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-5 section-11

Each section contains 100 MCQs on Legal Aspects of Business .

Business vertical refers to:

A) Joint venture B) Different businesses within a group C) Competitors in business D) All of the above

Discuss

Answer & Solution

Answer: Option B

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

The President of India can remove the Chief Information Commissioner on the basis of which of the following grounds?
1. Insolvent
2. Involved in any paid employment outside is office
3. Unfit to continue in office due to infirmity of mind and body
4. Proved misbehaviour or incapacity

A) Only 1 and 4 B) Only 3 and 4 C) Only 1 and 3 D) All 1, 2, 3, 4

Discuss

Answer & Solution

Answer: Option D

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

For the acts of a person appointed as a sub-agent by the agent without having an authority to do so:

A) the agent is responsible to the sub-agent only B) the agent is responsible to the principal only C) the agent is responsible to third person only D) the agent is responsible to both the principal and third person

Discuss

Answer & Solution

Answer: Option D

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

Complete the following sentence.
Unless otherwise agreed, the goods remain at seller's risk until:

A) the goods have been delivered to the buyer B) the goods have been utilised by the buyer C) the price to the goods has been received by seller D) the property therein has been transferred to the buyer

Discuss

Answer & Solution

Answer: Option D

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

In a promissory note, the amount of money payable:

A) must be certain B) may be certain or uncertain C) is usually uncertain D) is always negotiable

Discuss

Answer & Solution

Answer: Option A

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

India has chosen . . . . . . . . model of dual GST.

A) Canadian B) Cuba C) Belize D) Nicaragua

Discuss

Answer & Solution

Answer: Option A

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

Tire term quasi-contract is used in Indian Contract Act in

A) Section 68 to 72 B) Section 69 C) Section 71 D) None of these

Discuss

Answer & Solution

Answer: Option D

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

The object of winding-up of a company by the tribunal is:

A) to facilitate the protection of its assets B) to convert the company into private company, if it is a public company C) to convert the company into public company, if it is a private company D) to change the Memorandum of Association and Articles of Association

Discuss

Answer & Solution

Answer: Option A

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

A person supplying 'necessaries' to an incompetent person is entitled to be reimbursed from the

A) incompetent person personally B) parents of incompetent person C) property of incompetent person D) funds with the State Government

Discuss

Answer & Solution

Answer: Option C

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

Capital profits are related to

A) Premium on issue of shares B) Profit prior to incorporation C) Premium on issue of debentures D) All of the above

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