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The Negotiable Instruments Act was enacted in:
A1872
B1881
C1930
D1932
Answer & Solution
Correct answer: B. 1881
1. Per OCR: Module 4 is titled "Negotiable Instruments Act, 1881".
2. NI Act = 1881.
3. Covers promissory notes, bills of exchange, cheques.
_Source: ICMAI BoS CMA Foundation Paper 1 (FBLC) — Paper1_07042026.pdf, Module 4 §4 (page 93)_