Millionaire Mode

Negotiable Instruments Act, 1881

Question 1 of 15

What is the legal definition of a 'negotiable instrument' as per the Negotiable Instruments Act, 1881?

  1. A written instrument that promises to pay a certain sum of money to a specified person or bearer.
  2. A document that evidences a debt or obligation and can be transferred to another party.
  3. A financial instrument that allows the holder to claim payment of a specific amount at a future date.
  4. A contract between two parties involving the exchange of goods or services.

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000