Legal Aspects of Business MCQ Questions and Solutions with Explanations

Legal Aspects of Business MCQ Questions and Solutions with Explanations | Commerce

Legal Aspects of Business MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Legal Aspects of Business MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-10 section-3

Which section of IT Act 2000 deals with the punishment for cheating by impersonation by using computer resources?

A) Section 66D B) Section 66C C) Section 66F D) Section 66B

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

As far as GST decisions are concerned, there can't be any decision without collaboration of Centre and states. To ensure that decisions of GST Council will be based on the following majority of the votes cast?

A) $${\frac{2}{3}^{{\text{rd}}}}$$ of votes cast B) $${\frac{1}{2}^{{\text{nd}}}}$$ of votes cast C) $${\frac{3}{4}^{{\text{th}}}}$$ of votes cast D) None of these

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Which section of IT Act deals with hacking of computer systems and its penalties?

A) Section 62 B) Section 63 C) Section 64 D) Section 66

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Which of the following as per the Competition Act, 2002 refers to any agreement to sell goods on condition that the prices to be charged on the resale by the purchaser shall be the prices stipulated by the seller unless it is clearly stated that prices lower than those prices may be charged?

A) Tie-in-arrangement B) Exclusive supply agreement C) Exclusive distribution agreement D) Resale price maintenance

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Which of the following is an essential of promissory note?

A) Written B) Certain Sum C) Unconditional promise to pay D) All of the above

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

How long before an item loses its copyright?

A) 25 years B) 50 years C) 75 years D) 100 years

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

As per section 2(e) of the Indian Contract Act, Every promise and every set of promise forming the consideration for each other is a/an:

A) contract B) agreement C) offer D) acceptance

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

According to the 'RTI Act, 2005', as far as exempted organizations are concerned, the exemption applies to:

A) certain organizations of the Central Government as listed in the 2^nd Schedule and to the information submitted by these organizations to this Government B) certain organizations of the State Governments as may be notified by them in the Official Gazette, but NOT to the information furnished by these organizations to the respective State Governments C) both A and B D) none of the above

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

In case of breach of contract of sale of some rare article or thing for which there is no substitute in the market, the Court may grant:

A) Quantum Meruit B) Rescission C) Injunction D) Specific Performance

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

100

Every listed public company must have at least . . . . . . . . of total number of directors as independent directors.

A) $$\frac{1}{3}$$ B) $$\frac{2}{3}$$ C) $$\frac{1}{5}$$ D) $$\frac{1}{2}$$

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board