A bill is drawn payable to 'A' or order. 'A' indorses it to 'B', the indorsement not containing the words '"or order" or any equivalent words. Can 'B' negotiate the instrument? A. Yes B. No C. Not always D. None of the above.

A bill is drawn payable to 'A' or order. 'A' indorses it to 'B', the indorsement not containing the words '"or order" or any equivalent words. Can 'B' negotiate the instrument?
A. Yes
B. No
C. Not always
D. None of the above.
by

1 Answer

Answer :

A. Yes
by

Related questions

Can the holder of a negotiable instrument indorsed in blank convert the indorsement into an indorsement in full? A. No, such a conversion is not possible under the Negotiable Instruments Act, 1881 (Section 49) B. Yes, the holder can, without signing his own name, and by writing above the indorser's signature a direction to pay to any other person as indorsee, convert the indorsement in blank into an indorsement in full (Section 49) C. Yes, the holder can by signing his own name and by writing above the indorser's signature a direction to pay to any other person as indorsee, convert the indorsement in blank to an indorsement in full (Section 49) D. None of the above.

Description : Can the holder of a negotiable instrument indorsed in blank convert the indorsement into an indorsement in full? A. No, such a conversion is not possible under the Negotiable Instruments Act, 1881 (Section ... the indorsement in blank to an indorsement in full (Section 49) D. None of the above.

Last Answer : C. Yes, the holder can by signing his own name and by writing above the indorser's signature a direction to pay to any other person as indorsee, convert the indorsement in blank to an indorsement in full (Section 49)

Under section 16 of the Negotiable Instrument Act, 'indorsement in blank' of an instrument means A. Where the indorser does not write anything on the instrument B. Where the indorser signs his name only on the instrument C. Where the indorser writes the name of the person who is directed to pay D. None of the above.

Description : Under section 16 of the Negotiable Instrument Act, 'indorsement in blank' of an instrument means A. Where the indorser does not write anything on the instrument B. Where the indorser signs his name only on ... the indorser writes the name of the person who is directed to pay D. None of the above.

Last Answer : A. Where the indorser does not write anything on the instrument

Presentment of an acceptance is required in case of A. Every Bill of exchange B. Every Bill of exchange payable after sight C. Every promissory note D. Every cheque

Description : Presentment of an acceptance is required in case of A. Every Bill of exchange B. Every Bill of exchange payable after sight C. Every promissory note D. Every cheque

Last Answer : C. Every promissory note

A promissory note or bill of exchange which is not expressed to be payable on demand, at sight or on presentment is at maturity A. On the 30th day after the day on which it is expressed to be payable B. On the 3rd day after the day on which it is expressed to be payable C. On the 5th day after the day on which it is expressed to be payable D. On the 4th day after the day on which it is expressed to be payable.

Description : A promissory note or bill of exchange which is not expressed to be payable on demand, at sight or on presentment is at maturity A. On the 30th day after the day on which it is expressed to be ... expressed to be payable D. On the 4th day after the day on which it is expressed to be payable.

Last Answer : D. On the 4th day after the day on which it is expressed to be payable.

To whom of the following, payment of the amount due on a promissory note, bill of exchange or cheque must be made in order to discharge the maker or acceptor A. Holder of the instrument B. Indorser of the instrument C. Indorsee of the instrument D. None of the above.

Description : To whom of the following, payment of the amount due on a promissory note, bill of exchange or cheque must be made in order to discharge the maker or acceptor A. Holder of the instrument B. Indorser of the instrument C. Indorsee of the instrument D. None of the above.

Last Answer : A. Holder of the instrument

If an instrument may be construed either as a promissory note or bill of exchange, it is A. A valid instrument B. An ambiguous instrument C. A returnable instrument D. None of the above.

Description : If an instrument may be construed either as a promissory note or bill of exchange, it is A. A valid instrument B. An ambiguous instrument C. A returnable instrument D. None of the above.

Last Answer : A valid instrument

The term 'negotiation' in section 14 of the Negotiable Instruments Act, 1881 refers to A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder thereof B. The payment by a bank on a negotiable instrument after due verification of the instrument C. The bargaining between the parties to a negotiable instrument D. All of the above.

Description : The term 'negotiation' in section 14 of the Negotiable Instruments Act, 1881 refers to A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the ... the instrument C. The bargaining between the parties to a negotiable instrument D. All of the above

Last Answer : A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder thereof

Debtors Turnover ratio is also known as (i) Receivables turnover ratio (ii) Debtors velocity (iii) Stock velocity (iv) Payable turnover ratio A. (i) and (ii) B. (i) and (iii) C. (ii) and (iii) D. (iii) and (iv)

Description : Debtors Turnover ratio is also known as (i) Receivables turnover ratio (ii) Debtors velocity (iii) Stock velocity (iv) Payable turnover ratio A. (i) and (ii) B. (i) and (iii) C. (ii) and (iii) D. (iii) and (iv)

Last Answer : A. (i) and (ii)

In a promissory note, the amount of money payable A. Must be certain B. May be certain or uncertain C. Is usually uncertain D. None of the above.

Description : In a promissory note, the amount of money payable A. Must be certain B. May be certain or uncertain C. Is usually uncertain D. None of the above.

Last Answer : A. Must be certain

If in an instrument the amount undertaken or ordered to be paid is stated differently in figures and in words A. The instrument is void due to uncertainty B. The amount stated in figure shall be the amount undertaken or ordered to be paid C. The amount stated in words shall be the amount undertaken or ordered to be paid D. None of the above.

Description : If in an instrument the amount undertaken or ordered to be paid is stated differently in figures and in words A. The instrument is void due to uncertainty B. The amount stated in figure shall be ... amount stated in words shall be the amount undertaken or ordered to be paid D. None of the above.

Last Answer : A. The instrument is void due to uncertainty

Bending stress in graduated length leaves are more than that in full length leaves. (a) Yes (b) No (c) In some cases (d) Can’t be stated

Description : Bending stress in graduated length leaves are more than that in full length leaves. (a) Yes (b) No (c) In some cases (d) Can’t be stated

Last Answer : (b) No

Does the WTO apply its framework in exactly the same fashion throughout the world? A. Yes, the WTO applies its framework in exactly the same way throughout the world B. Yes, the WTO applies its framework in exactly the same way around the world, unless it deals with trade blocks C. No, the WTO makes allowance for regional variation D. No, the WTO makes allowance for variation in the case of economically stronger countries

Description : Does the WTO apply its framework in exactly the same fashion throughout the world? A. Yes, the WTO applies its framework in exactly the same way throughout the world B. Yes, the WTO ... variation D. No, the WTO makes allowance for variation in the case of economically stronger countries

Last Answer : C. No, the WTO makes allowance for regional variation

Does the WTO come with its own institutional framework? A. No, the WTO depends on the relevant frameworks of national governments B. No, the WTO provides certain institutional arrangements but only on an ad hoc basis C. Yes, the WTO provides a certain institutional framework which changes depending on the nature of free trade agreements D. Yes, the WTO provides a common institutional framework for the implementation of free trade agreements

Description : Does the WTO come with its own institutional framework? A. No, the WTO depends on the relevant frameworks of national governments B. No, the WTO provides certain institutional arrangements ... Yes, the WTO provides a common institutional framework for the implementation of free trade agreements

Last Answer : D. Yes, the WTO provides a common institutional framework for the implementation of free trade agreements

XYZ company conducted an AGM on 1st September 2007. On that day due to fire accident in the hall. All shareholders died. Will the company be in existence? A. Yes B. No

Description : XYZ company conducted an AGM on 1st September 2007. On that day due to fire accident in the hall. All shareholders died. Will the company be in existence? A. Yes B. No

Last Answer : A. Yes

A bill of exchange contains a/an A. Unconditional undertaking B. Unconditional order C. Conditional undertaking D. Conditional order.

Description : A bill of exchange contains a/an A. Unconditional undertaking B. Unconditional order C. Conditional undertaking D. Conditional order.

Last Answer : A. Unconditional undertaking

“Three gods, A, B, and C, are called, in some order, True, False, and Random. True always speaks truly, False always speaks falsely, but whether Random speaks truly or falsely is completely random. You must determine the identities of A, B, and C by asking three yes-or-no questions, and each question must be posed to exactly one god. The gods understand English but will answer all questions in their own language. In their unknown language, the words for “yes” and “no” are “da” and “ja,” in some order. You do not know which word means which.” -Riddles

Description : Three gods, A, B, and C, are called, in some order, True, False, and Random. True always speaks truly, False always speaks falsely, but whether Random speaks truly or falsely is completely random. You must ... are da and ja, in some order. You do not know which word means which. -Riddles

Last Answer : We're willing to bet that your brain feels pretty busted at this point. If you're ready to throw in the towel and hear the solution, we won't tell! Here are the three questions you ... start sorting out the solution with this 2008 paper, which claims to have the easiest answer to the brainteaser.

Three gods, A, B, and C, are called, in some order, True, False, and Random. True always speaks truly, False always speaks falsely, but whether Random speaks truly or falsely is completely random. You must determine the identities of A, B, and C by asking three yes-or-no questions, and each question must be posed to exactly one god. The gods understand English, but will answer all questions in their own language. In their unknown language, the words for 'yes' and 'no' are 'da' and 'ja', in some order. You do not know which word means which. So, which questions would you ask to identify each god? And no, it’s not a trick question. As a matter of fact, there are multiple ways to get the correct answer. -Riddles

Description : Three gods, A, B, and C, are called, in some order, True, False, and Random. True always speaks truly, False always speaks falsely, but whether Random speaks truly or falsely is completely random. ... a trick question. As a matter of fact, there are multiple ways to get the correct answer. -Riddles

Last Answer : 1. To god A: Does da' mean yes' if and only if you are True and if and only if B is Random? (We supposed A said, ja, making B True or False). 2. To god B: Does da mean yes' if and ... only if A is Random? Since B's True, he must say da, which means A is Random, leaving C to be False.

Will you negotiate a cash payment for your next medical bill? .

Description : Will you negotiate a cash payment for your next medical bill? .

Last Answer : public insurance here.

For the purpose of attracting the provisions of section 138 of the Negotiable Instruments Act, 1881, a cheque has to be presented to the bank A. Within a period of six months B. Within a period of six months from the date on which it is drawn or within the period of its validity, whichever is earlier C. Within a period of 15 days from the date on which it is drawn D. None of the above.

Description : For the purpose of attracting the provisions of section 138 of the Negotiable Instruments Act, 1881, a cheque has to be presented to the bank A. Within a period of six months B. Within a period of six ... . Within a period of 15 days from the date on which it is drawn D. None of the above.

Last Answer : B. Within a period of six months from the date on which it is drawn or within the period of its validity, whichever is earlier

Which of the following is not true of a letter of credit? A. it is a document B. issued by a bank C. at the request of the exporter D. the bank agrees to honor a draft drawn on the importer E. payable in the designated currency

Description : Which of the following is not true of a letter of credit? A. it is a document B. issued by a bank C. at the request of the exporter D. the bank agrees to honor a draft drawn on the importer E. payable in the designated currency

Last Answer : C. at the request of the exporter

A minor cannot be a______________ of the instrument A. Drawer B. Drawee C. Payee D. Acceptor

Description : A minor cannot be a______________ of the instrument A. Drawer B. Drawee C. Payee D. Acceptor

Last Answer : C. Payee

Notice of dishonour must be given A. To the drawer and drawee only B. To the drawer, acceptor and endorser(s) only C. To all the parties liable on the instrument or to their duly authorized agent D. To all the parties who are secondarily liable on the instrument or to their duly authorized agent

Description : Notice of dishonour must be given A. To the drawer and drawee only B. To the drawer, acceptor and endorser(s) only C. To all the parties liable on the instrument or to their duly ... agent D. To all the parties who are secondarily liable on the instrument or to their duly authorized agent

Last Answer : D. To all the parties who are secondarily liable on the instrument or to their duly authorized agent

The indorser is excluded from his liability for dishonour of instrument towards his subsequent holder in case of A. Sans Recourse Endorsement B. Facultative Endorsement C. Sans Frais Endorsement D. None of the above.

Description : The indorser is excluded from his liability for dishonour of instrument towards his subsequent holder in case of A. Sans Recourse Endorsement B. Facultative Endorsement C. Sans Frais Endorsement D. None of the above.

Last Answer : B. Facultative Endorsement

In determining reasonable time for the purpose of payment of a negotiable instrument A. Public holidays are included B. Public holidays are excluded C. Only the holidays observed by the banks are excluded D. None of the above.

Description : In determining reasonable time for the purpose of payment of a negotiable instrument A. Public holidays are included B. Public holidays are excluded C. Only the holidays observed by the banks are excluded D. None of the above.

Last Answer : B. Public holidays are excluded

'At sight' under section 21 of the Negotiable Instrument Act, 1881, means A. On presentation B. On demand C. On coming into vision D. None of the above.

Description : 'At sight' under section 21 of the Negotiable Instrument Act, 1881, means A. On presentation B. On demand C. On coming into vision D. None of the above.

Last Answer : A. On presentation

In case of insolvency of a drawee, a bill should be presented for acceptance to the A. Official receiver B. Acceptor for honour C. Drawee incase of need

Description : In case of insolvency of a drawee, a bill should be presented for acceptance to the A. Official receiver B. Acceptor for honour C. Drawee incase of need

Last Answer : A. Official receiver

Acceptor for honour can be a party to A. A cheque B. A bill of exchange C. A promissory note D. A hundi

Description : Acceptor for honour can be a party to A. A cheque B. A bill of exchange C. A promissory note D. A hundi

Last Answer : B. A bill of exchange

Cheque is a A. Promissory note B. Bill of exchange C. Both (a) and (b) above D. None of the above.

Description : Cheque is a A. Promissory note B. Bill of exchange C. Both (a) and (b) above D. None of the above.

Last Answer : D. None of the above.

How is stamp duty paid in transactions where more than one instrument is required? a) Stamp Duty is paid on all the instruments equally b) Stamp Duty is paid on any one of the instrument c) Stamp duty is paid only on one of the principal instruments and on the balance documents only minimum duty is payable d) Stamp duty is paid on ad valorem basis

Description : How is stamp duty paid in transactions where more than one instrument is required? a) Stamp Duty is paid on all the instruments equally b) Stamp Duty is paid on any one of the instrument c) Stamp ... and on the balance documents only minimum duty is payable d) Stamp duty is paid on ad valorem basis

Last Answer : c) Stamp duty is paid only on one of the principal instruments and on the balance documents only minimum duty is payable

A object for trace a bag or value payable or insured article mail during its course from the office of dispatch to the office of final destination is a a) Complaint b) Search Bill c) Delivery note d) None of these

Description : A object for trace a bag or value payable or insured article mail during its course from the office of dispatch to the office of final destination is a a) Complaint b) Search Bill c) Delivery note d) None of these

Last Answer : b) Search Bill

If the words "not negotiable" are used with special crossing in a cheque, the cheque is A. Not transferable B. Transferable C. Negotiable under certain circumstances D. None of the above

Description : If the words "not negotiable" are used with special crossing in a cheque, the cheque is A. Not transferable B. Transferable C. Negotiable under certain circumstances D. None of the above

Last Answer : B. Transferable

When a cheque bears across its face an addition of the name of a banker, either with or without the words not negotiable, the cheque is considered to have been crossed A. Specially B. Generally C. Normally D. Either a or b or c

Description : When a cheque bears across its face an addition of the name of a banker, either with or without the words not negotiable, the cheque is considered to have been crossed A. Specially B. Generally C. Normally D. Either a or b or c

Last Answer : A. Specially

According section 5(2) subject to provision of any law for the time being in force a contract of sale may be A. Made in writing B. By words of mouth C. Partly in writing or partly in words of mouth D. All above ways

Description : According section 5(2) subject to provision of any law for the time being in force a contract of sale may be A. Made in writing B. By words of mouth C. Partly in writing or partly in words of mouth D. All above ways

Last Answer : A. Made in writing

Express contract means a contract made by A. words either spoken or written. B. documents. C. both words and documents. D. all of the above.

Description : Express contract means a contract made by A. words either spoken or written. B. documents. C. both words and documents. D. all of the above.

Last Answer : D. all of the above.

.Which of the following statements are true about labour idle time? A. Labour idle time variance is not caused by non-availability of raw material B. Labour idle time variance is measured as : Abnormal idle hours * Actual hourly rate C. Labour idle time variance is always unfavorable or adverse D. All of the above

Description : .Which of the following statements are true about labour idle time? A. Labour idle time variance is not caused by non-availability of raw material B. Labour idle time variance is measured as : Abnormal ... hourly rate C. Labour idle time variance is always unfavorable or adverse D. All of the above

Last Answer : C. Labour idle time variance is always unfavorable or adverse

Intermediaries sponsor their own brands because ________. A. private-label brands sell at higher volumes B. private-label brands are recognizable to the consumer as being widely available from many different retailers C. private-label brands are always of better quality than national brands D. private-label brands can be sold at lower prices yet generate a higher profit margin because of their lower cost structure

Description : Intermediaries sponsor their own brands because ________. A. private-label brands sell at higher volumes B. private-label brands are recognizable to the consumer as being widely available from many ... sold at lower prices yet generate a higher profit margin because of their lower cost structure

Last Answer : D. private-label brands can be sold at lower prices yet generate a higher profit margin because of their lower cost structure

Claims to honoraria granted to officials of the department should be drawn in the pay bill form No-------------- a. Form ACG 7 b. form ACG 67 c. ACG No 20

Description : Claims to honoraria granted to officials of the department should be drawn in the pay bill form No-------------- a. Form ACG 7 b. form ACG 67 c. ACG No 20

Last Answer : c. ACG No 20

Two balls are drawn at random from a bag containing 3 white, 3 red, 4 green and 4 black balls, one by one without replacement. -Maths 9th

Description : Two balls are drawn at random from a bag containing 3 white, 3 red, 4 green and 4 black balls, one by one without replacement. -Maths 9th

Last Answer : Given, 3 white (3 W), 3 red (3 R), 4 green (4 G), 4 black (4 B) balls Total no. of balls = 3 + 3 + 4 + 4 = 14 Two balls are to be drawn, one by one without replacement. There are 4 possibilities.First BallSecond ... }{13}\) = \(rac{33+33+40+40}{14 imes13}\) = \(rac{146}{182}\) = \(rac{73}{91}.\)

From a vessel containing 100 litres of ****,10 litres are drawn out and an equal amount of water is added. From the mixture,10 litres is again drawn out and same quantity of water is added. What is the final ratio of **** and water? a) 91 : 9 b) 81 : 19 c) 80 : 20 d) 90 : 10 e) None of these

Description : From a vessel containing 100 litres of wine,10 litres are drawn out and an equal amount of water is added. From the mixture,10 litres is again drawn out and same quantity of water is added. What is the final ratio of wine and water? a) 91 : 9 b) 81 : 19 c) 80 : 20 d) 90 : 10 e) None of these

Last Answer : Quantity of wine after two replacements = 100 l × (90/100)2 =81 l Required ratio = 81 : ( 100 – 81 )= 81 : 19 Answer: b)

From a cask of milk containing 45 litres, 9 litres are drawn out and the cask is filled up with water.If the same process is repeated a second, then a third time, what will be the number of litres of milk left in the cask? a) 31.2 b) 20.9 c) 23.04 d) 12.39 e) 15.36

Description :  From a cask of milk containing 45 litres, 9 litres are drawn out and the cask is filled up with water.If the same process is repeated a second, then a third time, what will be the number of litres of milk left in the cask? a) 31.2 b) 20.9 c) 23.04 d) 12.39 e) 15.36

Last Answer : C where x is the initial quantity of milk in the cask y is the quantity of milk withdrawn in each process and n is the number of processes. Initial quantity:45 Withdrawn quantity=9 number of times repeated=3 ... ] Quantity of milk left after the 3rd operation =45*(45-9)/45)^3 = 23.04 litres.

A kind of impersonation in order to get access to other computers is__________ A. Hacking B. Spam C. Phishing D. Spoofing

Description : A kind of impersonation in order to get access to other computers is__________ A. Hacking B. Spam C. Phishing D. Spoofing

Last Answer : D. Spoofing

Strategic planning in service organizations is all about: A. Where the organization is heading B. Where the organization should be heading. C. How the organization needs to change in order to be more effective D. What the organization intends to accomplish for the community

Description : Strategic planning in service organizations is all about: A. Where the organization is heading B. Where the organization should be heading. C. How the organization needs to change in order to be more effective D. What the organization intends to accomplish for the community

Last Answer : C. How the organization needs to change in order to be more effective D. What the organization intends to accomplish for the community

Reorder point tells A. When to order B. How much to order C. When the order will reach D. All of the above

Description : Reorder point tells A. When to order B. How much to order C. When the order will reach D. All of the above

Last Answer : A. When to order

The application fee may be accepted in shape of____ payable to a) Cash/Account officer of the public authority b) DD/Cheque / Account officer of the public authority c) Indian Postal Order / Account officer of the public authority d) Any one of the above

Description : The application fee may be accepted in shape of____ payable to a) Cash/Account officer of the public authority b) DD/Cheque / Account officer of the public authority c) Indian Postal Order / Account officer of the public authority d) Any one of the above

Last Answer : d) Any one of the above

MO payable to lunatics who are committed by proceedings under the lunacy act to lunatic asylum/mental hospital will be paid to a) The manager of institution b) The authority who has issued the order under lunacy act c) The near relatives of the lunatic d) Will not be paid but returned to sender

Description : MO payable to lunatics who are committed by proceedings under the lunacy act to lunatic asylum/mental hospital will be paid to a) The manager of institution b) The authority who has issued the order under lunacy act c) The near relatives of the lunatic d) Will not be paid but returned to sender

Last Answer : d) Will not be paid but returned to sender

If a money order payable to a person whose identity is not known to the PO is received a) It cannot be paid at window b) It should be paid on proper identification b a person known to the PO c) Should be returned to the sender d) Can be redirected/dispersed as per written instruction of the person

Description : If a money order payable to a person whose identity is not known to the PO is received a) It cannot be paid at window b) It should be paid on proper identification b a person known to the PO c) Should be returned to the sender d) Can be redirected/dispersed as per written instruction of the person

Last Answer : b) It should be paid on proper identification b a person known to the PO

A money order returned from a foreign country of payment as not payable a) The sender will paid the value of the money order as actually paid in Indian currency at the time of issue without the commission originally collected. b) The sender will be paid the value of the MO+ commission. c) The sender will be paid half the value of the MO without the MO commission d) The sender will be paid the value of the MO and half commission

Description : A money order returned from a foreign country of payment as not payable a) The sender will paid the value of the money order as actually paid in Indian currency at the time of issue without the ... MO without the MO commission d) The sender will be paid the value of the MO and half commission

Last Answer : a) The sender will paid the value of the money order as actually paid in Indian currency at the time of issue without the commission originally collected

Money order payable to a person who is not permanent resident within the jurisdiction of office of payment a) Will not be paid b) Payment will be made only through cheques c) Payment will be made only by the postmaster d) Can be paid in the normal course on satisfactory proof of identity of the person in the MO

Description : Money order payable to a person who is not permanent resident within the jurisdiction of office of payment a) Will not be paid b) Payment will be made only through cheques c) Payment will be made only ... d) Can be paid in the normal course on satisfactory proof of identity of the person in the MO

Last Answer : d) Can be paid in the normal course on satisfactory proof of identity of the person in the MO

Which of the following is not a condition for drafts to be negotiable? A. must be in writing, signed by the drawer B. must contain a promise to pay a certain sum if goods are received C. must contain an order to pay D. must be payable on sight or at a specified date E. must be made out to order or bearer

Description : Which of the following is not a condition for drafts to be negotiable? A. must be in writing, signed by the drawer B. must contain a promise to pay a certain sum if goods are received C. must contain an ... D. must be payable on sight or at a specified date E. must be made out to order or bearer

Last Answer : B. must contain a promise to pay a certain sum if goods are received

Current liabilities a. are obligations that the company is to pay within the forthcoming year. b. are listed in the balance sheet in order of their expected maturity. c. are listed in the balance sheet, starting with accounts payable. d. should not include long-term debt that is expected to be paid within the next year.

Description : Current liabilities a. are obligations that the company is to pay within the forthcoming year. b. are listed in the balance sheet in order of their expected maturity. c. are listed in the balance sheet, ... . d. should not include long-term debt that is expected to be paid within the next year.

Last Answer : a. are obligations that the company is to pay within the forthcoming year. b. are listed in the balance sheet in order of their expected maturity.