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.
One of the following statement is not connected with the liabilities of a company secretary:

A. He is liable for breach of trust

B. He is liable for willful misconduct

C. He is liable for misfeasance

D. He is liable for the pecuniary loss of the company

E. He is liable for any act done on behalf of the company when he discharges his responsibilities diligently

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72.
Statement I It is a pre-condition of right of stoppage in transit that seller must have parted with possession of goods.
Statement II Unpaid seller can exercise his rights of resale when goods are in his possession.
Statement III Where property in goods has been passed to the buyer, seller can file a suit against buyer for recovery of price.
Which of the above statement(s) is/are true?

A. Only I

B. Only III

C. Both I and II

D. All of the above

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73.
Where a person pledges goods in which he has only a limited interest, the pledge is:

A. invalid to the extent of that interest

B. entire contract is invalid

C. valid to the extent of that interest

D. entire contract is valid

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74.
Which section of the Competition Act, 2002 enlists abuse of dominant position?

A. Section 2

B. Section 3

C. Section 4

D. Section 5

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75.
Match the following.

List-I List-II

a. 1956 1. Consumer Protection Act

b. 1986 2. Indian Companies Act

c. 1992 3. Securities and Exchange Board of India

d. 2002 4. Securitization Act

A. a-2, b-1, c-3, d-4

B. a-1, b-2, c-3, d-4

C. a-2, b-3, c-1, d-4

D. a-1, b-4, c-3, d-2

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76.
A bill of exchange must be . . . . . . . . by the drawee before it is presented for payment.

A. permitted

B. accepted

C. refused

D. None of these

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77.
Arrange the following in order of their manifestations:
1. Offer
2. Acceptance
3. Breach of contract
4. Contract
Choose the correct option from the following:

A. 1, 2, 3 and 4

B. 1, 2, 4 and 3

C. 2, 3, 1 and 4

D. 1, 4, 3 and 2

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78.
Which section of IT Act deals with the appointment of Controller of certifying authorities?

A. Section 5

B. Section 10

C. Section 14

D. Section 17

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79.
Which of the following is not come under the definition of 'information' under RTI Act, 2005?

A. Log books

B. File noting

C. Data material held in any electronic form

D. Circulars

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80.
What is the mandatory fee for getting information under RTI Act?

A. Rs. 20

B. Rs. 50

C. Rs. 100

D. Rs. 10

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1 2 3 4 5 6 7 8 9 10

List-I	List-II
a. 1956	1. Consumer Protection Act
b. 1986	2. Indian Companies Act
c. 1992	3. Securities and Exchange Board of India
d. 2002	4. Securitization Act

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

71. One of the following statement is not connected with the liabilities of a company secretary:

Answer & Solution

Answer & Solution

73. Where a person pledges goods in which he has only a limited interest, the pledge is:

Answer & Solution

74. Which section of the Competition Act, 2002 enlists abuse of dominant position?

Answer & Solution

75. Match the following. List-I List-II a. 1956 1. Consumer Protection Act b. 1986 2. Indian Companies Act c. 1992 3. Securities and Exchange Board of India d. 2002 4. Securitization Act

Answer & Solution

76. A bill of exchange must be . . . . . . . . by the drawee before it is presented for payment.

Answer & Solution

77. Arrange the following in order of their manifestations: 1. Offer 2. Acceptance 3. Breach of contract 4. Contract Choose the correct option from the following:

Answer & Solution

78. Which section of IT Act deals with the appointment of Controller of certifying authorities?

Answer & Solution

79. Which of the following is not come under the definition of 'information' under RTI Act, 2005?

Answer & Solution

80. What is the mandatory fee for getting information under RTI Act?

Answer & Solution

Read More Section(Legal Aspects of Business)

71.
One of the following statement is not connected with the liabilities of a company secretary:

73.
Where a person pledges goods in which he has only a limited interest, the pledge is:

74.
Which section of the Competition Act, 2002 enlists abuse of dominant position?

75.
Match the following.

List-I List-II

a. 1956 1. Consumer Protection Act

b. 1986 2. Indian Companies Act

c. 1992 3. Securities and Exchange Board of India

d. 2002 4. Securitization Act

76.
A bill of exchange must be . . . . . . . . by the drawee before it is presented for payment.

77.
Arrange the following in order of their manifestations:
1. Offer
2. Acceptance
3. Breach of contract
4. Contract
Choose the correct option from the following:

78.
Which section of IT Act deals with the appointment of Controller of certifying authorities?

79.
Which of the following is not come under the definition of 'information' under RTI Act, 2005?

80.
What is the mandatory fee for getting information under RTI Act?