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

71.
Minimum number of members in case of private company.

A. 2

B. 3

C. 5

D. 7

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72.
Agreement to do an impossible act is:

A. voidable at the option of the promisor

B. void

C. valid

D. voidable at the option of the promise

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73.
As per section 147 of the Negotiable Instruments Act, 1881, every offence punishable under the Act are:

A. Compoundable

B. Non-compoundable

C. Cognizable

D. Both B and C above

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74.
Section 32 of the Competition Act, deals with

A. international cartel

B. power to impose lesser penalty

C. establishment of commission

D. composition of commission

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75.
Assessment of duty and obtaining refunds is one of the functions of company secretary which is associated with:

A. Corporate laws advisory services

B. Tax planning and management services

C. Corporate restructuring services

D. Financial services

E. Personnel and other matters

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76.
The undertaking contained in a promissory note, to pay a certain sum of money is:

A. Conditional

B. Unconditional

C. May be conditional or unconditional depending upon the circumstances

D. None of the above

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77.
To become a director in a company the person must obtain a:

A. Business License

B. Director's License

C. TIN

D. DIN

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78.
When does the property in the goods pass to the buyer in case of contract for the sale of specific or ascertained goods?

A. When the contract for sale is made

B. When the parties to the contract intend it to be transferred

C. When the price is paid for the goods

D. When the delivery of goods has been made

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79.
Customer opinions about using internet are example of which environment factors?

A. Political

B. Social

C. Economic

D. Technological

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80.
A contracts with B to grow a crop of indigo on A's land and to deliver it to B at a fixed rate and C guarantee A's performance of this contract. B diverts a stream of water which is necessary for irrigation of A's land and thereby prevents him from raising the indigo.

A. A is liable on his guarantee

B. A is partly liable on his guarantee

C. A is no longer liable on his guarantee

D. None of the above

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

71. Minimum number of members in case of private company.

Answer & Solution

72. Agreement to do an impossible act is:

Answer & Solution

73. As per section 147 of the Negotiable Instruments Act, 1881, every offence punishable under the Act are:

Answer & Solution

74. Section 32 of the Competition Act, deals with

Answer & Solution

75. Assessment of duty and obtaining refunds is one of the functions of company secretary which is associated with:

Answer & Solution

76. The undertaking contained in a promissory note, to pay a certain sum of money is:

Answer & Solution

77. To become a director in a company the person must obtain a:

Answer & Solution

78. When does the property in the goods pass to the buyer in case of contract for the sale of specific or ascertained goods?

Answer & Solution

79. Customer opinions about using internet are example of which environment factors?

Answer & Solution

80. A contracts with B to grow a crop of indigo on A's land and to deliver it to B at a fixed rate and C guarantee A's performance of this contract. B diverts a stream of water which is necessary for irrigation of A's land and thereby prevents him from raising the indigo.

Answer & Solution

Read More Section(Legal Aspects of Business)

71.
Minimum number of members in case of private company.

72.
Agreement to do an impossible act is:

73.
As per section 147 of the Negotiable Instruments Act, 1881, every offence punishable under the Act are:

74.
Section 32 of the Competition Act, deals with

75.
Assessment of duty and obtaining refunds is one of the functions of company secretary which is associated with:

76.
The undertaking contained in a promissory note, to pay a certain sum of money is:

77.
To become a director in a company the person must obtain a:

78.
When does the property in the goods pass to the buyer in case of contract for the sale of specific or ascertained goods?

79.
Customer opinions about using internet are example of which environment factors?

80.
A contracts with B to grow a crop of indigo on A's land and to deliver it to B at a fixed rate and C guarantee A's performance of this contract. B diverts a stream of water which is necessary for irrigation of A's land and thereby prevents him from raising the indigo.