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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-4 section-3

Each section contains 100 MCQs on Legal Aspects of Business .
31
Statement I A cheque is an unconditional order to a specified banker to pay the sum mentioned in the cheque.
Statement II A cheque can be drawn only by a person who has his account with bank while a bill can be drawn by any person.
Statement III A cheque may be crossed but a bill of exchange can not be crossed.
Which of the following statement(s) is/are true?
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Answer & Solution
Answer: Option D
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32
Which of the following is a mode of discharge of a negotiable instrument?
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Answer & Solution
Answer: Option D
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33
Which of the following principles is applicable to trademarks?
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Answer & Solution
Answer: Option D
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34
When a party to instrument refuses to accept or pay the instrument, it is called . . . . . . . . of negotiable instrument.
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Answer & Solution
Answer: Option A
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35
A cheque which is truncated during the process of clearing cycle is called:
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Answer & Solution
Answer: Option D
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36
Which of the following sections of the IT Act, 2000 deal for Credit card fraud?
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Answer & Solution
Answer: Option C
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37
Which one is not the statutory qualification for appointment as a Company Secretary of a company having the paid up share capital of less than Rs. 200 lakhs?
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Answer & Solution
Answer: Option A
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38
Quasi-contract is a
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Answer: Option B
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39
When after the formation of a valid contract, an event happens which makes the performance of contract impossible, the contract becomes
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Answer & Solution
Answer: Option B
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40
A company that wishes to ensure that no one else can use their logo, basically refers to:
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Answer & Solution
Answer: Option B
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