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

51.
Which of the following is an optional book in case of a company:

A. Share Application and Allotment Book

B. Register of Members

C. Register of Charges

D. Minutes Book

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52.
Which of the following is Responsibility Centre in Cost Audit?

A. Profit Centre

B. Revenue Centre

C. Investment Centre

D. All of the above

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53.
Which of the following does not fall under not 'misrepresentation' according to Indian Contract Act, 1872?

A. Any breach of duty which, without an intent to deceive, gains an advantage to the person committing it

B. The positive assertion, in a manner not warranted by the information of the person making it, of that which is not true, though he believes it to be true

C. Any act fitted to deceive the other party wilfully

D. Causing, however innocently, a party to an agreement, to make a mistake as to the substance of the thing which is subject of the agreement

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54.
Which of the following are true about conditions according to the Sale of Goods Act?
1. Title
2. Description
3. Quite possession
4. Encumbrances
Choose the correct answer from the following options:

A. 1 and 4 only

B. 2 and 3 only

C. 1, 3 and 4 only

D. 1 and 2 only

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55.
The Central Government may appoint a . . . . . . . . of certifying authority who shall exercise supervision over the activities of certifying authorities.

A. commissioner

B. controller

C. executive

D. president

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56.
A person appointed by an agent to act for the principal, is called

A. Agent

B. Sub-agent

C. Substituted agent

D. Pretended agent

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57.
This prospectus is an extended version of the Draft Prospectus with additional detail about IPO dates, price and latest financial data. This is issued in order to test the market before finalizing issue size/price is known as:

A. deemed prospectus

B. shelf prospectus

C. red herring prospectus

D. none of the above

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58.
How is a copyright assigned?

A. By copyright board

B. By appellate authority

C. By court of law

D. By assignor

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59.
A person shall cease to be a partner of LLP

A. on receiving advance from LLP

B. on giving advance to LLP

C. on his death

D. after completing age of 60 years

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60.
What is the time span mentioned in the 'RTI Act, 2005' for making orders for removing difficulties in giving effect to the provisions of the 'RTI Act, 2005'?

A. 2 years from the commencement of the Act

B. 1 years from the commencement of the Act

C. 3 years from the commencement of the Act

D. 4 years from the commencement of the Act

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

51. Which of the following is an optional book in case of a company:

Answer & Solution

52. Which of the following is Responsibility Centre in Cost Audit?

Answer & Solution

53. Which of the following does not fall under not 'misrepresentation' according to Indian Contract Act, 1872?

Answer & Solution

54. Which of the following are true about conditions according to the Sale of Goods Act? 1. Title 2. Description 3. Quite possession 4. Encumbrances Choose the correct answer from the following options:

Answer & Solution

55. The Central Government may appoint a . . . . . . . . of certifying authority who shall exercise supervision over the activities of certifying authorities.

Answer & Solution

56. A person appointed by an agent to act for the principal, is called

Answer & Solution

57. This prospectus is an extended version of the Draft Prospectus with additional detail about IPO dates, price and latest financial data. This is issued in order to test the market before finalizing issue size/price is known as:

Answer & Solution

58. How is a copyright assigned?

Answer & Solution

59. A person shall cease to be a partner of LLP

Answer & Solution

60. What is the time span mentioned in the 'RTI Act, 2005' for making orders for removing difficulties in giving effect to the provisions of the 'RTI Act, 2005'?

Answer & Solution

Read More Section(Legal Aspects of Business)

51.
Which of the following is an optional book in case of a company:

52.
Which of the following is Responsibility Centre in Cost Audit?

53.
Which of the following does not fall under not 'misrepresentation' according to Indian Contract Act, 1872?

54.
Which of the following are true about conditions according to the Sale of Goods Act?
1. Title
2. Description
3. Quite possession
4. Encumbrances
Choose the correct answer from the following options:

55.
The Central Government may appoint a . . . . . . . . of certifying authority who shall exercise supervision over the activities of certifying authorities.

56.
A person appointed by an agent to act for the principal, is called

57.
This prospectus is an extended version of the Draft Prospectus with additional detail about IPO dates, price and latest financial data. This is issued in order to test the market before finalizing issue size/price is known as:

58.
How is a copyright assigned?

59.
A person shall cease to be a partner of LLP

60.
What is the time span mentioned in the 'RTI Act, 2005' for making orders for removing difficulties in giving effect to the provisions of the 'RTI Act, 2005'?