August
• C) C) 14th August
• D) D) 12th August

Q7: 7. A bill is payable 75 days after date and is dated 10th May. What is the maturity date?

• A) A) 24th July
• B) B) 24th August
• C) C) 23rd July
• D) D) 25th July

Q8: 8. If a promissory note is payable 4 months after sight and the date of sight is 20th February, when will the note mature?

• A) A) 20th June
• B) B) 19th June
• C) C) 21st June
• D) D) 22nd June

Q9: 9. A bill is drawn on 5th March and is payable 60 days after date. What is the due date for payment?

• A) A) 4th May
• B) B) 3rd May
• C) C) 5th May
• D) D) 6th May

Q10: 10. If a promissory note is dated 15th July and is payable 180 days after date, when will it mature?

• A) A) 11th January
• B) B) 11th December
• C) C) 10th January
• D) D) 12th January