Chapter XVII was inserted into the Negotiable Instruments Act, 1881 by the Amendment of the Act in the year:

Option A: 1888

Option B: 1988

Option C: 1998

Option D: 1989

Correct Answer

Option: d

Explanation

The Banking, Public Financial Institutions and Negotiable Instruments Laws (Amendment) Act, 1988 inserted in the Negotiable Instruments Act, 1881(hereinafter called the said Act), a new Chapter XVII, comprising sections 138 to 142 with effect from 1st April, 1989.

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