IBPS Law Officer Exam Top 10 MCQs with Answers

The IBPS Law Officer Exam tests your understanding of important banking laws and legal concepts. Along with studying the syllabus, you should regularly solve MCQs to improve your accuracy and speed. Practice questions help you understand the exam pattern, identify weak areas, and revise important provisions from different Acts.

The IBPS Law Officer Exam Top 10 MCQs are designed to help you revise frequently tested topics such as the Negotiable Instruments Act, Consumer Protection Act, Prevention of Money Laundering Act (PMLA), Banking Laws, and Contract Law. These questions are suitable for your last-minute revision as well as daily practice. 

IBPS Law Officer Exam Top 10 MCQs with Answers

The IBPS Law Officer Exam requires a strong understanding of important legal provisions and their practical application. Along with studying Bare Acts, you should regularly solve multiple-choice questions (MCQs) to improve your conceptual clarity and exam readiness. MCQ practice helps you revise key sections, identify important topics, and improve your speed and accuracy.

Below are some important practice questions based on the Negotiable Instruments Act, 1881. These questions are commonly asked in law officer examinations and can help you strengthen your preparation.

1. The Negotiable Instruments Act, 1881 is an Act to define and amend the law relating to:

A. Cheques
B. Bills of Exchange
C. Promissory Notes
D. All of the above

Answer: D. All of the above

2. In a Promissory Note, how many parties are involved?

A. One
B. Two
C. Three
D. Four

Answer: B. Two

3. The maxim Res Ipsa Loquitur is a:

A. Rule of Law
B. Rule of Procedure
C. Rule of Evidence
D. Rule of Negligence

Answer: C. Rule of Evidence

4. Which of the following is NOT correct about a Promissory Note?

A. It contains a conditional undertaking.
B. It contains the amount mentioned on it.
C. It is an instrument in writing.
D. It is signed by the maker.

Answer: A. It contains a conditional undertaking.

5. Section 5 of the Negotiable Instruments Act deals with:

A. Bills of Exchange
B. Holder in Due Course
C. Cheque
D. Promissory Note

Answer: A. Bills of Exchange

6. The interim compensation payable under Section 143A of the Negotiable Instruments Act may be recovered:

A. As if it is a decree of a court
B. As per the provisions of the Income Tax Act, 1961
C. As per the provisions of the Code of Criminal Procedure, 1973 (or Bharatiya Nagarik Suraksha Sanhita/BNSS)
D. None of the above

Answer: C. As per the provisions of the Code of Criminal Procedure, 1973 (or Bharatiya Nagarik Suraksha Sanhita/BNSS)

7. Which court can entertain an offence punishable under Section 138 of the Negotiable Instruments Act?

A. Court not inferior to that of a Judicial Magistrate of the First Class
B. Any court having jurisdiction may entertain such a case
C. Court not inferior to that of a Metropolitan Magistrate
D. Options A and C are correct

Answer: D. Options A and C are correct

8. A bill is said to be dishonoured when:

A. Presentment is excused and the bill is not accepted
B. One of several drawees makes default in acceptance after being duly required to accept the bill
C. The drawee refuses to accept the bill
D. All of the above

Answer: D. All of the above

9. When the maturity date of a promissory note or bill of exchange falls on a public holiday, the instrument is deemed to be due:

A. On the same day
B. On the next preceding business day
C. On the next business day
D. On the next succeeding business day

Answer: B. On the next preceding business day

10. Which section of the Negotiable Instruments Act defines the term "Negotiable Instrument"?

A. Section 15
B. Section 14
C. Section 13A
D. Section 13

Answer: D. Section 13

Regular MCQ practice plays an important role in your IBPS Law Officer Exam preparation. It helps you revise key legal provisions, improve conceptual clarity, and increase your confidence before the examination. 

The questions above cover important topics from the Negotiable Instruments Act, 1881, including Promissory Notes, Bills of Exchange, cheque dishonour, and frequently tested statutory provisions. Continue practising questions from other subjects in the IBPS Law Officer syllabus and revise the relevant Bare Acts regularly to strengthen your overall preparation.