CA inter Law MCQ Quiz 2

M drew a cheque amounting to Rs. 2 lakh payable to N and subsequently delivered to him. After receipt of cheque N endorsed the same to C but kept it in his safe locker. After sometime, N died, and P found the cheque in N’s safe locker. State the nature of the Instrument as amounting to indorsement under the NI Act,1881.

• Yes its an endorsement, as P becomes the holder of the cheque that he found in the N’s safe locker.
• No, its not an endorsement, as P does not become the holder of the cheque
• Yes , its an endorsement, as P was a ultimate custodian of the cheque
• No, its not an endorsement, as N endorsed it to C and not to the P.

As per a Rule of an Educational Institution, every student may come on weekends for extra classes but every student shall appear on a weekly test conducted in the institute, which can be analysed i n terms of General Clause Act, as:

• Attending weekend classes is optional but appearing in weekly test is compulsory
• Attending weekend classes is compulsory but appearing in weekly test is optional
• Attending weekend classes and appearing in weekly test, both are compulsory for students
• Attending weekend classes and appearing in weekly test both are optional for students.

The Registrar shall register any alteration of the memorandum with respect to the objects of the company and certify the registration within a period of ______ from the date of filing of the special resolution.

• 30 days
• 60 days
• 90 days
• 6 months

Part of the capital for which application have been received from the public and shares allotted to them:

• Nominal capital
• Issued capital
• Subscribed capital
• Called up capital

No deposits are repayable earlier than ______ from the date of such deposits or renewal thereof.

• 3 months
• 6 months
• 9 months
• 12 months

On receipt of intimation of satisfaction of charge, the registrar issues a notice to the holder calling a show cause within such time not exceeding ______ days as to why payment or satisfaction in full should not be regarded as intimated to the Registrar:

• 14
• 21
• 30
• 300

A guarantee obtained by a creditor by keeping silence as to material circumstances is :

• Valid
• Voidable
• Unenforceable
• Invalid

Offences committed under the Negotiable Instruments Act can be —

• Compoundable
• Non- compoundable
• Non- compoundable and non-bailable
• bailable

Which of the following given Statement/s is/are correct: <br />(1) In all Central Acts and Regulations, any words which denote the masculine gender shall also be taken to include females, and vice versa.<br />(2) In all Central Acts and Regulations, words in the singular shall include the plural, but not vice versa.<br />

• Only statement (1) is correct
• Only statement (2) is correct
• Both the statements are correct
• None of the statement is correct

The act by which the operation of a previous Act comes to an end, is called as

• The Repealing Act
• The Consolidating Act
• The Amending Act
• Analogous Act