BL Quiz Final

 Basic62
 Moderate61
 High77
 Subject Details : Business Law (MBA 2101)200
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Question : 1
(Click To Delete) Uploaded By : Shaifali Garg on 04 Jan, 2018 01:02 PM
The Indian Contract Act was passed in the Year
A. 1930
B. 1932
C. 1872
D. 1972
 Answer : Option 3
Question : 2
Consideration must move at the desire of
A.THE PROMISOR
B.THE PROMISEE
C.THE STRANGER
Question : 3
Consideration must be something which the promisor is:
A. already bound to do
B. is already not bound to do
C. may voluntarily do
D. must not do
Question : 4
An agreement made without consideration is:
A.Valid
B. Illegal
C. Voidable
D. void
Question : 5
An express offer must be in
A. Writing
B. Oral
C. Either in Writing or in oral
D. implied
Question : 6
An advertisement to pay reward to anyone who traces the missing boy is
A. Specific offer
B. General offer
C. Cross offer
D. Counter offer
Question : 7
An advertisement to sell goods by auction is
A. An offer
B .Invitation to offer
C .General offer
D. Auction
Question : 8
An offer to invite a friend a friend for dinner creates
A. Legal obligation
B .Do not create legal obligation
C. Must create legal obligation as it may waste the time and money of invitee.
Question : 9
A specific offer can be accepted by
A. Anyone
B .By the person to whom offer is made
C. By the person to whom offer is made or on his behalf his agent
D. None of the above
Question : 10
Lapse of offer can be by
A. A By revocation
B. By lapse of time
C .By death of offerror
D .By counter offer
E .All of the above
Question : 11
Valid offer includes
A .Intention to create legal obligation
B .Certain and unambiguous terms
C .Different from mere declaration of intention
D. All of the above
Question : 12
Menu card of hotel is an example of
A .Offer
B .Invitation to offer
C .General offer
D .Specific offer
Question : 13
Similar Cross offer made at the same time
A .Does count to acceptance
B. Does not count to acceptance
C. Depends on both parties
D .All of the above
Question : 14
Acceptance can be made by
A. any person
B .Only intended person
C. Government
D. Offeror
Question : 15
Acceptance can be made
A .without the knowledge of offer
B .Only if you have a knowledge of offer
C. Weather aware or not, no matters
D. None of these
Question : 16
A proposal when accepted becomes a
A .offer
B .Acceptance
C. An agreement
D. Promise
Question : 17
Offer can be accepted by
A Express acceptance
B Implied acceptance
C By express or implied both
Question : 18
Acceptance must be made in
A. usual way
B. Reasonable manner
C. Usual and reasonable manner
D. Unusual and unreasonable manner
Question : 19
Time limit for giving an acceptance where no time is mentioned will be
A. By last day of the month

B. By the end of financial year
C. Reasonable time
D. As and when offeree gets time
Question : 20
Which is wrong for valid acceptance?
A. Before the lapse of time

B. Must be in absolute and unqualified
C. If no reply, then will be considered as accepted
D. By the person to whom it is made
Question : 21
An act constituting consideration must be done by the
A. Promisee
B. By the Promissor
C. Not A not B
D. By Promisee or any other person
Question : 22
Carlil v Cabolic smoke ball Co. is the case related to
A. Consideration
B. Intention to create legal obligation
C. Acceptance
D. General Offer
Question : 23
Completed gift need no consideration
A. True
B. False
C. None of the above
Question : 24
Consideration need
A To be adequate
B Not to be adequate
C. depends on case to case
D Let the court decide
Question : 25
Promise to put life back in the dead body
A. a valid consideration
B .Not valid consideration
C. May be because science has developed.
D Can't say
Question : 26
Contract without consideration is always void.
A. True
B. False
C. in case of time barred debt it is valid
D. In case of Natural love and affection but no near relation, its true
Question : 27
For entering in to a contract a person should be of
A .Above 18 years
B .18 years
C. 21 years
D. 18 and above
Question : 28
One can make a contact when
A. He is of unsound mind
B .Some time of sound mind
C. Some time of sound mind, some time unsound mind
D .Some time of sound mind, some time unsound mind, but at the time of contact, he must be of
sound mind.
Question : 29
Coercion Means
A. Threatening to commit suicide

B .Unlawful detaining
C .Threatening to detain
D .All of the above
Question : 30
Which is not true for acceptance
A.Mental acceptance is no acceptance

B Writing a letter and not posting it is no acceptance
C. Giving the acceptance but not in agreed manner is no acceptance
D. Giving the acceptance after the lapse of time
Question : 31
Which is not true for Quasi contract
A .Obligation is imposed by law
B .Some essential of valid contract are missing
C .A suit for its breach may be filed in same as in case of a complete contract
D. Based on the principle of International law
Question : 32
Under section 68 Necessaries supplied includes
A. Expenses on study
B expenses on food , shelter
C Will be decided on the basis of current time/status etc
D Membership of club
Question : 33
Under section 71 responsibility of finder of goods
A. Can keep the found goods with him

B. can keep the goods with him till true owner takes back, but also try to find the true owner
C . Must search the true owner even at the expenses more the cost of the goods
D .All of the above
Question : 34
Finder of goods is responsible to
A. Return the goods
B return the goods and accretion of goods
C Must return the goods, accretion of goods, can change the payment which he made for proper
custody of goods
Question : 35
Under section 69 where there is a right to recover money paid for another, the person paying the
money must have
A. Interest in the contract
B. Not necessarily have interest in the contract
C. Interest must be of the person on whom due are left
D. can't say
Question : 36
Quasi-contract is a half contract
A. True
B. False
C.None of the above
Question : 37
Quasi contract is based on the principle of
A Natural justice
B Equality
C. Darvin
D. Equity
Question : 38
If you have consumed or used the goods of other, but by the mistake of other only, you are
A. Not bound to pay

B. Bound to pay
C. Will settle as you are already lawyer
D. Will show him rule under contract Act
Question : 39
A tradesman leaves the goods at B house by mistake. B treats the goods as his own. This
situation comes under
A.Right to recover for non-gratuitous acts
B. Right to recover for Gratuitous act
C. Responsibility under sec 69 right to recover money paid by another
Question : 40
Quasi contract start from
A. Section 66 to sec 70
B. Sec 68 to Sec 72
C. Sec 70 to Sec 74
D. Sec 74 to Sec 78
Question : 41
Bailment can be of
A .Movable property
B .immovable property
C .of movable and immovable both
D. All of above
Question : 42
In Bailment, Delivery of goods can be
A actual
B Symbolic
C Constructive
D. All of above
Question : 43
Gold jewels delivered to a bank locker is
A. Pledge
B .Indemnity
C .Bailment
Question : 44
In case of non-gratuitous bailment
A.consideration is involved
B consideration is not involved
C. Full consideration is not involved
Question : 45
The bailor must repay to the bailee all the extraordinary expenses which the bailee has already
incurred for the purpose of bailment.
A True
B False
C.None of the above
Question : 46
Gratuitous bailment is for benefit of
A. bailor
B. bailee
C. Both
D. Law
Question : 47
Essential element of bailment includes
A . Agreement
B .Delivery of goods
C. Purpose
D. Return of specific goods in same or desired form
E .All of the above
Question : 48
Under Gratuitous bailment, bailor is bound to disclose
A. Defects known to him
B. Defects even not known to him.
C. Defects known and unknown
D. all of the above
Question : 49
Duty of Bailee do not include
A. Take care of goods
B. Not to make unauthorized use
C .Duty to return the goods
D. Duty to keep the accretion of goods
Question : 50
If the bailee has mixed the goods of bailor with his goods, the expenses to segregate will be
borne by
A. Bailor
B .Bailee.
C .Agent
D. Supplier
Question : 51
Contract of sale includes
A. Sales of goods only
B .Agreement of sell only
C. Sales of goods and agreement to sell both
D. None of these
Question : 52
The consideration for the contract of sale can be in
A. money only
B. goods only
C. Partly in money and partly in goods
D .In new currency only
Question : 53
What is not goods under Contract of sale
A. Stocks and shares
B. Growing crops, Grass agreed to be served under the contract of sale
C. Rare coins
D .new coins
Question : 54
What is not the type of 'goods' under contract of sales
A. Existing goods
B. Future goods
C. Specific goods
D. Durable goods
Question : 55
"Condition" under Contract of sales of goods act
A. Which is collateral to the main purpose of the contract
B. Which is secondary to the main purpose of the contract
C .Which gives right to claim for damages
D .which is essential to the main purpose of the contract
Question : 56
Which of the following is not the example of the implied condition
A. Stipulation as to title
B Stipulation of freedom from encumbrances
C Stipulation in case of sale by sample
D Stipulation as to quality or fitness
Question : 57
Condition as to wholesomeness means
A. Related to title
B. Related to possession
C .Related to Merchantable quality
D. Related to fit for consumption
Question : 58
X bought a bottle of wine. While opening its cork in the normal manner, the bottle broke off and
injured X's hand. This case related to
A Condition as to merchantable quality
B Condition as to Wholesomeness
C Condition implied by custom
D Warranty of freedom from encumbrances
Question : 59
Transfer of property or transfer of general property in goods means
A. transfer of goods
B. transfer of possession
C. transfer of ownership
D. Transfer of Payment from one person to another
Question : 60
Special property in goods means
A. Ownership in goods
B. Possession in goods
C .Transfer of goods
D. Transfer of payment only
Question : 61
If the offeree remain silent it means
A Acceptance
B Non acceptance
C Quasi acceptance
D Cautious Acceptance
Question : 62
"complainant" DOES NOT include —
A .a consumer; or
B.any voluntary consumer association registered under the Companies Act, 1956 (1 of 1956)or
under any other law for the time being in force; or
C.the Central Government or any State Government,
D.one or more consumers, where there are numerous consumers having the s.e interest;
E. Any person who think that around him, wrong is happening.
Question : 63
"complaint" means any allegation in writing made by a complainant BUT DO NOT INCLUDE--
-
A .an unfair trade practice or a restrictive trade practice has been adopted by any trader or service
provider;
B .the goods bought by him or agreed to be bought by him; suffer from one or more defects;
C .the services hired or availed of or agreed to be hired or availed of by him suffer from
deficiency in any respect;
D .the goods he found, belong to someone else, but he kept it as bailee.
Question : 64
Under consumer protection act which level court is not included
A. District level court

B .Regional level court
C. State level court
D. National level court
Question : 65
"consumer dispute" means a dispute where the person against whom a complaint has been
made, denies or disputes the allegations contained in the complaint.
A .True
B. False
C.None of the above
Question : 66
"unfair trade practice" also include falsely represents that the goods are of a particular
standard, quality, quantity, grade, composition, style or model.
A .True
B. False
Question : 67
UTP means
A. Untrade practices
B. Untrue practices
C. Unfair trade practices
D .Untrue trade practices
Question : 68
Kanta Bhakta purchased a pair of bangles and a single bangle from a
jeweller in Dadar. They were .lared to be of 22 carat gold purity and
accordingly she was charged for gold of 22 carat purity plus an additional
.ount as making charges. After the purchase, the bangles were kept in her
locker. Both during Diwali 2010 and at the marriage of a relative, her
daughter used the bangles. By coincidence, the complainant c.e across the
X-ray gold testing facility of Tanishq Jewellers who were offering to check
the purity of gold through an X-ray test which was non-destructive. Out of
sheer curiosity, she had the bangles tested and to her utter disbelief, found
out that they were of less than 17 carat purity and not 22 carat, as had been
represented at the time of the sale. Shaken by this discovery, she
immediately visited the jeweller from whom she had bought the bangles
along with the cash memo. He refused to accept her claim and her efforts to
reason with him were in vain.
Which one is true for the above mentioned case
A. The seller was right, as it goods were used too

B .The buyer have the right to recover the price.
C. She was not able to make seller understand properly.
D. She was rude with seller
Question : 69
Which of the following not comes under right of consumer under consumer protection act
1986
A. Right to safety
B .Right to be entertained
C. Right to be informed
D. Right to be heard
Question : 70
Jurisdiction of the District Forum
A. up to 20 lakhs
B. from 20 lakhs to 1 crore
C. above 1 crore
D. unlimited count, judge may decide.
Question : 71
An unpaid seller has not given notice of resale to the buyer. On the resale there is a loss:
A. The unpaid seller can recover it from the buyer
B. The unpaid seller cannot recover it from the buyer
C .The buyer can recover it from the unpaid seller
D. The buyer must compensate the unpaid seller
Question : 72
An unpaid seller can exercise the right of stoppage in transit when the carrier holds the goods:
A. as seller’s agent
B. as buyer’s agent
C. as agent of both of them
D. in his own name
Question : 73
The right of lien exercised by an unpaid seller is to:
A .retain possession
B. regain possession
C. recover price and other charges
D. damages
Question : 74
An unpaid seller can exercise his right of lien:
A .Where the goods have been sold on credit and term of credit has not expired
B. where the buyer has not become insolvent
C.for the price of goods
D. for the price of goods and for other charges
Question : 75
An unpaid seller can exercise his right of lien:
A. Where the goods have been sold on credit and term of credit has not expired.
B. where the buyer has not become insolvent

C. for the price of goods
D for the price of goods and for other charges

Question : 76
The lien of an unpaid seller depends on:
A. possession
B. title
C. ownership
D. whether the buyer has paid the price or not
Question : 77
who is unpaid seller
A. whose payment has been made by cheque, but cheque not still presented in bank
B. whose payment has not been made because seller gave the credit of two months
C. whose payment has been made by cheque, cheque presented in bank, got bounced
Question : 78
X sold some goods to Y for Rs. 10,000. Y paid Rs. 9,900 but failed to pay the balance, will he be
unpaid seller
A .YES
B. NO
C. Will depend on seller and buyer
D. Court will Decide.
Question : 79
X sold some goods to Y for Rs 10000 on the credit of one month. One month has not yet expired.
May we call him unpaid seller.
A .Yes
B. No
C .Can't say
D. Court will decide
Question : 80
The unpaid seller bound to resale the goods
A true
B false
C.cant say
D. as per law
Question : 81
Anticipatory breach of the contract takes place
A. at the time when performance is due

B . at the time when performance is done
C . at the time when performance is not a question of fact
D. None of the above.
Question : 82
Actual breach of contract may take place during the performance of the contract
A. True
B. false
Question : 83
X is entitle to claim compensation for the work already done in quantum meruit basis
A .true
B. false
Question : 84
What is injunction ?
A .Injection of money to the second party

B. Stay order
C .Stop order
D. Step order
Question : 85
Suit for specific performance means
A. Work to be done by other competent person
B. work to be done by the specific person entered into a contract
C .Work not done, but damage is asked
Question : 86
Which of the following is not Breach of contract ?
A. Actual breach
B. Real breach
C .Anticipatory breach
Question : 87
A remedy is the course of action available to an aggrieved party for the enforcement of the right
under the contract
A. True
B False
Question : 88
Liquidated damages are
A. when damage amount is already fixed.
B .when damage amount is not already fixed.
C .when damage amount is liquid.
D. when damage amount is to be fixed.
Question : 89
Which is not vindictive damage ?
A .Exemplary damage
B. Punitive damage
C. Imprisonment damage
Question : 90
Breach of contract may take place during the performance of the contract
A. True
B .false
Question : 91
What is company?
A. Association of people.
B .Association of people, contributing money .
C. Any organisation registered under company act 2013, or any related previous company law.
Question : 92
What is perpetual succession?
A. Continuous profit
B. The death, insolvency, illness left company unaffected.
C. None of the above
Question : 93
What is separate legal entity?
A. Company is distinct from the members who constitute it.

B. Company has separate legal Building
C. Company will have separate act.
Question : 94
Salomon vs Saloman case is related to
A. Types of Company
B. Registration of company
C. separate legal entity
Question : 95
What is artificial person related to company ?
A. The person who do not have good nature

B. The person who is not having real thoughts and expression
C. The one who always behave improper
D. which exist only in contemplation of law.
Question : 96
What is lifting of corporate veil ?
A. Lifting the curtain from company entrance gate

B. Establishing the identity of the person operating behind the company
Question : 97
Limited liability can be by
A. share
B. guarantee
C. both
Question : 98
If the company is not registered
A.it can be registered at any point of time during business

B.it will be considered as illegal association
Question : 99
Company and registered firms are same thing
A. True
B. False
Question : 100
Max no of members in One person company can be
A. One
B. Two
C, Three
D. seven
Question : 101
The property in goods means
A. Custody of goods
B. Possession of goods
C. Ownership of goods
D. All of these
Question : 102
The goods are at risk of the party who has the
A. Ownership
B. Custody
C. Possession
D. All of these
Question : 103
If seller handed over the keys of the warehouse containing the goods to buyer, it is a
A. Constructive delivery
B. Actual delivery
C. Structured delivery
D. Symbolic delivery
Question : 104
The general Rule is that risk follows ______________ of goods
A. Possession
B. Delivery
C. Ownership
D. All of these
Question : 105
If a person sells the goods after stealing them . In this case buyer gets
A. Good title
B. No title
C. Valid title
Question : 106
The appropriate place of delivery in case of goods agreed to be sold is
A. Where the buyer desires

B. Where the goods are at the times of sale
C. At the place at which they are at the time of agreement to sell
D. Place where goods are manufactured
Question : 107
In case of sale of Unascertained goods, the ownership transferred to the buyer,when the goods
are
A.Ascertained
B.Appropriated to the contract
C. Both a and b
D. None of these
Question : 108
Delivery by endorsing bill of lading or railway receipt to the buyer is examples of
A. Constructive delivery
B.Actual delivery
C.Structured delivery
D.Symbolic delivery
Question : 109
Unless otherwise agreed,the buyer is
A.Bound to accept installment delivery
B.Not bound to accept installment delivery
Question : 110
Where the goods are delivered to the carrier for the purpose of transmission to the buyer, the
delivery is
A.valid
B.Invalid
C.Conditional
D.None of these
Question : 111
Pvt company must have members
A. 2-max 200
B. min 7- max 200
C. min 2-max unlimited
Question : 112
Public company must have members
A. min 2-max 7
B. min 2 max-200
C. min 7-max unlimited
Question : 113
Pvt company have restriction on transferability on shares.
A. true
B .false
C. cant say
Question : 114
OPC i.e. ONE PERSON COMPANY is
A. hybrid of partnership and company act

B. Combination of bailment and pledge
C. combination of contract and guarantee
Question : 115
Govt companies are
A. having government employees

B having more than 50 % shares owned by govt.
C. Having more then 50% share owned by govt. either state or central government.
Question : 116
Holding company is
A. which is declared as holding company

B. which is having control over the composition of director of other company and/or having
more then half share capital under it control
C.Which is having more then half of total share capital
Question : 117
public company can be converted into private company by special resolution
A. true
B. false
Question : 118
Small company is having
A. having share capital of not exceeding 50 lakhs-not more than 5 crore

B. urn over not exceeding 32 crore but not more then 25 crore in any case
C. all of the above
Question : 119
OPC (one person company) need to write OPC after the Name of company
A. true
B. false
Question : 120
Memorandum of association is
A. contains fundmental conditions upon which alone the company has been incorporated.
B. Subsidiary to AOA
C. Both A and B
Question : 121
Which is not true : Under MOA, Name clause says
A. names should not be identical to other company n.e

B. names need to be paint or affix outside office or place where business is carried out
C. have its Name engraved in legible characters on its seal
D. Name can be identical if both company do not have problem
Question : 122
MOA includes
A. Name clause, Regd. office , Objective clause, Liability clause, capital clause, association
clause.
B. Name clause, Objective clause, Liability clause, capital clause.
C. Name clause, Regd. office , Objective clause, Liability clause, capital clause, assocaition
clause
D. Name clause, Regd. office , Objective clause, capital clause, assocaition clause
Question : 123
MOA is for internal management
A. true
B. false
Question : 124
MOA and AOA both can be .ended with retrospective effective
A. true
B. false
C. cant say
Question : 125
Which is true from MOA
A. Memorandum of association lays down the area beyond which the activities of the company
cannot go
B. Memorandum of association lays down the area beyond which the activities of the company
can go
C. Memorandum of association lays down the area beyond which the activities of the company
can go if mentioned in AOA
Question : 126
The doctrine of indoor management is an ______to the doctrine of
constructive notice
A.Exception
B. Extension
C. Alternative
Question : 127
The doctrine of _________ does not apply to acts void ab initio.
A. Ultra virus
B. Intra virus
C. constructive notice
D. Indoor management
Question : 128
A company can change its Nameat its own discretion by passing _________
A. Ordinary resolution
B. Special resolution
C. Boards resolution
Question : 129
Signature of memorandum and articles should be done by ___________ number of persons in
case of public company
A. 7
B. 5
C. 4
D. None of these
Question : 130
Private Company need not issue prospectus
A. Yes
B. No
Question : 131
Private Company need not issue prospectus
A. Yes
B. No
Question : 132
_______are the prospectus issued instead of full prospectus
A. Abridged
B. Statement in lieu
C.Shelf
D. Red herring
Question : 133
What is the liability of an expert for misstatement _________
A. Fine – 50,000
B. Imprison – 2 years
C.Both a) & b)
Question : 134
_________ prospectus were issued in order to test the market before finalizing issue size/ price.
A. Deemed
B. Shelf
C. Red herring
Question : 135
how many members should sign the MOA in case of private company?
A. 1
B.. 3
C. 2
D.4
Question : 136
How many members should sign the MOA in case of public company?
A.1
B.2
C.5
D.7
Question : 137
ultra vires means -------
A. beyond the power

B.with the power
C. both
D. none of these
Question : 138
Address of the registered office is situated in
A. MOA
B. AOA
C. Prospectus
D. None of these
Question : 139
______ conceives the idea of the business
A. Promoters
B. Directors
C. Auditors
Question : 140
Every company must appoint at least one director.
A. True
B. False
Question : 141
Minimum no. of Directors in case of a public company is __________
A. 1
B. 2
C. 3
D. 4
Question : 142
Age limit of Directors in case of private company is _________
A. 65
B. 70
C.75
D. No limit
Question : 143
If the company failed to refund application money with in 130 days from the date of issue of
prospectus on non receipt of minimum subscription who will be personally liable.
A. Company
B. Directors
C. Shareholders
D. None of these
Question : 144
X, is a director of X Company and X is also a director of Y Company this means X Co. and Y
Co.
both are same
A. True
B. False
Question : 145
X Co. having control on Board of Directors of Y Co. Can we say that Y Co. is subsidiary of X
Co.
A.Yes
B. No
Question : 146
Can we call director as the brain of the company
A. True
B. False
Question : 147
Director selection is based on proportional representation
A. True
B. False
Question : 148
What is the position of director
A. as trustee
B. as agent
C. as managing partner
D. all of the above
Question : 149
General duties of directors do not include
A. duty of good faith

B. duty to delegate
C. duty of care
D. all of above
Question : 150
Quorum should be present at the
A. Commencement of meeting
B. Middle of the meeting
C. End of the meeting
D. Any time during meeting.
Question : 151
An ordinary partnership business can have:
A. Not more than 50 partners.
B. Not more than 20 partners.
C. Any number of partners.
D. Any number than 2 partners.
Question : 152
Banking partnership business can have:
A.Not more than 10 partners.
B.Not more than 20 partners.
C.Not more than 50 partners.
D.Any number of partners.
Question : 153
In the absence of an agreement profit and loss are divided by partners in the ratio of:
A.Capital
B.Equally
C.Time devoted by each partners.
D.None of these.
Question : 154
Partnership is formed by the partners by:
A.Written agreement
B.Oral agreement
C.Written or oral
D.None of these
Question : 155
Any partner who investments in the business but does not take active part in the business is:
A.Secret partner
B.Sleeping partner
C.Active partner
D.Nominal partner
Question : 156
The written agreement of partnership is called:
A.Partnership deed
B.Articles of association
C.Memorandum of association
D.Certificate of incorporation
Question : 157
The members of partnership firm are individually called as:
A.Director
B.Investor
C.Partner
D. Manager
Question : 158
The object of partnership is to:
A. Earn profit
B. Not to earn profit
C. Welfare of members
D. None of these
Question : 159
Liability of partners in a partnership business is:
A. Limited
B. Un-limited
C. Limited & unlimited
D. None of these
Question : 160
New partner may be admitted to a partnership:
A. With the consent of all partners
B. With the consent of two third of old partners
C. With the consent of any one of the partners
D. Without consent of old partners
Question : 161
If no date is mentioned in the notice of dissolution of the firm , in a partnership at will, the
dissolution will take effect from
A. Date of sending notice
B. Date on which notice is received
C. Date as mentioned in the notice
D. None of these
Question : 162
Partnership cannot be entered with
A. Company
B. Indian Nationals
C. Alien enemy
D. Alien friend
Question : 163
Loss arising from partner’s insolvency is to met from
A. Solvent partners
B. Legal heirs of insolvent partners
C. All partners including insolvent
D. Firm
Question : 164
A Partner may retire
A. With the consent of all the other partners

B.By express agreement between parties
C.In case of partnership at will by giving notice in writing to all other partners of his intention to
retire
D.All of these
.
Question : 165
A partner has implied authority to
A.Borrow Money
B. Acquire any immovable property on behalf of the firm
C.Purchase and sell goods
D. both A and c
Question : 166
Person lending his name in a firm without having any real interest
A.Active Partner
B.Sleeping Partner
C.Nominal Partner
D. sub partner
Question : 167
Person holding himself as a partner
A.Active Partner
B.Sleeping Partner
C. Nominal Partner
D.Partner by holding out
Question : 168
Partnership arise from
A. Contract
B.Status
C.Operations of Law
Question : 169
If no duration of partnership is fixed,it is
A.Partnership at will
B.Partnership for fixed term
C.Particular particular
Question : 170
The name under which partnership business is carried on
A.Trade Name
B.Firm name
C.Registered name
D.None of these
Question : 171
A partnership firm may be registered with
A.Registrar of partners
B.Registrar of companies
C.Registrar of firms
D. Any of these
Question : 172
An unregistered firm cannot claim
A.Set on
B.Set off
C. Both a and b
D.None of these
Question : 173
Registration of the firm is required to be done at the time of formation
A.True
B.False
C.Partly true
D. None of these
Question : 174
Registration of firm is dealt with under Section
A.57
B.58
C.59
D.60
Question : 175
On dissolution,partners remain liable till
A.Account are settled
B.Public notice is given
C.Resignation is given
D.Either a or b
Question : 176
In case of partnership at will,notice of intention to dissolve the firm must be in
A.Writing
B. Oral
C. Either a or b
D.None of these
Question : 177
If no date is mentioned in the notice of dissolution of the firm, in a partnership at will,the
dissolution will take effect from
A.Date of sending notice
B.Date on which notice is received
C.Date as mentioned in the notice
D.None of these
Question : 178
Partnership firm is dissolved on
A.Death or insolvency of partner
B.By mutual agreement between partners
C.By order of Court
D. All of these
Question : 179
Non registration of partnership is
A.Illegal
B.Criminally punishable
C.Calls for penalty
D.results in certain disabilities
Question : 180
Which of the following is not a disability of an registered firm ?
A.It cannot file a suit against third party
B.It cannot be sued by a third party
C.It cannot claim setoff exceeding rupees 100
D.Its partners cannot file a suit against firm.
Question : 181
What is the maximum penalty for damage to Computer, Computer systems, unauthorized access,
download of data, infecting with virus, denial of access etc as per Section 43
A. Rs. 50 lakh
B. Rs.1 crore
C. Rs. 5 crore
D. Rs.75 lakh
Question : 182
The date on which Supreme Court of India invalidated Section 66A of IT Act 2000:
A. 24.03.2015
B. 31.03.2015
C. 01.01.2015
D. 01.06.2015
Question : 183
Which section of IT Act was invalidated by Supreme Court of India
A. Section 66F
B. Section 66B
C. Section 66D
D. Section 66A
Question : 184
Which section of IT Act deals with Cyber terrorism?
A.Section 66C
B.Section 66B
C.Section 66F
D.Section 66A
Question : 185
Which section of IT Act deals with Hacking of computer systems and its penalties?
A. Section 65
B. Section 66
C. Section 62
D. Section 67
Question : 186
Which section of IT Act deals with the appointment of Controller of certifying authorities
A. Section 17
B. Section 15
C. Section 10
D. Section 5
Question : 187
Which is the Act which provides legal framework for e-Governance in India
A.IT (amendment) Act 2008

B. Indian Penal Code
C. IT Act 2000
Question : 188
How many schedules are there in IT Act 2000?
A. 3
B. 4
C. 6
D. 2
Question : 189
When IT Act 2000 came into effect?
A. 2000 October 17
B. 2001 October 17
C. 2000 November 11
D. 2001 November 11
Question : 190
What is the punishment for hacking of computers
A. Life Imprisonment
B. Three year imprisonment or 10 lakh rupees penalty or both
C. Three year imprisonment or 5 lakh rupees penalty or both
D. Three year imprisonment or 2 lakh rupees penalty or both
Question : 191
What is the penalty for destroying computer source code
A. Three year imprisonment or 5 lakh rupees penalty or both

B. Three year imprisonment or 3 lakh rupees penalty or both
C. Two year imprisonment or 2 lakh rupees penalty or both
D.Three year imprisonment or 2 lakh rupees penalty or both
Question : 192
What is the proposed punishment for Cyber Terrorism in IT Act
A. I crore rupees penalty

B. Life Imprisonment
C. 6 year imprisonment
D. 10 year imprisonment
Question : 193
What is the punishment for identity theft in IT Act
A. Three year imprisonment or 2 lakh rupees penalty or both
B.Two year imprisonment or 1 lakh rupees penalty or both
C.Three year imprisonment or 1 lakh rupees penalty or both...
Question : 194
Which is the appeal court on the orders issued by Cyber appellate tribunal?
A.Supreme Court
B. District Court
C. High Court
D. Munsiff Court
Question : 195
What is the term of the office of the presiding officer of Cyber appellate tribunal?
A.6 years
B.3 years
C.4 years
D. 5 years
Question : 196
Controller of Certifying Authorities (CCA) work under ?
A. Prime Minister office
B. Reserve Bank of India
C. Ministry of Communication & IT
D. autonomous body
Question : 197
What is/are component of IT Act 2000 ?
A. Legal Recognition to Digital Signatures
B. Regulation of Certification Authorities.
C. Digital Certificates
D. All the above
Question : 198
Which among following Act is not ammended in Information Technology Act 2000 ?
A. The Bankers Books Evidence Act, 1891
C. BSNL IT Policy
C. RBI Act 1934.
D. The Indian Evidence Act, 1872
Question : 199
Information Technology (Amendment) Act, 2008 has come into force in ?
A. January 2008
B. October 2009
C. October 2008
D. January 2009
Question : 200
Which of the following is an example of Intellectual property ?
A. Patent
B. Trade Marks
C. Copyright
D. All of above
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 Basic62

A. By last day of the month

A. Before the lapse of time

A. Threatening to commit suicide

A.Mental acceptance is no acceptance

A. Can keep the found goods with him

A. Not bound to pay

A. District level court

Which one is true for the above mentioned case

A. The seller was right, as it goods were used too

B. where the buyer has not become insolvent

D for the price of goods and for other charges

A. at the time when performance is due

A .Injection of money to the second party

A. Company is distinct from the members who constitute it.

A. The person who do not have good nature

A. Lifting the curtain from company entrance gate

A.it can be registered at any point of time during business

A. Where the buyer desires

A. hybrid of partnership and company act

A. having government employees

A. which is declared as holding company

A. having share capital of not exceeding 50 lakhs-not more than 5 crore

A. names should not be identical to other company n.e

A. beyond the power

A. duty of good faith

A. With the consent of all the other partners

A.IT (amendment) Act 2008

A. Three year imprisonment or 5 lakh rupees penalty or both

A. I crore rupees penalty

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