The Negotiable Instruments Act, came into force on ___________.

01.01.1881

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01.02.1881

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01.03.1882

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01.12.1981

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Solution

The correct option is C 01.03.1882
The Negotiable Instruments Act, 1881 (NI Act) was enacted on 09 December 1881 and came into force on 01 March 1882 with a view to regulate the exchange of negotiable instruments such as promissory notes, bill of exchange and cheques.

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