Correct Answer
Voidable agreement
Cash or kind
Legal obligation
Promise
Question
The expression stale bill of lading is used in ________ practice
Correct Answer
banking
True/False
Question
Invented words, coined words, fancy words are all synonymous terms.
Correct Answer
True
Multiple Choice Single Answer
Question
The legal principle that the Bank is entitled ro reject documents which do not strictly
confirm with the terms of the credit is the
Correct Answer
Doctrine of strict compliance
Select The Blank
Question
The burden of proof for recovery under the insurance is that of the ________
Correct Answer
Assured
Select The Blank
Question
The marine insurance covers all riskof loss or damage to the subject - matter insured
except ________clauses
Correct Answer
Exclusion clauses
Multiple Choice Single Answer
Question
The international carriage of goods is to a large extent, still conducted on the basis of
paper work by using
Correct Answer
transport documents
True/False
Question
A patentee or his licensee is not granted exclusive right to exploit the invention
Correct Answer
False
True/False
Question
The arbitrator , like a judge, has power to order the inspection of the object in dispute.
Correct Answer
True
Multiple Choice Single Answer
Question
The single most important document in International Trade and forms the very basis of a
large volume in international trade is
Correct Answer
L/C
True/False
Question
Ii is in the public interest to encourage the marketing of the products having defects that
can be sold in lower price to the public.
Correct Answer
False
Select The Blank
Question
It would be infringed by making a ________ copy of the topographical arrengement.
Correct Answer
facsimile
Multiple Choice Multiple Answer
Question
Paries convention lay down the basic principle governing protection of
Correct Answer
Patents , Trademarks , Industrial design
Multiple Choice Multiple Answer
Question
A general average act has to satify the followling requirements. It must be
Correct Answer
In time of peril , An extraordinary sacrifice or expenditure , Purposely resorted to
Multiple Choice Multiple Answer
Question
Paris convention is applicable to industrial property
Correct Answer
Inventions , Trade marks , Service marks
Multiple Choice Single Answer
Question
The insured value specified in the policy is the
Correct Answer
Agreed Value
True/False
Question
Time policies may cover a fixed priod of twelve months on the continuation clause
Correct Answer
False
Multiple Choice Multiple Answer
Question
The letter of cradit should state which of the methods have been chosen by the parties
namely,
Correct Answer
Payment at sight , Deferred payment , Acceptance or negotiance
Multiple Choice Multiple Answer
Question
There ia absence of free consent if the agreement is induced by
Correct Answer
Coercion , Undue influence , Misrepresentation
True/False
Question
In the United States, most commercial arbitration are governed by the United States
Arbitration Act
Correct Answer
True
True/False
Question
Arbitration has a contract and non judicial element.
Correct Answer
False
Multiple Choice Single Answer
Question
The goodwill between a trader and his customer, which the marks helps to sustain is
protected by the
Correct Answer
Common Law
Multiple Choice Multiple Answer
Question
The contractual nature of arbituration determines questions , which are not free
from controversy . The question are
Correct Answer
Whether arbitration himself can decide conclusively , whether it the arbitration
clause is contained in the original contract , whether the arbitation clause itself is
under cloud
Multiple Choice Single Answer
Question
A reputed automobile manufacturer advertised that their cars have a shatter proof glass
windowshields. These windowshields were supposed to eliminate the dangers of flying
glass. A customer of such car while driving car was hit by a pebble which shattered the
windowshield injuring his eyes. The court awarded the decision in the favour of
Correct Answer
Customer
Multiple Choice Multiple Answer
Question
Products liability law is full of mixtures . It is mixture of
Correct Answer
Tort law , Contract law , Consumer protection law
True/False
Question
The law of products liability governs the public litigation of product accidents
Correct Answer
False
True/False
Question
Purchasers cannot try out drugs to determine whether they kill or cure
Correct Answer
True
True/False
Question
The principles relating to the ordinary letters of credit dosen't apply to standby credits
Correct Answer
False
Multiple Choice Multiple Answer
Question
In a few exceptional cases the assured is barred from recovering the overpaid portions of
the premium
Correct Answer
If the double insurance was effected by the aassured knowingly , If a claim has been paid
for the full sum insured , if the policies were effected at different times
Select The Blank
Question
If the carrier or his agent negligently misdates the bill, the carrier as principal is liable
in________
Correct Answer
damages
Multiple Choice Single Answer
Question
The copy right is
Correct Answer
Incorporal property
Select The Blank
Question
An implied contract is one which is inferred from the ________ of the parties.
Correct Answer
Conduct
Select The Blank
Question
The clause Arrival means that the seller has to cause delivery to be madeto the buyer
from the ________
Correct Answer
Ship
Multiple Choice Multiple Answer
Question
The correct dating of the bill of lading is a important matter. It is material in three legal
relationships
Correct Answer
In the content of carriage , In the contract of sale , In relation to the banks under a letter
of credit
Select The Blank
Question
India is a signatory and indeed a ________ member of GATT
Correct Answer
Founder
Multiple Choice Multiple Answer
Question
Paris convention is applicable to industrial property
Correct Answer
Inventions , Trade marks , Service marks
Select The Blank
Question
The burden of proof for recovery under the insurance is that of the ________
Correct Answer
Assured
Multiple Choice Multiple Answer
Question
A contract may be frustrated because subsequent to the conclusion the govt. has
prohibited its performance are
Correct Answer
By place an embargo on the exportation of the goods sold , By place an embargo on the
Importation of the goods sold , By the imposition of restructive regulation regardng
Licenses and quota
Select The Blank
Question
The invoice ________is to be stated as the terms of the contract
Correct Answer
Price
Select The Blank
Question
Copyright protects the ________ of an idea rather than the idea itself.
Correct Answer
expression
Multiple Choice Single Answer
Question
The Slip is lodged at
Correct Answer
Insurance company
True/False
Question
The open cover may be limited in time while the floating policy is normally limited to
twelve months
Correct Answer
True
Multiple Choice Single Answer
Question
Legal status of protection of trade mark can be acquired either by
Correct Answer
Prolonged use of trade mark by registration
True/False
Question
Invented words, coined words, fancy words are all synonymous terms.
Correct Answer
True
Multiple Choice Single Answer
Question
If there is a possibility possibility of rising market price during the transit of the goods,
the assured has who has covered the goods under an ordinery policy can obtain a so called
Correct Answer
Increased value policy
Select The Blank
Question
In legal phraseology there is no privity of ________ between customer and manufacturer
Correct Answer
Contract
True/False
Question
The defination of patent includes mere discovery of a scientific principle
Correct Answer
False
True/False
Question
The buyer is entitled to refuse the acceptance of the goods if they are packed in
accordance of his instructions
Correct Answer
False
Multiple Choice Single Answer
Question
The single most important document in International Trade and forms the very basis of a
large volume in international trade is
Correct Answer
L/C
Correct Answer
Where the subject matter is destroyed , Where the assured has been irretrievably deprived
thereof , Where the subjectmatter has been so damaged that is has loss is commercial
identity
True/False
Question
The expression literary work covers work which is expressed in print or writing
irrespective of whether the quality or styal is high
Correct Answer
True
True/False
Question
In the case of a confirmed credit, the engagement of the advising bank to the beneficiary
is not stated in the letter of advise.
Correct Answer
False
Multiple Choice Single Answer
Question
Industrial design is design elements in
Correct Answer
Industrial produced articles
True/False
Question
In the socialist countries arbitration tribunals are constituted for dealing with commercial
disputes
Correct Answer
True
Select The Blank
Question
The marine insurance covers all riskof loss or damage to the subject - matter insured
except ________clauses
Correct Answer
Exclusion clauses
Question
Other documents inluded in the shipping documents are
Correct Answer
Certificate of origin , Certificate of quality , Certificate of inspection
True/False
Question
The principles relating to the ordinary letters of credit dosen't apply to standby credits
Correct Answer
False
Multiple Choice Multiple Answer
Question
In a few exceptional cases the assured is barred from recovering the overpaid portions of
the premium
Correct Answer
If the double insurance was effected by the aassured knowingly , If a claim has been paid
for the full sum insured , if the policies were effected at different times
Match The Following
Question
Correct Answer
GATT
Member India
India, a party
TRIPS agreemnt
Question Where payment under a letter of credit is arranged, the stages can normally be
distinguished
Correct Answer The exporter and the overseas buyer agree in the contract of sale that
payment shall be made under a letter of credit , The overseas buyer instructs a bank at his
place of business to open a letter of credit , The advising bank informs the exporter that it
will negotiate, his draft upon delivery of the transport document
Multiple Choice Multiple Answer
Question In stand by letters of credit, the bank may also be instructed to authorise
another bank against the stipulated documents to
Correct Answer Pay bills of exchange , Accept bills of exchange , Negotiate bills of
exchange
Multiple Choice Single Answer
Question The law relating to letters of credit is founded on the principle of
Correct Answer The doctrine of strict performance
Multiple Choice Multiple Answer
Question The correct dating of the bill of lading is a important matter. It is material in
three legal relationships
Correct Answer In the content of carriage , In the contract of sale , In relation to the
banks under a letter of credit
Multiple Choice Single Answer
Question Land transport (Road), the international convention is
Correct Answer the CMR
True/False
Question In the case of a confirmed credit, the engagement of the advising bank to the
beneficiary is not stated in the letter of advise.
Correct Answer False
Multiple Choice Single Answer
Question If the seller requires payment before the deferred payment credit matures, he
can obtain it by
Correct Answer Negotiating the Letter of Credit
True/False
Correct Answer
Member India
India, a party
TRIPS agreemnt
GATT
True/False
Question The two types of contract of carriage by sea is contracts evident by bill of
lading and contracts containing perils
Correct Answer False
Multiple Choice Multiple Answer
Question Dramatic work includes
Correct Answer work of dance and mine , the scenario for a film , the script for a film
True/False
Question The computer programmes have been included in the ambit of patentability
Correct Answer False
Select The Blank
Question A ' would be patentee may endanger his own chances by any sort of publicity
________ registration of a patent
Correct Answer Before
True/False
Question The open cover may be limited in time while the floating policy is normally
limited to twelve months
Correct Answer True
Multiple Choice Multiple Answer
Question NewZealan prohibits and restricts certain types of paking like
Correct Answer The use of hay , The use of chaff , The use of rice husk
Multiple Choice Multiple Answer
Question Kinds of bills of lading are
Correct Answer Shipped and received bills , Feright prepaid and freight collect bill ,
clean and claused bill
Multiple Choice Multiple Answer
Question The major alterations proposed by the Hamburg Rules are
Correct Answer Increased maximum limits of liability of the carrier , Exclusion of the
carrier's liability in case of error in nevigation, abolished , Application of the rules to
transport documents
Multiple Choice Multiple Answer
Question Following are not registerable under the Emblems and Names (Prevention of
improper use ) Act, 1950.
Correct Answer Mahatma Gandhi , Pandit Nehru , Shivaji Maharaj
Multiple Choice Multiple Answer
Question Industrial design may be defined as
True/False
Question
Invented words, coined words, fancy words are all synonymous terms.
Correct Answer
True
Multiple Choice Single Answer
Question
The most frequent method of payment for goods is the export trade is
Correct Answer
Letter of credit
Multiple Choice Single Answer
Question
The customer and manufacture has no
Correct Answer
Privity of Contract
Multiple Choice Multiple Answer
Question
NewZealan prohibits and restricts certain types of paking like
Correct Answer
The use of hay , The use of chaff , The use of rice husk
Multiple Choice Single Answer
Question
In a contrat between A, B Of Bombay and Banglore respectively it may be
provided that all dispute between them should be decided by a court in Bombay.
Therefore in case B files a suit in Banglore, A may Sucessfully objected to the
Correct Answer
Juridication of courts in Banglore
Select The Blank
Question
The invoice ________is to be stated as the terms of the contract
Correct Answer
Price
True/False
Question
The buyer is entitled to refuse the acceptance of the goods if they are
packed in accordance of his instructions
Correct Answer
False
Select The Blank
Question
In some cases, the transaction may not involve a sale. The product may
have been ________ or loaned by the owner
Correct Answer
Leased
Your Answer
The most important institution for the arbitral settlement of International trade disputes
The ICC court The ICC court
The administrative and financial regulations
ICSID ICSID
True/False
Question
Purchasers cannot try out drugs to determine whether they kill or cure
Correct Answer
True
Multiple Choice Single Answer
Question
The single most important document in International Trade and forms the
very basis of a large volume in international trade is
Correct Answer
L/C
Match The Following
Question
Correct Answer
Your Answer
Single application
Single
Question
It would be infringed by making a ________ copy of the topographical
arrengement.
Correct Answer
facsimile
Multiple Choice Single Answer
Question
Apolicy which specifies the agreed value of the subject mateer insured
Correct Answer
A valued policy
Multiple Choice Multiple Answer
Question
Other documents inluded in the shipping documents are
Correct Answer
Certificate of origin , Certificate of quality , Certificate of
inspection
True/False
Question
Infringement of patent takes place, normally during Industrial or
Commercial activities
Correct Answer
True
True/False
Question
In the case o fliterary work like encyclopedia dictionaries, year books etc.,
i.e. where there is collective work and output, there is a joint authorship.
Correct Answer
False
Multiple Choice Single Answer
Question
Where the subject - matter is insured from one point to another isa
Correct Answer
Voyage policy
Multiple Choice Single Answer
Question
The container is normally shipped under an ordinary
Correct Answer
Shipped bill of lading
Multiple Choice Multiple Answer
Question
Classification of contracts by it's validity are
Correct Answer
Unenforceable contract , Voidable contract , Illegal contract
Multiple Choice Single Answer
Question
The most frequent method of payment for goods is the export trade is
Correct Answer
Letter of credit
Question
The Arbitrations and Conciliation Act, 1996 was enacted taking into
account the model law and Rules recommended by United Nation for efficient ________
of disputed arising in international commercial relation
Correct Answer
Settlement
Multiple Choice Single Answer
Question
The work under the copyright Act should be
Correct Answer
originated from the author
Multiple Choice Single Answer
Question
The marine insurance policy or the marine insurance certificate forms a
part of the
Correct Answer
Shipping Document
Match The Following
Question
Correct Answer
The manufacturing process
Your Answer
Quality control
Quality control
Opinion
maticulous precautions
maticulous precautions
Who can be
Correct Answer
False
True/False
Question
The expression literary work covers work which is expressed in print or
writing irrespective of whether the quality or styal is high
Correct Answer
True
Multiple Choice Single Answer
Question
If the carriage of goods by sea are individual pakages, they are carried
under
Correct Answer
bill of lading
Multiple Choice Single Answer
Question
It is essential that a patentable invention must possess
Correct Answer
Utility
Multiple Choice Single Answer
Question
The law of product safety is
Correct Answer
Regulatory law
Select The Blank
Question
A ' would be patentee may endanger his own chances by any sort of
publicity ________ registration of a patent
Correct Answer
Before
Multiple Choice Multiple Answer
Question
Paris convention is applicable to industrial property
Correct Answer
Inventions , Trade marks , Service marks
True/False
Question
The two types of contract of carriage by sea is contracts evident by bill of
lading and contracts containing perils
Correct Answer
False
Correct Answer
Liquidated damages
Your Answer
GATT GATT
TRIPS agreemnt
TRIPS agreemnt
True/False
Question
Where a cargo is a tender in such a manner as to put an ordinary careful
insurer on inquriy and he fails to inquire a waiver may be assumed
Correct Answer
True
the invention
Correct Answer False
Multiple Choice Single Answer
Question The cost of marine insurance shall be borne by the seller or by the
buyer normally provided by the
Correct Answer Terms of the contract of sale
Select The Blank
Question The assured can insure a consignment of goods from Pune to
Birmingham provided these place are________in the marine policy
as the commencement and destination of the transit
Correct Answer Named
True/False
Question Arbitration has a contract and non judicial element.
Correct Answer False
Select The Blank
Question The shipper is entitled to demand that the bill of lading should
be________ correctly
Correct Answer dated
True/False
Question The expression literary work covers work which is expressed in
print or writing irrespective of whether the quality or styal is high
Correct Answer True
Multiple Choice Single Answer
Question The Slip is lodged at
Correct Answer Insurance company
True/False
Question The arbitrator as a private judge may not be absolutely impartial.
Correct Answer False
Multiple Choice Single Answer
Question One of the parties to the marine insurance is Known as
Correct Answer Assured
True/False
Question In the case o fliterary work like encyclopedia dictionaries, year
books etc., i.e. where there is collective work and output, there is a
joint authorship.
Correct Answer False
Question Paries to an agreement may restrict the the right of either party to
issuing
Correct Answer Particular court
Multiple Choice Multiple Answer
Question Where payment under a letter of credit is arranged, the stages can
normally be distinguished
Correct Answer The exporter and the overseas buyer agree in the contract of sale
that payment shall be made under a letter of credit , The overseas
buyer instructs a bank at his place of business to open a letter of
credit , The advising bank informs the exporter that it will
negotiate, his draft upon delivery of the transport document
Legalprotection of
computer software
Trade secreat system Computer work
Expressionof thought Original work Original work
Not entitled for
copyright protection
A mere idea A mere idea
Novels, drama, poetry Literary work Literary work
Select The Blank
Question An implied contract is one which is inferred from the
________ of the parties.
Correct Answer Conduct
True/False
Question A patentee or his licensee is not granted exclusive right to
exploit the invention
Correct Answer False
Multiple Choice Single Answer
Question The cost of marine insurance shall be borne by the seller or by the buyer
normally provided by the
Correct Answer Terms of the contract of sale
Select The Blank
Question The assured can insure a consignment of goods from Pune
to Birmingham provided these place are________in the marine policy as the
commencement and destination of the transit
Correct Answer Named
True/False
Question Arbitration has a contract and non judicial element.
Correct Answer False
Select The Blank
Question The shipper is entitled to demand that the bill of lading
should be________ correctly
Correct
Answer
dated
True/False
Question The expression literary work covers work which is
expressed in print or writing irrespective of whether the
quality or styal is high
Correct
Answer
True
Multiple Choice Single Answer
Question The Slip is lodged at
Correct
Answer
Insurance company
True/False
Question The arbitrator as a private judge may not be absolutely
impartial.
Correct Answer False
Multiple Choice Single Answer
Question One of the parties to the marine insurance is Known as
Correct Answer Assured
True/False
Question In the case of literary work like encyclopedia dictionaries, year books etc., i.e.
where there is collective work and output, there is a joint authorship.
Correct Answer False
Multiple Choice Single Answer
Question The Society Lloyd's has members like
Correct Answer Underwriting
Multiple Choice Single Answer
Question The work under the copyright Act should be
Correct Answer originated from the author
Select The Blank
Question Contracts created by law are called ________.
Correct Answer Quasi contract
Multiple Choice Multiple Answer
Question The root requirement in creating the work is
Correct Answer sufficient skill, fudgement and labour , selection indgement and
experience , selection labour, skill and capital
Multiple Choice Multiple Answer
Question The letter of cradit should state which of the methods
have been chosen by the parties namely,
Correct Answer Payment at sight , Deferred payment , Acceptance or
negotiance
True/False
Question The floating policy is not a time policy but the aggregation of voyage policies
Correct Answer True
Select The Blank
Question In some cases, the transaction may not involve a sale. The product may have
been ________ or loaned by the owner
Correct Answer Leased
Select The Blank
Question In legal phraseology there is no privity of ________ between customer and
manufacturer
Correct Answer Contract
Select The Blank
Question The unpaid seller has also a ________ interest in them untill the buyer is
deemed to have accepted the goods
Correct Answer Defensible
True/False
Question Words which do not describe the character or quality of goods are registerable.
Correct Answer True
True/False
Question The seller pays all the charges upto the loading of goods at the address of
buyer
Correct Answer False
Multiple Choice Multiple Answer
Question Arbitration tribunals have been consituted in
Correct Answer Poland , Czekoslovakia , Hungary
True/False
Question Under through Bills of Lading Covering on Carriage by air, the air
consignment is a document of title but bill of lading is not.
Correct Answer False
Select The Blank
Question Copyright protects the ________ of an idea rather than the idea itself.
Correct Answer expression
Multiple Choice Single Answer
Question In a contrat between A, B Of Bombay and Banglore respectively it may be
provided that all dispute between them should be decided by a court in Bombay.
Therefore in case B files a suit in Banglore, A may Sucessfully objected to the
Correct Answer Juridication of courts in Banglore
Question Apolicy which specifies the agreed value of the subject mateer insured
Correct Answer A valued policy
Select The Blank
Question The invoice ________is to be stated as the terms of the contract
Correct Answer Price
Select The Blank
Question The clause Arrival means that the seller has to cause delivery to be madeto the
buyer from the ________
Correct Answer Ship
True/False
Question Time policies may cover a fixed priod of twelve months on the continuation
clause
Correct Answer False
Multiple Choice Single Answer
Question Inventions are protected by
Correct Answer Patent
True/False
Question The computer programmes have been included in the ambit of patentability
Correct Answer False
Select The Blank
Question The shipper is entitled to demand that the bill of lading should be________
correctly
Correct Answer dated
Multiple Choice Single Answer
Question A contract in which the parties agree that a false invoice be isued is
Correct Answer Unenforceable by Law
Select The Blank
Question Under f.o.b contract the cost of loading is usually included in the
________charges which are to paid by the buyer
Correct Answer Freight
Select The Blank
Question When the consumer deals with the retailer rather than directly with the
manufacture he establishes a ________ relationship
Correct Answer Contractual
Select The Blank
Question ________ has no eastablished status in Law but are admissible in evidence
against the seller if litigation ensues between him and buyer
Correct Answer Letters of Insurance
Multiple Choice Multiple Answer
Question The exclusion clauses covers
Correct Answer War exclusion clause , Strike exclusion , Loss or damage caused by any
terrorist
Select The Blank
Question The rights of the copyright ________ may be roughly classified into
reproduction rights and performing rights.
Correct Answer owner
Multiple Choice Multiple Answer
Question The theories of liability may be divided into three groups
Correct Answer Negligence , Misrepresentation, both tortions and by breach of warranty
, Strict liabilty in tort for defective products
True/False
Question The buyer is entitled to refuse the acceptance of the goods if they are packed
in accordance of his instructions
Correct Answer False
Multiple Choice Multiple Answer
Question Paries convention lay down the basic principle governing protection of
Correct Answer Patents , Trademarks , Industrial design
True/False
Question An electrical terminal for washing meachine was held registrable because a
potential customer may decide to buy it solely for its utility
Correct Answer False
Multiple Choice Single Answer
Question The broker wright the essentials of the proposed insurance in cuetomery
abbreviationson a document called
Correct Answer The Slip
Multiple Choice Multiple Answer
Question Classification of contracts by it's validity are
Correct Answer Voidable contract , Illegal contract , Unenforceable contract
Multiple Choice Multiple Answer
Question The Lioyd's marine policy form is schedule into which the following
information is to be inserted
Correct Answer The policy number , The subject- matter insured , The amount insured
True/False
Question
The terms of the contract of sale are conditions and warranties
Correct Answer
False
Your Answer
True
Multiple Choice Multiple Answer
Question
The Indian Court have summed up the following ingredients or elements
to settle the questions of similarity of two marks.
Correct Answer
Overall construction , Phonetic Similarity , The overall similarity
Your Answer
Phonetic Similarity , The overall similarity , Overall construction
Select The Blank
Question
When the consumer deals with the retailer rather than directly with the
manufacture he establishes a ________ relationship
Correct Answer
Contractual
Your Answer
Contractual
Multiple Choice Single Answer
Question
Device marks which are the property of the government and those which
are prohibited by the statute are not
Correct Answer
Registerable
Your Answer
Registerable
Select The Blank
Question
The Arbitrations and Conciliation Act, 1996 was enacted taking into
account the model law and Rules recommended by United Nation for efficient ________
of disputed arising in international commercial relation
Correct Answer
Settlement
Your Answer
Settlement
Multiple Choice Single Answer
Question
The polices which covers a period exceeding twelve months on the
continuation clause is a
Correct Answer
Time policy
Your Answer
Time policy
Multiple Choice Single Answer
Question
Any loss occuring during the period of insurance coverentitles the assured
to recover
Correct Answer
Insurable interest
Your Answer
Unpaid insurance
Your Answer
The use of hay , The use of chaff , The use of rice husk
True/False
Question
The buyer is entitled to refuse the acceptance of the goods if they are
packed in accordance of his instructions
Correct Answer
False
Your Answer
False
Multiple Choice Multiple Answer
Question
The theories of liability may be divided into three groups
Correct Answer
Negligence , Misrepresentation, both tortions and by breach of
warranty , Strict liabilty in tort for defective products
Your Answer
Negligence , Misrepresentation, both tortions and by breach of
warranty , Strict liabilty in tort for defective products
Multiple Choice Multiple Answer
Question
Translation , editorial work involves
Correct Answer
Ammendments , Explanation , Compilation
Your Answer
Ammendments , Explanation , Compilation
Multiple Choice Multiple Answer
Question
Liability for defective products is based on three principles
Correct Answer
Strict liability , Qualified liability , Fault liability
Your Answer
Strict liability , Qualified liability , Fault liability
Multiple Choice Single Answer
Question
Before the arbitrator signs the award, he shall submit it in draft form to the
ICC court of Arbitrator in pairs for
Correct Answer
scrutiny
Your Answer
scrutiny
Select The Blank
Question
The burden of proof for recovery under the insurance is that of the
________
Correct Answer
Assured
Your Answer
Assured
True/False
Question
Arbitration is close to court proceedings than conciliation.
Correct Answer
True
Your Answer
True
Select The Blank
Question
The ________ of subrogation is different from the Rightof the insurer
on abandonment
Correct Answer
Right
Your Answer
Right
Your Answer
Germeny
GATT arbitration
Your Answer
Patent Patent
Industrial property
marks
Copyright
GATT arbitration
Trade mark
Immitation
Immitation
True/False
Question
The frustrating event must be an event beyond the contract of the parties
Correct Answer
True
Your Answer
False
True/False
Question
The purchaser has no right to inspect the commodity
Correct Answer
False
Your Answer
False
Select The Blank
Question
The remedies for infringement of patent are injunction and ________
Correct Answer
Damages
Your Answer
Damages
Multiple Choice Multiple Answer
Question
There ia absence of free consent if the agreement is induced by
Correct Answer
Coercion , Undue influence , Misrepresentation
Your Answer
Coercion , Undue influence , Misrepresentation
SCDL_PGDIB_SEM_2_ICL_SUMEET_22.08.06_2
True/False
Question
The New York convention represents a progress in the field of
International arbitration as compared to the Geneva provisions
Correct Answer
True
Your Answer
True
Multiple Choice Multiple Answer
Question
The notice by the buyer to the seller to reject the goods should be
Correct Answer
Clear , definit , Not to be cotradicted by an act
Your Answer
definit , Not to be cotradicted by an act , Clear
Select The Blank
Question
Contracts created by law are called ________.
Correct Answer
Quasi contract
Your Answer
Quasi contract
Select The Blank
Question
Protection of industrial property is not an end in itself. It is a ________ to
encourage creative activity, industrialisation, investment and honest trade
Correct Answer
Means
Your Answer
Means
Multiple Choice Single Answer
Question
The single most important document in International Trade and forms the
very basis of a large volume in international trade is
Correct Answer
L/C
Your Answer
L/C
Multiple Choice Single Answer
Question
The features that are applied to the article must appeal to the
Correct Answer
Eye
Your Answer
Eye
True/False
Question
The computer programmes have been included in the ambit of
patentability
Correct Answer
False
Your Answer
False
Multiple Choice Single Answer
Question
Any description of the goods which is made part of the basis of the
bargain creates an
Correct Answer
Express warranty
Your Answer
Express warranty
True/False
Question
Trademark offences to be cognisable offences.
Correct Answer
True
Your Answer
True
Multiple Choice Single Answer
Question
The parties sometimes authorise the arbitrator to decide
Correct Answer
ex aequo it bono
Your Answer
ex aequo it bono
Select The Blank
Question
Under delivered free duty paid clause, the seeller pays all the charges up to
the ________ of the goods at the buyer's address
Correct Answer
Delivery
Your Answer
Delivery
Multiple Choice Single Answer
Question
The law relating to letters of credit is founded on the principle of
Correct Answer
Your Answer
Your Answer
Unfair trade Practise The Consumer Protection ActThe Consumer Protection Act
Payment under a letter of credit
Before packing
Question
If the carriage of goods by sea are individual pakages, they are carried
under
Correct Answer
bill of lading
Your Answer
bill of lading
Multiple Choice Single Answer
Question
The exporter may conclude a contract of carriage with a ship owner. The
contract is known as contract of
Correct Answer
carriage by sea
Your Answer
carriage by sea
True/False
Question
The invention must relates to a new and useful manner of manufacture
Correct Answer
True
Your Answer
True
Multiple Choice Single Answer
Question
The defination of patent includes an art of process of
Correct Answer
Manufacture
Your Answer
Manufacture
True/False
Question
The defination of patent includes mere discovery of a scientific principle
Correct Answer
False
Your Answer
False
True/False
Question
The open cover may be limited in time while the floating policy is
normally limited to twelve months
Correct Answer
True
Your Answer
True
Multiple Choice Single Answer
Question
For sea transport the international convention is
Correct Answer
the Hague - Vishy rules relating to bill of lading
Your Answer
the Hague - Vishy rules relating to bill of lading
Select The Blank
Question
When the seller tenders the goods,the buyer is entitled to ________the
goods
Correct Answer
Examine
Your Answer
Examine
Multiple Choice Multiple Answer
Question
In the Soviet Union two international arbitration tribunals exists which
have the jurisdiction over claims arising from contracts of
Correct Answer
Your Answer
Correct Answer
Your Answer
Your Answer
Transferable
Paper transaction
******************
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Select The Blank
Question
The ________ of subrogation is different from the Rightof the insurer on
abandonment
Correct Answer
Your Answer
Right
Right
Question
Correct Answer
Your Answer
Transferable
Paper transaction
Question
Types of contracts are :
Correct Answer
Express contract , illegal contracts , Void contracts
Your Answer
Express contract , illegal contracts , Void contracts
Multiple Choice Single Answer
Question
Section 28 of Indain Contract Act an agreement which absolutly restricts a
party to it from inforcing his rights under any contract, by the usually legal proceessing in
the ordinary tribunals or which limits the time within which he may thus inforece his
right is
Correct Answer
Void to that extent
Your Answer
Void to that extent
True/False
Question
The buyer who reject the goods is not bound to return them to the seller
unless this is agreed
Correct Answer
True
Your Answer
True
True/False
Question
In the United States, most commercial arbitration are governed by the
United States Arbitration Act
Correct Answer
True
Your Answer
True
Select The Blank
Question
Protection of industrial property is not an end in itself. It is a ________ to
encourage creative activity, industrialisation, investment and honest trade
Correct Answer
Means
Your Answer
Means
Select The Blank
Question
Contracts created by law are called ________.
Correct Answer
Quasi contract
Your Answer
Quasi contract
Multiple Choice Single Answer
Question
The Society Lloyd's has members like
Correct Answer
Underwriting
Your Answer
Underwriting
Your Answer
The most important institution for the arbitral settlement of International trade disputes
The ICC court The ICC court
The administrative and financial regulations ICSID ICSID
European Arbitration Sponsored by the UN economic commission Sponsored by the UN
economic commission
The London court of International arbitration
Sponsored by Chartered Insitute of
Arbitration
Sponsored by Chartered Insitute of Arbitration
Correct Answer
sufficient skill, fudgement and labour , selection indgement and
experience , selection labour, skill and capital
Your Answer
sufficient skill, fudgement and labour , selection indgement and
experience , selection labour, skill and capital
Select The Blank
Question
The commercial aims of the parties to the copntract are defeated not by
their fault but by force of ________circumstrances
Correct Answer
Supervening
Your Answer
Supervening
Multiple Choice Single Answer
Question
If the utmost good faith is not observed by the either party of the contract
of Marine insurancemay be
Correct Answer
Avoided by the other party
Your Answer
Avoided by the other party
Multiple Choice Single Answer
Question
The buyer is entitled to reject the goods if
Correct Answer
A condition relating to them is broken
Your Answer
A condition relating to them is broken
True/False
Question
Words which do not describe the character or quality of goods are
registerable.
Correct Answer
True
Your Answer
True
Multiple Choice Single Answer
Question
Export transactions based on the contract of sale are not
Correct Answer
Customery in home trade
Your Answer
Customery in home trade
True/False
Question
The computer programmes have been included in the ambit of
patentability
Correct Answer
False
Your Answer
False
Your Answer The exporter and the overseas buyer agree in the contract of sale that
payment shall be made under a letter of credit , The overseas buyer instructs a bank at his
place of business to open a letter of credit , The advising bank informs the exporter that it
will negotiate, his draft upon delivery of the transport document
True/False
Question Product liability and product safety are the phrases used to describe the law
concerning product-related accidents and illness
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question The main object of the copyright Act is to
Correct Answer protect the writer and the artist
Your Answer protect the producer and the production work
Multiple Choice Single Answer
Question Not only creative intellectual activity produce the right kind of work, but the
input must satisfy a certain minimum standard of effort. Otherwise, there is nothing that
can be treated as
Correct Answer original work
Your Answer original work
Multiple Choice Single Answer
Question The concept of implied warranty rests on the foundation of business ethics
and constitutes an exception to maxim
Correct Answer Let the buyer beware
Your Answer Let the buyer beware
Multiple Choice Multiple Answer
Question The ICSID has published sets of Rules as
Correct Answer The Institution rules , The Arbitration Rules , The Conciliation Rules
Your Answer The Institution rules , The Arbitration Rules , The Conciliation Rules
Multiple Choice Multiple Answer
Question In stand by letters of credit, the bank may also be instructed to authorise
another bank against the stipulated documents to
Correct Answer Pay bills of exchange , Accept bills of exchange , Negotiate bills of
exchange
Your Answer Pay bills of exchange , Accept bills of exchange , Negotiate bills of
exchange
Multiple Choice Multiple Answer
Question Consideration may be
Correct Answer Present , Future , Continuous
Your Answer Past , Present , Future
True/False
Question The floating policy is not a time policy but the aggregation of voyage policies
Correct Answer True
Your Answer True
True/False
Question Where a cargo is a tender in such a manner as to put an ordinary careful
insurer on inquriy and he fails to inquire a waiver may be assumed
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question The legal principle that the Bank is entitled ro reject documents which do not
strictly confirm with the terms of the credit is the
Correct Answer Doctrine of strict compliance
Your Answer Doctrine of strict compliance
Multiple Choice Single Answer
Question The polices which covers a period exceeding twelve months on the
continuation clause is a
Correct Answer Time policy
Your Answer Time policy
True/False
Question The principles relating to the ordinary letters of credit dosen't apply to
standby credits
Correct Answer False
Your Answer True
Multiple Choice Multiple Answer
Question The documents which though lacking the legal characteristics of an insurance
policy, acknowledges that the insurance cover has been obtained. These documents are
Correct Answer Certificate of insurance , Broker's coover notes , letters of insurance
Your Answer Certificate of insurance
True/False
Question The seller pays all the charges upto the loading of goods at the address of
buyer
Correct Answer False
Your Answer True
Multiple Choice Multiple Answer
Question Restricted senceit may be called as
Correct Answer Transactional , A national , Floating
Your Answer Transactional , A national , Floating
True/False
Question Once there is non disclouser, be it fraudulent negligient or innocent, the
aggrieved paryt is entitled to elect whether he would avoid or affirm the contract
Correct Answer True
Your Answer True
Match The Following
Question Correct Answer Your Answer
Sending visual images, sounds and other information Cable - cast Computer programme
Criminal proceeding against infringement of copyright Imprisonment and fine Musical
work
Reprography Schemes Statutory implied indemnity by the licensor Typographical
arangement
Set of instructions Computer programme Cable - cast
Select The Blank
Question It would be infringed by making a ________ copy of the topographical
arrengement.
Correct Answer facsimile
Your Answer xerox
True/False
Question The principles relating to the ordinary letters of credit dosen't apply to
standby credits
Correct Answer False
Your Answer True
Select The Blank
Question The received bill is less ________ than the shipped because it docs not
confirm that the shipment has already begun.
Correct Answer Valuable
Your Answer costly
Multiple Choice Single Answer
Question In testing wheather an articles infringes a registered designfor that article, the
normal starting point is the design as
Correct Answer a whole
Your Answer a whole
True/False
Question Insurance broker is the agent of the assured and is paid by the assured
Correct Answer False
Your Answer True
Select The Blank
Question Abandonment has effect only where there is a ________ total loss
Correct Answer Constructive
Your Answer Conditional
True/False
Question The purchaser has no right to inspect the commodity
Correct Answer False
Your Answer False
Multiple Choice Multiple Answer
Question The London court of Inernational Arbitration is a tripartite organization
sponsored by the
Correct Answer London Chamber of Commerce , The city of London Corporation ,
Chartered Insitute of Arbitration
Your Answer London Chamber of Commerce , The city of London Corporation ,
Chartered Insitute of Arbitration
True/False
Question All contracts are agreements and all agreements are contracts.
Correct Answer False
Your Answer True
Multiple Choice Multiple Answer
Question Parties to the agreement must be
Correct Answer a major , not disqualified by any law , of sound mind person
Your Answer a major , not disqualified by any law , of sound mind person
Multiple Choice Multiple Answer
Question In stand by letters of credit, the bank may also be instructed to authorise
another bank against the stipulated documents to
Correct Answer Pay bills of exchange , Accept bills of exchange , Negotiate bills of
exchange
Your Answer Pay bills of exchange , Accept bills of exchange , Negotiate bills of
exchange
Select The Blank
Question ________ has no eastablished status in Law but are admissible in evidence
against the seller if litigation ensues between him and buyer
Correct Answer Letters of Insurance
Your Answer Letters of Insurance
True/False
Question When the seller tenders non-confirming documents, the advising bank may
refuse to make the credit available
Correct Answer False
Your Answer True
Multiple Choice Single Answer
Question For a registration if a portrait is of a dead person whose death occurred
twenty years prior to the date of application for registration, law requires
Correct Answer Consent in writing of legal representative
Your Answer Consent in writing of legal representative
Multiple Choice Multiple Answer
Question Products liability law is full of mixtures . It is mixture of
Correct Answer Tort law , Contract law , Consumer protection law
Your Answer Tort law , Contract law
Multiple Choice Single Answer
Question If the parties have arranged a payment at sight credit, the advising bank is
instructed to arrange for the payment
Correct Answer to the seller, due on presentation of their documents
Your Answer to the seller, due on presentation of their documents
Select The Blank
Question Under delivered free duty paid clause, the seeller pays all the charges up to
the ________ of the goods at the buyer's address
Correct Answer Delivery
Your Answer Loading
Multiple Choice Single Answer
Question Inventions relating to atomic energy
Correct Answer are not patentable
Your Answer are not patentable
PGDIB_SEM_2_INT_COMM_LAW_1.
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Question
Agreement with minor
Consideration
Contract
Proposal accepted
Correct Answer
Voidable agreement
Cash or kind
Legal obligation
Promise
The London court of International Arbitration includes any question regarding its
Correct Answer
Existance , Validity , Termination
Multiple Choice Multiple Answer
Question
The Institute Cargo clauses B covers the loss of or damage to the subject - matter insured
reasonably attributed to
Correct Answer
Fire or explosion , Discharge of cargo at a port of distress , Earthquake, volcanic eruption
or lightening
Select The Blank
Question
An implied contract is one which is inferred from the ________ of the parties.
Correct Answer
Conduct
Multiple Choice Single Answer
Question
If there is a possibility possibility of rising market price during the transit of the goods,
the assured has who has covered the goods under an ordinery policy can obtain a so called
Correct Answer
Increased value policy
Multiple Choice Single Answer
Question
Where the subject - matter is insured from one point to another isa
Correct Answer
Voyage policy
Multiple Choice Single Answer
Question
If the carriage of goods by sea are carried in bulk, e.g. coal, oil, grain, the shipper may
hise a whole vessel i.e.
Correct Answer
charter party
Question
The assured can insure a consignment of goods from Pune to Birmingham provided these
place are________in the marine policy as the commencement and destination of the
transit
Correct Answer
Named
Multiple Choice Single Answer
Question
The marine insurance policy or the marine insurance certificate forms a part of the
Correct Answer
Shipping Document
Select The Blank
Question
Contracts created by law are called ________.
Correct Answer
Quasi contract
Select The Blank
Question
India is a signatory and indeed a ________ member of GATT
Correct Answer
Founder
Multiple Choice Single Answer
Question
The copy right is
Correct Answer
Incorporal property
Select The Blank
Question
The expression stale bill of lading is used in ________ practice
Correct Answer
banking
True/False
Question
Invented words, coined words, fancy words are all synonymous terms.
Correct Answer
True
Multiple Choice Single Answer
Question
The legal principle that the Bank is entitled ro reject documents which do not strictly
confirm with the terms of the credit is the
Correct Answer
Doctrine of strict compliance
Select The Blank
Question
The burden of proof for recovery under the insurance is that of the ________
Correct Answer
Assured
Select The Blank
Question
The marine insurance covers all riskof loss or damage to the subject - matter insured
except ________clauses
Correct Answer
Exclusion clauses
Multiple Choice Single Answer
Question
The international carriage of goods is to a large extent, still conducted on the basis of
paper work by using
Correct Answer
transport documents
True/False
Question
A patentee or his licensee is not granted exclusive right to exploit the invention
Correct Answer
False
True/False
Question
The arbitrator , like a judge, has power to order the inspection of the object in dispute.
Correct Answer
True
Multiple Choice Single Answer
Question
The single most important document in International Trade and forms the very basis of a
large volume in international trade is
Correct Answer
L/C
True/False
Question
Ii is in the public interest to encourage the marketing of the products having defects that
can be sold in lower price to the public.
Correct Answer
False
Select The Blank
Question
It would be infringed by making a ________ copy of the topographical arrengement.
Correct Answer
facsimile
Multiple Choice Multiple Answer
Question
Paries convention lay down the basic principle governing protection of
Correct Answer
Patents , Trademarks , Industrial design
Multiple Choice Multiple Answer
Question
A general average act has to satify the followling requirements. It must be
Correct Answer
In time of peril , An extraordinary sacrifice or expenditure , Purposely resorted to
Multiple Choice Multiple Answer
Question
Paris convention is applicable to industrial property
Correct Answer
Inventions , Trade marks , Service marks
Multiple Choice Single Answer
Question
The insured value specified in the policy is the
Correct Answer
Agreed Value
True/False
Question
Time policies may cover a fixed priod of twelve months on the continuation clause
Correct Answer
False
Multiple Choice Multiple Answer
Question
The letter of cradit should state which of the methods have been chosen by the parties
namely,
Correct Answer
Payment at sight , Deferred payment , Acceptance or negotiance
Multiple Choice Multiple Answer
Question
There ia absence of free consent if the agreement is induced by
Correct Answer
Coercion , Undue influence , Misrepresentation
True/False
Question
In the United States, most commercial arbitration are governed by the United States
Arbitration Act
Correct Answer
True
True/False
Question
Arbitration has a contract and non judicial element.
Correct Answer
False
Correct Answer
True
True/False
Question
The principles relating to the ordinary letters of credit dosen't apply to standby credits
Correct Answer
False
Multiple Choice Multiple Answer
Question
In a few exceptional cases the assured is barred from recovering the overpaid portions of
the premium
Correct Answer
If the double insurance was effected by the aassured knowingly , If a claim has been paid
for the full sum insured , if the policies were effected at different times
Select The Blank
Question
If the carrier or his agent negligently misdates the bill, the carrier as principal is liable
in________
Correct Answer
damages
PGDIB_SEM_2_INT_COMM_LAW_2.
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
If there is a possibility possibility of rising market price during the transit of the goods,
the assured has who has covered the goods under an ordinery policy can obtain a so called
Correct Answer
Increased value policy
Select The Blank
Question
In legal phraseology there is no privity of ________ between customer and manufacturer
Correct Answer
Contract
True/False
Question
The defination of patent includes mere discovery of a scientific principle
Correct Answer
False
True/False
Question
The buyer is entitled to refuse the acceptance of the goods if they are packed in
accordance of his instructions
Correct Answer
False
Multiple Choice Single Answer
Question
The single most important document in International Trade and forms the very basis of a
large volume in international trade is
Correct Answer
L/C
Select The Blank
Question
The container leasing contract providees that the lessee has to pay ________if he retains
the container beyond stipulated time
Correct Answer
Liquidated damages
True/False
Question
The law of products liability governs the public litigation of product accidents
Correct Answer
False
Multiple Choice Single Answer
Question
The trading Invoice should state the
Correct Answer
Name and addresses of seller and buyer
Multiple Choice Multiple Answer
Question
Following are not registerable under the Emblems and Names (Prevention of improper
use ) Act, 1950.
Correct Answer
Mahatma Gandhi , Pandit Nehru , Shivaji Maharaj
Multiple Choice Single Answer
Question
The most frequent method of payment for goods is the export trade is
Correct Answer
Letter of credit
Multiple Choice Multiple Answer
Question
The contractual nature of arbituration determines questions , which are not free from
controversy . The question are
Correct Answer
Whether arbitration himself can decide conclusively , whether it the arbitration clause is
contained in the original contract , whether the arbitation clause itself is under cloud
Multiple Choice Multiple Answer
Question
A general average act has to satify the followling requirements. It must be
Correct Answer
In time of peril , An extraordinary sacrifice or expenditure , Purposely resorted to
The expression literary work covers work which is expressed in print or writing
irrespective of whether the quality or styal is high
Correct Answer
True
True/False
Question
In the case of a confirmed credit, the engagement of the advising bank to the beneficiary
is not stated in the letter of advise.
Correct Answer
False
Multiple Choice Single Answer
Question
Industrial design is design elements in
Correct Answer
Industrial produced articles
True/False
Question
In the socialist countries arbitration tribunals are constituted for dealing with commercial
disputes
Correct Answer
True
Select The Blank
Question
The marine insurance covers all riskof loss or damage to the subject - matter insured
except ________clauses
Correct Answer
Exclusion clauses
Select The Blank
Question
Under f.o.b contract the cost of loading is usually included in the ________charges which
are to paid by the buyer
Correct Answer
Freight
True/False
Question
Arbitration is the most convenient machinery to settle the dispute.
Correct Answer
True
Select The Blank
Question
The shipper is entitled to demand that the bill of lading should be________ correctly
Correct Answer
dated
Multiple Choice Single Answer
Question
The consumer's main concern is in the
Correct Answer
Quality of what they are buying
True/False
Question
The floating policy is not a time policy but the aggregation of voyage policies
Correct Answer
True
Multiple Choice Multiple Answer
Question
NewZealan prohibits and restricts certain types of paking like
Correct Answer
The use of hay , The use of chaff , The use of rice husk
Multiple Choice Multiple Answer
Question
Other documents inluded in the shipping documents are
Correct Answer
Certificate of origin , Certificate of quality , Certificate of inspection
True/False
Question
The principles relating to the ordinary letters of credit dosen't apply to standby credits
Correct Answer
False
Multiple Choice Multiple Answer
Question
In a few exceptional cases the assured is barred from recovering the overpaid portions of
the premium
Correct Answer
If the double insurance was effected by the aassured knowingly , If a claim has been paid
for the full sum insured , if the policies were effected at different times
Match The Following
Question
Correct Answer
GATT
Member India
India, a party
TRIPS agreemnt
PGDIB_SEM_2_INT_COMM_LAW_3.
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Select The Blank
Question The clause Arrival means that the seller has to cause delivery to be madeto the
buyer from the ________
Correct Answer Ship
Multiple Choice Single Answer
Question The court of Arbitration does not itself disputes but if the parties have not
agreed on the arbitrator (s) , the court appoints
Correct Answer An arbitrator
place of business to open a letter of credit , The advising bank informs the exporter that it
will negotiate, his draft upon delivery of the transport document
Multiple Choice Multiple Answer
Question In stand by letters of credit, the bank may also be instructed to authorise
another bank against the stipulated documents to
Correct Answer Pay bills of exchange , Accept bills of exchange , Negotiate bills of
exchange
Multiple Choice Single Answer
Question The law relating to letters of credit is founded on the principle of
Correct Answer The doctrine of strict performance
Multiple Choice Multiple Answer
Question The correct dating of the bill of lading is a important matter. It is material in
three legal relationships
Correct Answer In the content of carriage , In the contract of sale , In relation to the
banks under a letter of credit
Multiple Choice Single Answer
Question Land transport (Road), the international convention is
Correct Answer the CMR
True/False
Question In the case of a confirmed credit, the engagement of the advising bank to the
beneficiary is not stated in the letter of advise.
Correct Answer False
Multiple Choice Single Answer
Question If the seller requires payment before the deferred payment credit matures, he
can obtain it by
Correct Answer Negotiating the Letter of Credit
True/False
Question Infringement of patent takes place, normally during Industrial or Commercial
activities
Correct Answer True
Select The Blank
Correct Answer
Member India
India, a party
TRIPS agreemnt
GATT
True/False
Question The two types of contract of carriage by sea is contracts evident by bill of
lading and contracts containing perils
Correct Answer False
Multiple Choice Multiple Answer
Question Dramatic work includes
Correct Answer work of dance and mine , the scenario for a film , the script for a film
True/False
Question The computer programmes have been included in the ambit of patentability
Your Answer
The Slip
,
,
,
,
,
Question Apolicy which specifies the agreed value of the subject mateer
insured
Correct Answer A valued policy
Your Answer
A valued policy
Multiple Choice Multiple Answer
Question Other documents inluded in the shipping documents are
Correct Answer Certificate of origin , Certificate of quality , Certificate of
inspection
Your Answer
Certificate of origin , Certificate of quality , Certificate of
inspection
True/False
Question Infringement of patent takes place, normally during Industrial
or Commercial activities
Correct Answer True
Your Answer
True
True/False
Question In the case o fliterary work like encyclopedia dictionaries, year
books etc., i.e. where there is collective work and output, there is a joint
authorship.
Correct Answer False
Your Answer
True
Multiple Choice Single Answer
Question Where the subject - matter is insured from one point to another
isa
Correct Answer Voyage policy
Your Answer
Voyage policy
Multiple Choice Single Answer
Question The container is normally shipped under an ordinary
Correct Answer Shipped bill of lading
Your Answer
Container bill of lading
Multiple Choice Multiple Answer
Question Classification of contracts by it's validity are
Correct Answer Unenforceable contract , Voidable contract , Illegal
contract
Your Answer
Voidable contract , Illegal contract , Unenforceable
contract
Multiple Choice Single Answer
Question The most frequent method of payment for goods is the export
trade is
Correct Answer
Your Answer
Letter of credit
Letter of credit
Your Answer
Quality control
Opinion
Quality control
The
marketing
maticulous precautions
maticulous precautions
Who
True/False
Question The arbitrator , like a judge, has power to order the inspection
of the object in dispute.
Correct Answer True
Your Answer
True
True/False
Question Ii is in the public interest to encourage the marketing of the
products having defects that can be sold in lower price to the public.
Correct Answer False
Your Answer
True
True/False
Question The expression literary work covers work which is expressed in
print or writing irrespective of whether the quality or styal is high
Correct Answer True
Your Answer
True
Multiple Choice Single Answer
Question If the carriage of goods by sea are individual pakages, they are
carried under
Correct Answer bill of lading
Your Answer
bill of lading
Multiple Choice Single Answer
Question It is essential that a patentable invention must possess
Correct Answer Utility
Your Answer
Utility
Multiple Choice Single Answer
Question The law of product safety is
Correct Answer Regulatory law
Your Answer
Regulatory law
Select The Blank
Question A ' would be patentee may endanger his own chances by any
sort of publicity ________ registration of a patent
Correct Answer Before
Your Answer
Before
Multiple Choice Multiple Answer
Question Paris convention is applicable to industrial property
Correct Answer Inventions , Trade marks , Service marks
Your Answer
Inventions , Trade marks , Service marks
True/False
Question The two types of contract of carriage by sea is contracts
evident by bill of lading and contracts containing perils
Correct Answer False
Your Answer
False
Select The Blank
Question The container leasing contract providees that the lessee has to
pay ________if he retains the container beyond stipulated time
Correct Answer Liquidated damages
Your Answer
Liquidated damages
Multiple Choice Multiple Answer
Question Translation , editorial work involves
Correct Answer Ammendments , Explanation , Compilation
Your Answer
Ammendments , Explanation , Compilation
Multiple Choice Single Answer
Question The novelty of an invention is to be recognized from the angle
of
Correct Answer Manner of manufacture
Your Answer
Manner of manufacture
Multiple Choice Multiple Answer
Question The shipping document consist of mainly
Correct Answer A clean bill of lading , Amarine insurance policy , The
invoice
Your Answer
A clean bill of lading , Amarine insurance policy , The
invoice
Multiple Choice Multiple Answer
Question NewZealan prohibits and restricts certain types of paking like
Correct Answer The use of hay , The use of chaff , The use of rice husk
Your Answer
The use of hay , The use of chaff , The use of rice husk
True/False
Question The buyer is entitled to refuse the acceptance of the goods if
they are packed in accordance of his instructions
Correct Answer False
Your Answer
False
Match The Following
Question
Correct Answer
Your Answer
Member India
WTO
India,
TRIPS agreemnt
party
TRIPS agreemnt
True/False
Question Where a cargo is a tender in such a manner as to put an
ordinary careful insurer on inquriy and he fails to inquire a waiver may be
assumed
Correct Answer True
Your Answer
True
Contract
owner
True/False
Question
True
Question
Passing off
multimodel
The policy number , The subject- matter insured , The amount insured
Correct Answer
Your Answer
The ICC court
ICSID
Sponsored by the UN
economic commission
Sponsored by Chartered
Insitute of Arbitration
True/False
Question
False
True/False
Question
False
True/False
Question
True
True/False
Question
True
Settlement
The use of hay , The use of chaff , The use of rice husk
Quasi contract
True/False
Question
False
True/False
Question
Your Answer
False
print or writing
Price
Ship
bill of lading
Correct Answer
Your Answer
Voidable agreement
Promise
Consideration
Cash or kind
Cash or kind
Contract
Legal obligation
Legal obligation
Proposal accepted
Promise
Executary contract
True/False
Question
In the case o fliterary work like encyclopedia dictionaries, year books etc.,
i.e. where there is collective work and output, there is a joint authorship.
Correct Answer False
Your Answer
False
Formulation
Unenforceable by Law
Question
True
Supervening
Liquidated damages
Founder
charter party
Leased
True/False
Question
False
SCDL_PGDIB_SEM2_ICL_2_GROUP
SCDL_2005_PGDIB
SUMEETKUMARJAIN@YAHOO.COM
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question
False
Illegal in Law
SCDL_PGDIB_SEM2_ICL_3_GROUP
SCDL_2005_PGDIB
SUMEETKUMARJAIN@YAHOO.COM
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
charter party
legal
True/False
Question
True
True/False
Question
True
transmission
Correct Answer
Your Answer
Computer work
SCDL_PGDIB_SEM2_ICL_4_GROUP
SCDL_2005_PGDIB
SUMEETKUMARJAIN@YAHOO.COM
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question
The floating policy is not a time policy but the aggregation of voyage
policies
Correct Answer True
Your Answer True
Select The Blank
Question In some cases, the transaction may not involve a sale. The product may
have been ________ or loaned by the owner
Correct Answer Leased
Your Answer Leased
Select The Blank
Question In legal phraseology there is no privity of ________ between customer
and manufacturer
Correct Answer Contract
Your Answer Contract
Select The Blank
Question The unpaid seller has also a ________ interest in them untill the buyer is
deemed to have accepted the goods
Correct Answer Defensible
Your Answer Contingent
True/False
Question
Words which do not describe the character or quality of goods are
registerable.
Correct Answer True
Your Answer False
True/False
Question The seller pays all the charges upto the loading of goods at the address of
buyer
Correct Answer False
Your Answer True
Multiple Choice Multiple Answer
Question Arbitration tribunals have been consituted in
Correct Answer Poland , Czekoslovakia , Hungary
Your Answer Poland , Czekoslovakia , Hungary
True/False
Question
Under through Bills of Lading Covering on Carriage by air, the air
consignment is a document of title but bill of lading is not.
Correct Answer False
Your Answer
False
::Your
:: Quality
:: Who
::Opinion
:: The
Your Answer
Unenforceable by Law
Question An electrical terminal for washing meachine was held registrable because
a potential customer may decide to buy it solely for its utility
Correct Answer False
Your Answer False
Multiple Choice Single Answer
Question The broker wright the essentials of the proposed insurance in cuetomery
abbreviationson a document called
Correct Answer The Slip
Your Answer The Slip
Multiple Choice Multiple Answer
Question Classification of contracts by it's validity are
Correct Answer Voidable contract , Illegal contract , Unenforceable contract
Your Answer Voidable contract , Illegal contract , Unenforceable contract
Multiple Choice Multiple Answer
Question
The Lioyd's marine policy form is schedule into which the following
information is to be inserted
Correct Answer
The policy number , The subject- matter insured , The amount
insured
Your Answer The policy number , The subject- matter insured , The amount insured
SCDL_PGDIB_SEM_2_ICL_5_4SET_A
Multiple Choice Multiple Answer
Question
The Indian Court have summed up the following ingredients or
elements to settle the Questions of similarity of two marks.
Correct Answer
Overall construction , Phonetic Similarity , The overall
similarity
Multiple Choice Single Answer
Question
Legal status of protection of trade mark can be acquired either by
Correct Answer
Prolonged use of trade mark by registration
Multiple Choice Multiple Answer
Question
Classification of contracts by it's validity are
Correct Answer
Voidable contract , Illegal contract , Unenforceable
contract
Multiple Choice Single Answer
Question
The very purpose of a mark is to
Correct Answer
Distinguish the goods of service from another
True/False
Question
Once registered with WIPO, a Trade Mark is protected in each
member country
Correct Answer
True
Multiple Choice Single Answer
Question
A contract in which the parties agree that a false invoice be isued
is
Correct Answer
Unenforceable by Law
Select The Blank
Question
In legal phraseology there is no privity of ________ between
customer and manufacturer
Correct Answer
Contract
True/False
Question
The frustration occures whenever the Law recognizes that with
default of either party a contractual obligation has become incapable of being
performed
Correct Answer
True
True/False
Question
If certain occures which are beyond their control such clauses are
known as force Majeure Clauss
Correct Answer
True
True/False
Question
Once there is non disclouser, be it fraudulent negligient or
innocent, the aggrieved paryt is entitled to elect whether he would avoid or affirm
the contract
Correct Answer
True
Multiple Choice Single Answer
Question
The legal principle that the Bank is entitled ro reject documents
which do not strictly confirm with the terms of the credit is the
Correct Answer
Doctrine of strict compliance
True/False
Question
Invented words, coined words, fancy words are all synonymous
terms.
Correct Answer
True
Multiple Choice Single Answer
Question
The most frequent method of payment for goods is the export
trade is
Correct Answer
Letter of credit
ICSID
European Arbitration
Sponsored by the UN economic commission Sponsored
by the UN economic commission
True/False
Question
Purchasers cannot try out drugs to determine whether they kill or
cure
Correct Answer
True
Multiple Choice Single Answer
Question
The single most important document in International Trade and
forms the very basis of a large volume in international trade is
Correct Answer
L/C
Match The Following
Question
Correct Answer Your Answer
Application for Registration of Trademarks
office of Trademark Registry
Procedure for registration of trade mark
Purpose of mark Distinguish the goods of one trader from those of another
Distinguish the goods of one trader from those of another
Application for registration under the Trademark Act, 1999
Single application
Trademark
Question
The shipping document consist of mainly
Correct Answer
A clean bill of lading , Amarine insurance policy , The
invoice
Select The Blank
Question
The________ expoter has no locas standi under GATT
Correct Answer
Individual
Multiple Choice Multiple Answer
Question
Following word marks other than surnames are registerable. They
are
Correct Answer
Personal names , Geographical names , Names of sect
Multiple Choice Single Answer
Question
The law of product safety is
Correct Answer
Regulatory law
Select The Blank
Question
The marine insurance covers all riskof loss or damage to the
subject - matter insured except ________clauses
Correct Answer
Exclusion clauses
Select The Blank
Question
The rights of the copyright ________ may be roughly classified
into reproduction rights and performing rights.
Correct Answer
owner
Multiple Choice Multiple Answer
Question
The following attracts copyright once the choice and arrangement
of source material is more than mimimal,I.e a piece of
Correct Answer
Historical writing , A new report , A selection of poetry
Multiple Choice Single Answer
Question
Arbitration under the Rules of ICC is open to
Correct Answer
Members and non members
Select The Blank
Question
The impact of appeal to the consumers has been the________of
the sales
Correct Answer
Black bone
True/False
Question
The open cover may be limited in time while the floating policy is
normally limited to twelve months
Correct Answer
True
Correct Answer
True
True/False
Question
In the case of joint authorship, the term of copyright is in relation
to the author who dies first
Correct Answer
False
SCDL_PGDIB_SEM_2_ICL_5_4SET_B
Select The Blank
Question
The burden of proof for recovery under the insurance is that of the
________
Correct Answer
Assured
Multiple Choice Single Answer
Question
An administrative commission for concilliation is constituted at the
ICC and for each dispute a conciliation committee of three members is set up by the
Correct Answer
President of ICC
Multiple Choice Single Answer
Question
The broker wright the essentials of the proposed insurance in
cuetomery abbreviationson a document called
Correct Answer
The Slip
Select The Blank
Question
In legal phraseology there is no privity of ________ between
customer and manufacturer
Correct Answer
Contract
True/False
Question
The law of products liability governs the public litigation of product
accidents
Correct Answer
False
Multiple Choice Multiple Answer
Question
The contractual nature of arbituration determines Questions ,
which are not free from controversy . The Question are
Correct Answer
Whether arbitration himself can decide conclusively ,
whether it the arbitration clause is contained in the original contract , whether the
arbitation clause itself is under cloud
Multiple Choice Single Answer
Question
A contract in which the parties agree that a false invoice be isued
is
Correct Answer
Unenforceable by Law
Correct Answer
contract
Quality control
Important issue of vertical privity is Who can be sued The marketing process
Sales talk
maticulous precautions
Who can be
True/False
Question
The expression literary work covers work which is expressed in
print or writing irrespective of whether the quality or styal is high
Correct Answer
True
Multiple Choice Single Answer
Question
If the carriage of goods by sea are individual pakages, they are
carried under
Correct Answer
bill of lading
Multiple Choice Single Answer
Question
It is essential that a patentable invention must possess
Correct Answer
Utility
Multiple Choice Single Answer
Question
The law of product safety is
Correct Answer
Regulatory law
Select The Blank
Question
A ' would be patentee may endanger his own chances by any sort
of publicity ________ registration of a patent
Correct Answer
Before
Multiple Choice Multiple Answer
Question
Paris convention is applicable to industrial property
Correct Answer
Inventions , Trade marks , Service marks
True/False
Question
The two types of contract of carriage by sea is contracts evident by
bill of lading and contracts containing perils
Correct Answer
False
Correct Answer
Manner of manufacture
Member India
GATT
WTO
GATT
India, a party
Member
True/False
Question
Where a cargo is a tender in such a manner as to put an ordinary
careful insurer on inquriy and he fails to inquire a waiver may be assumed
Correct Answer
True
SCDL_PGDIB_SEM_2_ICL_5_4SET_C
Multiple Choice Single Answer
Question If the carriage of goods by sea are carried in bulk, e.g. coal, oil,
grain, the shipper may hise a whole vessel i.e.
Correct Answer charter party
Multiple Choice Multiple Answer
Question A retardation is the machinary to settle the dispute in most
Correct Answer Convient manner , Speedist manner , cheaper manner
Select The Blank
Question The expression stale bill of lading is used in ________ practice
Legalprotection of
computer software
Trade secreat system Computer work
Expressionof thought Original work Original work
Not entitled for
copyright protection
A mere idea A mere idea
Novels, drama, poetry Literary work Literary work
Select The Blank
Question An implied contract is one which is inferred from the
________ of the parties.
Correct Answer Conduct
True/False
Question A patentee or his licensee is not granted exclusive right to
exploit the invention
Correct Answer False
Multiple Choice Single Answer
Question The cost of marine insurance shall be borne by the seller or by the buyer
normally provided by the
Correct Answer Terms of the contract of sale
Select The Blank
Question The assured can insure a consignment of goods from Pune
to Birmingham provided these place are________in the marine policy as the
commencement and destination of the transit
Correct Answer Named
True/False
Question Arbitration has a contract and non judicial element.
Correct Answer False
Select The Blank
Question The shipper is entitled to demand that the bill of lading
should be________ correctly
Correct
Answer
dated
True/False
Question The expression literary work covers work which is
expressed in print or writing irrespective of whether the
quality or styal is high
Correct
Answer
True
Multiple Choice Single Answer
Question The Slip is lodged at
Correct
Answer
Insurance company
True/False
Question The arbitrator as a private judge may not be absolutely
impartial.
Correct Answer False
Multiple Choice Single Answer
Question One of the parties to the marine insurance is Known as
Correct Answer Assured
True/False
Question In the case of literary work like encyclopedia dictionaries, year books etc.,
i.e. where there is collective work and output, there is a joint authorship.
Correct Answer False
Multiple Choice Single Answer
Question The Society Lloyd's has members like
Correct Answer Underwriting
Multiple Choice Single Answer
Question The work under the copyright Act should be
Correct Answer originated from the author
Select The Blank
Question Contracts created by law are called ________.
Correct Answer Quasi contract
Multiple Choice Multiple Answer
Question The root requirement in creating the work is
Correct Answer sufficient skill, fudgement and labour , selection indgement and
experience , selection labour, skill and capital
Multiple Choice Multiple Answer
Question The letter of cradit should state which of the methods
have been chosen by the parties namely,
Correct Answer Payment at sight , Deferred payment , Acceptance or
negotiance
Multiple Choice Single Answer
Question If the goods are sold on the c.i.f.terms, the duty to take
out the policy and pay the cost of insurance is of
Correct Answer Seller
Multiple Choice Multiple Answer
Question The exclusion clauses covers
Correct Answer War exclusion clause , Strike exclusion , Loss or damage
caused by any terrorist
True/False
Question The principles relating to the ordinary letters of credit
dosen't apply to standby credits
for patents
TRIPS agreemnt Paris Convention
Multiple Choice Single Answer
Question Industrial design is design elements in
Correct Answer Industrial produced articles
Multiple Choice Single Answer
Question If no request for conciliation is made or the conciliation
fails, the dispute proceeds to
Correct Answer Arbitration
Multiple Choice Multiple Answer
Question Literary work also covers secondary work on existing
sources provided that it in turn involves literary
Correct Answer
Skill , Labor , Judgment
SCDL_PGDIB_SEM_2_ICL_5_4SET_D
True/False
Question The floating policy is not a time policy but the aggregation of voyage
policies
Correct Answer True
Select The Blank
Question In some cases, the transaction may not involve a sale. The product may
have been ________ or loaned by the owner
Correct Answer Leased
Select The Blank
Question In legal phraseology there is no privity of ________ between customer
and manufacturer
Correct Answer Contract
Select The Blank
Question The unpaid seller has also a ________ interest in them untill the buyer is
deemed to have accepted the goods
Correct Answer Defensible
True/False
Question Words which do not describe the character or quality of goods are
registerable.
Correct Answer True
True/False
Question The seller pays all the charges upto the loading of goods at the address
of buyer
Correct Answer False
Multiple Choice Multiple Answer
Question Arbitration tribunals have been consituted in
Correct Answer Poland , Czekoslovakia , Hungary
True/False
Question Under through Bills of Lading Covering on Carriage by air, the air
consignment is a document of title but bill of lading is not.
Correct Answer False
Select The Blank
Question Copyright protects the ________ of an idea rather than the idea itself.
Correct Answer expression
Multiple Choice Single Answer
Question In a contrat between A, B Of Bombay and Banglore respectively it may
be provided that all dispute between them should be decided by a court in Bombay.
Therefore in case B files a suit in Banglore, A may Sucessfully objected to the
Correct Answer Juridication of courts in Banglore
Multiple Choice Single Answer
Question The customer and manufacture has no
Correct Answer Privity of Contract
Multiple Choice Single Answer
Question GATT is a multilateral treaty that lays down general rules for the cnduct
of
Correct Answer International trade relation
Multiple Choice Multiple Answer
Question The Institute Cargo clauses B covers the loss of or damage to the subject
- matter insured reasonably attributed to
Correct Answer Fire or explosion , Discharge of cargo at a port of distress ,
Earthquake, volcanic eruption or lightening
Select The Blank
Question The burden of proof for recovery under the insurance is that of the
________
Correct Answer Assured
True/False
Question Term of Registration and renewal increased from 7 to 10 years.
Correct Answer True
True/False
Question Ii is in the public interest to encourage the marketing of the products
having defects that can be sold in lower price to the public.
Correct Answer False
Multiple Choice Multiple Answer
Question NewZealan prohibits and restricts certain types of paking like
Correct Answer The use of hay , The use of chaff , The use of rice husk
Multiple Choice Single Answer
Question The trading Invoice should state the
Correct Answer Name and addresses of seller and buyer
SCDL_PGDIB_SEM_2_ICL_SUMEET_22.08.06_1
True/False
Question
True
Contractual
Registerable
Settlement
Time policy
Unpaid insurance
SCDL_PGDIB_SEM_2_ICL_SUMEET_22.08.06_2
True/False
Question
The New York convention represents a progress in the field of International arbitration as
compared to the Geneva provisions
True
Quasi contract
Means
L/C
True/False
Question
Eye
False
SCDL_PGDIB_SEM_2_ICL_SUMEET_ATTEMPT_2_28.08.06
Right
Your Answer
Right
Negligently
Your Answer
Negligently
work of dance and mine , the scenario for a film , the script for a film
Your Answer
work of dance and mine , the scenario for a film , the script for a film
unimodel
Defensible
Correct Answer
True
Your Answer
True
SCDL_PGDIB_SEM_2_ICL_SUMEET_ATTEMPT_3_28.08.06
True/False
Question
Correct
Answer
Your Answer
In the case o fliterary work like encyclopedia dictionaries, year books etc., i.e.
where there is collective work and output, there is a joint authorship.
False
False
True/False
Question
Correct
Answer
Your Answer
Damages
Fine
Product liability and product safety are the phrases used to describe the law
concerning product-related accidents and illness
True
True
Right
Negligently
unimodel
Defensible
True/False
Question
True
True/False
Question
False
Fine
True/False
Question
True
protected
True
True/False
Question Where a cheque is crossed specially, the banker to whom it is
crossed may again cross it specially to another banker, his
agent, for collection.
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question The Articles of Association contains the
Correct Answer Rules , Regulations , Bye-laws
Your Answer Rules , Regulations , Bye-laws
Multiple Choice Multiple Answer
Question Following are the general agents Correct Answer A manager of a branch office , Managing Director of a company ,
Commission agent
Your Answer A manager of a branch office , Managing Director of a company ,
Commission agent
Multiple Choice Multiple Answer
Question An agency by necessity may arise in following three
circumstances,
Correct Answer When an agent exceeds his authority in an emergency , When a
person is entrusted with another's property , In case of husband
and wife
Your Answer When an agent exceeds his authority in an emergency , When a
person is entrusted with another's property , In case of husband
and wife
Multiple Choice Single Answer
Question the authority of the agent as it appears to others is called as
Correct Answer apparent authority
Your Answer apparent authority
Match The Following
Question Correct Answer Your Answer
Minor's Agreement Void ab initio Void ab initio
Threatning to commit Coercion Coercion
Consideration Past, Present and Future Past, Present and Future
Mistake Fact and Law Fact and Law
True/False
Question A contract of sale may either be a sale or an agreement to sell.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question The sale of goods is the most common of all
Correct Answer Commercial contracts
Your Answer Commercial contracts
Multiple Choice Multiple Answer
________
Correct Answer Limited company
Your Answer Limited company
Multiple Choice Multiple Answer
Question Amendments made in the Consumer Protection Act in 1993 are
Correct Answer To add "services" relating to housing constructions , To enable
filing class action complaints , To impose punishment on the
complainant in cases of vexatious complaint.
Your Answer To add "services" relating to housing constructions , To enable
filing class action complaints , To impose punishment on the
complainant in cases of vexatious complaint.
True/False
Question Directors are not allowed to borrow from the private company.
Correct Answer False
Your Answer False
Multiple Choice Multiple Answer
Question Negotiable instrument recognised by law are
Correct Answer Bill of exchange , Cheque , Promissory Note
Your Answer Bill of exchange , Cheque , Promissory Note
Multiple Choice Multiple Answer
Question Following persons can not be called partners
Correct Answer minors , insolvents , co-owners without the agreement to carry
on the business
Your Answer minors , insolvents , co-onwers with the agreement to carry on
the business
True/False
Question An agreement is defined as a contract at its inception.
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question Following are the elements which constitute a partnership
Correct Answer there must be a contract regarding a partnership , there must be
an association of two or more persons
Your Answer there must be a contract regarding a partnership , there must be
an association of two or more persons
Multiple Choice Single Answer
Question The goods, which are identified and agreed upon at the time of a
contract of sale, are known as
Correct Answer Specific goods
Your Answer Specific goods
Multiple Choice Single Answer
Question A Company is created by
Correct Answer Law
Your Answer Law
True/False
Question A company may alter the provisions of its memorandum so as to
change the place of registered office from one state to another
foreign country.
Correct Answer False
Your Answer True
Multiple Choice Single Answer
Question The goods, which are identified and agreed upon at the time of a
contract of sale, are known as
Correct Answer Specific goods
Your Answer Specific goods
Multiple Choice Multiple Answer
Question A company is a legal personality and as such it can
Correct Answer Own its property in its own name , Enjoy its property in its own
name , Dispose of its property in its own name
Your Answer Jointly own property with shareholders , Own its property in its
own name , Enjoy its property in its own name
True/False
Question A minor can be admitted as a partner with the consent of all
other partners.
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question There can not be any partnership where a business is carried on
Correct Answer with a benevolent purpose , where any one of the partners is
entitled to total profit earned
Your Answer with a benevolent purpose , to earn profitto earn profit , where
any one of the partners is entitled to total profit earned
Multiple Choice Multiple Answer
Question Following are the persons who cannot enter into partnership firm
Correct Answer A Burmese Buddhist husband and wife carrying on business ,
the members of Hindu Undivided Family carrying on Family
business
Your Answer A Burmese Buddhist husband and wife carrying on business ,
the members of Hindu Undivided Family carrying on Family
business , persons from minority community
Multiple Choice Single Answer
Question The holder of Negotiable Instrument has a right to
Correct Answer sue for recovery
Your Answer sue for recovery
True/False
Question A company is created by law and not by natural birth.
Correct Answer True
Your Answer True
True/False
Question A contract of sale of goods is a contract whereby the seller
transfers or agrees to transfer the property in goods to the buyer
for a price
Correct Answer True
Your Answer True
Select The Blank
Question Whenever the term illegal contract is used, it involves ________
Correct Answer inconsistency
Your Answer voidity
Select The Blank
Question If any ________ is present while forming the agency then the
relationship of agency becomes contractual.
Correct Answer consideration
Your Answer consideration
True/False
Question An agreement to sell takes place in the case of existing goods or
specific goods.
Correct Answer False
Your Answer False
Multiple Choice Single Answer
Question A partner who invests capital & share profits but do not take
active part in firm's business is
Correct Answer a dormant or sleeping partner
Your Answer a dormant or sleeping partner
Select The Blank
Question Partnership firm can be dissolved by the order of ________
Correct Answer court
Your Answer court
Multiple Choice Multiple Answer
Question The rights of the partners are
Correct Answer right to retire , right to be indemnified , right not to be expelled
Your Answer right to retire , right to be indemnified , right not to be expelled
Match The Following
Question Correct Answer Your Answer
The aggregate value of
the realization made from
the sale
Turnover Turnover
Confirmation by the
company law board
Change of the registered
office from one state to
another
Question The corporate veil under the Companies Act may be lifted in the
following instances
Correct Answer To investigate the real ownership of shares , To investigate the
names and members of the company , To investigate whether
the company is sham
Your Answer To investigate the real ownership of shares , To investigate the
names and members of the company , To investigate whether
the company is sham
Select The Blank
Question The person acting as an agent on behalf of the principal should
act ________.
Correct Answer honestly
Your Answer honestly
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Multiple Choice Multiple Answer
Question The particular partnership automatically comes to an end
Correct Answer on the completion of the venture , at the expiry of the fixed term
Your Answer on the completion of the venture , at the expiry of the fixed term ,
by resignation of almost all the partners
Select The Blank
Question According to Prof. Hanney, "Partnership is the relating existing
between persons competent to make contracts who agree to
carry on a ________"
Correct Answer Lawful business is common with a view to private gain
Your Answer Legal business is common with a view to private gain
Multiple Choice Single Answer
Question Particular partnership business is carried for
Correct Answer particular adventure
Your Answer perpetual adventures
Multiple Choice Multiple Answer
Question During the continuance of the firm, a transfer by a partner of his
interest is the first restricts the transferee to
Correct Answer inspect the books of the firm , require accounts , interfere in the
conduct of a business of a firm
Your Answer inspect the books of the firm , receive the share of profits of the
transferring partner , interfere in the conduct of a business of a
firm
Select The Blank
Question A partner has a right to settle the ________ of the firm out of the
property of the firm.
Correct Answer debts
Your Answer debts
Select The Blank
Question Dissolution of partnership involves a change in ________ of
partners.
Correct Answer relationship
Your Answer relationship
Multiple Choice Multiple Answer
Question In India, some of Negotiable Instruments by usage or custom of
trade are
Correct Answer Government promissory notes , Bankers drafts , Pay off orders
Your Answer Government promissory notes , Bankers drafts , Bills of
exchange
Select The Blank
Question One of the two kinds of presentment of an Instrument is by
________
Correct Answer Payment
Your Answer Payment
Multiple Choice Single Answer
Question Where future Negotiability of Negotiable Instrument is restricted
such endorsement is called
Correct Answer restrictive endorsement
Your Answer conditional endorsement
True/False
Question Railway or S.T. Receipts, Dividend, Warrants, Railway Bonds
are not Negotiable Instrument.
Correct Answer False
Your Answer False
True/False
Question Presumptions do not apply where an instrument is obtained by
fraud, offence or illegal consideration.
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question When an offer is made to world-at-large, the contract is
Correct Answer made with the person who signs or performs the terms and
conditions of the offer
Your Answer made with world-at-large
Multiple Choice Single Answer
Question Which of the following is the essential element of the contract ?
Correct Answer free consent
Your Answer free consent
Multiple Choice Multiple Answer
Question Coercion means and includes
Correct Answer any act forbidden by the Indian Penal Code , any threatening to
commit illegal act
Your Answer any act forbidden by the Indian Contract Act , any threatening to
commit illegal act , act forbidden by any law
True/False
Question An auctioneer has full authority to sell the goods of his principal
by private contracts.
Correct Answer False
Your Answer False
Select The Blank
Question An agency is based upon the ________
Correct Answer consent
Your Answer consent
Multiple Choice Multiple Answer
Question Goods Means
Correct Answer Debentures , Stocks & shares
Your Answer Debentures , Stocks & shares
Multiple Choice Multiple Answer
Question Goods may be classified as
Correct Answer Existing goods , future goods , contingent goods
Your Answer Existing goods , future goods , contingent goods
Multiple Choice Single Answer
Question Lien depends upon
Correct Answer actual possession
Your Answer actual possession
Multiple Choice Single Answer
Question The sale of goods is the most common of all
Correct Answer Commercial contracts
Your Answer Commercial contracts
Multiple Choice Single Answer
Question The goods, which are owned and possessed by the seller at the
time of sale, are known as
Correct Answer Existing goods/Specific goods
Your Answer Existing goods/Specific goods
Multiple Choice Single Answer
Question Where the property in goods has not been transferred, the
unpaid seller has the
Correct Answer right of stop the goods in transit
Your Answer right of stop the goods in transit
Multiple Choice Single Answer
Question If there is a breach of condition, a buyer has an option to claim
Correct Answer Damages
Your Answer Compensation
True/False
Question Contingent goods are a type of specific goods.
Correct Answer False
Your Answer False
Multiple Choice Multiple Answer
Question According to the Consumer Protection Act, 1986, a person
includes
Correct Answer Hindu undivided family , Co-operative society , Individual as well
as juristic person
Your Answer Hindu undivided family , Co-operative society , Individual as well
as juristic person
Select The Blank
Question Spurious goods means goods which are ________
Correct Answer fake
Your Answer fake
Multiple Choice Single Answer
Question The ammended monetary jurisdiction of the state commission
has been increased from
Correct Answer Five lakhs to rupees one crore (check once)
Your Answer Twenty lakhs to rupees one crore
True/False
Question The Act is passed merely to settle the disputes of commercial
transactions.
Correct Answer False
Your Answer False
Match The Following
Question Correct Answer Your Answer
Trade in relation to any
goods
Who distributes goods Who distributes goods
Manufacturer Who makes any goods Who makes any goods
Consumer Dispute Dispute between
consumer and
manufacturer or trader
Dispute between consumer
and manufacturer or trader
Complaint of Consumer Any allegation in writing Any allegation in writing
Multiple Choice Multiple Answer
Question A declaration given for the registration of company is given by
Correct Answer An advocate of Supreme Court , An attorney entitled to appear
before a High Court , A Pleader entitled to appear before a High
Court
Your Answer An advocate of Supreme Court , An attorney entitled to appear
before a High Court , A Pleader entitled to appear before a High
Court
Multiple Choice Single Answer
Question In case of private limited company, minimum number of
members is two while the maximum is
Correct Answer 50
Your Answer 60
Negotiable Instrument.
Correct Answer meaning
Your Answer meaning
Multiple Choice Single Answer
Question The person to whom, Negotiable Instrument is transferred is
entitled to
Correct Answer amount
Your Answer property
Multiple Choice Single Answer
Question A person who takes Negotiable Instruments is known as
Correct Answer holder
Your Answer holder
True/False
Question Presumptions do not apply where an instrument is obtained by
fraud, offence or illegal consideration.
Correct Answer True
Your Answer True
Multiple Choice Multiple Answer
Question Following are the essential elements of fraud
Correct Answer a false representation , intention to deceive and it must have
done before the conclusion of the contract
Your Answer a false representation , mere falsehood insufficient to give right
of action , intention to deceive and it must have done before the
conclusion of the contract
True/False
Question Mental acceptance amounts to an acceptance.
Correct Answer False
Your Answer True
Select The Blank
Question In ________ contract, all the parties perform their promise.
Correct Answer an executed
Your Answer an executed
Select The Blank
Question In a ________ contract, the future event is collateral to the
contract.
Correct Answer Contingent
Your Answer Contingent
True/False
Question The principal can ratify unauthorised act of an agent.
Correct Answer False
Your Answer True
Select The Blank
Question An agent is simply blank a ________ between his principal and
the third party.
Company
Multiple Choice Multiple Answer
Question The memorandum of Association is the most important
document, it acts out
Correct Answer The constitution , The formation , The objectives
Your Answer The constitution , The formation , The objectives
Multiple Choice Multiple Answer
Question The Prospectus is
Correct Answer A document raising share capital , A Prospectus can be, any
notice , Issued to invite the subscription to shares
Your Answer A document raising share capital , A Prospectus can be, any
notice , Issued to invite the subscription to shares
Multiple Choice Multiple Answer
Question A company is registered as an artificial person. It has no
Correct Answer Body , Soul , Conscience
Your Answer Body , Soul , Conscience
Multiple Choice Single Answer
Question A Company is registered as an
Correct Answer Artificial person
Your Answer Artificial person
True/False
Question The Central Government may, by license direct the association
to be registered which is formed as a limited company for
promoting commerce, art etc.
Correct Answer True
Your Answer True
True/False
Question The memorandum and articles shall, when registered, do not
bind the company and the members thereof.
Correct Answer False
Your Answer True
Select The Blank
Question Articles are ________ to and controlled by the memorandum.
Correct Answer subordinate
Your Answer equivalent
Multiple Choice Multiple Answer
Question The corporate veil under the Companies Act may be lifted in the
following instances
Correct Answer To investigate the real ownership of shares , To investigate the
names and members of the company , To investigate whether
the company is sham
Your Answer To investigate the real ownership of shares , To investigate the
names and members of the company , To investigate whether
the company is sham
Your Answer Government promissory notes , Bankers drafts , Pay off orders
Multiple Choice Multiple Answer
Question Bill of exchange must be
Correct Answer in writing , unconditional , stamped
Your Answer in writing , unconditional , stamped
Multiple Choice Single Answer
Question Negotiable Instrument Act came into force in the year
Correct Answer 1882
Your Answer 1881
Multiple Choice Single Answer
Question A partner of a trading or non trading firm signs a Negotiable
Instrument, liability incurs in
Correct Answer the name of the firm
Your Answer the name of the firm
True/False
Question A Bill of Exchange can be crossed.
Correct Answer False
Your Answer False
Multiple Choice Single Answer
Question Quasi Contract is created by
Correct Answer law
Your Answer law
Multiple Choice Single Answer
Question Consensus ad idem means
Correct Answer meeting of minds
Your Answer common intention
True/False
Question A contract entered into by threatening to detain a corpse is a
valid contract.
Correct Answer False
Your Answer False
Select The Blank
Question An offer must create ________ relationship
Correct Answer Legal
Your Answer Legal
Select The Blank
Question Future consideration is also known as ________ consideration.
Correct Answer executory
Your Answer executory
Select The Blank
Question In ________ contract, all the parties perform their promise.
Correct Answer an executed
Your Answer an executed
Multiple Choice Multiple Answer
Question The acts or transactions made by the agent can be ratified if the
of the company
Articles of Association Articles of Association
Document includes any
notice, circulation,
advertisement etc.
Prospectus Prospectus
A company having control
over a subsidiary
company
Holding company Holding company
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Multiple Choice Single Answer
Question Caveat Emptor
Correct Answer Let the buyer beware
Your Answer Let the buyer beware
Multiple Choice Single Answer
Question A Wagering Agreement is
Correct Answer all of the above
Your Answer all of the above
Multiple Choice Multiple Answer
Question Quasi-Contract are
Correct Answer Certain relations resembling those created by a contract , is not
actually a contract
Your Answer Certain relations resembling those created by a contract , is not
actually a contract
Multiple Choice Multiple Answer
Question Following are the conditions needed to prove an act of a partner
is an act of a partnership firm
Correct Answer such a act be done in a ordinary course of a partnership firm , it
must be related to the business of the firm , act must have been
done in the name and on behalf of the firm
Your Answer such a act be done in a ordinary course of a partnership firm , it
must be related to the business of the firm , act must have been
done in the name and on behalf of the firm
True/False
Question Statutory meeting is to held once in life time of a company.
Correct Answer True
Your Answer True
True/False
Question Express conditions and warranties are those which have been
agreed upon by the parties at the time of the contract but they do
not form a part of the contract.
Correct Answer True
Your Answer False
goods
Transfer of property in
goods
Unascertained goods Generic goods Generic goods
Contract of sales Executed contract Executed contract
Multiple Choice Multiple Answer
Question Goods means
Correct Answer growing crops , stocks & shares
Your Answer growing crops , stocks & shares
Select The Blank
Question Principal ________ Held liable for the contracts entered into
through his agent and also ________ Arising from the acts done
by his agents
Correct Answer is
Your Answer is
Correct Answer obligations
Your Answer obligations
Multiple Choice Single Answer
Question A proposal when accepted becomes a
Correct Answer Promise
Your Answer Promise
True/False
Question A Cheque is always payable on demand
Correct Answer True
Your Answer True
Select The Blank
Question ________ agent has very ________ Powers
Correct Answer universal
Your Answer universal
Correct Answer extensive
Your Answer extensive
Multiple Choice Single Answer
Question An agents mode of remuneration
Correct Answer may vary.
Your Answer may vary.
Multiple Choice Single Answer
Question The amount of fine imposed on a partnership firm which is not
registered is
Correct Answer Nill
Your Answer Nill
Match The Following
Question Correct Answer Your Answer
Fraud Promise without intending
to perform it
An implied contract is one which is inferred from the ________ of the parties.
Correct Answer
Conduct
Multiple Choice Single Answer
Question
If there is a possibility possibility of rising market price during the transit of the
goods, the assured has who has covered the goods under an ordinery policy can
obtain a so - called
Correct Answer
Increased value policy
Multiple Choice Single Answer
Question
Where the subject - matter is insured from one point to another isa
Correct Answer
Voyage policy
Multiple Choice Single Answer
Question
If the carriage of goods by sea are carried in bulk, e.g. coal, oil, grain, the shipper
may hise a whole vessel i.e.
Correct Answer
charter party
Multiple Choice Single Answer
Question
The trading Invoice should state the
Correct Answer
Name and addresses of seller and buyer
Select The Blank
Question
True
Multiple Choice Single Answer
Question
The single most important document in International Trade and forms the very basis
of a large volume in international trade is
Correct Answer
L/C
True/False
Question
Ii is in the public interest to encourage the marketing of the products having defects
that can be sold in lower price to the public.
Correct Answer
False
Select The Blank
Question
It would be infringed by making a ________ copy of the topographical arrengement.
Correct Answer
facsimile
Multiple Choice Multiple Answer
Question
Paries convention lay down the basic principle governing protection of
Correct Answer
Patents , Trademarks , Industrial design
Multiple Choice Multiple Answer
Question
A general average act has to satify the followling requirements. It must be
Correct Answer
In time of peril , An extraordinary sacrifice or expenditure , Purposely resorted to
Multiple Choice Multiple Answer
Question
Paris convention is applicable to industrial property
Correct Answer
Inventions , Trade marks , Service marks
Multiple Choice Single Answer
Question
The insured value specified in the policy is the
Correct Answer
Agreed Value
True/False
Question
Time policies may cover a fixed priod of twelve months on the continuation clause
Correct Answer
False
Multiple Choice Multiple Answer
Question
The letter of cradit should state which of the methods have been chosen by the
parties namely,
Correct Answer
Question
Purchasers cannot try out drugs to determine whether they kill or cure
Correct Answer
True
True/False
Question
The principles relating to the ordinary letters of credit dosen't apply to standby
credits
Correct Answer
False
Multiple Choice Multiple Answer
Question
In a few exceptional cases the assured is barred from recovering the overpaid
portions of the premium
Correct Answer
If the double insurance was effected by the aassured knowingly , If a claim has been
paid for the full sum insured , if the policies were effected at different times
Select The Blank
Question
If the carrier or his agent negligently misdates the bill, the carrier as principal is liable
in________
Correct Answer
damages
PGDIB_SEM_2_INT_COMM_LAW_2.
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Multiple Choice Single Answer
Question
The copy right is
Correct Answer
Incorporal property
Select The Blank
Question
An implied contract is one which is inferred from the ________ of the parties.
Correct Answer
Conduct
Select The Blank
Question
The clause Arrival means that the seller has to cause delivery to be madeto the buyer
from the ________
Correct Answer
Ship
Multiple Choice Multiple Answer
Question
The correct dating of the bill of lading is a important matter. It is material in three
legal relationships
Correct Answer
In the content of carriage , In the contract of sale , In relation to the banks under a
letter of credit
Select The Blank
Question
India is a signatory and indeed a ________ member of GATT
Correct Answer
Founder
Multiple Choice Multiple Answer
Question
Paris convention is applicable to industrial property
Correct Answer
Inventions , Trade marks , Service marks
Select The Blank
Question
The burden of proof for recovery under the insurance is that of the ________
Correct Answer
Assured
Multiple Choice Multiple Answer
Question
A contract may be frustrated because subsequent to the conclusion the govt. has
prohibited its performance are
Correct Answer
By place an embargo on the exportation of the goods sold , By place an embargo on
the Importation of the goods sold , By the imposition of restructive regulation
regardng Licenses and quota
Select The Blank
Question
The invoice ________is to be stated as the terms of the contract
Correct Answer
Price
Select The Blank
Question
Copyright protects the ________ of an idea rather than the idea itself.
Correct Answer
expression
Multiple Choice Single Answer
Question
The Slip is lodged at
Correct Answer
Insurance company
True/False
Question
The open cover may be limited in time while the floating policy is normally limited to
twelve months
Correct Answer
True
Multiple Choice Single Answer
Question
Legal status of protection of trade mark can be acquired either by
Correct Answer
Prolonged use of trade mark by registration
True/False
Question
Invented words, coined words, fancy words are all synonymous terms.
Correct Answer
True
Multiple Choice Single Answer
Question
If there is a possibility possibility of rising market price during the transit of the
goods, the assured has who has covered the goods under an ordinery policy can
obtain a so - called
Correct Answer
Increased value policy
Select The Blank
Question
In legal phraseology there is no privity of ________ between customer and
manufacturer
Correct Answer
Contract
True/False
Question
The defination of patent includes mere discovery of a scientific principle
Correct Answer
False
True/False
Question
The buyer is entitled to refuse the acceptance of the goods if they are packed in
accordance of his instructions
Correct Answer
False
Multiple Choice Single Answer
Question
The single most important document in International Trade and forms the very basis
of a large volume in international trade is
Correct Answer
L/C
Select The Blank
Question
The container leasing contract providees that the lessee has to pay ________if he
retains the container beyond stipulated time
Correct Answer
Liquidated damages
True/False
Question
The law of products liability governs the public litigation of product accidents
Correct Answer
False
Multiple Choice Single Answer
Question
The trading Invoice should state the
Correct Answer
Name and addresses of seller and buyer
True/False
Question In the case o fliterary work like encyclopedia dictionaries, year
books etc., i.e. where there is collective work and output, there is a joint
authorship.
Correct Answer False
Your Answer True
Multiple Choice Single Answer
Question Where the subject - matter is insured from one point to another
isa
Correct Answer Voyage policy
Your Answer Voyage policy
Multiple Choice Single Answer
Question The container is normally shipped under an ordinary
Correct Answer Shipped bill of lading
Your Answer Container bill of lading
Multiple Choice Multiple Answer
Question Classification of contracts by it's validity are
Correct Answer Unenforceable contract , Voidable contract , Illegal
contract
Your Answer Voidable contract , Illegal contract , Unenforceable
contract
Multiple Choice Single Answer
Question The most frequent method of payment for goods is the export
trade is
Correct Answer Letter of credit
Your Answer Letter of credit
Multiple Choice Single Answer
Question The single most important document in International Trade and
forms the very basis of a large volume in international trade is
Correct Answer L/C
Your Answer L/C
Select The Blank
Question ________ has no eastablished status in Law but are admissible
in evidence against the seller if litigation ensues between him and buyer
Correct Answer Letters of Insurance
Your Answer Letters of credit
Multiple Choice Single Answer
Question If the carriage of goods by sea are carried in bulk, e.g. coal, oil,
grain, the shipper may hise a whole vessel i.e.
Correct Answer charter party
Your Answer charter party
Multiple Choice Single Answer
Question The law relating to letters of credit is founded on the principle
of
Correct Answer The doctrine of strict performance
Your Answer The doctrine of strict performance
Multiple Choice Single Answer
Question The trading Invoice should state the
Correct Answer Name and addresses of seller and buyer
Your Answer Name and addresses of seller and buyer
Multiple Choice Multiple Answer
Question Dramatic work includes
Correct Answer work of dance and mine , the scenario for a film , the
script for a film
Your Answer work of dance and mine , the scenario for a film , the
True/False
Question Purchasers cannot try out drugs to determine
whether they kill or cure
Correct Answer True
Your Answer True
Multiple Choice Single Answer
Question The single most important document in
International Trade and forms the very basis of a
large volume in international trade is
Correct Answer L/C
Your Answer L/C
Match The Following
Question Correct Answer Your Answer
Application for
Registration of
Trademarks
office of Trademark
Registry
Procedure for
registration of trade
mark
Purpose of mark Distinguish the goods
of one trader from
those of another
Distinguish the goods
of one trader from
those of another
Application for
registration under
the Trademark Act,
1999
Trademark Single application
Registration of
Trademarks
Single application office of Trademark
Registry
Multiple Choice Multiple Answer
Question In stand by letters of credit, the bank may also be
instructed to authorise another bank against the
stipulated documents to
Correct Answer Pay bills of exchange , Accept bills of exchange ,
Negotiate bills of exchange
Your Answer Pay bills of exchange , Accept bills of exchange ,
Negotiate bills of exchange
Multiple Choice Single Answer
Question The law relating to letters of credit is founded on
the principle of
Correct Answer The doctrine of strict performance
Your Answer The doctrine of strict compliance
Select The Blank
Question A ' would be patentee may endanger his own
chances by any sort of publicity ________
registration of a patent
Correct Answer Before
Your Answer Before
Question Copyright protects the ________ of an idea rather than the idea
itself.
Correct Answer expression
Your Answer expression
True/False
Question If the document is merely a receipt, the Hague-Vishy Rules apply.
Correct Answer False
Your Answer True
Select The Blank
Question The commercial aims of the parties to the copntract are defeated
not by their fault but by force of ________circumstrances
Correct Answer Supervening
Your Answer Superficial
Multiple Choice Single Answer
Question If the seller requires payment before the deferred payment credit
matures, he can obtain it by
Correct Answer Negotiating the Letter of Credit
Your Answer Negotiating the Letter of Credit
Select The Blank
Question The clause Arrival means that the seller has to cause delivery to be
madeto the buyer from the ________
Correct Answer Ship
Your Answer Ship
True/False
Question Arbitration in the socialist countries are similar in some respects
from that in the countries of free economy
Correct Answer False
Your Answer False
Multiple Choice Single Answer
Question Paries to an agreement may restrict the the right of either party to
issuing
Correct Answer Particular court
Your Answer Particular court
Multiple Choice Multiple Answer
Question Where payment under a letter of credit is arranged, the stages can
normally be distinguished
Correct Answer The exporter and the overseas buyer agree in the contract of sale
that payment shall be made under a letter of credit , The overseas
buyer instructs a bank at his place of business to open a letter of
credit , The advising bank informs the exporter that it will
negotiate, his draft upon delivery of the transport document
Your Answer The exporter and the overseas buyer agree in the contract of sale
that payment shall be made under a letter of credit , The overseas
buyer instructs a bank at his place of business to open a letter of
credit , The advising bank informs the exporter that it will
negotiate, his draft upon delivery of the transport document
Multiple Choice Single Answer
Question To avoid anything in the nature of set off or counter claim, a letter
of credit is given by a
Correct Answer Bank to the seller
Your Answer Bank to the seller
Select The Blank
Question If the carrier or his agent negligently misdates the bill, the carrier
as principal is liable in________
Correct Answer damages
banking
Your
Answer
legal
True/False
Question In the case of a confirmed credit, the engagement of the
advising bank to the beneficiary is not stated in the letter
of advise.
Correct
Answer
False
Your
Answer
True
True/False
Question In practice revocable credits are not widely used and
irrevocable credits are in frequent use.
Correct
Answer
True
Your
Answer
True
Select The Blank
Question Broadcasting is considered to be ________ by wireless
telegraphy capable of being lawfully received by members
of pubilc.
Correct
Answer
transmission
Your
Answer
transmission
Match The Following
Question Correct Answer Your Answer
Legalprotection of
computer software
Trade secreat system Computer work
Expressionof thought Original work Original work
Not entitled for
copyright protection
A mere idea A mere idea
Novels, drama, poetry Literary work Literary work
Select The Blank
Question An implied contract is one which is inferred from the
________ of the parties.
Correct
Answer
Conduct
Your
Answer
Gesture
True/False
Question A patentee or his licensee is not granted exclusive right to
exploit the invention
Correct
Answer
False
Your
Answer
True
Multiple Choice Single Answer
Question The cost of marine insurance shall be borne by the seller
or by the buyer normally provided by the
Correct
Answer
Terms of the contract of sale
Your
Answer
Terms of the contract of sale
Select The Blank
Question The assured can insure a consignment of goods from Pune
to Birmingham provided these place are________in the
marine policy as the commencement and destination of
the transit
Correct
Answer
Named
Your
Answer
Given
True/False
Question Arbitration has a contract and non judicial element.
Correct
Answer
False
Your
Answer
True
Select The Blank
Question The shipper is entitled to demand that the bill of lading
should be________ correctly
Correct
Answer
dated
Your
Answer
dated
True/False
Question The expression literary work covers work which is
expressed in print or writing irrespective of whether the
quality or styal is high
Correct
Answer
True
Your
Answer
True
Multiple Choice Single Answer
Question The Slip is lodged at
Correct
Answer
Insurance company
Your
Answer
Insurance company
True/False
Question The arbitrator as a private judge may not be absolutely
impartial.
Correct
Answer
False
Your
Answer
True
Multiple Choice Single Answer
Question One of the parties to the marine insurance is Known as
Correct
Answer
Assured
Your
Answer
Assured
True/False
Question In the case of literary work like encyclopedia dictionaries,
year books etc., i.e. where there is collective work and
output, there is a joint authorship.
Correct
Answer
False
Your
Answer
True
Multiple Choice Single Answer
Question The Society Lloyd's has members like
Correct
Answer
Underwriting
Your
Answer
Overwriting
Multiple Choice Single Answer
Question The work under the copyright Act should be
Correct
Answer
originated from the author
Your
Answer
originated from the author
Select The Blank
Question Contracts created by law are called ________.
Correct
Answer
Quasi contract
Your
Answer
Valid contract
Multiple Choice Multiple Answer
Question The root requirement in creating the work is
Correct
Answer
sufficient skill, fudgement and labour , selection
indgement and experience , selection labour, skill and
capital
Your
Answer
sufficient skill, fudgement and labour , selection
indgement and experience , selection labour, skill and
capital
Multiple Choice Multiple Answer
Question The letter of cradit should state which of the methods
have been chosen by the parties namely,
Correct
Answer
Payment at sight , Deferred payment , Acceptance or
negotiance
Your
Answer
Payment at sight , Deferred payment , Acceptance or
negotiance
Multiple Choice Single Answer
Question If the goods are sold on the c.i.f.terms, the duty to take
out the policy and pay the cost of insurance is of
Correct
Answer
Seller
Your
Answer
Seller
Multiple Choice Multiple Answer
Question The exclusion clauses covers
Correct
Answer
War exclusion clause , Strike exclusion , Loss or damage
caused by any terrorist
Your
Answer
War exclusion clause , Strike exclusion , Loss or damage
caused by any terrorist
True/False
Question The principles relating to the ordinary letters of credit
dosen't apply to standby credits
Correct
Answer
False
Your
Answer
False
Multiple Choice Multiple Answer
Question The correct dating of the bill of lading is a important
Answer
Freight
Select The Blank
Question Copyright protects the ________ of an idea rather than
the idea itself.
Correct
Answer
expression
Your
Answer
expression
True/False
Question If the document is merely a receipt, the Hague-Vishy
Rules apply.
Correct
Answer
False
Your
Answer
True
Select The Blank
Question The commercial aims of the parties to the contract are
defeated not by their fault but by force of
________circumstances
Correct
Answer
Supervening
Your
Answer
Superficial
Multiple Choice Single Answer
Question If the seller requires payment before the deferred
payment credit matures, he can obtain it by
Correct
Answer
Negotiating the Letter of Credit
Your
Answer
Negotiating the Letter of Credit
Select The Blank
Question The clause Arrival means that the seller has to cause
delivery to be made to the buyer from the ________
Correct
Answer
Ship
Your
Answer
Ship
True/False
Question Arbitration in the socialist countries are similar in some
respects from that in the countries of free economy
Correct
Answer
False
Your
Answer
False
Multiple Choice Single Answer
Question Paries to an agreement may restrict the the right of either
party to issuing
Correct
Answer
Particular court
Your
Answer
Particular court
Multiple Choice Multiple Answer
Question Where payment under a letter of credit is arranged, the
stages can normally be distinguished
Correct
Answer
The exporter and the overseas buyer agree in the contract
of sale that payment shall be made under a letter of
credit , The overseas buyer instructs a bank at his place of
business to open a letter of credit , The advising bank
informs the exporter that it will negotiate, his draft upon
delivery of the transport document
Your
Answer
The exporter and the overseas buyer agree in the contract
of sale that payment shall be made under a letter of
credit , The overseas buyer instructs a bank at his place of
business to open a letter of credit , The advising bank
informs the exporter that it will negotiate, his draft upon
delivery of the transport document
Multiple Choice Single Answer
Question To avoid anything in the nature of set off or counter claim,
a letter of credit is given by a
Correct
Answer
Bank to the seller
Your
Answer
Bank to the seller
Select The Blank
Question If the carrier or his agent negligently misdates the bill,
the carrier as principal is liable in________
Correct
Answer
damages
Your
Answer
loss
Multiple Choice Single Answer
Question The UNCITRAL Conciliation Rules, like the Arbitration
Rules, apply only of the parties have
Correct
Answer
Adopted them
Your
Answer
Adopted them
Match The Following
Question Correct Answer Your Answer
India is a signatory
and indeed a founder
member
GATT GATT
World Trade
Organization
Member India WTO
Intellectual Property
Rights Agreement
(TRIPS)_
India, a party TRIPS agreemnt
Duration of 20 years
for patents
TRIPS agreemnt Paris Convention
Multiple Choice Single Answer
Question Industrial design is design elements in
Correct
Answer
Industrial produced articles
Your
Answer
Industrial produced articles
Multiple Choice Single Answer
Question If no request for conciliation is made or the conciliation
fails, the dispute proceeds to
Correct
Answer
Arbitration
Your
Answer
Arbitration
Multiple Choice Multiple Answer
Question Literary work also covers secondary work on existing
sources provided that it in turn involves literary
Correct
Answer
Skill , Labor , Judgment
Your
Answer
Skill , Labor , Judgment
SCDL_PGDIB_SEM2_ICL_4_GROUP
SCDL_2005_PGDIB
SUMEETKUMARJAIN@YAHOO.COM
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
True/False
Question The floating policy is not a time policy but the aggregation of voyage
policies
Correct Answer True
Your Answer True
Select The Blank
Question In some cases, the transaction may not involve a sale. The product may
have
been ________ or loaned by the owner
Correct Answer Leased
Your Answer Leased
Select The Blank
Question In legal phraseology there is no privity of ________ between customer and
manufacturer
Correct Answer Contract
Your Answer Contract
Select The Blank
Question The unpaid seller has also a ________ interest in them untill the buyer is
deemed to have accepted the goods
Correct Answer Defensible
Your Answer Contingent
True/False
Question Words which do not describe the character or quality of goods are
registerable.
Correct Answer True
Your Answer False
True/False
Question The seller pays all the charges upto the loading of goods at the address of
buyer
Correct Answer False
Your Answer True
Multiple Choice Multiple Answer
Question Arbitration tribunals have been consituted in
Correct Answer Poland , Czekoslovakia , Hungary
Your Answer Poland , Czekoslovakia , Hungary
True/False
Question Under through Bills of Lading Covering on Carriage by air, the air
consignment is a document of title but bill of lading is not.
Correct Answer False
Your Answer False
Select The Blank
Question Copyright protects the ________ of an idea rather than the idea itself.
Correct Answer expression
Your Answer expression
Multiple Choice Single Answer
Question In a contrat between A, B Of Bombay and Banglore respectively it may be
provided that all dispute between them should be decided by a court in Bombay.
Therefore in case B files a suit in Banglore, A may Sucessfully objected to the
Correct Answer Juridication of courts in Banglore
Your Answer Juridication of courts in Banglore
Multiple Choice Single Answer
Question The customer and manufacture has no
Correct Answer Privity of Contract
Your Answer Privity of Contract
Multiple Choice Single Answer
Question GATT is a multilateral treaty that lays down general rules for the cnduct of
Correct Answer International trade relation
Your Answer International trade relation
Multiple Choice Multiple Answer
Question The Institute Cargo clauses B covers the loss of or damage to the subject matter insured reasonably attributed to
information is to be inserted
Correct Answer The policy number , The subject- matter insured , The amount insured
Your Answer The policy number , The subject- matter insured , The amount insured
SCDL_PGDIB_SEM_2_1CL_SUMEETKUMARJAIN
Multiple Choice Multiple Answer
Question The Indian Court have summed up the following ingredients or elements to
settle the questions of similarity of two marks.
Correct Answer Overall construction , Phonetic Similarity , The overall similarity
Multiple Choice Single Answer
Question Legal status of protection of trade mark can be acquired either by
Correct Answer Prolonged use of trade mark by registration
Multiple Choice Multiple Answer
Question Classification of contracts by it's validity are
Correct Answer Voidable contract , Illegal contract , Unenforceable contract
Multiple Choice Single Answer
Question The very purpose of a mark is to
Correct Answer Distinguish the goods of service from another
True/False
Question Once registered with WIPO, a Trade Mark is protected in each member
country
Correct Answer True
Multiple Choice Single Answer
Question A contract in which the parties agree that a false invoice be isued is
Correct Answer Unenforceable by Law
Select The Blank
Question In legal phraseology there is no privity of ________ between customer and
manufacturer
Correct Answer Contract
True/False
Question The frustration occures whenever the Law recognizes that with default of
either party a contractual obligation has become incapable of being performed
Correct Answer True
True/False
Question If certain occures which are beyond their control such clauses are known as
force Majeure Clauss
Correct Answer True
True/False
Question Once there is non disclouser, be it fraudulent negligient or innocent, the
aggrieved paryt is entitled to elect whether he would avoid or affirm the contract
Correct Answer True
Multiple Choice Single Answer
Question The legal principle that the Bank is entitled ro reject documents which do
not strictly confirm with the terms of the credit is the
Correct Answer Doctrine of strict compliance
True/False
Question Invented words, coined words, fancy words are all synonymous terms.
Correct Answer True
Multiple Choice Single Answer
Question The most frequent method of payment for goods is the export trade is
Correct Answer Letter of credit
Multiple Choice Single Answer
Question The customer and manufacture has no
Correct Answer Privity of Contract
Multiple Choice Multiple Answer
Question NewZealan prohibits and restricts certain types of paking like
Correct Answer The use of hay , The use of chaff , The use of rice husk
Multiple Choice Single Answer
Question In a contrat between A, B Of Bombay and Banglore respectively it may be
provided that all dispute between them should be decided by a court in Bombay.
Therefore in case B files a suit in Banglore, A may Sucessfully objected to the
Correct Answer Juridication of courts in Banglore
Select The Blank
Question The invoice ________is to be stated as the terms of the contract
Correct Answer Price
True/False
Question The buyer is entitled to refuse the acceptance of the goods if they are
packed in accordance of his instructions
Correct Answer False
Select The Blank
Question In some cases, the transaction may not involve a sale. The product may
have been ________ or loaned by the owner
Correct Answer Leased
Multiple Choice Multiple Answer
Question The following may not be treated as invented words.
Correct Answer Misspelling , Compounding of existing descriptive word , Words
framed by mere addition of adjective prefixes or suffixes
Match The Following
Question Correct Answer Your Answer
The most important institution for the arbitral settlement of International trade
disputes The ICC court The ICC court
The administrative and financial regulations ICSID ICSID
European Arbitration Sponsored by the UN economic commission Sponsored by the
UN economic commission
The London court of International arbitration Sponsored by Chartered Insitute of
Arbitration Sponsored by Chartered Insitute of Arbitration
True/False
Question Purchasers cannot try out drugs to determine whether they kill or cure
Correct Answer True
Multiple Choice Single Answer
Question The single most important document in International Trade and forms the
very basis of a large volume in international trade is
Correct Answer L/C
Match The Following
Question Correct Answer Your Answer
Application for Registration of Trademarks office of Trademark Registry Procedure for
registration of trade mark
Purpose of mark Distinguish the goods of one trader from those of another
Distinguish the goods of one trader from those of another
Application for registration under the Trademark Act, 1999 Trademark Single
application
Registration of Trademarks Single application office of Trademark Registry
Multiple Choice Multiple Answer
Question In stand by letters of credit, the bank may also be instructed to authorise
another bank against the stipulated documents to
Correct Answer Pay bills of exchange , Accept bills of exchange , Negotiate bills of
exchange
Multiple Choice Single Answer
Question The law relating to letters of credit is founded on the principle of
Correct Answer The doctrine of strict performance
Select The Blank
Question A ' would be patentee may endanger his own chances by any sort of
publicity ________ registration of a patent
Correct Answer Before
Multiple Choice Multiple Answer
Question The shipping document consist of mainly
Correct Answer A clean bill of lading , Amarine insurance policy , The invoice
Select The Blank
Question The________ expoter has no locas standi under GATT
Correct Answer Individual
Multiple Choice Multiple Answer
Question Following word marks other than surnames are registerable. They are
Correct Answer Personal names , Geographical names , Names of sect
Multiple Choice Single Answer
Question The law of product safety is
Correct Answer Regulatory law
Select The Blank
Question The marine insurance covers all riskof loss or damage to the subject matter insured except ________clauses
Important issue of vertical privity is Who can be sued The marketing process
Sales talk Opinion maticulous precautions
An automobile or high speed machinery maticulous precautions Who can be sued
Multiple Choice Multiple Answer
Question A general average act has to satify the followling requirements. It must be
Correct Answer In time of peril , An extraordinary sacrifice or expenditure ,
Purposely resorted to
True/False
Question The arbitrator , like a judge, has power to order the inspection of the object
in dispute.
Correct Answer True
True/False
Question Ii is in the public interest to encourage the marketing of the products having
defects that can be sold in lower price to the public.
Correct Answer False
True/False
Question The expression literary work covers work which is expressed in print or
writing irrespective of whether the quality or styal is high
Correct Answer True
Multiple Choice Single Answer
Question If the carriage of goods by sea are individual pakages, they are carried
under
Correct Answer bill of lading
Multiple Choice Single Answer
Question It is essential that a patentable invention must possess
Correct Answer Utility
Multiple Choice Single Answer
Question The law of product safety is
Correct Answer Regulatory law
Select The Blank
Question A ' would be patentee may endanger his own chances by any sort of
publicity ________ registration of a patent
joint authorship.
Correct Answer False
Multiple Choice Single Answer
Question The Society Lloyd's has members like
Correct Answer Underwriting
Multiple Choice Single Answer
Question The work under the copyright Act should be
Correct Answer originated from the author
Select The Blank
Question Contracts created by law are called ________.
Correct Answer Quasi contract
Multiple Choice Multiple Answer
Question The root requirement in creating the work is
Correct Answer sufficient skill, fudgement and labour , selection indgement and
experience , selection labour, skill and capital
Multiple Choice Multiple Answer
Question The letter of cradit should state which of the methods have been
chosen by the parties namely,
Correct Answer Acceptance or negotiance , Payment at sight , Deferred payment
Multiple Choice Single Answer
Question If the goods are sold on the c.i.f.terms, the duty to take out the
policy and pay the cost of insurance is of
Correct Answer Seller
Multiple Choice Multiple Answer
Question The exclusion clauses covers
Correct Answer War exclusion clause , Strike exclusion , Loss or damage caused by
any terrorist
True/False
Question The principles relating to the ordinary letters of credit dosen't apply
to standby credits
Correct Answer False
Multiple Choice Single Answer
Question If the parties have arranged a payment at sight credit, the advising
bank is instructed to arrange for the payment
Correct Answer to the seller, due on presentation of their documents
Multiple Choice Single Answer
Question Patent once granted for an invention is an intellectual property
which remains in force for a
Correct Answer Specific period of time
Multiple Choice Multiple Answer
Question Following conventions establish international filing system
Correct Answer European Patent Convention , Patet Cooperation Treaty , Madrid
most
Correct Answer Convient manner , Speedist manner , cheaper manner
Select The Blank
Question The expression stale bill of lading is used in ________ practice
Correct Answer banking
True/False
Question In the case of a confirmed credit, the engagement of the advising bank to
the beneficiary is not stated in the letter of advise.
Correct Answer False
True/False
Question In practice revocable credits are not widely used and
irrevocable credits are in frequent use.
Correct
Answer
True
Select The Blank
Question Broadcasting is considered to be ________ by wireless
telegraphy capable of being lawfully received by members
of pubilc.
Correct Answer transmission
Match The Following
Question Correct Answer Your Answer
Legalprotection of
computer software
Trade secreat system Computer work
Expressionof thought Original work Original work
Not entitled for
copyright protection
A mere idea A mere idea
Novels, drama, poetry Literary work Literary work
Select The Blank
Question An implied contract is one which is inferred from the
________ of the parties.
Correct Answer Conduct
True/False
Question A patentee or his licensee is not granted exclusive right to
exploit the invention
Correct Answer False
Multiple Choice Single Answer
Question The cost of marine insurance shall be borne by the seller or by the buyer
normally provided by the
Correct Answer Terms of the contract of sale
Select The Blank
Question The Institute Cargo clauses B covers the loss of or damage to the subject matter insured reasonably attributed to
Correct Answer Fire or explosion , Discharge of cargo at a port of distress ,
Earthquake, volcanic eruption or lightening
Select The Blank
Question The burden of proof for recovery under the insurance is that of the ________
Correct Answer Assured
True/False
Question Term of Registration and renewal increased from 7 to 10 years.
Correct Answer True
True/False
Question Ii is in the public interest to encourage the marketing of the products having
defects that can be sold in lower price to the public.
Correct Answer False
Multiple Choice Multiple Answer
Question NewZealan prohibits and restricts certain types of paking like
Correct Answer The use of hay , The use of chaff , The use of rice husk
Multiple Choice Single Answer
Question The trading Invoice should state the
Correct Answer Name and addresses of seller and buyer
Multiple Choice Single Answer
Question Industrial design is design elements in
Correct Answer Industrial produced articles
Match The Following
Question Correct Answer Your Answer
Legalprotection of computer software Trade secreat system Trade secreat system
Expressionof thought Original work Original work
Not entitled for copyright protection A mere idea Computer work
Novels, drama, poetry Literary work A mere idea
Match The Following
Question Correct Answer Your Answer
The manufacturing process Quality control Quality control
Important issue of vertical privity is Who can be sued Who can be sued
Sales talk Opinion maticulous precautions
True/False
Question The computer programmes have been included in the ambit of patentability
Correct Answer False
Select The Blank
Question The shipper is entitled to demand that the bill of lading should be________
correctly
Correct Answer dated
Multiple Choice Single Answer
Question A contract in which the parties agree that a false invoice be isued is
Correct Answer Unenforceable by Law
Select The Blank
Question Under f.o.b contract the cost of loading is usually included in the
________charges which are to paid by the buyer
Correct Answer Freight
Select The Blank
Question When the consumer deals with the retailer rather than directly with the
manufacture he establishes a ________ relationship
Correct Answer Contractual
Select The Blank
Question ________ has no eastablished status in Law but are admissible in evidence
against the seller if litigation ensues between him and buyer
Correct Answer Letters of Insurance
Multiple Choice Multiple Answer
Question The exclusion clauses covers
Correct Answer War exclusion clause , Strike exclusion , Loss or damage caused by
any terrorist
Select The Blank
Question The rights of the copyright ________ may be roughly classified into
reproduction rights and performing rights.
Correct Answer owner
Multiple Choice Multiple Answer
Question The theories of liability may be divided into three groups
Correct Answer Negligence , Misrepresentation, both tortions and by breach of
warranty , Strict liabilty in tort for defective products
True/False
Question The buyer is entitled to refuse the acceptance of the goods if they are
packed in accordance of his instructions
Correct Answer False
Multiple Choice Multiple Answer
Question Paries convention lay down the basic principle governing protection of
Correct Answer Patents , Trademarks , Industrial design
True/False
Question An electrical terminal for washing meachine was held registrable because a
potential customer may decide to buy it solely for its utility
Correct Answer False
Multiple Choice Single Answer
Question The broker wright the essentials of the proposed insurance in cuetomery
abbreviationson a document called
Correct Answer The Slip
Multiple Choice Multiple Answer
Question Classification of contracts by it's validity are
Correct Answer Voidable contract , Illegal contract , Unenforceable contract
Multiple Choice Multiple Answer
Question The Lioyd's marine policy form is schedule into which the following
information is to be inserted
Correct Answer The policy number , The subject- matter insured , The amount
insured
SCDL_PGDIB_SEM_2_ICL_SUMEET_22.08.06_1
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Neither the carrier nor the ship would be responsible for loss or
damage arising or resulting from
Act of God , Act of War , Quarantine restriction
Act of God , Act of War , Quarantine restriction
The unpaid seller has also a ________ interest in them untill the
buyer is deemed to have accepted the goods
Defensible
Defensible
Arbitration is close to court proceedings than conciliation.
True
True