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

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91.
What is the role of Section 135 of the Trademarks Act, 1999?

A. Injunction relief

B. Evidence preservation

C. Infringement relief

D. Real of infringement suit

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92.
The law of contract is nothing but

A. a child of religion

B. a child of commercial dealing

C. a child of economics

D. a child of day to day politics

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93.
A . . . . . . . . is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen.

A. Contingent contract

B. Quasi Contract

C. Express of Implied Contract

D. Indemnity Contract

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94.
As per Articles of Association of the company the directors can borrow up to Rs. 10,000 without getting approval from the general meeting. The directors have lend Rs. 50,000 to the company without any approval of the general meeting and took debentures. The company would be liable for:

A. 50,000

B. 60,000

C. 10,000

D. 40,000

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95.
Which is not the condition fulfilled before a seller is deemed to be an unpaid seller?

A. He must be unpaid either wholly or partly

B. He must have not refused payment when tendered

C. He must have sold goods against cash or in exchange of other things

D. He must have an immediate right of action for the price

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96.
The centre has to offer states a GST Compensation package. What is the validity period of Centre compensation package to states when GST was implemented in 2017 that are to be paid on bimonthly basis to states in case required?

A. Three years

B. Five years

C. Seven years

D. No fixed time period

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97.
Which of the following is not a characteristic of a company?

A. Non corporate body

B. Artificial personality

C. Perpetual succession

D. Separate legal existence

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98.
Which of the following officers can sign on behalf of the company:

A. Managing Director

B. Auditor

C. Executive President

D. Secretary

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99.
Tax is calculated only on the value-addition at each stage of the transfer of ownership, in case of GST. This helps in reduction of inflation as well. It is basically called reduction of:

A. Cascading effect

B. Excise duty

C. Custom duty

D. Octroi duty

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100.
SGST is applicable when:

A. Goods are sold within a state

B. Goods are sold from one GST dealer to a customer

C. Goods are sold by a GST dealer to another GST dealer

D. Interstate supply

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

91. What is the role of Section 135 of the Trademarks Act, 1999?

Answer & Solution

92. The law of contract is nothing but

Answer & Solution

93. A . . . . . . . . is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen.

Answer & Solution

94. As per Articles of Association of the company the directors can borrow up to Rs. 10,000 without getting approval from the general meeting. The directors have lend Rs. 50,000 to the company without any approval of the general meeting and took debentures. The company would be liable for:

Answer & Solution

95. Which is not the condition fulfilled before a seller is deemed to be an unpaid seller?

Answer & Solution

96. The centre has to offer states a GST Compensation package. What is the validity period of Centre compensation package to states when GST was implemented in 2017 that are to be paid on bimonthly basis to states in case required?

Answer & Solution

97. Which of the following is not a characteristic of a company?

Answer & Solution

98. Which of the following officers can sign on behalf of the company:

Answer & Solution

99. Tax is calculated only on the value-addition at each stage of the transfer of ownership, in case of GST. This helps in reduction of inflation as well. It is basically called reduction of:

Answer & Solution

100. SGST is applicable when:

Answer & Solution

Read More Section(Legal Aspects of Business)

91.
What is the role of Section 135 of the Trademarks Act, 1999?

92.
The law of contract is nothing but

93.
A . . . . . . . . is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen.

94.
As per Articles of Association of the company the directors can borrow up to Rs. 10,000 without getting approval from the general meeting. The directors have lend Rs. 50,000 to the company without any approval of the general meeting and took debentures. The company would be liable for:

95.
Which is not the condition fulfilled before a seller is deemed to be an unpaid seller?

96.
The centre has to offer states a GST Compensation package. What is the validity period of Centre compensation package to states when GST was implemented in 2017 that are to be paid on bimonthly basis to states in case required?

97.
Which of the following is not a characteristic of a company?

98.
Which of the following officers can sign on behalf of the company:

99.
Tax is calculated only on the value-addition at each stage of the transfer of ownership, in case of GST. This helps in reduction of inflation as well. It is basically called reduction of:

100.
SGST is applicable when: