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

61.
Which article of TRIPs deals with patentability?

A. 25

B. 27

C. 28

D. 29

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62.
The formation and regulation of LLP is governed by

A. Partnership Act, 1932

B. Companies Act, 2013

C. Limited Liability Partnership Act, 2008

D. Limited Liability Partnership Act, 2010

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63.
Match the following in respect of RTI Act, 2005.

List-I (Appeal) List-II (To whom)

a. First appeal 1. First Appellate Authority

b. Second appeal 2. To the officer senior in rank to the PIO

c. Third appeal 3. Central/State Information Commission

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

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

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

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

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64.
Bonus Shares mean shares issued to:

A. Workers in lieu of their share of profit

B. Preference shareholders in lieu of dividend

C. Existing equity shareholders without any consideration

D. Debenture-holders in lieu of interest

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65.
Which of the following is/are the stakeholder of a company?

A. Employees

B. Suppliers

C. Customers

D. All are correct

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66.
A dealer in Gujarat sells goods to a consumer in Gujarat worth Rs. 50,000. Rs. 3,000 will go to the Central Government and Rs. 3,000 will go to the Gujarat government since the sale is within the state. What is GST rate on goods?

A. 18%

B. 12%

C. 6%

D. 10%

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67.
How many parties are there in a bill of exchange?

A. 2

B. 3

C. 4

D. 1

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68.
If the goods are rejected by the buyer, and the carrier or other bailee continues in possession of them, then the transit . . . . . . . . even if the seller has refused to receive them back.

A. is deemed to be at an end

B. is not deemed to be at an end

C. in nobody's hand

D. None of the above

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69.
Matters to be transacted in a meeting is recorded in the

A. notice

B. agenda

C. minutes

D. report

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70.
Contingent contract means:

A. A suit entrusted to any person to abide by the result of any game or other uncertain event on which may wager is made

B. A contract to do or not to do something, if some event, collateral to such contract, does or does not happen

C. Agreements which are not certain, or capable of being made certain

D. Every agreement, by which any party thereto is restricted absolutely from enforcing his rights under or in respect of any contract

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1 2 3 4 5 6 7 8 9 10

List-I (Appeal)	List-II (To whom)
a. First appeal	1. First Appellate Authority
b. Second appeal	2. To the officer senior in rank to the PIO
c. Third appeal	3. Central/State Information Commission

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

61. Which article of TRIPs deals with patentability?

Answer & Solution

62. The formation and regulation of LLP is governed by

Answer & Solution

63. Match the following in respect of RTI Act, 2005. List-I (Appeal) List-II (To whom) a. First appeal 1. First Appellate Authority b. Second appeal 2. To the officer senior in rank to the PIO c. Third appeal 3. Central/State Information Commission

Answer & Solution

64. Bonus Shares mean shares issued to:

Answer & Solution

65. Which of the following is/are the stakeholder of a company?

Answer & Solution

66. A dealer in Gujarat sells goods to a consumer in Gujarat worth Rs. 50,000. Rs. 3,000 will go to the Central Government and Rs. 3,000 will go to the Gujarat government since the sale is within the state. What is GST rate on goods?

Answer & Solution

67. How many parties are there in a bill of exchange?

Answer & Solution

68. If the goods are rejected by the buyer, and the carrier or other bailee continues in possession of them, then the transit . . . . . . . . even if the seller has refused to receive them back.

Answer & Solution

69. Matters to be transacted in a meeting is recorded in the

Answer & Solution

70. Contingent contract means:

Answer & Solution

Read More Section(Legal Aspects of Business)

61.
Which article of TRIPs deals with patentability?

62.
The formation and regulation of LLP is governed by

63.
Match the following in respect of RTI Act, 2005.

List-I (Appeal) List-II (To whom)

a. First appeal 1. First Appellate Authority

b. Second appeal 2. To the officer senior in rank to the PIO

c. Third appeal 3. Central/State Information Commission

64.
Bonus Shares mean shares issued to:

65.
Which of the following is/are the stakeholder of a company?

66.
A dealer in Gujarat sells goods to a consumer in Gujarat worth Rs. 50,000. Rs. 3,000 will go to the Central Government and Rs. 3,000 will go to the Gujarat government since the sale is within the state. What is GST rate on goods?

67.
How many parties are there in a bill of exchange?

68.
If the goods are rejected by the buyer, and the carrier or other bailee continues in possession of them, then the transit . . . . . . . . even if the seller has refused to receive them back.

69.
Matters to be transacted in a meeting is recorded in the

70.
Contingent contract means: