Which Act in India regulates the negotiation and

transfer of negotiable instruments such as promissory notes, bills of exchange, and cheques?

A Negotiable Instruments Act, 1881 Correct Answer Incorrect Answer

B Banking Regulation Act, 1949 Correct Answer Incorrect Answer

C Companies Act, 2013 Correct Answer Incorrect Answer

D Prevention of Money Laundering Act, 2002 Correct Answer Incorrect Answer

Solution

The Negotiable Instruments Act, 1881 governs the negotiation and transfer of negotiable instruments in India, providing a legal framework for the use of instruments like promissory notes, bills of exchange, and cheques.

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