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-4 section-5

The details of outward supplies of goods or services shall be submitted by

A) 10^th of the succeeding month B) 15^th of the succeeding month C) 18^th of the succeeding month D) 20^th of the succeeding month

Discuss

Answer & Solution

Answer: Option A

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

What protects the intellectual property created by designers?

A) Copyright B) Geographical indications C) Patents D) Registered designs

Discuss

Answer & Solution

Answer: Option D

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

A Community Interest Company (CIC) can be set up as which of the following?

A) A private company limited by guarantee only B) A private company limited by shares or a private company limited by guarantee only C) A private or public company limited by shares or a private company limited by guarantee D) None of the above, it is a type of partnership

Discuss

Answer & Solution

Answer: Option C

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

On which of the following days, the Information Technology Act 2000 was enacted?

A) 17^th October, 2000 B) 17^th October, 2001 C) 11^th November, 2000 D) 11^th November, 2001

Discuss

Answer & Solution

Answer: Option A

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

When liability of a party under an instrument comes to an end, he is said to be

A) discharged B) released C) waived D) None of these

Discuss

Answer & Solution

Answer: Option A

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

After introduction of GST import into India is:

A) Subject to IGST plus BCD B) Subject to CGST plus SGST plus BCD C) Zero rated D) SGST plus CGST plus IGST plus BCD

Discuss

Answer & Solution

Answer: Option A

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

In which of the following terms, we use the words 'consensus-ad-idem'?

A) Proposal B) Offer C) Certainty of terms D) Agreement

Discuss

Answer & Solution

Answer: Option D

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

Choose the correct option for the following statements being correct or incorrect.
Statement I: Intellectual Property (IP) is a category of property that includes intangible creations of the human intellect.
Statement II: IPR does not include trade secrets and moral rights.

A) Both the statements I and II are incorrect B) Statement II is correct, but I is incorrect C) Both the statements I and II are correct D) Statement I is correct, but II is incorrect

Discuss

Answer & Solution

Answer: Option D

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

How many parties are there to a promissory note?

A) 2 B) 3 C) 1 D) 4

Discuss

Answer & Solution

Answer: Option A

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

When is the promise said to be an express promise?

A) When the proposal or acceptance of any promise is made through visual representation B) When the proposal or acceptance of any promise is made in any way other than words C) When the proposal or acceptance of any promise is made in words D) When the proposal or acceptance is made by either in words or in any way other than words

Discuss

Answer & Solution

Answer: Option C

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