RBI Grade B Negotiable Instruments Act — practice questions
51 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice RBI Grade B Negotiable Instruments Act in the app →Public and bank holidays are declared under which section of the NI Act?Dishonour of a cheque for insufficient funds is an offence under which section of the NI Act?A bank's cheque collection policy must cover how many aspects?A demand draft is uniformly valid for a period of:Demand drafts above a set value must carry which crossing?May a bank refuse to issue a small draft against cash to a non-customer?A cheque book is issued on a requisition slip that comes with the:Can a bank insist a senior citizen appear in person for a cheque book?Forcing depositors to accept courier delivery of cheque books is:If a customer tenders a cheque at the counter, the branch must give:The notice on a cheque drop box must appear in Hindi, English and the:A cheque drawn in favour of a Karta may be collected in the account of a:A dishonoured instrument must be returned to the customer within:On returning a cheque, the paying bank must indicate the:Which rules prescribe the signing of the objection slip?The response to dishonour of a customer's cheques is left to the:Dishonoured cheque data must go before the audit committee:Dishonoured cheques drawn in favour of stock exchanges are reported:For court proceedings on a dishonoured cheque, the bank must furnish:Interest for delayed collection of bills is paid above the savings rate by:Normal transit time for each stage of bill collection is:Which code is needed for electronic clearing service transactions?Which code is a prerequisite for NEFT and RTGS transactions?Which is a survivorship clause on a joint deposit account?Cheque book and locker facilities must be offered to the visually:A memorandum on customer service goes to the board once every:A promissory note contains an unconditional:Which document can never be a promissory note?A bill of exchange contains an unconditional:A cheque is a bill of exchange drawn on a specified:The statutory meaning of cheque now also takes in a cheque in:The person entitled in his own name to possess the instrument is the:A holder in due course must have taken the instrument for:Payment in due course must be made in good faith and without:Where an amount differs in figures and words, which prevails?An instrument with no time for payment specified is payable:Days of grace put a bill at maturity on which day after the due day?If the day of maturity is a public holiday the instrument falls due on the:A minor may draw and negotiate an instrument so as to bind:A drawee of a cheque with sufficient funds who refuses to pay must:Two parallel transverse lines across a cheque make it crossed:Adding the name of a banker across a cheque makes it crossed:A cheque already crossed generally may be crossed by the holder:Section 138 punishes dishonour of a cheque for insufficiency of:Imprisonment under section 138 may extend to:The fine under section 138 may extend to what multiple of the cheque?For section 138 the cheque must be presented within:The drawer must pay after notice of dishonour within:Section 139 raises a presumption in favour of the:Under section 140 it is no defence that the drawer did not:Under section 141 who else is liable when a company offends?