Legal Aspects of Business MCQ Questions and Solutions with Explanations

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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-6

Each section contains 100 MCQs on Legal Aspects of Business .

Company Secretary is an agent of

A) Managing Director B) Shareholders C) Board of Directors D) Promoters

Discuss

Answer & Solution

Answer: Option C

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

Where the seller wrongfully neglects or refuses to deliver the goods to the buyer, the buyer may sue the seller for:

A) damages for non-delivery B) damages for non-acceptance C) specific performance D) compensation

Discuss

Answer & Solution

Answer: Option A

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

Sec. 2(45) rule, 1988 provided that every company having a paid up share capital of not less than . . . . . . . . must have a whole time secretary.

A) One crore B) Two crore C) Four crore D) Six crore E) Ten crore

Discuss

Answer & Solution

Answer: Option B

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

Which organisation attends to cyber squatting related cases?

A) ITO B) ITA C) WIPO D) PCT

Discuss

Answer & Solution

Answer: Option C

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

Which of the following is not a justified ground of dishonouring of cheque by banker?

A) The cheque is post-dated and presented before the ostensible date B) The banker had sufficient funds, but the funds are not properly applicable towards the payment of the cheque C) If the cheque is altered in parts D) If the cheque is duly presented

Discuss

Answer & Solution

Answer: Option D

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

Where a seller has been paid by cheque and cheque has been dishonoured by bank, seller is called

A) fully paid seller B) unpaid seller C) only seller D) None of these

Discuss

Answer & Solution

Answer: Option B

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

A owes B Rs. 5,000. C pays to B Rs. 100 and B accepts them, in satisfaction of his claim on A. What is the status of payment?

A) This payment is a partial discharge of the whole claim B) This payment is a discharge of the whole claim C) This payment is not a discharge of the whole claim D) None of the above

Discuss

Answer & Solution

Answer: Option B

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

Which of the following is NOT a presumption about a negotiable instrument?

A) Date B) Consideration C) Stamp D) Absolute and good title to the transferee

Discuss

Answer & Solution

Answer: Option D

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

What needs to be done before a copyrighted book may be printed?

A) The book must be registered with the copyright office B) Consent of the copyright owner must be obtained C) The copyright symbol must be affixed to the book D) None of the above

Discuss

Answer & Solution

Answer: Option B

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

100

The essential function of this IPR is to exclusively identify the commercial source or origin of products or services, so this IPR indicates source or serves as a badge of origin. Identify,

A) Patent B) Geographical Indicator C) Industrial Design D) Trademark

Discuss

Answer & Solution

Answer: Option D

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

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