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.
Time limit for disposal of first appeal by the first Appellate Authority is

A. 10-15 days

B. 30-45 days

C. 50-65 days

D. 70-90 days

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42.
Match the following.

List-I List-II

a. Patent 1. Berne convention

b. Trademark 2. Paris convention

c. Copyright 3. Madrid

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

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

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

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

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43.
The Companies Act, 2013 requires that every company shall have a minimum number of 3 directors in the case of a public company, two directors in the case of a private company, and one director in the case of a One Person Company according to:

A. Section 149 (1)

B. Section 149 (2)

C. Section 150 (1)

D. Section 150 (2)

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44.
Which of the following authorities is not the part of the committee to select Chief Election Commissioner and other information commissioners?

A. Prime Minister of India

B. Chief justice of Supreme Court

C. Leader of Opposition in the Lok Sabha

D. A Union Cabinet Minister appointed by the Prime Minister

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45.
What is the default period of copyright assignment, if not specified

A. 1 year

B. 2 years

C. 5 years

D. 7 years

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46.
What is the maximum term given for publishing electronic obscene information?

A. 2 years

B. 5 years

C. 10 years

D. 15 years

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47.
As per the Indian Patent Act, a resident in India can

A. free to file a patent in a foreign country without first filing the said patent in India

B. file a patent in a foreign country without first filing the said patent in India, only under certain special circumstances

C. file a patent in a foreign country only after filing a PCT application on the same subject matter

D. All of the above

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48.
A document filed with the Registrar of Companies is deemed to have been read and understood by all those who deal with the company. Such presumption is in line with:

A. The concept of Indoor Management

B. The doctrine of Constructive Notice

C. The doctrine of Ultra Vires

D. The concept of Public Notice

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49.
In which of the following circumstances is undue influence not exercised?

A. Where one person holds a real or apparent authority over the other

B. Where he stands in a fiduciary relation with the other

C. Where he makes a contract with a person whose mental capacity is temporarily or permanently affected by reason of age, illness, or mental or bodily distress

D. When something is said or done in a dishonest way to trick people

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50.
Statement (I): Agreement without consideration is always valid.
Statement (II): All contracts are agreements but all agreements are not contracts.
In the context of the above two statements, which one of the following option is correct?

A. Statements (I) and (II) both are correct

B. Both Statements (I) and (II) are incorrect

C. Statement (I) is incorrect and Statement (II) is correct

D. Statement (I) is correct but Statement (II) is incorrect

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1 2 3 4 5 6 7 8 9 10

List-I	List-II
a. Patent	1. Berne convention
b. Trademark	2. Paris convention
c. Copyright	3. Madrid

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

41. Time limit for disposal of first appeal by the first Appellate Authority is

Answer & Solution

42. Match the following. List-I List-II a. Patent 1. Berne convention b. Trademark 2. Paris convention c. Copyright 3. Madrid

Answer & Solution

43. The Companies Act, 2013 requires that every company shall have a minimum number of 3 directors in the case of a public company, two directors in the case of a private company, and one director in the case of a One Person Company according to:

Answer & Solution

44. Which of the following authorities is not the part of the committee to select Chief Election Commissioner and other information commissioners?

Answer & Solution

45. What is the default period of copyright assignment, if not specified

Answer & Solution

46. What is the maximum term given for publishing electronic obscene information?

Answer & Solution

47. As per the Indian Patent Act, a resident in India can

Answer & Solution

48. A document filed with the Registrar of Companies is deemed to have been read and understood by all those who deal with the company. Such presumption is in line with:

Answer & Solution

49. In which of the following circumstances is undue influence not exercised?

Answer & Solution

50. Statement (I): Agreement without consideration is always valid. Statement (II): All contracts are agreements but all agreements are not contracts. In the context of the above two statements, which one of the following option is correct?

Answer & Solution

Read More Section(Legal Aspects of Business)

41.
Time limit for disposal of first appeal by the first Appellate Authority is

42.
Match the following.

List-I List-II

a. Patent 1. Berne convention

b. Trademark 2. Paris convention

c. Copyright 3. Madrid

43.
The Companies Act, 2013 requires that every company shall have a minimum number of 3 directors in the case of a public company, two directors in the case of a private company, and one director in the case of a One Person Company according to:

44.
Which of the following authorities is not the part of the committee to select Chief Election Commissioner and other information commissioners?

45.
What is the default period of copyright assignment, if not specified

46.
What is the maximum term given for publishing electronic obscene information?

47.
As per the Indian Patent Act, a resident in India can

48.
A document filed with the Registrar of Companies is deemed to have been read and understood by all those who deal with the company. Such presumption is in line with:

49.
In which of the following circumstances is undue influence not exercised?

50.
Statement (I): Agreement without consideration is always valid.
Statement (II): All contracts are agreements but all agreements are not contracts.
In the context of the above two statements, which one of the following option is correct?