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

31.
The details of outward supplies of goods or services shall be submitted by

A. 10^th of the succeeding month

B. 15^th of the succeeding month

C. 18^th of the succeeding month

D. 20^th of the succeeding month

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32.
What protects the intellectual property created by designers?

A. Copyright

B. Geographical indications

C. Patents

D. Registered designs

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33.
A Community Interest Company (CIC) can be set up as which of the following?

A. A private company limited by guarantee only

B. A private company limited by shares or a private company limited by guarantee only

C. A private or public company limited by shares or a private company limited by guarantee

D. None of the above, it is a type of partnership

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34.
On which of the following days, the Information Technology Act 2000 was enacted?

A. 17^th October, 2000

B. 17^th October, 2001

C. 11^th November, 2000

D. 11^th November, 2001

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35.
When liability of a party under an instrument comes to an end, he is said to be

A. discharged

B. released

C. waived

D. None of these

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36.
After introduction of GST import into India is:

A. Subject to IGST plus BCD

B. Subject to CGST plus SGST plus BCD

C. Zero rated

D. SGST plus CGST plus IGST plus BCD

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37.
In which of the following terms, we use the words 'consensus-ad-idem'?

A. Proposal

B. Offer

C. Certainty of terms

D. Agreement

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38.
Choose the correct option for the following statements being correct or incorrect.
Statement I: Intellectual Property (IP) is a category of property that includes intangible creations of the human intellect.
Statement II: IPR does not include trade secrets and moral rights.

A. Both the statements I and II are incorrect

B. Statement II is correct, but I is incorrect

C. Both the statements I and II are correct

D. Statement I is correct, but II is incorrect

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39.
How many parties are there to a promissory note?

A. 2

B. 3

C. 1

D. 4

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40.
When is the promise said to be an express promise?

A. When the proposal or acceptance of any promise is made through visual representation

B. When the proposal or acceptance of any promise is made in any way other than words

C. When the proposal or acceptance of any promise is made in words

D. When the proposal or acceptance is made by either in words or in any way other than words

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

31. The details of outward supplies of goods or services shall be submitted by

Answer & Solution

32. What protects the intellectual property created by designers?

Answer & Solution

33. A Community Interest Company (CIC) can be set up as which of the following?

Answer & Solution

34. On which of the following days, the Information Technology Act 2000 was enacted?

Answer & Solution

35. When liability of a party under an instrument comes to an end, he is said to be

Answer & Solution

36. After introduction of GST import into India is:

Answer & Solution

37. In which of the following terms, we use the words 'consensus-ad-idem'?

Answer & Solution

38. Choose the correct option for the following statements being correct or incorrect. Statement I: Intellectual Property (IP) is a category of property that includes intangible creations of the human intellect. Statement II: IPR does not include trade secrets and moral rights.

Answer & Solution

39. How many parties are there to a promissory note?

Answer & Solution

40. When is the promise said to be an express promise?

Answer & Solution

Read More Section(Legal Aspects of Business)

31.
The details of outward supplies of goods or services shall be submitted by

32.
What protects the intellectual property created by designers?

33.
A Community Interest Company (CIC) can be set up as which of the following?

34.
On which of the following days, the Information Technology Act 2000 was enacted?

35.
When liability of a party under an instrument comes to an end, he is said to be

36.
After introduction of GST import into India is:

37.
In which of the following terms, we use the words 'consensus-ad-idem'?

38.
Choose the correct option for the following statements being correct or incorrect.
Statement I: Intellectual Property (IP) is a category of property that includes intangible creations of the human intellect.
Statement II: IPR does not include trade secrets and moral rights.

39.
How many parties are there to a promissory note?

40.
When is the promise said to be an express promise?