MCQ 10 July 2025

Daily MCQs for Judiciary Prelims Exams - (10 July 2025)



Question/ Answer
Question1:- Which of the following is not a negotiable instrument under the Negotiable Instruments Act, 1881?
  • A) Promissory Note
  • B) Cheque
  • C) Share Certificate
  • D) Bill of Exchange
Answer is c is correct. Share certificates are not covered under the definition of negotiable instruments. Negotiable instruments include promissory notes, bills of exchange, and cheques as per Section 13 of the Act. A share certificate represents ownership and is not intended for transfer by endorsement and delivery like a negotiable instrument. Therefore, option C is correct.
Question2:- What is the time limit to present a cheque for payment under Section 138 of the NI Act to avoid dishonour?
  • A) 1 month from the date of issue
  • B) 3 months from the date of issue
  • C) 6 months from the date of issue
  • D) 30 days from the date of issue
Answer is b is correct. A cheque must be presented to the bank within three months from the date it is drawn (as per the 2002 amendment). If presented later, and dishonoured, it won’t attract the penal provisions under Section 138. Therefore, option B is correct.
Question3:- Which of the following is an essential feature of a negotiable instrument?
  • A) It must be registered
  • B) It must be in electronic form only
  • C) It must be transferable by delivery or endorsement
  • D) It must bear a revenue stamp
Answer is c is correct. Negotiability means the instrument can be transferred freely, and the transferee gets a better title than the transferor. This is the key feature of negotiable instruments like promissory notes, cheques, and bills of exchange. Therefore, option C is correct.
Question4:- Which of the following is not a condition implied in a contract of sale?
  • A) Condition as to title
  • B) Condition as to description
  • C) Condition as to price
  • D) Condition as to merchantable quality
Answer is c is correct. The Sale of Goods Act, under Sections 14–17, provides implied conditions such as title, description, merchantable quality, and fitness for purpose. The price can be decided by contract or by course of dealing; it is not an implied condition. Therefore, option C is correct.
Question5:- In a sale on approval basis, when does the ownership of goods pass to the buyer?
  • A) Immediately upon delivery
  • B) After expiry of a reasonable time
  • C) When the buyer signifies approval or acceptance
  • D) When the seller dispatches the invoice
Answer is c is correct. As per Section 24 of the Sale of Goods Act, in a sale on approval or "on sale or return" basis, ownership passes to the buyer only when the buyer signifies approval or does an act adopting the transaction (like using the goods or retaining beyond a fixed/reasonable time). Therefore, option C is correct.

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