Disha Expert Team Solutions for Exercise 1: EXERCISE

For Mr. Krishan to be “Holder in due course” which among the following conditions must be satisfied?
1. The negotiable instrument must be in possession of Mr. Krishan
2. He must be the holder of valuable consideration
3. He must become a holder of the negotiable instrument before the date of maturity
4. He must become a holder of the instrument in good faith Choose the correct option:
 

Which among the following is NOT a correct feature of Promissory Note?
 

 Consider the following statements in the context of’ Holder in due course’:
1. If Mr. Rai obtain the negotiable instrument before its maturity
2. If Mr. Rai obtains negotiable instrument by way of gift
3. If Mr. Rai obtains by some illegal method
4 If Mr. Rai doesn’t obtain it bonafide
In which among the following statements, Mr. Rai is not consider to be  "Holder in due course".
 

In which of the following types of accounts, fixed amount has to deposit over a fixed interval of time?
 

Which among the following is/are examples of Recurring deposit?
1. Home safe account
2. Sickness deposit account
3. Home construction deposit scheme

Select the correct option from the codes given below:
 

Which among the following is/are correct statements about Demand Deposits?
1. Money in demand deposits is liquid
2. All demand deposits earn interest
3. Ownership of demand deposits can be transferred using a cheque
Which among the above is/are correct statements?
 

Which among the following is not a feature of Saving Accounts?

Which among the following is opened in Foreign Currency Only?