New RBI Grade B 2025 Notification will come Soon! Enroll Here

    Question

    As per Negotiable Instrument Act, the term negotiable

    means
    A Money Correct Answer Incorrect Answer
    B Negotiable instrument Correct Answer Incorrect Answer
    C Transferrable Correct Answer Incorrect Answer
    D Bargaining Correct Answer Incorrect Answer
    E Endorsement Correct Answer Incorrect Answer

    Solution

    Section 14 - Negotiation—When a promissory note, bill of exchange or cheque is transferred to any person,  so as to constitute that person the holder thereof, the instrument is said to be negotiated.

    Practice Next

    Relevant for Exams: