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

    Question

    Mark the incorrect statement with respect to Valuable

    security :-
    A A valuable security is a document Correct Answer Incorrect Answer
    B A valuable security is genus and document is species Correct Answer Incorrect Answer
    C If a document is executed by aminor or is unstamped, it is, nevertheless a valuable security Correct Answer Incorrect Answer
    D Valuable security has been defined under Section 30 of the Indian Penal Code Correct Answer Incorrect Answer

    Solution

    Section 30. “Valuable security”—The words “valuable security” denote a document which is, or purports to be, a document whereby any legal right is created, extended, transferred, restricted, extinguished or released, or whereby any person acknowledges that he lies under legal liability, or has not a certain legal right.

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