Q1: 1. In the context of Section 94 of the Negotiable Instruments Act 1881, which of the following is NOT a valid mode of giving notice of dishonour?

• A) A) Registered post
• B) B) WhatsApp message
• C) C) Courier
• D) D) Personal delivery

Q2: 2. If a promissory note is dishonoured, under Section 94 of the NI Act 1881, the holder is required to give notice of dishonour to which of the following parties?

• A) A) Maker and Endorser
• B) B) Drawee and Payee
• C) C) Endorser and Drawer
• D) D) Drawee and Endorser

Q3: 3. What is the prescribed time limit for giving notice of dishonour under Section 94 of the NI Act 1881?

• A) A) Within 24 hours of dishonour
• B) B) Within 48 hours of dishonour
• C) C) Within 72 hours of dishonour
• D) D) Within 96 hours of dishonour

Q4: 4. If notice of dishonour is sent through registered post under Section 94 of the NI Act 1881, when is it considered to be given?

• A) A) On the date of posting
• B) B) On the date of delivery
• C) C) Two days after posting
• D) D) Two days after delivery

Q5: 5. Which of the following is a valid mode of giving notice of dishonour under Section 94 of the NI Act 1881?

• A) A) Email
• B) B) Social media message
• C) C) Telegram
• D) D) Phone call

Q6: 6. In case of a cheque being dishonoured, who is responsible for giving notice of dishonour under Section 94 of the NI Act 1881?

• A) A) Drawer
• B) B) Payee
• C) C) Endorser
• D) D) Drawee

Q7: 7. If the notice of dishonour is sent through courier under Section 94 of the NI Act 1881, when is it deemed to be served?

• A) A) On the date of dispatch
• B) B) On the date of receipt
• C) C) Two days after dispatch
• D) D) Two days after receipt

Q8: 8. Which of the following is NOT a requirement for a valid notice of dishonour under Section 94 of the NI Act 1881?

• A) A) Specific reason for dishonour
• B) B) Signature of the sender
• C) C) Name of the dishonoured party
• D) D) Date of the instrument

Q9: 9. Under Section 94 of the NI Act 1881, what happens if the notice of dishonour is not given?

• A) A) The instrument becomes void
• B) B) The drawer is discharged from liability
• C) C) The payee cannot recover the amount
• D) D) The endorser becomes liable

Q10: 10. Which of the following is a valid method of giving notice of dishonour under Section 94 of the NI Act 1881?

• A) A) Text message
• B) B) Fax
• C) C) Personal visit
• D) D) Carrier pigeon

Q11: 11. If notice of dishonour is sent through email under Section 94 of the NI Act 1881, when is it considered to be given?

• A) A) Upon opening the email
• B) B) Upon sending the email
• C) C) Upon acknowledgement of receipt
• D) D) Upon printing the email

Q12: 12. Who is entitled to receive notice of dishonour in case of a dishonoured promissory note under Section 94 of the NI Act 1881?

• A) A) Payee
• B) B) Drawer
• C) C) Endorser
• D) D) Payee and Endorser

Q13: 13. In the case of a dishonoured bill of exchange, who is obligated to give notice of dishonour under Section 94 of the NI Act 1881?

• A) A) Drawer
• B) B) Drawee
• C) C) Endorser
• D) D) Payee

Q14: 14. Which of the following is NOT a required element of a valid notice of dishonour under Section 94 of the NI Act 1881?

• A) A) Name of the drawer
• B) B) Date of dishonour
• C) C) Mode of dishonour
• D) D) Reason for dishonour

Q15: 15. If notice of dishonour is sent through SMS under Section 94 of the NI Act 1881, when is it considered to be given?

• A) A) Upon sending the SMS
• B) B) Upon delivery of the SMS
• C) C) Upon reading the SMS
• D) D) Upon reply to the SMS

Q16: 16. What is the consequence if the notice of dishonour is not given within the prescribed time limit under Section 94 of the NI Act 1881?

• A) A) The instrument becomes void
• B) B) The holder loses the right to claim from the drawer
• C) C) The endorser becomes liable
• D) D) The bank is responsible for the payment

Q17: 17. When sending notice of dishonour through a messenger under Section 94 of the NI Act 1881, when is it deemed to be served?

• A) A) Upon dispatch by the messenger
• B) B) Upon receipt by the addressee
• C) C) Two days after dispatch
• D) D) Two days after receipt

Q18: 18. Which of the following is a valid mode of giving notice of dishonour under Section 94 of the NI Act 1881?

• A) A) Public announcement
• B) B) Carrier pigeon
• C) C) Smoke signal
• D) D) Telephone call

Q19: 19. If the notice of dishonour is addressed to the drawer but sent to the wrong address under Section 94 of the NI Act 1881, what is the legal implication?

• A) A) The notice is considered invalid
• B) B) The drawer is deemed to have received notice
• C) C) The payee is responsible for the error
• D) D) The bank is notified in such cases

Q20: 20. In the event of multiple endorsers on a dishonoured bill of exchange, who is responsible for giving notice of dishonour under Section 94 of the NI Act 1881?

• A) A) Last endorser
• B) B) First endorser
• C) C) Second endorser
• D) D) Payee

Q21: 21. If notice of dishonour is sent through a legal representative under Section 94 of the NI Act 1881, when is it considered served?

• A) A) Upon handing over to the representative
• B) B) Upon receipt by the addressee
• C) C) Two days after handover
• D) D) Two days after receipt

Q22: 22. Which of the following is NOT a valid method of serving notice of dishonour under Section 94 of the NI Act 1881?

• A) A) Personal delivery
• B) B) Publication in a newspaper
• C) C) Registered post
• D) D) Email

Q23: 23. If the notice of dishonour is sent by a friend of the holder under Section 94 of the NI Act 1881, is it considered valid?

• A) A) Yes, as long as the friend is reliable
• B) B) No, only the holder can give notice
• C) C) Yes, if the friend has the authority
• D) D) No, it must be sent by the holder

Q24: 24. What happens if the notice of dishonour is sent to the correct address but received by a third party under Section 94 of the NI Act 1881?

• A) A) The notice is considered valid
• B) B) The third party is responsible for delivering it
• C) C) The sender must resend the notice
• D) D) The drawer is not deemed to have received notice

Q25: 25. If the notice of dishonour is sent through a notary public under Section 94 of the NI Act 1881, when is it considered served?

• A) A) Upon notarization
• B) B) Upon dispatch by the notary
• C) C) Upon receipt by the addressee
• D) D) Upon acknowledgement by the notary