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.

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.
by

1 Answer

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
by

Related questions

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.

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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

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)

The section 4 of the Negotiable Instruments Act, 1881 deals with ________ A. Cheque B. Bills of Exchange C. Promissory Note D. All of the Above E. None of the Above

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Last Answer : C. Promissory Note Explanation: The section 4 of the Negotiable Instruments Act, 1881 deals with Promissory Note.

The Negotiable Instruments Act, 1881 came into force on A. 9th December 1881 B. 19th December 1881 C. 1st March 1882 D. none of the above.

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Last Answer : A. 9th December 1881

The Negotiable Instruments Act, 1881 applies to A. The whole of India B. The whole of India except the State of Jammu and Kashmir C. Those states as notified by the Union Government from time to time in the Official Gazette D. The whole of India except the State of Jammu and Kashmir and the North- Eastern States.

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Last Answer : B. The whole of India except the State of Jammu and Kashmir

'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.

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What is the validity of Provisional competency certificate? (i) Valid for executing 50 joints or six months whichever is earlier. (ii) Valid for executing 100 joints or six months whichever is earlier.* (iii) Valid for executing 50 joints. (iv) Valid for six months

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Which of the following section of Negotiable Instruments Act, 1881 deals with Cheques? A. Section 4 B. Section 5 C. Section 6 D. Section 7 E. None of the Above

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Last Answer : C. Section 6 Explanation: The section 6 of the Negotiable Instruments Act, 1881 deals with Cheques.

A Shareholder has been defined by ________ A. Banking Regulation Act, 1949 B. Reserve Bank of India Act, 1934 C. Negotiable Instruments Act, 1881 D. Indian Contract Act, 1872 E. The companies act, 1956

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The rules framed in the Clayton‟s case have been incorporated in _________ A. Banking Regulation Act, 1949 B. Reserve Bank of India Act, 1934 C. Negotiable Instruments Act, 1881 D. Indian Contract Act, 1872 E. None of the Above

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The law regarding negotiable instruments is contained in __________ A. The Bill of exchange Act 1881 B. The Banking Regulation Act 1949 C. Cheques Act, 1881 D. The Negotiable Instruments Act, 1881

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Banks are required to maintain SLR under_____ A. Section 24 of the Banking Regulation Act B. Section 35 of the Negotiable Instrument Act, 1881 C. Section 24 of RBI Act D. Section 40 of Indian Contract Act, 1872 E. None of the Above

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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

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Last Answer : A. Specially

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

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Co-operative banks are regulated by the Reserve Bank of India under _________ A. Banking Regulation Act, 1949 B. Banking Laws (Application to Co-operative Societies) Act, 1965 C. Both (A) and (B) D. Negotiable Instrument Act–1881 E. None of the Above

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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.

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Scheduled banks are required to keep cash reserve with RBI, interms of _______ A. Section 24 of the Banking Regulation Act, 1949 B. Section 20 of the Banking Regulation Act, 1949 C. Section 42(i) of the RBI Act, 1934 D. Section 42 of Negotiable Instruments Act

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Bank Holidays are covered by which of the following? A. As per the order of the GOI B. As per the order of the IBA C. Negotiable Instruments Act D. RBI Act E. Other than those given as options

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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.

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Last Answer : B. Public holidays are excluded

The Chief Election Commissioner of India holds office – (1) for six years (2) during the pleasure of the President (3) for six years or till the age of 65 whichever is earlier (4) for five years or till the age of 60 whichever is earlier

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Consent is free under section 14 if not caused by– A. coercion & undue influence B. fraud and misrepresentation C. mistake subject to the provisions of sections 20, 21 and 22 D. all of the above

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Consent is free under section 14 if not caused by A. Coercion & undue influence B. Fraud and misrepresentation C. Mistake subject to the provisions of sections 20, 21 and 22 D. All the above

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A company limited by shares has to call the statutory meeting within a period of not less than one month and not more than six months. This period is counted with reference to which one of the following ? (A) The date of incorporation (B) The date at which the company is entitled to commence business (C) The date of actual receipt of certificate of incorporation (D) The date of actual commencement of business

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Benefits derived from social responsibility include; A. enhanced organizational efficiency B. producing better products C. attracting people who want to work for the firm D. both A & C

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Minutes should be recorded within _________ days from the date of conclusion of every meeting A. 10 B. 20 C. 30 D. 40

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Description : Any change in the address of the registered office must be communicated to the registrar with in: A. 15 days B. 30 days C. 1 Month D. 12 months

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Which one of the following is not correct about the Panchayats as laid down in Part IX of the Constitution of India? (1) The Chairperson of a Panchayat needs to be directly elected by people in order to exercise the right to vote in the Panchayat meetings. (2) The State Legislature has the right to decide whether or not offices of the Chairpersons in the Panchayats are reserved for SCs, STs or women. (3) Unless dissolved earlier, every Panchayat continues for a period of five years. (4) The State Legislature may by law make provisions for audit of accounts of the Panchayats.

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Which of the following is necessary in obtaining informed consent? a. A description of the statistical analyses that will be carried out b. A description of the purpose of the research c. A description of the reliability and validity of test instruments d. A list of publications that the researcher has had in the last ten years

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Mark the correct option relating to cheque collection charges. a) Rs 30/- for a cheque up to Rs 1000/- b) Rs 3/- per thousand beyond Rs 1000/- c) No collection charges will be charged on outstation cheque of Post office saving bank drawn in post office saving bank d) All the above

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What is the Terms of the Comptroller and Auditor General of India? (1) 6 years (2) upto 65 years of age (3) 6 years or 65 years of age, whichever earlier (4) upto 64 years of age

Description : What is the Terms of the Comptroller and Auditor General of India? (1) 6 years (2) upto 65 years of age (3) 6 years or 65 years of age, whichever earlier (4) upto 64 years of age

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The term of office of the Advocate General of a State is: (1) 4 years (2) 5 years (3) 6 years or 65 years of age whichever is earlier (4) not fixed

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Policy in which amount of claim is Payable either at the time of death of a policy holder or at the expiry of the policy whichever is earlier. a. Endowment Policy b. Term Policy c. Joint Life Policy d. Whole life Policy

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The term of office of the Advocate General of a State is: (A) 4 years (B) 5 years (C) 6 years or 65 years of age whichever is earlier (D) not fixed

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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

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

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