Legal Aspects Of Business — Part 2 MCQs with Explanations

Article 279 (1) is the correct answer to “Which of the following acts makes provisions about constitution of GST Council”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

All of the above is the correct answer to “Right to information includes the right to 1. Inspect works, documents, records 2. Take notes, extracts or certified copies of documents or records. 3. Take certified samples of material. 4. Obtain information in form of printouts, diskettes, floppies, tapes, video cassettes or in any other electronic mode or through printouts. Choose the correct answer:”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

All of the above is the correct answer to “Which of the following statement(s) is/are true? Statement I: Trademark is represented graphically. Statement II: Trademark is capable of distinguishing the goods or services of one person from those of others. Statement III: Trademark may includes shapes of goods or combination of colours.”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Section 59 is the correct answer to “Under which of the following section, buyer can file a suit against seller for breach of warranty”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

All of the above is the correct answer to “The extent of an agent's authority, whether express or implied, depends upon”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Copyright is the correct answer to “What protects the intellectual property created by artists”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Paid up value of the share is the correct answer to “Dividend is calculated on”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

All of the above is the correct answer to “Which of the following methods can be used to pass resolution”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

All of the above is the correct answer to “In which of the following circumstances, the quasi contractual obligations arise”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Statement 3 and 4 are true is the correct answer to “The agency extends to receiving notice on behalf of whatever in material to be stated in the course of the proceedings. For this rule to operate 1. The agent must be under a duty to communicate. 2. The information must be material. 3. It must have been obtained in the course of business for which the agent has been engaged. 4. The agent is not privy to a fraud on the principal.”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Prevent monopolistic rights are arising out of intellectual property is the correct answer to “Which of the following does not fall in the ambit of the objectives of Competition Act, 2002”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Inter-state is the correct answer to “IGST is payable when the supply is:”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

A private company is the correct answer to “Certificate of commencement of business is not required by:”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Asim Das Gupta is the correct answer to “The first committee to design GST model was headed by:”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

A contract which ceases to be enforceable by law is the correct answer to “Which one of the following is a void contract”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Both contractual and statutory is the correct answer to “A company secretary has following liability:”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

a-2, b-3, c-1 is the correct answer to “Match List-I with List-II and select the correct answer: List-I (Term) List-II (Explanation) a. Contract 1. Accepted proposal b. Offer 2. Agreement enforceable by law c. Promise 3. Proposal”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

When the consent was caused by silence but the party had the means of discovering the truth is the correct answer to “In which of the following cases is a contract not voidable at the option of the party whose consent was so caused”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Yes, as the second advertisement is ineffective so for as F is concerned is the correct answer to “Mr. A advertises in a daily newspaper that he will give a prize of Rs. 90,000 to the first person to swim the English channel and back during the month of August. F, who has read the advertisement, sets off from Dower on 1 st August and reaches the coast of Fracne on 2 nd August. On that day, a further advertisement appears in the same newspaper stating that the offer of the prize has been withdrawn. On 3 rd August, F completes the return swim to England can F recover the prize.”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

1, 2, 4 and 3 is the correct answer to “Arrange the following in order of their manifestations: 1. Offer 2. Acceptance 3. Breach of contract 4. Contract Choose the correct option from the following:”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Rs. 25,000 is the correct answer to “As per Information Technology Act 2000, if you fails to maintain books of account, then you will be penalised upto”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

1, 2, 3, 4 and 5 is the correct answer to “According to Section 14, consent is said to be free when it is not caused by: 1. Coercion 2. Undue influence 3. Fraud 4. Misrepresentation 5. Mistake”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Both (A) and (R) are correct, but (R) is not the right explanation of (A) is the correct answer to “Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R) . Read the statements and choose the correct answer: Assertion (A): Consumers need to be given legal protection against certain trade practices and business methods. Reason (R): Protection as per market forces and 'Caveat Emptor' is not enough as perfectly competitive market is an economics dream and consumer sovereignty is a myth.”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

The rules, regulations and bye-laws for the internal management of the company is the correct answer to “Which of the following does not form the part of the important information to be incorporated in the Memorandum of Association as specified in the Companies Act, 2013”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Return with interest the application money to the applicants within a stipulated period is the correct answer to “If a company fails to secure the minimum subscription, then it should :”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Caveat emptor is the correct answer to “It is an integral part of Sales of Goods Act. It means 'let the buyer beware'. The term expressed below has Latin origins. What is the exact term for that”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

There is interstate supply is the correct answer to “Integrated Goods and Services Tax is applicable when:”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Where the endorser only signs without writing any name on the instrument is the correct answer to “Under section 16 of the Negotiable Instrument Act, 'endorsement in blank' of an instrument means:”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Board of directors is the correct answer to “In any undertaking, the organization is established by the”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Minutes of the meeting register is the correct answer to “Company secretary is the custodian of:”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

122nd is the correct answer to “Constitution Amendment Bill for implementation of GST was . . . . . . . .”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

ITC of CGST is first utilized for payment of CGST and the balance is utilized for payment of IGST is the correct answer to “Which of the following statements is true”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Article of Association is the correct answer to “A documents which contains the rules and regulations regarding internal management of a company is called”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Future goods is the correct answer to “Which of the following is the odd one out”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Annual General Meeting is the correct answer to “Declaration of Dividend is an important item of the agenda of”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Both A and B is the correct answer to “A sub-bailee is a person to whom the actual possession of goods is transferred by someone”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

The life of the author plus 60 years is the correct answer to “The term of copyright for an author lasts how long”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

All the parties except minor is the correct answer to “If a Minor draw, indorse, deliver and negotiate Negotiable Instruments, it binds:”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

1, 2, 3 and 4 is the correct answer to “As per Section 2(h) of the RTI Act, 'public authority' means that any authority or body or institution of self-government established or constituted: 1. By or under the Constitution. 2. By any other law made by Parliament. 3. By any other law made by State Legislature. 4. By notification issued or order made by the appropriate Government.”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.

Absolute and good title to the transferee is the correct answer to “Which of the following is not a presumption about a negotiable instrument”. This question is standard in competitive examination syllabi for Legal Aspects Of Business.