Multiple Choice Multiple Answer
Question
A Consumer has the following rights
Correct Answer
To get the education of the availability of legal
remedies , Seek redressal against unfair trade practices , To be
informed
about quality, quantity, potency, purity, standard and price of goods
Your Answer
To get the education of the availability of legal
remedies , Seek redressal against unfair trade practices , To be
informed
about quality, quantity, potency, purity, standard and price of goods
Multiple Choice Multiple Answer
Question
Agreement is a contract voidable at the option of the party
to an agreement to make a mistake as to
Correct Answer
the agreement , the contract subject to a specific
conditions , the subject matter of the thing
Your Answer
the contract subject to a specific conditions , the
subject matter of the thing , the substance of the thing which is
subject
matter of the agreement
Multiple Choice Multiple Answer
Question
Following are the conditions needed to prove an act of a
partner is an act of a partnership firm
Correct Answer
such a act be done in a ordinary course of a
partnership firm , it must be related to the business of the firm , act
must
have been done in the name and on behalf of the firm
Your Answer
such a act be done in a ordinary course of a partnership
firm , it must be related to the business of the firm , act must have
been done in the name and on behalf of the firm
Select The Blank
Question
Partnership business carried on continuous losses, the
court may order to ________ the firm.
Correct Answer
dissolve
Your Answer
dissolve
True/False
Question
No company shall be registered by a name which, in the
opinion of the central government is undesirable.
Correct Answer
True
Your Answer
True
True/False
Question
An insolvent person can accept or endorse a bill.
Correct Answer
False
Your Answer
False
Multiple Choice Multiple Answer
Question
Following are the elements which constitute a partnership
Correct Answer
there must be a contract regarding a partnership ,
there must be an association of two or more persons
Your Answer
there must be a contract regarding a partnership , the
main object of carry on the business must be sharing of liabilities ,
there must be an association of two or more persons
Select The Blank
Question
A valid tender of performance should be ________
Correct Answer
unconditional
Your Answer
unconditional
Multiple Choice Single Answer
Question
The feature of the Contingent Contracts is that they
Correct Answer
depend upon the circumstances, which makes them valid
or void
Your Answer
depend upon the circumstances, which makes them valid or
void
Match The Following
Question Correct Answer Your Answer
Minor Partner Admitted for profits only Admitted for profits only
Dissolution of a Partnership Death or Insanity of the partners Death or
Insanity of the partners
Firm Partners Partners
Partner Agents of the firm Agents of the firm
Partnership Can be formed at Will Can be formed at Will
Multiple Choice Multiple Answer
Question
Agent has duties towards principal including to
Correct Answer
conducting principal's business , rendering accounts
to principal , communicating with the principal
Your Answer
conducting principal's business , rendering accounts to
principal , communicating with the principal
True/False
Question
Companies can be registered with undesirable names.
Correct Answer
False
Your Answer
False
Multiple Choice Single Answer
Question
A contract with a pardanashin woman can be presumed to have
been induced by
Correct Answer
undue influence
Your Answer
undue influence
Multiple Choice Single Answer
Question
After the period of time is lapsed, the right to bring an
action is barred under the
Correct Answer
Limitation Act
Your Answer
Indian Contract Act
Multiple Choice Single Answer
Question
The capacity to contract with an agent is the part of the
law of
Correct Answer
statute
Your Answer
agency
Multiple Choice Multiple Answer
Question
Following persons can not be called partners
Correct Answer
minors , insolvents , co-owners without the agreement
to carry on the business
Your Answer
insolvents , co-onwers with the agreement to carry on
the business , co-owners without the agreement to carry on the business
Select The Blank
Question
A firm is a name given to the partners ________
Correct Answer
collectively
Your Answer
collectively
Multiple Choice Single Answer
Question
The partnership deed is required to drafted very carefully
and to be signed by
Correct Answer
all the partners
Your Answer
all the partners
Multiple Choice Single Answer
Question
A cheque is dishonoured by
Correct Answer
non payment only
Your Answer
non payment only
Multiple Choice Multiple Answer
Question
A company is
Correct Answer
A company is , An artificial legal person , A
separate legal entity
Your Answer
An artificial legal person , A separate legal entity
Select The Blank
Question
Section 13 of the Negotiable Instrument Act gives ________
of Negotiable Instrument.
Correct Answer
meaning
Your Answer
meaning
True/False
Question
General agents are the persons who enjoy a general
authority to do everything in the course of their agency.
Correct Answer
True
Your Answer
True
Multiple Choice Single Answer
Question
"An agreement creating and defining the obligations between
the parties is a contract", This was stated by
Correct Answer
Sir John Salmond
Your Answer
Sir John Salmond
Multiple Choice Multiple Answer
Question
An unregistered firm can bring an action in any court of
Law against
Correct Answer
a partner who steals the property of the partnership
firm , a partner who purposely damages the property of the partnership
firm
Your Answer
a partner who steals the property of the partnership
firm , a partner who purposely damages the property of the partnership
firm , a partner who wrongfully deals with the assets of the firm
Multiple Choice Multiple Answer
Question
Following are the persons who cannot enter into partnership
firm
Correct Answer
A Burmese Buddhist husband and wife carrying on
business , the members of Hindu Undivided Family carrying on Family
business
Your Answer
A Burmese Buddhist husband and wife carrying on business
True/False
Question
An intention to create legal relations is one of the most
important criterions to establish a contract.
Correct Answer
True
Your Answer
False
Multiple Choice Multiple Answer
Question
Following are the agencies of a three tier system of
consumer disputes redressal agencies
Correct Answer
State commission , National commission , District
Forum
Your Answer
State commission , National commission , District Forum
Multiple Choice Single Answer
Question
Misrepresentation means and includes
Correct Answer
positive assertion of that which is not true
Your Answer
positive assertion of that which is not true
Multiple Choice Single Answer
Question
Consumer Dispute Redressal Forum is a District Forum
established by
Correct Answer
the State Govt. in each District of the State by
Notification
Your Answer
the State Govt. in each District of the State by
Notification
Select The Blank
Question
An order of the court asking a person to do or to abstain
from doing a particular act, which is the subject matter of the
contract, is known as ________.
Correct Answer
Injuction
Your Answer
Injuction
Multiple Choice Multiple Answer
Question
In a sale if the seller becomes insolvent after a contract
of sale and the buyer has paid the price, the buyer can claim the goods
from the
Correct Answer
Official Assignee , Receiver
Your Answer
Official Assignee , Receiver
Multiple Choice Single Answer
Question
A finder of goods is subject to the responsibility as a
Correct Answer
bailee
Your Answer
bailee
True/False
Question
Where a cheque is crossed specially, the banker to whom it
is crossed may again cross it specially to another banker, his agent,
for collection.
Correct Answer
True
Your Answer
True
Multiple Choice Multiple Answer
Question
In India, some of Negotiable Instruments by usage or custom
of trade are
Correct Answer
Government promissory notes , Bankers drafts , Pay
off orders
Your Answer
orders
Government promissory notes , Bankers drafts , Pay off
Select The Blank
Question
A Company subject to the provisions of section 32 of the
companies act as unlimited may register under this Act as a ________
Correct Answer
Limited company
Your Answer
Limited company
Multiple Choice Single Answer
Question
A sale which is a public sale where various buyers try to
buy the goods by outbidding each other is known as
Correct Answer
Auction sale
Your Answer
Auction sale
True/False
Question
Minor do not have the right of access to and to inspect and
copy any of the books of the firm
Correct Answer
True
Your Answer
False
Match The Following
Question Correct Answer Your Answer
Fact and Law The types of "Mistake" The types of "Mistake"
An order of the court asking a person to do or abstain from doing a
particular act, which is the subject matter of the contract Injuction
Order Injuction Order
The Indian Contract Act, 1872 applies to whole of India except the
state of Jammu and Kashmir Applicability Sector 63
An agreement enforceable by law Contract Contract
Select The Blank
Question
The ________ of 1986 is basically passed to protect the
interest of the consumer.
Correct Answer
Consumer Protection Act
Your Answer
Consumer Protection Act
True/False
Question
When agents delegate their authority to another for a
particular period for a particular task, they appoint substituted
agents.
Correct Answer
True
Your Answer
False
Multiple Choice Multiple Answer
Question
The memorandum of Association is the most important
document, it acts out
Correct Answer
The constitution , The formation , The objectives
Your Answer
The constitution , The objectives , The preamble
Select The Blank
Question
The Articles of Association controls ________ operations of
the company.
Correct Answer
internal
Your Answer
internal
True/False
Question
Subsidiary company can hold shares and can acquire
membership of the holding company.
Correct Answer
False
Your Answer
True
True/False
Question
The company cannot exceed the powers conferred on it by its
memorandum
Correct Answer
True
Your Answer
True
Multiple Choice Multiple Answer
Question
According to the Consumer Protection Act, 1986, a service
includes
Correct Answer
Financial service , Entertainment
Your Answer
Financial service , Entertainment
Select The Blank
Question
Any person who is of age of majority according to the law
to which he is a subject, may ________ an agent.
Correct Answer
appoint
Your Answer
appoint
Select The Blank
Question
A ________ is an artificial person and has a legal entity.
Correct Answer
Company
Your Answer
Company
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Multiple Choice Multiple Answer
Question
A Consumer has the following rights
Correct Answer
To get the education of the availability of legal
remedies , Seek redressal against unfair trade practices , To be
informed
about quality, quantity, potency, purity, standard and price of goods
Your Answer
To get the education of the availability of legal
remedies , Seek redressal against unfair trade practices , To be
informed
about quality, quantity, potency, purity, standard and price of goods
Multiple Choice Multiple Answer
Question
Agreement is a contract voidable at the option of the party
to an agreement to make a mistake as to
Correct Answer
the agreement , the contract subject to a specific
conditions , the subject matter of the thing
Your Answer
the contract subject to a specific conditions , the
subject matter of the thing , the substance of the thing which is
subject
matter of the agreement
Multiple Choice Multiple Answer
Question
Following are the conditions needed to prove an act of a
partner is an act of a partnership firm
Correct Answer
such a act be done in a ordinary course of a
partnership firm , it must be related to the business of the firm , act
must
have been done in the name and on behalf of the firm
Your Answer
such a act be done in a ordinary course of a partnership
firm , it must be related to the business of the firm , act must have
been done in the name and on behalf of the firm
Select The Blank
Question
Partnership business carried on continuous losses, the
court may order to ________ the firm.
Correct Answer
dissolve
Your Answer
dissolve
True/False
Question
No company shall be registered by a name which, in the
opinion of the central government is undesirable.
Correct Answer
True
Your Answer
True
True/False
Question
An insolvent person can accept or endorse a bill.
Correct Answer
False
Your Answer
False
Multiple Choice Multiple Answer
Question
Following are the elements which constitute a partnership
Correct Answer
there must be a contract regarding a partnership ,
there must be an association of two or more persons
Your Answer
there must be a contract regarding a partnership , the
main object of carry on the business must be sharing of liabilities ,
there must be an association of two or more persons
Select The Blank
Question
A valid tender of performance should be ________
Correct Answer
unconditional
Your Answer
unconditional
Multiple Choice Single Answer
Question
The feature of the Contingent Contracts is that they
Correct Answer
depend upon the circumstances, which makes them valid
or void
Your Answer
depend upon the circumstances, which makes them valid or
void
Match The Following
Question Correct Answer Your Answer
Minor Partner Admitted for profits only Admitted for profits only
Dissolution of a Partnership Death or Insanity of the partners Death or
Insanity of the partners
Firm Partners Partners
Partner Agents of the firm Agents of the firm
Partnership Can be formed at Will Can be formed at Will
Multiple Choice Multiple Answer
Question
Agent has duties towards principal including to
Correct Answer
conducting principal's business , rendering accounts
to principal , communicating with the principal
Your Answer
conducting principal's business , rendering accounts to
principal , communicating with the principal
True/False
Question
Companies can be registered with undesirable names.
Correct Answer
False
Your Answer
False
Multiple Choice Single Answer
Question
A contract with a pardanashin woman can be presumed to have
been induced by
Correct Answer
undue influence
Your Answer
undue influence
Multiple Choice Single Answer
Question
After the period of time is lapsed, the right to bring an
action is barred under the
Correct Answer
Limitation Act
Your Answer
Indian Contract Act
Multiple Choice Single Answer
Question
The capacity to contract with an agent is the part of the
law of
Correct Answer
statute
Your Answer
agency
Multiple Choice Multiple Answer
Question
Following persons can not be called partners
Correct Answer
minors , insolvents , co-owners without the agreement
to carry on the business
Your Answer
insolvents , co-onwers with the agreement to carry on
the business , co-owners without the agreement to carry on the business
Select The Blank
Question
A firm is a name given to the partners ________
Correct Answer
collectively
Your Answer
collectively
Multiple Choice Single Answer
Question
The partnership deed is required to drafted very carefully
and to be signed by
Correct Answer
all the partners
Your Answer
all the partners
Multiple Choice Single Answer
Question
A cheque is dishonoured by
Correct Answer
non payment only
Your Answer
non payment only
Multiple Choice Multiple Answer
Question
A company is
Correct Answer
A company is , An artificial legal person , A
separate legal entity
Your Answer
An artificial legal person , A separate legal entity
Select The Blank
Question
Section 13 of the Negotiable Instrument Act gives ________
of Negotiable Instrument.
Correct Answer
meaning
Your Answer
meaning
True/False
Question
General agents are the persons who enjoy a general
authority to do everything in the course of their agency.
Correct Answer
True
Your Answer
True
Multiple Choice Single Answer
Question
"An agreement creating and defining the obligations between
the parties is a contract", This was stated by
Correct Answer
Sir John Salmond
Your Answer
Sir John Salmond
Multiple Choice Multiple Answer
Question
An unregistered firm can bring an action in any court of
Law against
Correct Answer
a partner who steals the property of the partnership
firm , a partner who purposely damages the property of the partnership
firm
Your Answer
a partner who steals the property of the partnership
firm , a partner who purposely damages the property of the partnership
firm , a partner who wrongfully deals with the assets of the firm
Multiple Choice Multiple Answer
Question
Following are the persons who cannot enter into partnership
firm
Correct Answer
A Burmese Buddhist husband and wife carrying on
business , the members of Hindu Undivided Family carrying on Family
business
Your Answer
A Burmese Buddhist husband and wife carrying on business
True/False
Question
An intention to create legal relations is one of the most
important criterions to establish a contract.
Correct Answer
True
Your Answer
False
Multiple Choice Multiple Answer
Question
Following are the agencies of a three tier system of
consumer disputes redressal agencies
Correct Answer
State commission , National commission , District
Forum
Your Answer
State commission , National commission , District Forum
Multiple Choice Single Answer
Question
Misrepresentation means and includes
Correct Answer
positive assertion of that which is not true
Your Answer
positive assertion of that which is not true
Multiple Choice Single Answer
Question
Consumer Dispute Redressal Forum is a District Forum
established by
Correct Answer
the State Govt. in each District of the State by
Notification
Your Answer
the State Govt. in each District of the State by
Notification
Select The Blank
Question
An order of the court asking a person to do or to abstain
from doing a particular act, which is the subject matter of the
contract, is known as ________.
Correct Answer
Injuction
Your Answer
Injuction
Multiple Choice Multiple Answer
Question
In a sale if the seller becomes insolvent after a contract
of sale and the buyer has paid the price, the buyer can claim the goods
from the
Correct Answer
Official Assignee , Receiver
Your Answer
Official Assignee , Receiver
Multiple Choice Single Answer
Question
A finder of goods is subject to the responsibility as a
Correct Answer
bailee
Your Answer
bailee
True/False
Question
Where a cheque is crossed specially, the banker to whom it
is crossed may again cross it specially to another banker, his agent,
for collection.
Correct Answer
True
Your Answer
True
Multiple Choice Multiple Answer
Question
In India, some of Negotiable Instruments by usage or custom
of trade are
Correct Answer
Government promissory notes , Bankers drafts , Pay
off orders
Your Answer
orders
Government promissory notes , Bankers drafts , Pay off
Select The Blank
Question
A Company subject to the provisions of section 32 of the
companies act as unlimited may register under this Act as a ________
Correct Answer
Limited company
Your Answer
Limited company
Multiple Choice Single Answer
Question
A sale which is a public sale where various buyers try to
buy the goods by outbidding each other is known as
Correct Answer
Auction sale
Your Answer
Auction sale
True/False
Question
Minor do not have the right of access to and to inspect and
copy any of the books of the firm
Correct Answer
True
Your Answer
False
Match The Following
Question Correct Answer Your Answer
Fact and Law The types of "Mistake" The types of "Mistake"
An order of the court asking a person to do or abstain from doing a
particular act, which is the subject matter of the contract Injuction
Order Injuction Order
The Indian Contract Act, 1872 applies to whole of India except the
state of Jammu and Kashmir Applicability Sector 63
An agreement enforceable by law Contract Contract
Select The Blank
Question
The ________ of 1986 is basically passed to protect the
interest of the consumer.
Correct Answer
Consumer Protection Act
Your Answer
Consumer Protection Act
True/False
Question
When agents delegate their authority to another for a
particular period for a particular task, they appoint substituted
agents.
Correct Answer
True
Your Answer
False
Multiple Choice Multiple Answer
Question
The memorandum of Association is the most important
document, it acts out
Correct Answer
The constitution , The formation , The objectives
Your Answer
The constitution , The objectives , The preamble
Select The Blank
Question
The Articles of Association controls ________ operations of
the company.
Correct Answer
internal
Your Answer
internal
True/False
Question
Subsidiary company can hold shares and can acquire
membership of the holding company.
Correct Answer
False
Your Answer
True
True/False
Question
The company cannot exceed the powers conferred on it by its
memorandum
Correct Answer
True
Your Answer
True
Multiple Choice Multiple Answer
Question
According to the Consumer Protection Act, 1986, a service
includes
Correct Answer
Financial service , Entertainment
Your Answer
Financial service , Entertainment
Select The Blank
Question
Any person who is of age of majority according to the law
to which he is a subject, may ________ an agent.
Correct Answer
appoint
Your Answer
appoint
Select The Blank
Question
A ________ is an artificial person and has a legal entity.
Correct Answer
Company
Your Answer
Company
Plain Text Attachment [ Download File | Save to my Yahoo! Briefcase ]
Multiple Choice Multiple Answer
Question
A Consumer has the following rights
Correct Answer
To get the education of the availability of legal
remedies , Seek redressal against unfair trade practices , To be
informed
about quality, quantity, potency, purity, standard and price of goods
Your Answer
To get the education of the availability of legal
remedies , Seek redressal against unfair trade practices , To be
informed
about quality, quantity, potency, purity, standard and price of goods
Multiple Choice Multiple Answer
Question
Agreement is a contract voidable at the option of the party
to an agreement to make a mistake as to
Correct Answer
the agreement , the contract subject to a specific
conditions , the subject matter of the thing
Your Answer
the contract subject to a specific conditions , the
subject matter of the thing , the substance of the thing which is
subject
matter of the agreement
Multiple Choice Multiple Answer
Question
Following are the conditions needed to prove an act of a
partner is an act of a partnership firm
Correct Answer
such a act be done in a ordinary course of a
partnership firm , it must be related to the business of the firm , act
must
have been done in the name and on behalf of the firm
Your Answer
such a act be done in a ordinary course of a partnership
firm , it must be related to the business of the firm , act must have
been done in the name and on behalf of the firm
Select The Blank
Question
Partnership business carried on continuous losses, the
court may order to ________ the firm.
Correct Answer
dissolve
Your Answer
dissolve
True/False
Question
No company shall be registered by a name which, in the
opinion of the central government is undesirable.
Correct Answer
True
Your Answer
True
True/False
Question
An insolvent person can accept or endorse a bill.
Correct Answer
False
Your Answer
False
Multiple Choice Multiple Answer
Question
Following are the elements which constitute a partnership
Correct Answer
there must be a contract regarding a partnership ,
there must be an association of two or more persons
Your Answer
there must be a contract regarding a partnership , the
main object of carry on the business must be sharing of liabilities ,
there must be an association of two or more persons
Select The Blank
Question
A valid tender of performance should be ________
Correct Answer
unconditional
Your Answer
unconditional
Multiple Choice Single Answer
Question
The feature of the Contingent Contracts is that they
Correct Answer
depend upon the circumstances, which makes them valid
or void
Your Answer
depend upon the circumstances, which makes them valid or
void
Match The Following
Question Correct Answer Your Answer
Minor Partner Admitted for profits only Admitted for profits only
Dissolution of a Partnership Death or Insanity of the partners Death or
Insanity of the partners
Firm Partners Partners
Partner Agents of the firm Agents of the firm
Partnership Can be formed at Will Can be formed at Will
Multiple Choice Multiple Answer
Question
Agent has duties towards principal including to
Correct Answer
conducting principal's business , rendering accounts
to principal , communicating with the principal
Your Answer
conducting principal's business , rendering accounts to
principal , communicating with the principal
True/False
Question
Companies can be registered with undesirable names.
Correct Answer
False
Your Answer
False
Multiple Choice Single Answer
Question
A contract with a pardanashin woman can be presumed to have
been induced by
Correct Answer
undue influence
Your Answer
undue influence
Multiple Choice Single Answer
Question
After the period of time is lapsed, the right to bring an
action is barred under the
Correct Answer
Limitation Act
Your Answer
Indian Contract Act
Multiple Choice Single Answer
Question
The capacity to contract with an agent is the part of the
law of
Correct Answer
statute
Your Answer
agency
Multiple Choice Multiple Answer
Question
Following persons can not be called partners
Correct Answer
minors , insolvents , co-owners without the agreement
to carry on the business
Your Answer
insolvents , co-onwers with the agreement to carry on
the business , co-owners without the agreement to carry on the business
Select The Blank
Question
A firm is a name given to the partners ________
Correct Answer
collectively
Your Answer
collectively
Multiple Choice Single Answer
Question
The partnership deed is required to drafted very carefully
and to be signed by
Correct Answer
all the partners
Your Answer
all the partners
Multiple Choice Single Answer
Question
A cheque is dishonoured by
Correct Answer
non payment only
Your Answer
non payment only
Multiple Choice Multiple Answer
Question
A company is
Correct Answer
A company is , An artificial legal person , A
separate legal entity
Your Answer
An artificial legal person , A separate legal entity
Select The Blank
Question
Section 13 of the Negotiable Instrument Act gives ________
of Negotiable Instrument.
Correct Answer
meaning
Your Answer
meaning
True/False
Question
General agents are the persons who enjoy a general
authority to do everything in the course of their agency.
Correct Answer
True
Your Answer
True
Multiple Choice Single Answer
Question
"An agreement creating and defining the obligations between
the parties is a contract", This was stated by
Correct Answer
Sir John Salmond
Your Answer
Sir John Salmond
Multiple Choice Multiple Answer
Question
An unregistered firm can bring an action in any court of
Law against
Correct Answer
a partner who steals the property of the partnership
firm , a partner who purposely damages the property of the partnership
firm
Your Answer
a partner who steals the property of the partnership
firm , a partner who purposely damages the property of the partnership
firm , a partner who wrongfully deals with the assets of the firm
Multiple Choice Multiple Answer
Question
Following are the persons who cannot enter into partnership
firm
Correct Answer
A Burmese Buddhist husband and wife carrying on
business , the members of Hindu Undivided Family carrying on Family
business
Your Answer
A Burmese Buddhist husband and wife carrying on business
True/False
Question
An intention to create legal relations is one of the most
important criterions to establish a contract.
Correct Answer
True
Your Answer
False
Multiple Choice Multiple Answer
Question
Following are the agencies of a three tier system of
consumer disputes redressal agencies
Correct Answer
State commission , National commission , District
Forum
Your Answer
State commission , National commission , District Forum
Multiple Choice Single Answer
Question
Misrepresentation means and includes
Correct Answer
positive assertion of that which is not true
Your Answer
positive assertion of that which is not true
Multiple Choice Single Answer
Question
Consumer Dispute Redressal Forum is a District Forum
established by
Correct Answer
the State Govt. in each District of the State by
Notification
Your Answer
the State Govt. in each District of the State by
Notification
Select The Blank
Question
An order of the court asking a person to do or to abstain
from doing a particular act, which is the subject matter of the
contract, is known as ________.
Correct Answer
Injuction
Your Answer
Injuction
Multiple Choice Multiple Answer
Question
In a sale if the seller becomes insolvent after a contract
of sale and the buyer has paid the price, the buyer can claim the goods
from the
Correct Answer
Official Assignee , Receiver
Your Answer
Official Assignee , Receiver
Multiple Choice Single Answer
Question
A finder of goods is subject to the responsibility as a
Correct Answer
bailee
Your Answer
bailee
True/False
Question
Where a cheque is crossed specially, the banker to whom it
is crossed may again cross it specially to another banker, his agent,
for collection.
Correct Answer
True
Your Answer
True
Multiple Choice Multiple Answer
Question
In India, some of Negotiable Instruments by usage or custom
of trade are
Correct Answer
Government promissory notes , Bankers drafts , Pay
off orders
Your Answer
orders
Government promissory notes , Bankers drafts , Pay off
Select The Blank
Question
A Company subject to the provisions of section 32 of the
companies act as unlimited may register under this Act as a ________
Correct Answer
Limited company
Your Answer
Limited company
Multiple Choice Single Answer
Question
A sale which is a public sale where various buyers try to
buy the goods by outbidding each other is known as
Correct Answer
Auction sale
Your Answer
Auction sale
True/False
Question
Minor do not have the right of access to and to inspect and
copy any of the books of the firm
Correct Answer
True
Your Answer
False
Match The Following
Question Correct Answer Your Answer
Fact and Law The types of "Mistake" The types of "Mistake"
An order of the court asking a person to do or abstain from doing a
particular act, which is the subject matter of the contract Injuction
Order Injuction Order
The Indian Contract Act, 1872 applies to whole of India except the
state of Jammu and Kashmir Applicability Sector 63
An agreement enforceable by law Contract Contract
Select The Blank
Question
The ________ of 1986 is basically passed to protect the
interest of the consumer.
Correct Answer
Consumer Protection Act
Your Answer
Consumer Protection Act
True/False
Question
When agents delegate their authority to another for a
particular period for a particular task, they appoint substituted
agents.
Correct Answer
True
Your Answer
False
Multiple Choice Multiple Answer
Question
The memorandum of Association is the most important
document, it acts out
Correct Answer
The constitution , The formation , The objectives
Your Answer
The constitution , The objectives , The preamble
Select The Blank
Question
The Articles of Association controls ________ operations of
the company.
Correct Answer
internal
Your Answer
internal
True/False
Question
Subsidiary company can hold shares and can acquire
membership of the holding company.
Correct Answer
False
Your Answer
True
True/False
Question
The company cannot exceed the powers conferred on it by its
memorandum
Correct Answer
True
Your Answer
True
Multiple Choice Multiple Answer
Question
According to the Consumer Protection Act, 1986, a service
includes
Correct Answer
Financial service , Entertainment
Your Answer
Financial service , Entertainment
Select The Blank
Question
Any person who is of age of majority according to the law
to which he is a subject, may ________ an agent.
Correct Answer
appoint
Your Answer
appoint
Select The Blank
Question
A ________ is an artificial person and has a legal entity.
Correct Answer
Company
Your Answer
Company
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Multiple Choice Multiple Answer
Question
A Consumer has the following rights
Correct Answer
To get the education of the availability of legal
remedies , Seek redressal against unfair trade practices , To be
informed
about quality, quantity, potency, purity, standard and price of goods
Your Answer
To get the education of the availability of legal
remedies , Seek redressal against unfair trade practices , To be
informed
about quality, quantity, potency, purity, standard and price of goods
Multiple Choice Multiple Answer
Question
Agreement is a contract voidable at the option of the party
to an agreement to make a mistake as to
Correct Answer
the agreement , the contract subject to a specific
conditions , the subject matter of the thing
Your Answer
the contract subject to a specific conditions , the
subject matter of the thing , the substance of the thing which is
subject
matter of the agreement
Multiple Choice Multiple Answer
Question
Following are the conditions needed to prove an act of a
partner is an act of a partnership firm
Correct Answer
such a act be done in a ordinary course of a
partnership firm , it must be related to the business of the firm , act
must
have been done in the name and on behalf of the firm
Your Answer
such a act be done in a ordinary course of a partnership
firm , it must be related to the business of the firm , act must have
been done in the name and on behalf of the firm
Select The Blank
Question
Partnership business carried on continuous losses, the
court may order to ________ the firm.
Correct Answer
dissolve
Your Answer
dissolve
True/False
Question
No company shall be registered by a name which, in the
opinion of the central government is undesirable.
Correct Answer
True
Your Answer
True
True/False
Question
An insolvent person can accept or endorse a bill.
Correct Answer
False
Your Answer
False
Multiple Choice Multiple Answer
Question
Following are the elements which constitute a partnership
Correct Answer
there must be a contract regarding a partnership ,
there must be an association of two or more persons
Your Answer
there must be a contract regarding a partnership , the
main object of carry on the business must be sharing of liabilities ,
there must be an association of two or more persons
Select The Blank
Question
A valid tender of performance should be ________
Correct Answer
unconditional
Your Answer
unconditional
Multiple Choice Single Answer
Question
The feature of the Contingent Contracts is that they
Correct Answer
depend upon the circumstances, which makes them valid
or void
Your Answer
depend upon the circumstances, which makes them valid or
void
Match The Following
Question Correct Answer Your Answer
Minor Partner Admitted for profits only Admitted for profits only
Dissolution of a Partnership Death or Insanity of the partners Death or
Insanity of the partners
Firm Partners Partners
Partner Agents of the firm Agents of the firm
Partnership Can be formed at Will Can be formed at Will
Multiple Choice Multiple Answer
Question
Agent has duties towards principal including to
Correct Answer
conducting principal's business , rendering accounts
to principal , communicating with the principal
Your Answer
conducting principal's business , rendering accounts to
principal , communicating with the principal
True/False
Question
Companies can be registered with undesirable names.
Correct Answer
False
Your Answer
False
Multiple Choice Single Answer
Question
A contract with a pardanashin woman can be presumed to have
been induced by
Correct Answer
undue influence
Your Answer
undue influence
Multiple Choice Single Answer
Question
After the period of time is lapsed, the right to bring an
action is barred under the
Correct Answer
Limitation Act
Your Answer
Indian Contract Act
Multiple Choice Single Answer
Question
The capacity to contract with an agent is the part of the
law of
Correct Answer
statute
Your Answer
agency
Multiple Choice Multiple Answer
Question
Following persons can not be called partners
Correct Answer
minors , insolvents , co-owners without the agreement
to carry on the business
Your Answer
insolvents , co-onwers with the agreement to carry on
the business , co-owners without the agreement to carry on the business
Select The Blank
Question
A firm is a name given to the partners ________
Correct Answer
collectively
Your Answer
collectively
Multiple Choice Single Answer
Question
The partnership deed is required to drafted very carefully
and to be signed by
Correct Answer
all the partners
Your Answer
all the partners
Multiple Choice Single Answer
Question
A cheque is dishonoured by
Correct Answer
non payment only
Your Answer
non payment only
Multiple Choice Multiple Answer
Question
A company is
Correct Answer
A company is , An artificial legal person , A
separate legal entity
Your Answer
An artificial legal person , A separate legal entity
Select The Blank
Question
Section 13 of the Negotiable Instrument Act gives ________
of Negotiable Instrument.
Correct Answer
meaning
Your Answer
meaning
True/False
Question
General agents are the persons who enjoy a general
authority to do everything in the course of their agency.
Correct Answer
True
Your Answer
True
Multiple Choice Single Answer
Question
"An agreement creating and defining the obligations between
the parties is a contract", This was stated by
Correct Answer
Sir John Salmond
Your Answer
Sir John Salmond
Multiple Choice Multiple Answer
Question
An unregistered firm can bring an action in any court of
Law against
Correct Answer
a partner who steals the property of the partnership
firm , a partner who purposely damages the property of the partnership
firm
Your Answer
a partner who steals the property of the partnership
firm , a partner who purposely damages the property of the partnership
firm , a partner who wrongfully deals with the assets of the firm
Multiple Choice Multiple Answer
Question
Following are the persons who cannot enter into partnership
firm
Correct Answer
A Burmese Buddhist husband and wife carrying on
business , the members of Hindu Undivided Family carrying on Family
business
Your Answer
A Burmese Buddhist husband and wife carrying on business
True/False
Question
An intention to create legal relations is one of the most
important criterions to establish a contract.
Correct Answer
True
Your Answer
False
Multiple Choice Multiple Answer
Question
Following are the agencies of a three tier system of
consumer disputes redressal agencies
Correct Answer
State commission , National commission , District
Forum
Your Answer
State commission , National commission , District Forum
Multiple Choice Single Answer
Question
Misrepresentation means and includes
Correct Answer
positive assertion of that which is not true
Your Answer
positive assertion of that which is not true
Multiple Choice Single Answer
Question
Consumer Dispute Redressal Forum is a District Forum
established by
Correct Answer
the State Govt. in each District of the State by
Notification
Your Answer
the State Govt. in each District of the State by
Notification
Select The Blank
Question
An order of the court asking a person to do or to abstain
from doing a particular act, which is the subject matter of the
contract, is known as ________.
Correct Answer
Injuction
Your Answer
Injuction
Multiple Choice Multiple Answer
Question
In a sale if the seller becomes insolvent after a contract
of sale and the buyer has paid the price, the buyer can claim the goods
from the
Correct Answer
Official Assignee , Receiver
Your Answer
Official Assignee , Receiver
Multiple Choice Single Answer
Question
A finder of goods is subject to the responsibility as a
Correct Answer
bailee
Your Answer
bailee
True/False
Question
Where a cheque is crossed specially, the banker to whom it
is crossed may again cross it specially to another banker, his agent,
for collection.
Correct Answer
True
Your Answer
True
Multiple Choice Multiple Answer
Question
In India, some of Negotiable Instruments by usage or custom
of trade are
Correct Answer
Government promissory notes , Bankers drafts , Pay
off orders
Your Answer
orders
Government promissory notes , Bankers drafts , Pay off
Select The Blank
Question
A Company subject to the provisions of section 32 of the
companies act as unlimited may register under this Act as a ________
Correct Answer
Limited company
Your Answer
Limited company
Multiple Choice Single Answer
Question
A sale which is a public sale where various buyers try to
buy the goods by outbidding each other is known as
Correct Answer
Auction sale
Your Answer
Auction sale
True/False
Question
Minor do not have the right of access to and to inspect and
copy any of the books of the firm
Correct Answer
True
Your Answer
False
Match The Following
Question Correct Answer Your Answer
Fact and Law The types of "Mistake" The types of "Mistake"
An order of the court asking a person to do or abstain from doing a
particular act, which is the subject matter of the contract Injuction
Order Injuction Order
The Indian Contract Act, 1872 applies to whole of India except the
state of Jammu and Kashmir Applicability Sector 63
An agreement enforceable by law Contract Contract
Select The Blank
Question
The ________ of 1986 is basically passed to protect the
interest of the consumer.
Correct Answer
Consumer Protection Act
Your Answer
Consumer Protection Act
True/False
Question
When agents delegate their authority to another for a
particular period for a particular task, they appoint substituted
agents.
Correct Answer
True
Your Answer
False
Multiple Choice Multiple Answer
Question
The memorandum of Association is the most important
document, it acts out
Correct Answer
The constitution , The formation , The objectives
Your Answer
The constitution , The objectives , The preamble
Select The Blank
Question
The Articles of Association controls ________ operations of
the company.
Correct Answer
internal
Your Answer
internal
True/False
Question
Subsidiary company can hold shares and can acquire
membership of the holding company.
Correct Answer
False
Your Answer
True
True/False
Question
The company cannot exceed the powers conferred on it by its
memorandum
Correct Answer
True
Your Answer
True
Multiple Choice Multiple Answer
Question
According to the Consumer Protection Act, 1986, a service
includes
Correct Answer
Financial service , Entertainment
Your Answer
Financial service , Entertainment
Select The Blank
Question
Any person who is of age of majority according to the law
to which he is a subject, may ________ an agent.
Correct Answer
appoint
Your Answer
appoint
Select The Blank
Question
A ________ is an artificial person and has a legal entity.
Correct Answer
Company
Your Answer
Company