Legal Aspects of Business MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7 Section 8 Section 9 Section 10 Section 11

11.
Which of the following can be taken as the start point of a 'contract'?

A. Proposal

B. Acceptance

C. Agreement

D. Anyone of the above

Answer & Solution Discuss in Board Save for Later

12.
Which of the following section in the Negotiable Instruments Act deals with the Bill of Exchange?

A. Section 5

B. Section 6

C. Section 4

D. Section 8

Answer & Solution Discuss in Board Save for Later

13.
A sub-agent is a person employed by and acting under the control of

A. the principal

B. the original agent in the business of agency

C. Both A and B

D. Neither A nor B

Answer & Solution Discuss in Board Save for Later

14.
Under GST law, the aggregate turnover of a dealer is determined on the basis of

A. State-wise

B. Pan India

C. Region wise

D. It lies at the discretion of central government

Answer & Solution Discuss in Board Save for Later

15.
In case of breach of contract, which of the following remedy is available to the aggrieved party?

A. Suit for rescission

B. Suit for damages

C. Suit for specific performance

D. All of the above

Answer & Solution Discuss in Board Save for Later

16.
This system helps manufacturers, traders and transporters to generate bills for the goods transported from the place of its origin to its destination on a common portal with ease. Tax authorities are also benefited as this system has reduced time at check posts and helps reduce tax evasion. This system is called:

A. e-way bill system

B. e-invoicing system

C. RFID system

D. e-logistic system

Answer & Solution Discuss in Board Save for Later

17.
Which among the following is NOT considered as an objective of Secretarial Audit?

A. To check and report on Compliances

B. To point out Non-Compliances and inadequate Compliances

C. To protect the interest of the customers, employees, society etc

D. To check and verify personally all financial and cost data

E. To avoid any unwarranted legal actions by law enforcing agencies and other persons

Answer & Solution Discuss in Board Save for Later

18.
GST is levied on

A. manufacturers

B. retailers

C. Consumers

D. All of these

Answer & Solution Discuss in Board Save for Later

19.
Which of the following does not fall in the category of 'goods'?

A. Stock and shares

B. Money and actionable claims

C. Growing crops and grass

D. Things attached to or forming the part of land which are agreed to be severed before sale or under contract of sale

Answer & Solution Discuss in Board Save for Later

20.
To qualify for copyright protection, what must the work be?

A. Original, creative to a minimal degree and in a fixed or tangible form of expression

B. Something that is deemed useful by the public

C. Anything

D. All of the above

Answer & Solution Discuss in Board Save for Later

1 2 3 4 5 6 7 8 9 10

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

11. Which of the following can be taken as the start point of a 'contract'?

Answer & Solution

12. Which of the following section in the Negotiable Instruments Act deals with the Bill of Exchange?

Answer & Solution

13. A sub-agent is a person employed by and acting under the control of

Answer & Solution

14. Under GST law, the aggregate turnover of a dealer is determined on the basis of

Answer & Solution

15. In case of breach of contract, which of the following remedy is available to the aggrieved party?

Answer & Solution

Answer & Solution

17. Which among the following is NOT considered as an objective of Secretarial Audit?

Answer & Solution

18. GST is levied on

Answer & Solution

19. Which of the following does not fall in the category of 'goods'?

Answer & Solution

20. To qualify for copyright protection, what must the work be?

Answer & Solution

Read More Section(Legal Aspects of Business)

11.
Which of the following can be taken as the start point of a 'contract'?

12.
Which of the following section in the Negotiable Instruments Act deals with the Bill of Exchange?

13.
A sub-agent is a person employed by and acting under the control of

14.
Under GST law, the aggregate turnover of a dealer is determined on the basis of

15.
In case of breach of contract, which of the following remedy is available to the aggrieved party?

17.
Which among the following is NOT considered as an objective of Secretarial Audit?

18.
GST is levied on

19.
Which of the following does not fall in the category of 'goods'?

20.
To qualify for copyright protection, what must the work be?