Legal Aspects of Business MCQ Questions and Solutions with Explanations

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61.
A Public Information Officer will be liable to be imposed a monetary penalty for

A. refusal to receive an information application

B. not providing information within specified time limits

C. destroying information

D. All of the above

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62.
While inquiring into a complaint, Information Commissions have the power to:

A. receive evidence on affidavit

B. requisition record or copies thereof from any court or office

C. issue summons for examination of witnesses or documents

D. all of them

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63.
Which of the following is called 'Anticipatory Breach of Contract'?

A. Suit for price

B. Suit for damages for non-acceptance

C. Repudiation of contract before due date

D. Suit for interest

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64.
Proxy is appointed by a shareholder:

A. To speak and vote at the meeting of the shareholders

B. To speak at the meeting of the shareholders

C. To vote at the meeting of shareholders

D. To attend the meeting of shareholders without the right to speak and vote

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65.
Which of the following does not constitute infringement under Section 52 of Copyright Act?

A. Back up copy

B. Review

C. Reading extract in public

D. All of these

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66.
Duties of a company's statutory auditors are determined by:

A. Memorandum of Association

B. Article of Association

C. Companies Act, 1956

D. Agreement between company and the auditor

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67.
The long title of the RTI Act, seeks to promote the following quality (qualities) in the working of every public authority

A. transparency

B. efficiency

C. punctuality

D. All of these

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68.
What is contract of indemnity?

A. A contract by which one party promises to save any third party from loss caused to that party by the contract of the promisor himself, or by the conduct of any other person

B. A contract by which one party promises to provide insurance to the other in order to cover up any losses that may arise in the contract

C. A contract by which one party promises to save the other from loss caused to him by the contract of the promisor himself, or by the conduct of any other person

D. A contracting which one party appoints a guarantor to cover up any losses that may arise in the contract

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69.
If the interests of a third party are involved in information sought for, the maximum time limit to get the information will be

A. 30 days

B. 40 days

C. 45 days

D. 60 days

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70.
Mr. X, a builder, contracts to erect and finish a house by the 1^st January, in order that Mr. B may give possession of it at that time to Mr. C, to whom Mr. B has contracted to let it. Mr. A is informed of the contract between Mr. B and Mr. C. Mr. A builds the house so badly that, before the 1^st January, it falls down and has to be rebuild by Mr. B, who in consequence, loses the rent which he have received from Mr. C and is obliged to make compensation to Mr. C for the breach of his contract.

A. Mr. A must make compensation to Mr. B for the cost of rebuilding the house

B. Mr. A must take compensation to Mr. B for the rent lost

C. Mr. A must make compensation to Mr. B for the compensation made to Mr. C

D. All of the above

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

61. A Public Information Officer will be liable to be imposed a monetary penalty for

Answer & Solution

62. While inquiring into a complaint, Information Commissions have the power to:

Answer & Solution

63. Which of the following is called 'Anticipatory Breach of Contract'?

Answer & Solution

64. Proxy is appointed by a shareholder:

Answer & Solution

65. Which of the following does not constitute infringement under Section 52 of Copyright Act?

Answer & Solution

66. Duties of a company's statutory auditors are determined by:

Answer & Solution

67. The long title of the RTI Act, seeks to promote the following quality (qualities) in the working of every public authority

Answer & Solution

68. What is contract of indemnity?

Answer & Solution

69. If the interests of a third party are involved in information sought for, the maximum time limit to get the information will be

Answer & Solution

Answer & Solution

Read More Section(Legal Aspects of Business)

61.
A Public Information Officer will be liable to be imposed a monetary penalty for

62.
While inquiring into a complaint, Information Commissions have the power to:

63.
Which of the following is called 'Anticipatory Breach of Contract'?

64.
Proxy is appointed by a shareholder:

65.
Which of the following does not constitute infringement under Section 52 of Copyright Act?

66.
Duties of a company's statutory auditors are determined by:

67.
The long title of the RTI Act, seeks to promote the following quality (qualities) in the working of every public authority

68.
What is contract of indemnity?

69.
If the interests of a third party are involved in information sought for, the maximum time limit to get the information will be