Indian Stamp Act 1899 MCQs
Multiple Choice Questions (MCQs) on the Indian Stamp Act, 1899 especially compiled for Higher Judicial Services Examination.
Questions
1. Indian Stamp Act, 1899 came into force on –
a) July 1st, 1899
b) July 10th, 1899
c) June 1st, 1899
d) January 27th, 1899
2. Indian Stamp Act, 1899 contains –
a) VI Chapters
b) VII Chapters
c) VIII Chapters
d) IX Chapters
3. Bill of exchange includes –
a) Hundi
b) Document entitling any person to payment by any other person any sum of money
c) Document purporting to entitle any person to payment by any other person any sum of money
d) All the above
4. Which of the following shall not be included under the definition of “bond”?
a) Any instrument by which a person obliges himself to pay money to another
b) Any instrument attested by a witness and not payable to order whereby a person obliges to pay money to another
c) Any instrument so attested, whereby a person obliges himself to deliver grain to another
d) Debenture
5. Which of the following definitions was included in the Indian Stamp Act, 1899 by the Amendment of 2019?
a) Bill of exchange
b) Bond
c) Chargeable
d) Clearance list
6. According to the provisions of the Indian Stamp Act, 1899, “duly stamped” means –
a) Instrument bears an adhesive or impressed stamp of proper amount
b) Stamp has been affixed on the instrument in accordance with the law in force in India
c) Both (a) and (b)
d) Either (a) or (b)
7. Impressed stamp includes –
a) Labels affixed and impressed by the proper officer
b) Stamps embosses on stamped paper
c) Stamps engraved on stamped paper
d) All the above
8. Instrument of partition includes –
a) Final order for effecting partition passed by any Revenue Authority
b) Award by arbitrator directing a partition
c) Instrument where co-owners of property divide such property in severalty
d) All the above
9. Marketable security means a security –
a) Capable of being trade in any stock exchange in India
b) Capable of being traded in the open market
c) Capable of being purchased and sold in markets in India
d) All the above
10. “Settlement” means –
a) Testamentary disposition
b) Non-testamentary disposition
c) Either (a) or (b)
d) Both (a) and (b)
Answers
| Question No. | Answer |
|---|---|
| 1 | a |
| 2 | c |
| 3 | d |
| 4 | d |
| 5 | d |
| 6 | c |
| 7 | d |
| 8 | d |
| 9 | a |
| 10 | b |
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