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

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21.
Which of the following can be taken as the duties of a bailee?
1. To take reasonable care of the goods
2. Not to make unauthorized use of goods
3. Not to mix goods bailed with his/her own goods
4. To return the goods bailed
5. To return increase or profit accrued

A. 1, 2 and 4

B. 2, 3, 4 and 5

C. 1, 3 and 4

D. 1, 2, 3, 4 and 5

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22.
Any guarantee which the creditor has obtained by means of keeping silence as to material circumstances is:

A. valid

B. considered to be his approval

C. invalid

D. considered to be his denial

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23.
Which of the following section deals with dishonour by non-payment?

A. Section 92

B. Section 91

C. Section 138

D. Section 140

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24.
Which section of Copyright Act defines copyright?

A. Section 14

B. Section 15

C. Section 16

D. Section 17

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25.
Companies Act was enacted in the year

A. 1950

B. 1952

C. 1956

D. 1958

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26.
GST is a matter of jurisdiction of

A. Union Government

B. State Government

C. Both centre and state government

D. None of these

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27.
Doctrine of constructive notice protects the interests of the

A. Company

B. Shareholder

C. Creditor

D. Government

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28.
In case of sale, if goods are destroyed loss will be of

A. buyer

B. seller

C. third party

D. None of these

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29.
For which of the following statements, a Public Information Officers can be penalized by an Information Commission?

A. They deny information in a malafide manner

B. Obstructed furnishing information

C. Knowingly gave incorrect, incomplete or misleading information

D. All of these

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30.
As per SEBI guidelines, on issue of shares, the application money should not be less than

A. 10% of the nominal value of shares

B. 10% of the issue price of the shares

C. 25% of the nominal value of shares

D. 25% of the issue price of the shares

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

21. Which of the following can be taken as the duties of a bailee? 1. To take reasonable care of the goods 2. Not to make unauthorized use of goods 3. Not to mix goods bailed with his/her own goods 4. To return the goods bailed 5. To return increase or profit accrued

Answer & Solution

22. Any guarantee which the creditor has obtained by means of keeping silence as to material circumstances is:

Answer & Solution

23. Which of the following section deals with dishonour by non-payment?

Answer & Solution

24. Which section of Copyright Act defines copyright?

Answer & Solution

25. Companies Act was enacted in the year

Answer & Solution

26. GST is a matter of jurisdiction of

Answer & Solution

27. Doctrine of constructive notice protects the interests of the

Answer & Solution

28. In case of sale, if goods are destroyed loss will be of

Answer & Solution

29. For which of the following statements, a Public Information Officers can be penalized by an Information Commission?

Answer & Solution

30. As per SEBI guidelines, on issue of shares, the application money should not be less than

Answer & Solution

Read More Section(Legal Aspects of Business)

21.
Which of the following can be taken as the duties of a bailee?
1. To take reasonable care of the goods
2. Not to make unauthorized use of goods
3. Not to mix goods bailed with his/her own goods
4. To return the goods bailed
5. To return increase or profit accrued

22.
Any guarantee which the creditor has obtained by means of keeping silence as to material circumstances is:

23.
Which of the following section deals with dishonour by non-payment?

24.
Which section of Copyright Act defines copyright?

25.
Companies Act was enacted in the year

26.
GST is a matter of jurisdiction of

27.
Doctrine of constructive notice protects the interests of the

28.
In case of sale, if goods are destroyed loss will be of

29.
For which of the following statements, a Public Information Officers can be penalized by an Information Commission?

30.
As per SEBI guidelines, on issue of shares, the application money should not be less than