UGC NET Negotiable Instruments Act 1881 Previous Year Questions
JRFSmart holds 15 previous-year questions on Negotiable Instruments Act 1881 from UGC NET Commerce (Paper 2), filed under Unit 9: Legal Aspects of Business, drawn from 10 of the 22 exam papers in the bank (2019–2025). Each question can be practised with a full explanation and shows how often NTA has returned to the same idea.
What is asked in Negotiable Instruments Act 1881
The questions in this topic fall under these subtopics, ordered by how many previous-year questions each has.
| Subtopic | Questions |
|---|---|
| Essentials of a promissory note | 1 |
| Classes of negotiable instrument | 1 |
| Discharge of parties from liability | 1 |
| Dishonour - noting and protest | 1 |
| Holder in due course | 1 |
| Characteristics of negotiability | 1 |
| Cheques, bills and promissory notes | 1 |
| What is a promissory note | 1 |
| Presumptions | 1 |
| Negotiable instruments | 1 |
| Privileges of a holder in due course | 1 |
| Liability of the drawer | 1 |
NTA repeat analysis
Negotiable Instruments Act 1881 appears in 10 of 22 papers (45%), which JRFSmart rates as high frequency.
Sample previous-year questions
Which of the following points are considered essential characteristics of a Promissory Note? A. It must be in writing B. It must not contain an undertaking or promise to pay C. The promise to pay must be conditional D. A promissory note must be signed by the…
What is the primary liability of the drawer of a bill of exchange or cheque?
Match the column: List-I: Negotiable Instruments List-II: Their Explanation (A) Inchoate Instrument I. When a negotiable instrument is delivered conditionally or for a specific purpose as a collateral security or for safe custody only (B) Ambiguous…
What is the privilege of a holder in due course?
Which of the following is not an essential characteristic of negotiable instrument?
One or more parties to a negotiable instrument is/are discharged from liability in which of the following ways? A. By giving the notice dishonour by the holder B. By deliberately cancelling the name of party/parties C. By taking qualified acceptance D. By…
Arrange the following steps in a logical sequence in recourse to dishonoring a negotiable instrument: (A) Noting (B) Compensation (C) Protesting (D) Notice of dishonour (E) Penalties Choose the correct answer from the options given below:
'A' sells a mobile phone to 'B', a minor, who pays for it by his cheque. 'A' endorses the cheque to 'C' who takes it in good faith and for value. The cheque is dishonoured on presentation. Can 'C' enforce payment of the cheque?
Showing 8 of 15 questions, without answers. Practise the full set with options, the official answer and JRFSmart's explanations.
Practise Negotiable Instruments Act 1881
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