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IBPS RRB Office Assistant Negotiable Instruments Act — practice questions — page 2

Explore 73 free Negotiable Instruments Act questions in IBPS RRB Office Assistant Banking Awareness. Open each question or exercise to read its content, reference answers and available explanation.

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Negotiable Instruments Act questions and exercises with answers

Showing questions 31–60 of 73.

Cheque book and locker facilities must be offered to the visually:Read the answer and worked solution →A memorandum on customer service goes to the board once every:Read the answer and worked solution →Match each rule to its numberRead the answer and worked solution →True or false about cheque rulesRead the answer and worked solution →Sort each item by what it governsRead the answer and worked solution →Fill the gaps in the cheque rulesRead the answer and worked solution →Is the bank allowed to do this?Read the answer and worked solution →Spot the one that does not fitRead the answer and worked solution →Order what happens to a bounced chequeRead the answer and worked solution →Pick the right answer, quicklyRead the answer and worked solution →A promissory note contains an unconditional:Read the answer and worked solution →Which document can never be a promissory note?Read the answer and worked solution →A bill of exchange contains an unconditional:Read the answer and worked solution →A cheque is a bill of exchange drawn on a specified:Read the answer and worked solution →The statutory meaning of cheque now also takes in a cheque in:Read the answer and worked solution →The person entitled in his own name to possess the instrument is the:Read the answer and worked solution →A holder in due course must have taken the instrument for:Read the answer and worked solution →Payment in due course must be made in good faith and without:Read the answer and worked solution →Where an amount differs in figures and words, which prevails?Read the answer and worked solution →An instrument with no time for payment specified is payable:Read the answer and worked solution →Days of grace put a bill at maturity on which day after the due day?Read the answer and worked solution →If the day of maturity is a public holiday the instrument falls due on the:Read the answer and worked solution →A minor may draw and negotiate an instrument so as to bind:Read the answer and worked solution →A drawee of a cheque with sufficient funds who refuses to pay must:Read the answer and worked solution →Two parallel transverse lines across a cheque make it crossed:Read the answer and worked solution →Adding the name of a banker across a cheque makes it crossed:Read the answer and worked solution →A cheque already crossed generally may be crossed by the holder:Read the answer and worked solution →Section 138 punishes dishonour of a cheque for insufficiency of:Read the answer and worked solution →Imprisonment under section 138 may extend to:Read the answer and worked solution →The fine under section 138 may extend to what multiple of the cheque?Read the answer and worked solution →

Worked practice questions

Cheque book and locker facilities must be offered to the visually:

  1. Chastened
  2. Cherished
  3. Challenged
  4. Chartered
Show answer and solution

Correct answer: C. Challenged

1. The list covers ATM, net banking, loans and cards too. 2. No discrimination is permitted. 3. The facilities must reach visually challenged customers. _Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_

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A memorandum on customer service goes to the board once every:

  1. Nine months
  2. Four months
  3. Two months
  4. Six months
Show answer and solution

Correct answer: D. Six months

1. The memorandum reviews customer service and care. 2. Corrective action follows where gaps show. 3. It is placed once every six months. _Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_

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Match each rule to its number

Read exercise and reference answers
Matching pairs
  1. Left
    Draft validity
    Right
    Three months from issue
  2. Left
    Return of a cheque
    Right
    Within 24 hours
  3. Left
    Bill transit stage
    Right
    Two days allowed
  4. Left
    Delay interest
    Right
    Savings rate plus 2 pc
  5. Left
    Board memorandum
    Right
    Once in six months
  6. Left
    Audit panel data
    Right
    Every quarter
Instructions
Tap a rule on the left, then tap its figure.
_Source: Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025_

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