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-3 section-5

Each section contains 100 MCQs on Legal Aspects of Business .

Which of the following can be taken as the duties of a bailee?
1. To take reasonable care of the goods
2. Not to make unauthorized use of goods
3. Not to mix goods bailed with his/her own goods
4. To return the goods bailed
5. To return increase or profit accrued

A) 1, 2 and 4 B) 2, 3, 4 and 5 C) 1, 3 and 4 D) 1, 2, 3, 4 and 5

Discuss

Answer & Solution

Answer: Option D

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

Any guarantee which the creditor has obtained by means of keeping silence as to material circumstances is:

A) valid B) considered to be his approval C) invalid D) considered to be his denial

Discuss

Answer & Solution

Answer: Option C

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

Which of the following section deals with dishonour by non-payment?

A) Section 92 B) Section 91 C) Section 138 D) Section 140

Discuss

Answer & Solution

Answer: Option A

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

Which section of Copyright Act defines copyright?

A) Section 14 B) Section 15 C) Section 16 D) Section 17

Discuss

Answer & Solution

Answer: Option A

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

Companies Act was enacted in the year

A) 1950 B) 1952 C) 1956 D) 1958

Discuss

Answer & Solution

Answer: Option C

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

GST is a matter of jurisdiction of

A) Union Government B) State Government C) Both centre and state government D) None of these

Discuss

Answer & Solution

Answer: Option C

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

Doctrine of constructive notice protects the interests of the

A) Company B) Shareholder C) Creditor D) Government

Discuss

Answer & Solution

Answer: Option A

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

In case of sale, if goods are destroyed loss will be of

A) buyer B) seller C) third party D) None of these

Discuss

Answer & Solution

Answer: Option B

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

For which of the following statements, a Public Information Officers can be penalized by an Information Commission?

A) They deny information in a malafide manner B) Obstructed furnishing information C) Knowingly gave incorrect, incomplete or misleading information D) All of these

Discuss

Answer & Solution

Answer: Option D

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

As per SEBI guidelines, on issue of shares, the application money should not be less than

A) 10% of the nominal value of shares B) 10% of the issue price of the shares C) 25% of the nominal value of shares D) 25% of the issue price of the shares

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