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

41.
Business vertical refers to:

A. Joint venture

B. Different businesses within a group

C. Competitors in business

D. All of the above

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42.
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

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43.
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

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44.
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

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45.
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

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46.
India has chosen . . . . . . . . model of dual GST.

A. Canadian

B. Cuba

C. Belize

D. Nicaragua

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47.
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

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48.
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

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49.
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

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50.
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

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

41. Business vertical refers to:

Answer & Solution

42. 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

Answer & Solution

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

Answer & Solution

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

Answer & Solution

45. In a promissory note, the amount of money payable:

Answer & Solution

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

Answer & Solution

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

Answer & Solution

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

Answer & Solution

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

Answer & Solution

50. Capital profits are related to

Answer & Solution

Read More Section(Legal Aspects of Business)

41.
Business vertical refers to:

42.
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

43.
For the acts of a person appointed as a sub-agent by the agent without having an authority to do so:

44.
Complete the following sentence.
Unless otherwise agreed, the goods remain at seller's risk until:

45.
In a promissory note, the amount of money payable:

46.
India has chosen . . . . . . . . model of dual GST.

47.
Tire term quasi-contract is used in Indian Contract Act in

48.
The object of winding-up of a company by the tribunal is:

49.
A person supplying 'necessaries' to an incompetent person is entitled to be reimbursed from the

50.
Capital profits are related to