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Start learning 50% faster. Sign in nowA negotiable instrument is a commercial document in writing that contains an order for payment of money either on demand or after a certain time. There are of three types of Negotiable Instrument as per Negotiable Instruments Act, 1881: I. Bills of exchange II. Promissory notes III. Cheques Currency is a legal tender, guaranteed by the government to transfer value but the Negotiable Instruments have following characteristics. · It is written document signed and stamped by the maker/drawer. · It has a specific payee to whom the value is transferable. · Negotiable Instruments requires acceptance and endorsement.
Directions: In the question below, a passage is given followed by few statements. Read the passage and answer the questions that follow.
Even w...
Statement- “Just like your mobile number, you could soon move your account from one bank to another without having to change the account number” RBI...
The World Health Organization (WHO) has announced a new initiative to reduce global smoking rates by 30% by 2030. This ambitious goal aims to decrease s...
Statement: Should it be said that the demonetisation exercise combined with the uncertainty around the July 1 adoption of the new indirect tax regime ...
Statement : The findings, which appear in the latest issue of the journal ‘Frontiers in Robotics and AI’, suggest that virtual interviewers could ...
Statement: Should children be prevented completely from using the social media.
Arguments:
1) No, they get connected with other peo...
In a debate about climate change, one person argues that because there was a cold winter this year, global warming is a myth. Evaluate the argument a...
Statement: Should India follow a one child policy like China in order to control the population explosion?
Argument I: Yes, this is the only way ...
Should all those students who fail in one or two subjects in 12th standard final exam be allowed to take admission in degree courses and cont...
Statement: Should national anthem be played before movies in the theater.
Arguments:
I. Yes,...
