Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Banking and Financial Awareness Negotiable Instruments
An instrument is to be called ‘Negotiable’ as per Negotiable Instruments Act, 1881, if it possesses which of the following characteristics?
a. Can be transferred infinitum.
b. Having minimum lock-in period.
c. Freely transferable.
d. The holder cannot sue in his own name.
e. Holder’s title free from defects.
Choose the correct answer from the options given below:
1
a, c and e only
2
a, b and e only
3
b, d and e only
4
a, b, c and e only