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

21.
The preamble to the RTI Act, states that transparency of information is vital to

A. eradicate corruption

B. contain corruption

C. promote corruption

D. measure corruption

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22.
Which of the following companies can adopt Table A in place of Articles of Association?

A. Private Limited Companies

B. Public Limited Companies

C. Companies Limited by Guarantee

D. Unlimited Companies

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23.
The companies which are formed under special charter granted by the king or queen of England, are called

A. statutory companies

B. registered companies

C. chartered companies

D. None of these

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24.
Private key is used to

A. sign digitally

B. verify the sign

C. verify the documents

D. make payments

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25.
Which of the following kind/s can be termed as the 'specific kind/s of contract'?

A. Contracts of Indemnity and Guarantee

B. Contracts of bailment and pledge

C. Contracts of Agency

D. All of the above

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26.
Which section of RTI Act deals with 'exemption from disclosures of information'?

A. Section 7

B. Section 8

C. Section 9

D. Section 11

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27.
Which of the following warranties are created when a seller or lessor affirms that the goods he or she is selling or leasing meet certain standards of quality, description, performance, or condition?

A. Executory

B. Executed

C. Express

D. Implied

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28.
According to Section 13, negotiable instrument means

A. promissory note

B. bill of exchange

C. cheque

D. All of these

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29.
A contract is

A. agreement + offer

B. agreement + consideration

C. agreement + enforceable by law

D. None of the above

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30.
"The RTI Act, 2005 stipulates that a public authority should transfer an RTI application or a part thereof to another public authority, if the application or a part of it pertains to information."

A. Held by another public authority

B. The subject matter of which is more closely connected with the functions of another public authority

C. Both A and B

D. Neither A nor B

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

21. The preamble to the RTI Act, states that transparency of information is vital to

Answer & Solution

22. Which of the following companies can adopt Table A in place of Articles of Association?

Answer & Solution

23. The companies which are formed under special charter granted by the king or queen of England, are called

Answer & Solution

24. Private key is used to

Answer & Solution

25. Which of the following kind/s can be termed as the 'specific kind/s of contract'?

Answer & Solution

26. Which section of RTI Act deals with 'exemption from disclosures of information'?

Answer & Solution

27. Which of the following warranties are created when a seller or lessor affirms that the goods he or she is selling or leasing meet certain standards of quality, description, performance, or condition?

Answer & Solution

28. According to Section 13, negotiable instrument means

Answer & Solution

29. A contract is

Answer & Solution

30. "The RTI Act, 2005 stipulates that a public authority should transfer an RTI application or a part thereof to another public authority, if the application or a part of it pertains to information."

Answer & Solution

Read More Section(Legal Aspects of Business)

21.
The preamble to the RTI Act, states that transparency of information is vital to

22.
Which of the following companies can adopt Table A in place of Articles of Association?

23.
The companies which are formed under special charter granted by the king or queen of England, are called

24.
Private key is used to

25.
Which of the following kind/s can be termed as the 'specific kind/s of contract'?

26.
Which section of RTI Act deals with 'exemption from disclosures of information'?

27.
Which of the following warranties are created when a seller or lessor affirms that the goods he or she is selling or leasing meet certain standards of quality, description, performance, or condition?

28.
According to Section 13, negotiable instrument means

29.
A contract is

30.
"The RTI Act, 2005 stipulates that a public authority should transfer an RTI application or a part thereof to another public authority, if the application or a part of it pertains to information."