New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    As per Negotiable Instrument Act, the term negotiable

    means
    A Negotiable instrument Correct Answer Incorrect Answer
    B Transferrable Correct Answer Incorrect Answer
    C Bargaining Correct Answer Incorrect Answer
    D 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.

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