Question Details of Subject :QUIZ-BAT-259

Page 1 of 86

Unit Code Group 1 Group 2 Group 3 Unit Wise Total Total Questions : 493
1 73 37 41 151

2 64 51 51 166

3 78 49 49 176
Group Wise Total 215 137 141

QNo Question Id Question Description

1 1560429 Who among the following is not competent to contract:

Unit : 1, Group : 1 1.Person with sound mind

2.Person of the age of 16 (Right)
3.person of the age of 18 but less than 24
4.person above 24 years
2 1560436 Name the Indian Contract Act

Unit : 1, Group : 1 1.Indian Contract Act,1870

2.Indian Contract Act 1872 (Right)
3.Indian Contract Act 1876
4.Indian Contract Act 1878
3 1560461 Misrepresentation is covered under which section

Unit : 1, Group : 1 1.U/S 15

2.U/S 16
3.U/S 17
4.U/S 18 (Right)
4 1560471 Fraud is covered under which section of Indian Contract Act

Unit : 1, Group : 1 1.Section 16

2.Section 17 (Right)
3.Section 18
4.Section 19
5 1567440 The term offer is defined under which section of the Indian Contract Act

Unit : 1, Group : 1 1.1(a)

2.2(a) (Right)
3.3(a)
4.4(a)
6 1567446 Acceptance is covered under which section of the Indian Contract Act

Unit : 1, Group : 1 1.1(b)

2.2(b) (Right)
3.3(b)
4.4(b)

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 Question Details of Subject :QUIZ-BAT-259
Page 2 of 86
QNo Question Id Question Description
7 1567453 The term CONSENT is covered under which section of Indian Contract Act

Unit : 1, Group : 1 1.12

2.13 (Right)
3.14
4.15
8 1567461 Unde influence is covered under which section of the Indian Contract Act

Unit : 1, Group : 1 1.15

2.16 (Right)
3.17
4.18
9 1567464 The term "MISTAKE" is covered under which section of the Indian Contract Act

Unit : 1, Group : 1 1.18

2.19
3.20 (Right)
4.21
10 1567492 Which section deals with the competency of parties under the Indian Contract Act

Unit : 1, Group : 1 1.9

2.10
3.11 (Right)
4.12
11 1567498 A contract is discharged through mutual consent as per which section of the Act

Unit : 1, Group : 1 1.62 (Right)

2.63
3.64
4.65
12 1567507 Contract can be discharged on account of Impossibility. Which section covers this provision

Unit : 1, Group : 1 1.53

2.54
3.55
4.56 (Right)
13 1567518 which section covers the contract of Agency

Unit : 1, Group : 1 1.178

2.180
3.182 (Right)
4.184
14 1567522 which section covers the sub agent under contract of Agency

Unit : 1, Group : 1 1.189

2.190
3.191 (Right)
4.192

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 Question Details of Subject :QUIZ-BAT-259
Page 3 of 86
QNo Question Id Question Description
15 1567531 Under which section , the contract will be voidable on account of lack of free consent

Unit : 1, Group : 1 1.18

2.19 (Right)
3.20
4.21
16 1567607 Discharge of contract through breach of contract is covered under which section of the Contract Act

Unit : 1, Group : 1 1.36

2.37
3.38
4.39 (Right)
17 1567633 In case of breach of contract, which of the following remedy is available to the aggrieved party?

Unit : 1, Group : 1 1.Suit for rescission.

2.Suit for specific performance.
3.Suit for Restitution
4.All of the above (Right)
18 1567655 Agreement is defined in Section«««of the Indian Contract Act.

Unit : 1, Group : 1 1.2( c)

2.2 (e) (Right)
3.2 (g)
4.2 (i)
19 1567663 An Indian mercantile law is based upon

Unit : 1, Group : 1 1.Indian culture

2.British Culture
3.England Law (Right)
4.American Law
20 1567670 Indian Contract Act came into force on

Unit : 1, Group : 1 1.1st April 1862

2.1st July 1870
3.1st July 1876
4.1st September,1872 (Right)
21 1567678 Valid Contracts means

Unit : 1, Group : 1 1.Are made by free consent

2.Are made by competent party
3.Have lawful consideration and lawful object
4.all of the above (Right)
22 1833721 An agreement not enforceable by law is called

Unit : 1, Group : 1 1.Void agreement (Right)

2.Valid agreement
3.Voidable agreement
4.None of above

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 Question Details of Subject :QUIZ-BAT-259
Page 4 of 86
QNo Question Id Question Description
23 1833723 An agreement enforceable by law is called

Unit : 1, Group : 1

An agreement enforceable by law is called

An agreement enforceable by law is called
An agreement enforceable by law is called
An agreement enforceable by law is called
An agreement enforceable by law is called

An agreement enforceable by law is called

An agreement enforceable by law is called
An agreement enforceable by law is called

1.An agreement
2.Contract (Right)
3.Both (a) and (b)
4.None of above
24 1833789 A proposal may be revoked at any time

Unit : 1, Group : 1 1.Before the communication of its acceptance (Right)

2.Before the rejection of its communication
3.Both (a) and (b)
4.None of above
25 1833790 In order to convert a proposal into a promise the acceptance must be

Unit : 1, Group : 1

In order to convert a proposal into a promise the acceptance must be

In order to convert a proposal into a promise the acceptance must be

In order to convert a proposal into a promise the acceptance must be

1.Conditional
2.Unconditional
3.Absolute (Right)
4.None of above
26 1833791 All the agreements are contracts if they are made by free consent of the parties competent to contract for a _____ consideration and object

Unit : 1, Group : 1 1.Any

2.Lawful (Right)
3.Unlawful
4.None of above

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 Question Details of Subject :QUIZ-BAT-259
Page 5 of 86
QNo Question Id Question Description
27 1839046 Which section of Indian Contract defines the word Contract

Unit : 1, Group : 1 1.1

1 (b)
2.2(g)
3.2(h) (Right)
4.2(f)

5.None
28 1839047 Which section declares an agreement to be void where the consideration is unlawful

Unit : 1, Group : 1 1.22

2.23
3.24 (Right)
4.25
29 1839048 An agreement is said to be void which deals with restraining of marriage

Unit : 1, Group : 1 1.22

2.24
3.25
4.26 (Right)
30 1839049 Consideration is defined under which section of ICA,1872

Unit : 1, Group : 1 1.2(b)

2.2( c)
3.2 ( d) (Right)
4.2 (e )
31 1839051 Competency of parties to enter into a contract is covered under which section

Unit : 1, Group : 1 1.6

2.7
3.9
4.11 (Right)

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 Question Details of Subject :QUIZ-BAT-259
Page 6 of 86
QNo Question Id Question Description
32 1839052 Which section deals with discharge of contract on account of Impossibility

Unit : 1, Group : 1 1.52

2.54
3.55
4.56 (Right)
33 1839053 Which sections deal with the Performance of Contract?

Unit : 1, Group : 1 1.46-50 (Right)

2.56-60
3.66-70
4.76-80
34 1995468 There are certain agreements which are declared void and one of such agreement is related to restraint of trade. Mention the section for it

Unit : 1, Group : 1 1.25

2.26
3.27 (Right)
4.28
35 1995479 Agreement by way of wager is declared void as per which section

Unit : 1, Group : 1 1.27

2.28
3.29
4.30 (Right)
36 1995495 Agreement in restraint of legal proceeding is declared void under which section

Unit : 1, Group : 1 1.26

2.27
3.28 (Right)
4.29
37 1995506 Agreement to do impossible act is declared void under which section

Unit : 1, Group : 1 1.53

2.54
3.55
4.56 (Right)
38 1995517 Agreement made by incompetent parties is void as per which section

Unit : 1, Group : 1 1.9

2.10
3.11 (Right)
4.12
39 1995535 Agreement without consideration is void as per which section

Unit : 1, Group : 1 1.24

2.25 (Right)
3.26
4.27

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 Question Details of Subject :QUIZ-BAT-259
Page 7 of 86
QNo Question Id Question Description
40 1995553 Agreement , the consideration of which is unlawful is void as per which section

Unit : 1, Group : 1 1.24 (Right)

2.25
3.26
4.27
41 1995568 Agreement , the meaning of which is uncertain is void as per which section

Unit : 1, Group : 1 1.27

2.28
3.29 (Right)
4.30
42 1995597 Discharge of contract by way of breach is covered under which section

Unit : 1, Group : 1 1.39 (Right)

2.40
3.41
4.42
43 1995612 Discharge of contract by way of actual performance is coverd by which section

Unit : 1, Group : 1 1.34

2.35
3.36
4.37 (Right)
44 1995648 On account of impossibility, a contract can be said to be discharged.Which section deals with it?

Unit : 1, Group : 1 1.56 (Right)

2.57
3.58
4.59
45 1995678 Which section deals with discharge of contract, by way of Rescission

Unit : 1, Group : 1 1.61

2.62
3.63
4.64 (Right)
46 1995692 Which section deals with discharge of contract by way of Remission?

Unit : 1, Group : 1 1.63 (Right)

2.64
3.65
4.66
47 1995723 In Negotiable Instrument Act, 1881, which section deals with HOLDER

Unit : 1, Group : 1 1.8 (Right)

2.9
3.10
4.11

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 Question Details of Subject :QUIZ-BAT-259
Page 8 of 86
QNo Question Id Question Description
48 1995874 Section 13 deals with

Unit : 1, Group : 1 1.Free consent (Right)

2.Fraud
3.Misrepresentation
4.
49 1995891 Section 10 of ICA,1872 deals with

Unit : 1, Group : 1 1.Consent

2.Free consent
3.Essentials of valid contract (Right)
4.Consideration
50 1995907 Consideration is covered under which section

Unit : 1, Group : 1 1.2(a)

2.2 (b)
3.2 ( c)
4.2

2(d) (Right)
51 1995920 Term " Offer" is covered under which section

Unit : 1, Group : 1 1.2(a) (Right)

2.2(b)
3.2 ( c )
4.2 ( d)
52 2007936 Complete the equation
Contract = Agreement + --------------
Unit : 1, Group : 1
1.Voidable
2.Void
3.Enforceability (Right)
4.None

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 Question Details of Subject :QUIZ-BAT-259
Page 9 of 86
QNo Question Id Question Description
53 2007979 Contract = ----------------+ Enforceability

Unit : 1, Group : 1 1.Void Contract

2.Voidable contract
3.Agreement (Right)
4.All
54 2008000 Agreement + Enforceability = -----------------

Unit : 1, Group : 1 1.Void Contract

2.Voidable Contract
3.Contract (Right)
4.Breach of Contract
55 2008012 Agreement + Enforceability gives birth to

Unit : 1, Group : 1 1.Void Contract

2.Voidable Contract
3.Contract (Right)
4.Breach of Contract
56 2008041 Voidable contract is defined under which section of ICA, 1872

Unit : 1, Group : 1 1.2 ( g )

2.2 ( h)
3.2 ( i ) (Right)
4.2 ( j )
57 2008062 Section 2 ( i ) deals with which type of contracts

Unit : 1, Group : 1 1.Voidable contracts (Right)

2.Void Contracts
3.Illegal Contracts
4.None
58 2008096 Section 2 ( g ) deals with

Unit : 1, Group : 1 1.Voidable contracts

2.Void Contract
3.Illegal contracts
4.Void agreement (Right)
59 2008131 Void agreement is covered under which section

Unit : 1, Group : 1 1.2 ( c )

2.2 (e )
3.2 ( f )
4.2 ( g) (Right)

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 Question Details of Subject :QUIZ-BAT-259
Page 10 of 86
QNo Question Id Question Description
60 2008158 Section 2 ( r ) deals with

Unit : 1, Group : 1

1.Breach of contrat
2.Illegal contract
3.Illegal consideration
4.None (Right)
61 2008173 Section 99 of ICA,1872 deals with

Unit : 1, Group : 1 1.Novation

2.Restitution
3.Cancellation
4.None (Right)
62 2008209 Section 37 of ICA,1872 deals with

Unit : 1, Group : 1 1.Breach of contract

2.Cancellation of contract
3.Agreement
4.None (Right)
63 2008726 If the consent is induced by unde influence, it affects the formation of a contract

Unit : 1, Group : 1 1.Yes (Right)

2.No
3.
4.
64 2008744 Section 10 (s) deals with the essentials of a valid contract

Unit : 1, Group : 1 1.True

2.False (Right)
3.
4.

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 Question Details of Subject :QUIZ-BAT-259
Page 11 of 86
QNo Question Id Question Description
65 2008774 Section 28 of ICA, 1872 deals with

Unit : 1, Group : 1 1.Unsound persons

2.Handicapped persons
3.Minors
4.None (Right)
66 2008792 Section 2 (b) deals with

Unit : 1, Group : 1 1.Offer

2.Acceptance (Right)
3.Consideration
4.None
67 2008806 Section 2 (d) deals with

Unit : 1, Group : 1 1.Offer

2.Acceptance
3.Consideration (Right)
4.None
68 2008836 There must be consideration to form a valid contract. The term "CONSIDERATION" is covered under which section

Unit : 1, Group : 1 1.1 (d)

2.3 (d)
3.4 (d)
4.None (Right)
69 2008859 To form a valid contract, there must be legal relatioship between the parties.

Unit : 1, Group : 1 1.True (Right)

2.False
3.
4.
70 2008874 To form a valid contract, there must be legal relatioship between the parties. There cannot be a valid contractand without this ,

Unit : 1, Group : 1 1.True (Right)

2.False
3.
4.
71 2008895 There are total 7 ways that affects the free consent.

Unit : 1, Group : 1 1.True

2.False (Right)
3.
4.
72 2008915 Coercion and fraud are some of the factors affecting Free consent.

Unit : 1, Group : 1 1.True (Right)

2.False
3.
4.

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 Question Details of Subject :QUIZ-BAT-259
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QNo Question Id Question Description
73 2008935 Punishment in case of Fraud is much more than in case of Misrepresentation.

Unit : 1, Group : 1 1.True (Right)

2.False
3.
4.
74 2090567 There is section 2 (g) of Indian Contract Act,1872 which is primarly related to

Unit : 1, Group : 2 1.Voidable contract

2.Valid contract
3.Void Agreement (Right)
4.None
75 2090624 Free consent is part of Valid contract.

Unit : 1, Group : 2 1.True (Right)

2.False
3.
4.
76 2090667 Possibility of performance is not the part of valid contract.

Unit : 1, Group : 2 1.True

2.False (Right)
3.
4.
77 2090765 There must be illegal relationship to form a valid contract

Unit : 1, Group : 2 1.True

2.False (Right)
3.
4.
78 2090855 Certainty of Performance is not the condition to form a valid contract

Unit : 1, Group : 2 1.True

2.False (Right)
3.
4.
79 2090897 Valid offer and valid acceptance are two different things

Unit : 1, Group : 2 1.True (Right)

2.False
3.
4.
80 2090967 Valid acceptance is not essential for valid contract.

Unit : 1, Group : 2 1.True

2.False (Right)
3.
4.

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 Question Details of Subject :QUIZ-BAT-259
Page 13 of 86
QNo Question Id Question Description
81 2091019 There must be both valid offer and valid acceptance to make valid contract

Unit : 1, Group : 2 1.True (Right)

2.False
3.
4.
82 2091071 Unlawful object will not lead to form a valid contract.

Unit : 1, Group : 2 1.True (Right)

2.False
3.
4.
83 2091140 Lawful objects lead to the formation of a valid contract.

Unit : 1, Group : 2 1.True (Right)

2.False
3.
4.
84 2092117 Section 30 of ICA, 1872 deals with

Unit : 1, Group : 2 1.Legal proceeding

2.Consideration
3.Minor
4.Contract by way of wager (Right)
85 2092150 Section 20 of ICA ,1872 deals with

Unit : 1, Group : 2 1.Unlawful object

2.Unlawful consideration
3.Mutual mistake (Right)
4.All
86 2094392 Section 30 of ICA deal with Contract by way of wager.

Unit : 1, Group : 2 1.True (Right)

2.False
3.
4.
87 2094415 Section 28 of ICA,1872 deals with agreements for restraining from legal proceedings

Unit : 1, Group : 2 1.True (Right)

2.False
3.
4.
88 2094429 Section 28 of ICA,1872 deals with agreements which are related to restraining from taking legal proceedings

Unit : 1, Group : 2 1.True (Right)

2.False
3.
4.

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 Question Details of Subject :QUIZ-BAT-259
Page 14 of 86
QNo Question Id Question Description
89 2094451 Any act forbidden by law cannot leads to lawful object

Unit : 1, Group : 2 1.True (Right)

2.False
3.
4.
90 1579349 Section 15 of Indian Contract deals with

Unit : 1, Group : 2 1.Fraud

2.Misrepresentation
3.Coercion (Right)
4.Undue influence
91 1579356 Section 16 of Indian Contract Act deals with

Unit : 1, Group : 2 1.Coercion

2.Fraud
3.Undue influence (Right)
4.Misrepresentationn
92 1579363 section 17 of Indian Contract Act deals with

Unit : 1, Group : 2 1.Fraud (Right)

2.Misrepresentation
3.Undue Influence
4.Coercion
93 1579369 section 18 of ICA deals with

Unit : 1, Group : 2 1.Fraud

2.Misrepresentation (Right)
3.Undeinfluence
4.Coercion
94 1579378 In case of Film Actor , if before his performance he dies , what will be the consequences

Unit : 1, Group : 2 1.The actor have to return the money

2.Actor have to perform
3.Legal heir will return the money (Right)
4.Thi the contractrd party will perform
95 1579383 Bailor is bound by certain duties

Unit : 1, Group : 2 1.To specify the goods.

2.To disclose the defects
3.To pay the bailee for his services
4.All of the above (Right)
96 1579387 Bailee is duty bound

Unit : 1, Group : 2 1.To take care of the goods (Right)

2.To use the goods.
3.To make profit from the goods
4.

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 Question Details of Subject :QUIZ-BAT-259
Page 15 of 86
QNo Question Id Question Description
97 1573057 Void agreement signifies

Unit : 1, Group : 2 1.agreement illegal in nature(b) agreement not enforceable by law

Agreement violating legal procedure

2.Agreement enforceable at law

3.Agreement unenforceable at law (Right)

4.Agreement against public policy
98 1573063 A proposal when accepted becomes
(a) promise under section 2(b)
Unit : 1, Group : 2 a
(b) agreement under section 2(e)(c) contract under section 2(h)(d) none of the above.
A proposal when accepted becomes
(a) promise under section 2(b)
a
(b) agreement under section 2(e)(c) contract under section 2(h)(d) none of the above.
A proposal when accepted becomes

1.offer
2.Promise (Right)
3.Acceptance
4.Acceptance
99 1573073 When the contract is enforceable at the option of one of the parties, it is a case of

Unit : 1, Group : 2 1.Valid contract

2.Void Contract
3.Voidable contract (Right)
4.illegal contract
100 1573089 Who is a promisee

Unit : 1, Group : 2 1.Person who offer the promise

2.Person who accepts the proposal (Right)
3.Person who make the proposal
4.person to whom proposal is made
101 1573169 . The Sale of Goods Act, was enacted on
A. 15th, February, 1930 B. 15th, March, 1930
Unit : 1, Group : 2 C. 15th, April, 1930 D. None of above

1.a
2.b (Right)
3.c
4.d
102 1576740 Which section deals with Consideration

Unit : 1, Group : 2 1.2(b)

2.2( c)
3.2(d) (Right)
4.2(e)

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 Question Details of Subject :QUIZ-BAT-259
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QNo Question Id Question Description
103 1576752 Consideration can be

Unit : 1, Group : 2 1.Past

2.Present
3.Future
4.All of the above (Right)
104 1577941 Which is correct
(a) proposal + acceptance = promise(b) promise + consideration = agreement(c) agreement + enforceability = contract(d) all the above
Unit : 1, Group : 2 Who is Promisor?

1.Who make the proposal (Right)

2.Who accepts the proposal
3.Who accepts the promise
4.Who accepts the offer
105 1577947 Who is a Promisee?

Unit : 1, Group : 2 1.Who make the proposal

2.Who accepts the Proposal (Right)
3.Who rejects the Proposal
4.None of the above
106 1578491 Which are illegal agreements?

Unit : 1, Group : 2 1.Valid agreements

2.Against Indian Panel Code
3.Forbidden by law
4.2 and 3 (Right)
107 1578512 Can there be a contract without consideration?

Unit : 1, Group : 2 1.Yes

2.Cann't say
3.No (Right)
4.Partly true
108 1578531 Is there any difference between Bailment and Pledge?

Unit : 1, Group : 2 1.Yes (Right)

2.No
3.Some time , there is difference
4.Cann't say.
109 1578557 In case of Fraud , contract becomes voidable?

Unit : 1, Group : 2 1.Yes (Right)

2.No
3.Can not say
4.Partly false

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 Question Details of Subject :QUIZ-BAT-259
Page 17 of 86
QNo Question Id Question Description
110 1578539 Coercion, Fraud and Misrepresentation have common effect on the contract

Unit : 1, Group : 2 1.No

2.Yes (Right)
3.Difficult to say
4.Partly true
111 1578577 Principal is responsible in case of sub agency

Unit : 1, Group : 3 1.Yes

2.No (Right)
3.Can n't say.
4.
112 1573259 Which of these contracts has three parties consisting of creditor, principle debtor and surety:

Unit : 1, Group : 3 1.Contract of Indemnity

2.contract of Agency
3.Contract of Guarantee (Right)
4.Contract of Bailment
113 1576779 Coercion means

Unit : 1, Group : 3 1.Giving wrong information

2.Giving no information
3.Threatening the party (Right)
4.All of the above
114 1573285 To become Agent , a person must have attained the age of

Unit : 1, Group : 3 1.15

2.18 (Right)
3.21
4.24
115 1573243 Agreement to do an impossible act is:

Unit : 1, Group : 3 1.Illegal

2.Valid
3.Void (Right)
4.Voidable
116 1573270 A sub-agent is a person employed by and acting under the control of

Unit : 1, Group : 3 1.Principal

2.Original Agent (Right)
3.Original agent and Principal
4.All of the above
117 1576534 Define Contract

Unit : 1, Group : 3 1.It is an agreement

2.It is an agreement enforceable at law (Right)
3.it is an agreement however it does not matter whether it is enforceable or not
4.All of the above

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 Question Details of Subject :QUIZ-BAT-259
Page 18 of 86
QNo Question Id Question Description
118 1576550 Voidable contract is one

Unit : 1, Group : 3 1.Which is lawful

2.which is unlawful
3.which is illegal
4.Which is valid till the time the party whose consent is not free does not approach against its enforceability (Right)
119 1576556 Offer can be accepted by

Unit : 1, Group : 3 1.Offeror

2.Promisor
3.Promisee
4.Offeree (Right)
120 1576567 Acceptance to an offer can be given by

Unit : 1, Group : 3 1.Words spoken

2.By way of Written communication
3.Both 1 and 2 (Right)
4.None of the above
121 1576591 An offer made to a specific person is called

Unit : 1, Group : 3 1.Standing offer

2.Special offer
3.Specific Offer (Right)
4.Stand by offer
122 1576597 An offer made to a specific group of persons is a case of

Unit : 1, Group : 3 1.Special offer

2.Specific offer (Right)
3.Standing offer
4.Stand by offer
123 1576603 Who is a minor

Unit : 1, Group : 3 1.Person less than 15 Years

2.Person less than 17 Years
3.Person less than 18 Years (Right)
4.Persons less than 21 Years
124 1576662 Death of Offeree before giving acceptance leads to termination of offer

Unit : 1, Group : 3 1.True (Right)

2.False
3.Can not say
4.
125 1576680 Acceptance can precede offer.

Unit : 1, Group : 3 1.True

2.Partly True
3.False (Right)
4.Partly False

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 Question Details of Subject :QUIZ-BAT-259
Page 19 of 86
QNo Question Id Question Description
126 1576688 Acceptance always come after the offer is given.

Unit : 1, Group : 3 1.True (Right)

2.Partly true
3.False
4.Partly False
127 1576706 Competency of parties to contract is covered under which section of the Contract Act

Unit : 1, Group : 3 1.10

2.11 (Right)
3.12
4.13
128 1579405 In case of Mistake, the contract becomes voidable.

Unit : 1, Group : 3 1.True

2.False (Right)
3.Can not say
4.
129 1579412 For a contract to be valid, there must be consideration between the parties.

Unit : 1, Group : 3 1.True (Right)

2.False
3.Partly true
4.Partly false
130 1579432 There are certain agreements which are declared void. Such agreements cann't form valid contract.

Unit : 1, Group : 3 1.False

2.True (Right)
3.May be True or False
4.Cann't say
131 2094155 Under remedies of breach of contract, Restitution and Injunction are used interchangeably.

Unit : 1, Group : 3 1.True

2.False (Right)
3.
4.
132 2094247 Injunction is not a remedy for Breach of Contract

Unit : 1, Group : 3 1.True

2.False (Right)
3.
4.
133 2094269 Section 29 of ICA, 1872 deals with

Unit : 1, Group : 3 1.Performance of Contract

2.Discharge of Contract
3.Cetainty of meaning (Right)
4.Minor

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 Question Details of Subject :QUIZ-BAT-259
Page 20 of 86
QNo Question Id Question Description
134 2094285 Law and Policies are two different terms

Unit : 1, Group : 3 1.True (Right)

2.False
3.
4.
135 2094306 Indian Contract Act 1872 was implemented or functional in India since

Unit : 1, Group : 3 1.1.1.1872

2.1.4.1872
3.1.7.1872
4.1.9.1872 (Right)
136 2094322 Section 11 of ICA,1872 deals with

Unit : 1, Group : 3 1.Consent (Right)

2.Free consent
3.Insolvency
4.Unsound mind
137 2094345 Free consent is one essential requirement of valid contract and it is covered by which section

Unit : 1, Group : 3 1.11

2.12
3.13 (Right)
4.14
138 2091163 Fraud affects the free consent.

Unit : 1, Group : 3 1.True (Right)

2.False
3.
4.
139 2091403 Coercion doen't have any effect on the free consent

Unit : 1, Group : 3 1.True

2.False (Right)
3.
4.
140 2091458 The possibility of performance has nothing to do the valid contract

Unit : 1, Group : 3 1.True

2.False (Right)
3.
4.
141 2091515 Minor is a party to enter into a valid contract

Unit : 1, Group : 3 1.True

2.False (Right)
3.
4.

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 Question Details of Subject :QUIZ-BAT-259
Page 21 of 86
QNo Question Id Question Description
142 2091549 Consideration must be there to form a valid contract.

Unit : 1, Group : 3 1.True (Right)

2.False
3.
4.
143 2091593 Unsound person can enter into a valid contract.

Unit : 1, Group : 3 1.True

2.False (Right)
3.
4.
144 2091657 An insolvent person is deprived to enter into a contract

Unit : 1, Group : 3 1.True (Right)

2.Fase
3.
4.
145 2091691 Illegal contracts are part of void contracts

Unit : 1, Group : 3 1.True (Right)

2.False
3.
4.
146 2091726 Inadequate consideration affects the valid contract

Unit : 1, Group : 3 1.True

2.False (Right)
3.
4.
147 2091786 Executed contract and Executory contract are same

Unit : 1, Group : 3 1.True

2.False (Right)
3.
4.
148 2091841 Fraud is treated as Crime in the eyes of law.

Unit : 1, Group : 3 1.False

2.True (Right)
3.
4.

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 Question Details of Subject :QUIZ-BAT-259
Page 22 of 86
QNo Question Id Question Description
149 2091971 There are void agreements.
Agreement related to restrain of trade is covered under which section
Unit : 1, Group : 3
1.32
2.24
3.25
4.27 (Right)
150 2092026 The agreement related to restraining to take legal action is covered under which section of ICA

Unit : 1, Group : 3 1.25

2.26
3.27
4.28 (Right)
151 2092068 Any agreement related to restraining for marriage is covered under which section

Unit : 1, Group : 3 1.22

2.24
3.25
4.26 (Right)
152 2089643 "Contract of Sale of Goods" is covered under which section purview

Unit : 2, Group : 1 1.Sec 2

2.Sec 3
3.Sec 4 (Right)
4.Sec 5
153 2089732 Section 4 of Sales of Goods Act, 1930 deals with

Unit : 2, Group : 1 1.Sales of Goods (Right)

2.Right to sue for Price
3.Right to stop Goods
4.None
154 2089810 There are two words in Sales of Goods Act

Unit : 2, Group : 1 Sale

Agreement to sell

They mean the same thing

1.Yes
2.No (Right)
3.
4.

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 Question Details of Subject :QUIZ-BAT-259
Page 23 of 86
QNo Question Id Question Description
155 2089909 There are two words
Agreement to sell and
Unit : 2, Group : 1 Conditional Sale

Are they mean the same?

1.Yes (Right)
2.No
3.
4.
156 2090027 Contingent Goods are one type of Future Goods. Is it True or Fase

Unit : 2, Group : 1 1.True (Right)

2.False
3.
4.
157 2008487 Section 47 of Sale of Goods Act , 1930 deals with

Unit : 2, Group : 1 1.Right of Stoppage of goods

2.Right of resale
3.Right to sue for price
4.Right of Lien (Right)
158 2008514 Under Sale of Goods Act , 1930, unpaid seller gets power agaist the buyer and the one right is "Right of lien". Which section deals with "ROL"

Unit : 2, Group : 1 1.42

2.44
3.47 (Right)
4.51
159 2008536 Section 75 of Sale of Goods Act ,1930 deals with

Unit : 2, Group : 1 1.Right of resale

2.Right of lien
3.Right of Possession
4.None (Right)
160 2008290 In case of Sale of Goods Act, 1930, section 54 deals with

Unit : 2, Group : 1 1.Right of resale (Right)

2.Right of lien
3.Right of Interest
4.All
161 2008306 In case of Sale of Goods Act, An unpaid seller enjoys the right of resale of goods under which section

Unit : 2, Group : 1 1.53

2.54 (Right)
3.55
4.56

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 Question Details of Subject :QUIZ-BAT-259
Page 24 of 86
QNo Question Id Question Description
162 2008324 Section 61 of Sale of Goods Act , 1930 deals with

Unit : 2, Group : 1 1.Suit for Interest (Right)

2.Suit for price
3.Right of resale
4.All
163 2008347 In Sale of Goods Act,1930 section 91,deals with

Unit : 2, Group : 1 1.Suit for damages

2.Suit for price
3.Sue for interest
4.None (Right)
164 2008365 Name clause of MOA deals with

Unit : 2, Group : 1 1.Size of the company

2.Location of the company
3.Association of Members
4.None (Right)
165 1981328 1. Where the transfer of the property in the goods is to take place at a future time or subject to some condition, then such contract is called:

Unit : 2, Group : 1 1.A contract to Sale

2.Future Contract
3.Conditional contract

4.An agreement to sell (Right)

166 1981347 1. What are the requisites of contract of sale:

Unit : 2, Group : 1 1.An Offer to buy or sell goods, for a price and its acceptance
2.An Offer, delivery, possession and acceptance (Right)
3.An Offer, price, delivery and acceptance
4.An Offer and delivery of goods
167 1981507 1. A drug was sold by an auction and according to the usage of trade it was to disclose in advance of any vast damage caused in the quality of
the drug but such disclosure was not made and the drug was found to be defective. This is an example of:
Unit : 2, Group : 1
1.Warranty as to undisturbed possession
2.Warranty as to non-existence of encumbrances
3.Disclosure of dangerous nature of goods
4.Warranty as to quality or fitness by usage of trade (Right)
168 1995742 In NI Act,1881, which section deals with " Holder in duecourse"

Unit : 2, Group : 1 1.7

2.8
3.9 (Right)
4.10

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 Question Details of Subject :QUIZ-BAT-259
Page 25 of 86
QNo Question Id Question Description
169 1995780 Section 5 of Negotiable Instrument Act, 1881 deals with

Unit : 2, Group : 1 1.Bills of Exchange (Right)

2.Draft
3.Cheque
4.Promisory Note
170 1995806 Section 4 of Negotiable Instrument Act, 1881 deals with

Unit : 2, Group : 1 1.Cheque

2.Draft
3.Promisory Note (Right)
4.Bills of Exchange
171 1995821 Section 6 of NI Act,1881 deals with

Unit : 2, Group : 1 1.Promisorry Note

2.Bills of Exchange
3.Draft
4.Cheque (Right)
172 1995847 Which section od Sales of Goods Act 1930 deals with unpaid seller

Unit : 2, Group : 1 1.41

2.43
3.45 (Right)
4.47
173 1981391 1. _____________ is termed as consideration in a contract of sale:

Unit : 2, Group : 1 1.Exchange money

2.Barter money
3.Price (Right)
4.Reward
174 1981397 1. When the buyer chooses to treat a breach of a condition as a breach of warranty, then the buyer may:

Unit : 2, Group : 1 1.Ask for indemnification

2.set up against the seller the breach of warranty in diminution or extinction of the price or can sue the seller for damages (Right)
3.Reject the goods
4.Repudiate the contract
175 1981413 1. When the price is not determined in the contract or agreed between the parties, the buyer shall pay the seller:

Unit : 2, Group : 1 1.a reasonable price (Right)

2.market price
3.average price

4.a fair price

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 Question Details of Subject :QUIZ-BAT-259
Page 26 of 86
QNo Question Id Question Description
176 1833633 Sales is what type of contract

Unit : 2, Group : 1 1.Executory contract

2.Executed contract (Right)
3.Contingency contract
4.All of the above
177 1833635 "Agreement to sell" is what type of contract

Unit : 2, Group : 1 1.Exemplary contract

2.Executed Contract
3.Executory contract (Right)
4.All of the above
178 1833638 Negotiable Instrument Act , came into force in

Unit : 2, Group : 1 1.1861

2.1881 (Right)
3.1891
4.1961
179 1839041 Contract of Sales of Goods have been defined under which section of the Act

Unit : 2, Group : 1 1.2

2.3
3.4 (Right)
4.5
180 1839042 The word "Buyer" is defined under which section of Sales of Goods Act,1930

Unit : 2, Group : 1 1.2 (1) (Right)

2.2(2)
3.2(3)
4.2(4)
181 1839043 The word Seller is defined under which section of Sales of Goods Act,1930

Unit : 2, Group : 1 1.2(5)

2.2(6)
3.2(7)
4.None of the above (Right)
182 1839044 The word Condition is defined under which section of Sales of Goods Act,1930

Unit : 2, Group : 1 1.12(1)

2.12(2) (Right)
3.12(3)
4.12(4)
183 1839045 The word " Warranty" is defined under which section of Sales of Goods Act,1930

Unit : 2, Group : 1 1.12(2)

2.12(3) (Right)
3.12(4)
4.12(5)

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 Question Details of Subject :QUIZ-BAT-259
Page 27 of 86
QNo Question Id Question Description
184 1924741
What is the Bill receivable account?
Unit : 2, Group : 1

1.A) Personal Account

2.B) Machinery Account
3.C) Real Account (Right)
4.D) Nominal Account

185 1924759
A bill of exchange includes.
Unit : 2, Group : 1

1.A) An order to pay (Right)

2.B) A request to pay
3.C) A promise to pay
4.D) All the above

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 Question Details of Subject :QUIZ-BAT-259
Page 28 of 86
QNo Question Id Question Description
186 1924775
Who draws a bill of exchange?
Unit : 2, Group : 1

1.A) Creditor
2.B) Debtor
3.C) Holder (Right)
4.D) None of the above
187 1924785
What is the person known as who draws a bill of exchange
Unit : 2, Group : 1

1.A) Drawer (Right)

2.B) Payee
3.C) Drawee
4.D) None of the above
188 1924796
What are the three additional days known as that a drawer gives to the drawee for payment
Unit : 2, Group : 1

1.A) Conditional days

2.B) Additional days
3.C) Days of grace (Right)
4.D) Days of rebate

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 Question Details of Subject :QUIZ-BAT-259
Page 29 of 86
QNo Question Id Question Description
189 1924803
When the drawee signs the bill, it is considered as
Unit : 2, Group : 1

1.A) Accepted (Right)

2.B) Retired
3.C) Renewed
4.D) Endorsed
190 1924814
What kind of acceptance is known as when the bill is accepted without any condition?
Unit : 2, Group : 1

1.A) Qualified acceptance

2.B) Conditional acceptance
3.C) Blank acceptance
4.D) General acceptance (Right)
191 1924829
When the bill is noted from the notary public, it is known as?
Unit : 2, Group : 1

1.A) Noting (Right)

2.B) Discounting
3.C) Accepting
4.D) None of the above

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 Question Details of Subject :QUIZ-BAT-259
Page 30 of 86
QNo Question Id Question Description
192 1924844
What is retiring a bill under rebate means?
Unit : 2, Group : 1

1.A) Making a payment of the bill before the due date (Right)
2.B) Dishonoring of a bill
3.C) Making a payment of the bill after the due date
4.D) All of the above
193 1960072 1. What can be the subject matter of the contract of sale as per section 6 of Sale of Goods Act:

Unit : 2, Group : 1 1.Existing goods which are neither owned nor possessed by the owner
2.Only existing goods owned or possessed by the owner
3.Only Future goods
4.Existing goods, owned or possessed by the owner or future goods
(Right)
194 1960083 1. Where in a contract of sale the seller purports to effect the present sale of the future goods, the contract operates as:

Unit : 2, Group : 1 1.An agreement to sell the goods (Right)

2.It is not a valid contract

3.A Contact of sale or agreement to sell

4.A Contract of sale
195 1573271 Which of the followings are defined as Negotiable Instruments by Custom (Trade Practices)...
a) Banker¶s Note b) Share Certificates c) Share Warrants d) Dividend Warrants e) All of the above
Unit : 2, Group : 1
1.a
2.b
3.c
4.d
5.e (Right)
196 1573279 The parties which are involved in the Promissory notes are...
a) The Maker b) The Payee c) Endorsee d) All of the above
Unit : 2, Group : 1
1.a
2.b
3.c
4.d (Right)

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 Question Details of Subject :QUIZ-BAT-259
Page 31 of 86
QNo Question Id Question Description
197 1573281 As per Negotiable Instrument Act, the Promissory Note may also contain the promise of delivery of things along with money...
a) True b) False
Unit : 2, Group : 1
1.a
2.b (Right)
3.
4.
198 1573286 Q. The Bill of Exchange is Prepared by...
a) The Creditor b) The Debtor c) The Surety d) The Buyer
Unit : 2, Group : 1
1.a (Right)
2.b
3.c
4.d
199 1573287 The payer of Bill of Exchange is also called as the Acceptor...
a) True b) False
Unit : 2, Group : 1
1.a (Right)
2.b
3.
4.
200 1573292 The person who is drawer of a Bill of Exchange is also a payee...
a) True b) False
Unit : 2, Group : 1
1.a (Right)
2.b
3.
4.
201 1573299 Q. In case of transaction of sales from a seller to a buyer along with goods, what else get transferred...
a) Money b) Property in goods c) Value in Goods d) Only Goods
Unit : 2, Group : 1
1.a
2.b (Right)
3.c
4.d
202 1573301 The transaction of sales to get completed, the transfer of property from seller to a buyer will takes place after the transfer of ________ from buyer to
seller..
Unit : 2, Group : 1 . a) Suggestion b) Complement c) Price d) Goodwill

1.a
2.b
3.c (Right)
4.d

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 Question Details of Subject :QUIZ-BAT-259
Page 32 of 86
QNo Question Id Question Description
203 1573305 . An Agreement to Sell means, where the transfer of the property (ownership) of the goods is...
a) Remained to complete after completion of certain conditions b) Completed Not to be done c) Cancelled d) Not to be done
Unit : 2, Group : 1
1.a (Right)
2.b
3.c
4.d
204 1573307 In Sale of Goods Act, the word µSale¶means...
a) Transfer of property in existing goods b) Transfer of property in future goods c) Transfer of property of unsold goods d) Transfer of property in sales
Unit : 2, Group : 1 returned goods

1.a (Right)
2.b
3.c
4.d
205 1573309 In Sale of Goods Act, the word µAgreement to Sell¶means...
a) Transfer of property in existing goods b) Transfer of property in future goods c) Transfer of property of unsold goods d) Transfer of property in sales
Unit : 2, Group : 1 returned goods

1.a
2.b (Right)
3.c
4.d
206 1573313 In Sale of Goods Act, transfer of property from seller to buyer means transfer of...
a) Special Property in Goods b) General Property in Goods c) Useful property in Goods d) Valuable property in Goods
Unit : 2, Group : 1
1.a
2.b (Right)
3.c
4.d
207 1573317 In Sale of Goods Act, transfer of special property means«
a) Property of using the Goods b) Property of owning Goods c) Property of reselling the Goods d) Valuable property in Goods
Unit : 2, Group : 1
1.a (Right)
2.b
3.c
4.d
208 1573321 The essential elements of contract of sales should include...
a) Two parties (Seller & Buyer) b) Goods & Price for goods c) Transfer of General Property d) All of the above
Unit : 2, Group : 1
1.a
2.b
3.c
4.d (Right)

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 Question Details of Subject :QUIZ-BAT-259
Page 33 of 86
QNo Question Id Question Description
209 1577471 What can be the subject matter of the contract of sale as per section 6 of Sale of Goods Act:
a)Only existing goods owned or possessed by the owner
Unit : 2, Group : 1 b)Only Future goods
c)Existing goods which are neither owned nor possessed by the owner
d)Existing goods, owned or possessed by the owner or future goods

1.a
2.b
3.c
4.d (Right)
210 1577479 In a contract for sale of specific goods, the goods, without the knowledge of seller perished at the time when the contract was made, the contract is:
A voidable contract at the instance of seller
Unit : 2, Group : 1 A voidable contract at the instance of buyer
A voidable contract subject to approval of the civil court
A void contract

1.a
2.b
3.c
4.d (Right)
211 1578516 To determine the premiums required; actuaries apply the principle derived from

Unit : 2, Group : 1 A) the law of averages and the theory of probability.

B) underwriting.
C) rating.
D) the size of the sample

1.a (Right)
2.b
3.c
4.d
212 1573266 Which of the Followings are not the Negotiable Instruments as defined by the Statute...
a) Banker¶s Note b) Promissory Note c) Bill of Exchange d) Cheque
Unit : 2, Group : 1
1.a (Right)
2.b
3.c
4.d
213 1578528 Insurance provides security against ________
a) Risk b) Losses c) Both (a) & (b) d) None of them
Unit : 2, Group : 1
1.a
2.b
3.c (Right)
4.d

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 Question Details of Subject :QUIZ-BAT-259
Page 34 of 86
QNo Question Id Question Description
214 1578540 The insurer agrees to compensate the insured in consideration of a sum of money is called
a) Premium b) Policy c) Subject matter d) None
Unit : 2, Group : 1
1.a (Right)
2.b
3.c
4.d
215 1573100 Complete the name of the Negotiable Instrument Act,----------

Unit : 2, Group : 1 1.1861

2.1871
3.1881 (Right)
4.1891
216 1573104 Which section define the Bills of Exchange under the Negotiable Instrument Act

Unit : 2, Group : 2 1.3

2.4
3.5 (Right)
4.6
217 1573111 Which section deals with Promissory Notes of NI Act

Unit : 2, Group : 2 1.2

2.3
3.4 (Right)
4.5
218 1573116 Which section deals with CHEQUE of NI Act

Unit : 2, Group : 2 1.4

2.5
3.6 (Right)
4.7
219 1573172 the sale of Goods Act, 1930 contains
A. 66 Sections B. 68 Sections
Unit : 2, Group : 2 C. 70 Sections D. None of above

1.a (Right)
2.b
3.c
4.d
220 1573180 Section 2, of The Sale of Goods Act is about
A. Principles B. Definitions
Unit : 2, Group : 2 C. Exceptions D. None of above

1.a
2.b (Right)
3.c
4.d

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 Question Details of Subject :QUIZ-BAT-259
Page 35 of 86
QNo Question Id Question Description
221 1573182 As per-section 2(1), a person who buys or agrees to buy goods is called
A. Buyer B. Seller
Unit : 2, Group : 2 C. Both (a) and (b) D. None of above

1.a (Right)
2.b
3.c
4.d
222 1573186 The voluntary transfer of possession from one person to another is called
A. Transfer B. Change of possession
Unit : 2, Group : 2 C. Delivery D. None of above

1.a
2.b
3.c (Right)
4.d
223 1573189 As per section 2, sub section 7 every kind of moveable property other than actionable claim and money is called
A. Goods B. Future goods
Unit : 2, Group : 2 C. Both (a) and (b) D. None of above

1.a (Right)
2.b
3.c
4.d
224 1573191 . Future goods means goods to be manufactured or produced or acquired by the seller
A. In future prescribed time B. After making of contract
Unit : 2, Group : 2 C. Before making of contract D. None of above

1.a
2.b (Right)
3.c
4.d
225 1573194 As per section 2 sub-section 8, of the Sales of Goods Act, insolvent means a person
A. Who has ceased to pay his debts in the ordinary course of business B. Or can not pay his debts as they become due
Unit : 2, Group : 2 C. Both (a) and (b) D. None of above

1.a
2.b
3.c (Right)
4.d
226 1573196 . The agent having in customary course of business as such agent authority either to sell goods or to consign goods for the purpose of sale or to buy
goods or to raise money on the security of goods is called
Unit : 2, Group : 2 A. Agent B. Mercantile agent
C. Partner D. None of above

1.a
2.b (Right)
3.c
4.d

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 Question Details of Subject :QUIZ-BAT-259
Page 36 of 86
QNo Question Id Question Description
227 1573225
26. Where an unpaid seller has made part delivery of the goods he may exercise his right________
Unit : 2, Group : 2 A. Return on the remainder B. Of lien on the remainder
C. Sale to any other person D. None of above

1.a
2.b (Right)
3.c
4.d
228 1573202 The goods identified and agreed upon at the time a contract of sale is made are called
A. Ordinary goods B. Specified goods
Unit : 2, Group : 2 C. Scheduled goods D. None of above

1.a
2.b (Right)
3.c
4.d
229 1573205 Section 4, of the Sale of Goods Act 1930, deals with
A. Sale B. Agreement to sell
Unit : 2, Group : 2 C. Both (a) and (b) D. None of above

1.a
2.b
3.c (Right)
4.d
230 1573206 As per section 4(2), of The Sale of Goods Act, a contract of sale may be
A. Absolute B. Conditional
Unit : 2, Group : 2 C. Both (a) and (b) D. None of above

1.a
2.b
3.c (Right)
4.d
231 1573210 There are_____, essential requisites of sale
A. 2 B. 3
Unit : 2, Group : 2 C. 5 D. None of above

1.a
2.b
3.c
4.d (Right)
232 1573213 According section 5(2) Subject to provision of any law for the time being in force a contract of sale may be
A. Made in writing B. By words of month
Unit : 2, Group : 2 C. Partly in writing or partly in words of month D. All of above ways

1.a
2.b
3.c
4.d (Right)

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QNo Question Id Question Description
233 1578534 The ________ is the party who gets his life or property insured against risks.
a) Insured b) Insurer c) Assurer d) None
Unit : 2, Group : 2
1.a (Right)
2.b
3.c
4.d
234 1578523 1. ________ is a social device for eliminating or reducing the loss of society from certain risk. a) Premium b) Policy c) Insurance d) Contract

Unit : 2, Group : 2 1.a

2.b
3.c (Right)
4.d
235 1577484 Can the agreement be avoided when there is an agreement to sell specific goods but subsequently the goods perish or become so damaged without
any fault of the seller or buyer:
Unit : 2, Group : 2 a It can be avoided by the parties
b It can¶t be avoided by the parties
c It can be avoided only with the approval of Court
d It can be avoided only if there is a contract in this regard between the parties

1.a (Right)
2.b
3.c
4.d
236 1578503 The Basis of risk is

Unit : 2, Group : 2 A) liability

B) uncertainty
C) possibility of loss
D) insurance

1.a
2.b
3.c (Right)
4.d
237 1960141 1. Can the agreement be avoided when there is an agreement to sell specific goods but subsequently the goods perish or become so damaged
without any fault of the seller or buyer:
Unit : 2, Group : 2
1.It can¶t be avoided by the parties
2.It can be avoided by the parties (Right)
3.It can be avoided only with the approval of Court
4.It can be avoided only if there is a contract in this regard between the parties
238 1960157 1. A contract of sale may be made:

Unit : 2, Group : 2 1.in writing or by word of mouth

2.by the implied conduct of parties
3.partly in writing of partly by word of mouth
4.All of the above
(Right)

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QNo Question Id Question Description
239 1960168 1. A is a stipulation essential to main purpose of the contract and the breach of which gives rise to a right to treat the contract as repudiated:

Unit : 2, Group : 2 1.Warranty

2.Condition (Right)
3.Disclaimer
4.Guarantee

240 1960539 1. When does the property in the goods pass to the buyer in case of a contract for the sale of unascertained or future goods by description:

Unit : 2, Group : 2 1.When the goods of that description and in a deliverable state are conditionally appropriated to the contract either by the seller or by the
buyer with the assent of each other
2.When the goods of that description and in a deliverable state are unconditionally appropriated to the contract either by the seller or by the
buyer with the assent of each other (Right)
3.When the goods of that description and in a non-deliverable state are conditionally appropriated to the contract either by the seller or by
the buyer with the assent of each other
4.When the goods of that description and in a non-deliverable state are unconditionally appropriated to the contract either by the seller or
by the buyer with the assent of each other
241 1960552 1. In which of the following cases property in the goods does not pass to the buyer when the goods are delivered to the buyer on approval or ³on
sale or return´or other similar terms:
Unit : 2, Group : 2
1.When buyer does any other act adopting the transaction
2.When the buyer retains the goods without giving a notice of rejection and upon expiry of reasonable time
3.When the buyer signifies his approval or acceptance to the seller as to goods
4.When buyer gives a notice of rejection to the seller (Right)
242 1960565 1. Choose the most appropriate answer. Unless otherwise agreed, the goods remain at seller¶s risk until:

Unit : 2, Group : 2 1.The goods have been utilised by the buyer

2.The price to the goods has been received by seller
3.The property therein has been transferred to the buyer
(Right)
4.The goods have been delivered to the buyer
243 1960579 1. When is the sale by mercantile agent who is in the possession of the goods or documents of the title to the goods not valid:

Unit : 2, Group : 2 1.When the buyer is acting in good faith and

2.When the buyer acts in good faith and has notice that the seller has no authority to sell at the time of the contract of sale (Right)
3.When the owner has expressly authorised the act
4.When the mercantile agent acts in the ordinary course of business
244 1960600 1. When the seller has obtained possession of goods under a voidable contract, what title does the buyer acquire when the goods are passed
under the contract of sale:
Unit : 2, Group : 2
1.Buyer acquires good title to the goods if he acts in good faith and without notice of seller¶s defect of title (Right)
2.Buyer does not acquire a good title to the goods even though he acts in good faith and without notice of seller¶s defect of title

3.Buyer acquires good title to the goods if he had no notice of seller¶s defect of title though he did not act in good faith
4.Buyer acquires good title to the goods if he acts in good faith though he had notice of seller¶s defect of title

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QNo Question Id Question Description
245 1833793 Section 2(1) of Sale of Goods Act defines µbuyer¶as:

Unit : 2, Group : 2 1.Person who buys goods and services

2.Person who agrees to buy goods
3.Person who buys or agrees to buy goods (Right)
4.Person who buys or agrees to buy goods and services
246 1833795 Before the enactment of Sale of Goods Act, the provisions regarding Sale of Goods were contained in:

Unit : 2, Group : 2 1.Indian Contract Act, 1872 (Right)

2.Indian Registration Act, 1908
3.Transfer of Property Act, 1882
4.Indian Partnership Act, 1932
247 1833802 Where in a contract of sale the seller purports to effect the present sale of the future goods, the contract operates as:

Unit : 2, Group : 2 1.A Contract of sale

2.An agreement to sell the goods (Right)
3.A Contact of sale or agreement to sell
4.It is not a valid contract
248 1833805 A contract of sale may be made

Unit : 2, Group : 2 1.A in writing or by word of mouth

2.partly in writing of partly by word of mouth
3.by the implied conduct of parties
4.All of the above (Right)
249 1981430 1. In case of breach of condition, the breach gives rise to:

Unit : 2, Group : 2 1.Claim for damages

2.Rejection of goods
3.A right of indemnification
4.A right to repudiate the contract (Right)
250 1981437 1. Which of the following is not an implied condition or warranty in a contract of sale:

Unit : 2, Group : 2 1.The seller has a right to sell the goods and that in the case of an agreement to sell he will have a right to sell the goods at the time when
the property is to pass
2.The seller may take back the possession of the goods at a future date (Right)
3.The buyer shall have and enjoy quiet possession of the goods
4.The goods shall be free from any charge or encumbrance in favour of any third party not declared or known to the buyer before or at the
time when the contract is made.

251 1981450 1. If the contract of sale is by sample as well as by description:

Unit : 2, Group : 2 1.It is not sufficient that the bulk of the goods correspond with the sample if the goods do not correspond with the description (Right)
2.It is not necessary to conform to the sample or description
3.It is sufficient if the bulk of goods correspond to description only
4.It is sufficient if the bulk of goods correspond to sample only

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QNo Question Id Question Description
252 1960250 1. In the Contract of Sale, there is an implied warranty that:

Unit : 2, Group : 2 1.Seller has a right to sell the goods

2.The buyer has the right to have and enjoy the quiet possession of goods only.

3.The buyer has the right to have and enjoy the quiet possession of goods and that the goods shall be free from any charge or
encumbrance (Right)
4.The goods shall be free from any charge or encumbrance
253 1960265 1. In a Contract for Sale of goods by sample and description, it is necessary that:

Unit : 2, Group : 2 1.The bulk of goods shall correspond with the sample as well as description (Right)
2.The bulk of goods shall correspondent with the description and it is not necessary that the bulk of goods correspond with the sample
3.The bulk of goods shall correspond with sample while it is not necessary that the bulk of goods shall correspond with the description
4.Variation of the bulk of goods with the sample and description of goods is only to be treated as a breach of warranty
254 1981249 1. Which of the following is incorrect with regard to the manner through which right of stoppage in transit can be exercised by an unpaid seller:

Unit : 2, Group : 2 1.An unpaid seller can exercise his right of stoppage in transit by giving notice of his claim to the bailee who is in the possession of the
goods
2.Unpaid seller can exercise the right of stoppage in transit by giving an advertisement in leading newspaper of the place where the buyer
ordinarily carries on his business (Right)
3.An unpaid seller can exercise his right of stoppage in transit by giving notice of his claim to the carrier who is in the possession of goods
4.An unpaid seller can exercise his right of stoppage in transit by taking actual possession of the goods
255 1981266 1. Choose the most appropriate option in respect of a Sale which is not generally rescinded by lien or stoppage in transit:

Unit : 2, Group : 2 1.Where an unpaid seller who has exercised his right of lien or stoppage in transit resells the goods, the buyer of such goods does not
acquire a good title thereto as against the original buyer.
2.Where the seller resells the goods in case of buyer¶s default the original contract of sale is not rescinded
3.Where the unpaid seller who has exercised his right of lien or stoppage in transit gives notice to buyer of his intention to resell, the
unpaid seller may resell the goods within a reasonable time and recover damages incurred due to his breach of the contract from the
original buyer
(Right)
4.A contract of sale is rescinded by the exercise of an unpaid seller¶s right of lien or stoppage of lien
256 1981282 1. Which of the following does not fall in the category of ³goods´

Unit : 2, Group : 2 1.Money and actionable claims

2.Growing crops and grass
3.Things attached to or forming the part of land which are agreed to be severed before sale or under contract of sale

4.Stock and shares (Right)

257 1981299 1. Where there is a contract for the sale of specific or ascertained goods the property in them is transferred to the buyer at the time when the:

Unit : 2, Group : 2 1.Price is paid

2.Delivery of goods has been made (Right)
3.Contract is entered into
4.Parties intend the property in goods to pass

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QNo Question Id Question Description
258 1981313 1. A contract of sale can be:

Unit : 2, Group : 2 1.Conditional only

2.Conditional only with the consent of the buyer
3.Absolute or conditional (Right)
4.Absolute only
259 1981521 1. Where the seller wrongfully neglects or refuses to deliver the goods to the buyer, the buyer may sue for:

Unit : 2, Group : 2 1.Damages for non-delivery (Right)

2.Damages for non-acceptance
3.Specific performance
4.Compensation
260 1981199 1. In which of the following cases an unpaid seller does not lose his right of lien:

Unit : 2, Group : 2 1.When the unpaid seller himself waives off his right of lien
2.When buyer or his agent lawfully obtains possession of the goods
3.When seller delivers the goods to a carrier or other bailee for the purpose of transmission to the buyer without reserving the right of
disposal
4.When the unpaid seller has obtained the decree for the price of the goods (Right)
261 1981213 1. In which of the following cases an unpaid seller who has parted with the possession of the goods has the right of stopping such goods in
transit:
Unit : 2, Group : 2
1.When the buyer of goods has been declared as an insolvent (Right)
2.When the buyer of goods has been sentenced to imprisonment for a term of more than two years under any law
3.When the buyer of goods has been has been sentenced to imprisonment for a term of more than six months under any law
4.When the buyer of goods has been declared as a person of unsound mind
262 2004294 Which of the followings are not the Negotiable Instruments as defined by the Statue

Unit : 2, Group : 2
1.Banker¶s Note (Right)
2.Promissory Note
3.Bill of Exchange
4.Cheques
263 2090107 Is there any difference between Sale and Bailment?

Unit : 2, Group : 2 1.Yes (Right)

2.No
3.
4.
264 2090247 Sale and Mortagage are almost same in Sale of Goods Act.

Unit : 2, Group : 2 1.True

2.False (Right)
3.
4.

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QNo Question Id Question Description
265 2090322 Ascertained Goods and Future Goods are different from each other in terms of their presence.

Unit : 2, Group : 2 1.True (Right)

2.False
3.
4.
266 2090393 Right of Sale and Right of Resale have same same legal meaning.

Unit : 2, Group : 2 1.True

2.False (Right)
3.
4.
267 2004451 Promissory note, prepared by ?

Unit : 2, Group : 3 1.The creditor

2.The Debtor (Right)
3.The Surety
4.The seller
268 2004495 The Bill of exchange is prepared by ?

Unit : 2, Group : 3 1.The creditor (Right)

2.The Debtor
3.The Surety
4.The buyer
269 2004589

Unit : 2, Group : 3
The Basis of risk is

1.liability
2.uncertainty
3. possibility of loss (Right)
4.insurance
270 2004635 Bill of exchange drawn in parts are called as...

Unit : 2, Group : 3 1.Bill in Set (Right)

2.Escrow
3.Documentary Bills
4.Attached Bills
271 2004113 Which section of Negotiable Instruments Act deals with Promissory Note?

Unit : 2, Group : 3 1.Section 2

2.Section 4 (Right)
3.Section 6
4.Section 5

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QNo Question Id Question Description
272 2004179 What does Section 6 deals with in Negotiable Instruments Act?

Unit : 2, Group : 3 1.Bill of Exchange

2.Promissory Note
3.Cheque (Right)
4.None of these
273 2004247 An order in writing directing a person to pay a sum of money to a specified person is called

Unit : 2, Group : 3 1.Bill of Exchange (Right)

2.Promissory Note
3.Cheque
4.None of these
274 1981234 1. In which of the following cases, transit of goods is not deemed to be at an end:

Unit : 2, Group : 3 1.When the buyer or his agent in that behalf obtains delivery of goods before their arrival at the appointed destination
2.When goods are in the possession of the carrier or bailee on buyer¶s behalf after their arrival at the appointed destination
3.When the carrier or other bailee wrongfully refuses to deliver the goods to the buyer or his agent
4.When the goods are rejected by the buyer and the carrier or bailee continues in possession of goods (Right)
275 1981360 1. According to Sale of Goods Act, 1930, µseller¶means a person:

Unit : 2, Group : 3 1.who transfers the possession of the goods to the other party
2.who only sells the goods
3.who only agrees to sell the goods
4.who sells or agrees to sell (Right)
276 1981372 1. Where the goods are of perishable nature or where the unpaid seller exercises his right of lien or right of stoppage of goods in transit and
gives notice to buyer for payment and buyer does not pay or tender within reasonable time, an unpaid seller may:
Unit : 2, Group : 3
1.Resell the goods and can recover the damages from the original buyer (Right)
2.Cannot resell the goods
3.Ask the buyer again to make payment
4.Take possession and mark the goods as bad
277 1960491 1. In which of the following cases, there is an implied condition as to particular quality or fitness of goods:

Unit : 2, Group : 3 1.When buyer makes known to the seller the particular purpose for which goods are required as to show that buyer relies on seller¶s skill
and judgment though the seller does not, in the ordinary course of its business, supply such goods
2.When goods are bought by description from seller who deals in goods of that description, whether as a manufacturer or otherwise and
the buyer has examined the goods and found defects in the same
3.When buyer makes known to the seller the particular purpose for which goods are required as to show that buyer relies on seller¶s skill
and judgment and the goods are of description which it is in the ordinary course of seller¶s business to supply (Right)
4.When there is a contract for sale of a specified article under its patent or other trade name
278 1960500 1. When does the property in the goods pass to the buyer in case of contract for the sale of specific or ascertained goods:

Unit : 2, Group : 3 1.When the contract for sale is made

2.When the price is paid for the goods
3.When the parties to the contract intend it to be transferred (Right)
4.When the delivery of goods has been made

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QNo Question Id Question Description
279 1960522 1. When does the property in the goods pass to the buyer in case of an unconditional contract for the sale of specific goods in a deliverable state:

Unit : 2, Group : 3

1.When the contract is made irrespective of whether the time of payment of price or delivery of goods is postponed or not (Right)
2.When the party Intends to transfer
3.At the time of the payment of the price of goods
4.At the time of delivery of goods
280 1981461 1. Where under a contract of sale, the property in the goods has passed to the buyer and the buyer wrongfully neglects or refuses to pay for the
goods, the seller may:
Unit : 2, Group : 3
1.Sue the buyer for damages of non-acceptance
2.Sue the buyer for compensation
3.Sue the buyer for the price of goods
(Right)
4.Ask for indemnification
281 1981483 1. The position of the finder of lost goods is that of:

Unit : 2, Group : 3 1.Bailor

2.Bailee (Right)
3.Creditor
4.True owner
282 1981491 1. X purchases a car from Y. After 6 months, Z, the true owner of the car, demanded it from X. X had to return it to its true owner. X was entitled
to recover the full price even though several months have passed. This is an example of:
Unit : 2, Group : 3
1.Condition as to description
2.Condition as to sample
3.Condition as to fitness (Right)
4.Condition as to title
283 1960614 1. Which of the following cannot be treated as µDelivery¶under the Sale of Goods Act, 1930:

Unit : 2, Group : 3 1.Doing anything which has the effect of putting goods in possession of any person authorised by the buyer
2.Doing anything which has the effect of putting goods in possession of legal representatives of seller (Right)
3.Doing anything which has the effect of putting goods in possession of the buyer
4.Doing anything which the parties agree to be treated as delivery
284 1960628 1. What is the effect of part delivery of goods made in the progress of delivery of the whole of the goods as per section 34 of the Sale of Goods
Act, 1930:
Unit : 2, Group : 3
1.Part delivery of the goods cannot be made under the Act.
2.Part delivery has the same effect as the delivery of the whole only in case of perishable goods.
3.Part delivery has the same effect as the delivery of the whole irrespective of the type of goods unless part delivery is made with intention
of severing it from whole
(Right)
4.Part delivery does not operate as a delivery of remainder.

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QNo Question Id Question Description
285 1960647 1. Which of the following statement is correct with regard to delivery of goods by a seller:

Unit : 2, Group : 3 1.The seller is bound to deliver the goods under all circumstances

2.The seller is bound to deliver the goods when there is either an express contract or when the buyer applies for delivery (Right)
3.The seller is bound to deliver the goods only when the buyer applies for delivery

4.The seller is bound to deliver the goods only when there is an express contract to that effect
286 1960681 1. Which of the following statements is incorrect in respect of Rules as to delivery:

Unit : 2, Group : 3 1.Demand or tender of delivery may be treated as effectual only when made at a reasonable hour (Right)
2.The expenses of and incidental to putting the goods into a deliverable state shall be borne by the buyer

3.Where no time is fixed for sending the goods it should be delivered within a reasonable time
4.Where the goods are in the possession of a third person, the goods are not delivered to buyer unless such third person acknowledges to
the buyer that the goods are held by him on seller¶s behalf
287 1960693 1. As per the provisions of Sale of Goods Act, 1930 which of the following is not a consequence of delivery of wrong quantity of goods to the
buyer:
Unit : 2, Group : 3
1.Where the seller delivers less than the contracted quantity the buyer may reject the same
2.Where the seller delivers the contracted goods mixed with the goods of a different description, the buyer can reject the goods of different
description or may reject the whole of the goods.
3.Where the seller delivers more than the contracted quantity, the buyer may accept the goods included in the contract and reject the rest,
or he may reject the whole. If the buyer accepts the whole of the goods so delivered, he shall pay for them at the contract rate
4.Where the seller delivers more than the contracted quantity, the buyer can only reject the goods not included in the contract (Right)
288 1981117 1. Which of the following is true as regards delivery of goods in instalments as provided under Sale of Goods Act:

Unit : 2, Group : 3 1.The buyer is bound to accept the instalment deliveries only if agreed between the parties (Right)
2.Delivery of goods can¶t be made in instalments
3.The buyer is bound to accept the instalment deliveries only in case of sale of goods by description
4.The buyer is bound to accept the instalment deliveries only in case of perishable goods
289 1981135 1. Choose the most appropriate option out of the following in respect to return of rejected goods by the buyer:

Unit : 2, Group : 3 1.Buyer is bound to return all types of rejected goods

2.Buyer is bound to return only those rejected goods which are perishable
3.Buyer is not bound to return any type of rejected goods, having right to do so, if he intimates to the seller that he refuses to accept the
same (Right)
4.Buyer is bound to return only those rejected goods which are sold by description.
290 1981157 1. Which of the following is not the right of an unpaid seller under Sale of Goods Act, 1930:

Unit : 2, Group : 3 1.Right of resale as limited by the Act

2.Right of stopping the goods in transit, in case of insolvency of buyer
3.Right of lien on goods for the price while the goods are in possession of seller.
4.A. Right of withholding delivery where the property in the goods has passed to the buyer (Right)

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QNo Question Id Question Description
291 1981177 1. In which of the following cases the unpaid seller cannot exercise the right of lien on goods in his possession:

Unit : 2, Group : 3 1.Where the buyer becomes insolvent

2.Where the goods have been sold on credit but the term of credit has not expired
3.Where the goods have been sold on credit but the term of the credit has expired (Right)
4.Where goods have been sold without any stipulation regarding credit
292 1960183 1. A is a stipulation collateral to main purpose of the contract and the breach of which gives rise to a right to claim for damages but not to a right
to reject goods and treat the contract as repudiated:
Unit : 2, Group : 3
1.Warranty (Right)
2.Terms of contract
3.Disclaimer
4.Condition
293 1960232 1. When can a breach of condition be treated as a breach of warranty by the seller as per the provisions of Sale of Goods Act, 1930:

Unit : 2, Group : 3 1.When the buyer fulfills the condition stipulated to the contract of sale
2.When the contract of the sale is not severable and the buyer has accepted the goods or part thereof, subject to an express or implied term
in the contract (Right)
3.When the contract of the sale is severable and the buyer has accepted the entire goods or part thereof
4.When the contract of sale is severable and the buyer has accepted the entire goods

294 1959620 1. What is the purpose behind the enactment of Sale of Goods Act, 1930?

Unit : 2, Group : 3 1.To define the laws relating to the sale of goods
2.To consolidate and amend the laws relating to the sale of goods
3.To define and amend the laws relating to the sale of goods (Right)
4.To consolidate, amend and define the laws relating to the sale of goods
295 1959909 Section 2(1) of Sale of Goods Act defines µbuyer¶as:
Unit : 2, Group : 3
1.Person who buys goods and services
2.Person who buys or agrees to buy goods (Right)
3.Person who buys or agrees to buy goods and services
4.Person who agrees to buy goods
296 1959925 Before the enactment of Sale of Goods Act, the provisions regarding Sale of Goods were contained in:
Unit : 2, Group : 3
1.Indian Contract Act, 1872 (Right)
2.Transfer of Property Act, 1882
3.Indian Partnership Act, 1932

4.Indian Registration Act, 1908

297 1959974 1. Which of the following cannot be said to be included in the term ³goods´defined under section 2(7) of the Sale of Goods Act, 1930:

Unit : 2, Group : 3 1.Stock

2.Shares
3.Growing crops
4.Actionable claims
(Right)

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QNo Question Id Question Description
298 1960004 1. Which of the following most appropriately describes the term ³sale´as per Sale of Goods Act, 1930:

Unit : 2, Group : 3 1.A contract whereby seller transfers the property in goods
2.A contract whereby seller transfers or agrees to transfer the property in goods to the buyer for a price (Right)
3. A contract where transfer of the property in goods is to take place at a future time
4.A contract where transfer of the property in goods is to take place subject to some condition thereafter to be fulfilled
299 1960051 1. When does an agreement to sell become a sale as per the provisions of Sale Of Goods Act, 1930:

Unit : 2, Group : 3 1.When the time elapses or the conditions subject to which the property in the goods is to be transferred are fulfilled (Right)
2.When the seller transfers the property in goods
3.Agreement to sell is deemed to be sale

4.When the seller agrees to transfer the property in goods

300 1578508 To indemnify means to

Unit : 2, Group : 3 A) put back in the same financial position just prior to the loss.
B) put aside funds to pay for losses reported but not yet paid.
C) transfer risk to someone who has better financial resources and can withstand loss..
D) make financial provisions for dealing with potential losses.

1.a (Right)
2.b
3.c
4.d
301 1578511 The Three (3) major categories of insurance are

Unit : 2, Group : 3 A) social insurance, automobile insurance, and life and health insurance
B) social insurance, life and health insurance, and general insurance/property and casualty insurance.
C) general insurance/property and casualty insurance, automobile insurance, and liability insurance.
D) general insurance/property and casualty insurance, property insurance, and life and health insurance.

1.a
2.b (Right)
3.c
4.d
302 1573261 . In Negotiable Instruments Act, the Bill of Exchange is covered under which section...
a) Section 4 b) Section 5 c) Section 6 d) Section 13
Unit : 2, Group : 3
1.a
2.b (Right)
3.c
4.d
303 1573249 Q. As per the Negotiable Instruments Act 1882, the term negotiable means..
a) Money b) Transferable c) Can be passed d) Bargaining
Unit : 2, Group : 3
1.a
2.b (Right)
3.c
4.d

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QNo Question Id Question Description
304 1573252 The term Negotiable Instruments is
a) A written document that transfers the value in it from one person to other
Unit : 2, Group : 3 b) A written document entitled on an individual by delivery or endorsement
c) A written document, entitled on a person to receive money
d) All of the above

1.a
2.b
3.c
4.d (Right)
305 1573257 Which of the followings is not the Negotiable Instruments...
a) Currency Note b) Promissory Note c) Bill of Exchange d) Cheques
Unit : 2, Group : 3
1.a (Right)
2.b
3.c
4.d
306 1573215 Section 12, of the Sale of Goods Act deals with
A. Condition in contracts B. Warraty in contracts
Unit : 2, Group : 3 C. Both (a) and (b) D. None of above

1.a
2.b
3.c (Right)
4.d
307 1573216 A stipulation in contract of sale with reference to goods which are the subject there of may be
A. A condition B. A warranty
Unit : 2, Group : 3 C. Both (a) and (b) D. None of above

1.a
2.b
3.c (Right)
4.d
308 1573218 Which section empowers the unpaid seller to resell the goods under SOG Act

Unit : 2, Group : 3 1.53

2.54 (Right)
3.55
4.56
309 1573221 Section 31 of the Sale of Goods Act deals with duties of seller
A. To show goods B. To deliver goods
Unit : 2, Group : 3 C. To change goods D. None of above

1.a
2.b (Right)
3.c
4.d

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 Question Details of Subject :QUIZ-BAT-259
Page 49 of 86
QNo Question Id Question Description
310 1573235 Section 58, of The Sale of Goods Act provide right of suit for Specific Performance of Contract on the part of
A. Seller B. Buyer
Unit : 2, Group : 3 C. Both (a) and (b) D. None of above

1.a (Right)
2.b
3.c
4.d
311 1573171 FOB stands for

Unit : 2, Group : 3 1.Freight on board

2.Face on book value
3.Free on booking
4.Free on board (Right)
312 1573201 CIF stands for

Unit : 2, Group : 3 1.Carriage insurance and freight

2.cost ,insurance and freight (Right)
3.carriage, insurance and forward labour contract
4.Combination of insurance and freight
313 1573124 Complete the name of the Sale of Goods Act,--------

Unit : 2, Group : 3 1.1929

2.1930 (Right)
3.1932
4.1940
314 1573132 Which section of Sale of Goods Act deals with unpaid seller

Unit : 2, Group : 3 1.42

2.45 (Right)
3.48
4.50
315 1573149 Condition is covered under which section of Sales of Goods Act

Unit : 2, Group : 3 1.12(1)

2.12(2) (Right)
3.12(3)
4.12(4)
316 1573156 warranty is covered under which section of Sale of Goods Act

Unit : 2, Group : 3 1.12(2)

2.12(3) (Right)
3.12(4)
4.12(5)

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 Question Details of Subject :QUIZ-BAT-259
Page 50 of 86
QNo Question Id Question Description
317 1573165 Which section deals with the delivery of Goods under Sale of Goods Act

Unit : 2, Group : 3 1.2(1)

2.2(2) (Right)
3.2(3)
4.2(4)
318 1570701
The term company is defined under which sec of the Act?
Unit : 3, Group : 1
1.Section 2 (4)
2.Section 4 (2)
3.Section 3 (1) (Right)
4.Section 1 (3)
319 1571025 Property of the company belongs to

Unit : 3, Group : 1

1.(a) Company (Right)

2.Shareholders
3.(c) Members
4.Promoters
320 1571420 Which company shares can be freely transferable

Unit : 3, Group : 1 1.Public Company (Right)

2.Private Company
3.Both (a) and (b)
4.None of Above
321 1571725 Minimum number of members in case of public company.

Unit : 3, Group : 1

1.1
2.2
3.5
4.7 (Right)
322 1571730 Minimum number of members in case of private company is

Unit : 3, Group : 1

1.1
2.2 (Right)
3.4
4.7

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 Question Details of Subject :QUIZ-BAT-259
Page 51 of 86
QNo Question Id Question Description
323 1571736 Maximum no. of members in case of private company is

Unit : 3, Group : 1

1.50
2.100
3.150
4.200 (Right)
324 1571742 Maximum no .of members in case of public company is

Unit : 3, Group : 1

1.50
2.Unlimited (Right)
3.100
4.150
325 1571748 How many months did the company can continue its business u/s 45 _______

Unit : 3, Group : 1

1.1
2.2
3.5
4.6 (Right)
326 1571763 A public company is one which has a minimum paid up capital Rs ........ lakhs.

Unit : 3, Group : 1 1.1

2.5 (Right)
3.8
4.10
327 1571773 The first Chairman is generally.

Unit : 3, Group : 1

1.Elected by the Board of directors.

2.Elected by the members.
3.Named in the Article. (Right)
4.Named in the Memorandum.

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 Question Details of Subject :QUIZ-BAT-259
Page 52 of 86
QNo Question Id Question Description
328 1571791 «««««may appoint additional directors from time to time if so authorized by articles.

Unit : 3, Group : 1

1.manager
2.secretary
3.promoters
4.board of directors (Right)
329 1571799 «««liability is imposed on the directors if they manipulate or falsify the accounts of the company.

Unit : 3, Group : 1 (B)

(C)
(D)

1.civil
2.criminal (Right)
3. statutory
4.none
330 1571808 Meeting cannot transact any business unless a««is present at every stage of the meeting

Unit : 3, Group : 1 1.proxy

2.manager
3.quorum (Right)
4.secretary
331 1578957 According to sec 297, a director shall not enter into any contract with the company except with the consent of ««

Unit : 3, Group : 1

1.manager
2.secretary
3.employees
4.board of directors
(Right)

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 Question Details of Subject :QUIZ-BAT-259
Page 53 of 86
QNo Question Id Question Description
332 1578939 A person cannot be a director of more than «««««as per the Companies (Amendment) Act, 2000.

Unit : 3, Group : 1
A)
(B)
(C)
(D)

1. 5 companies.
2.10 companies.
3.15 companies. (Right)
4.20 companies.

333 1578942 Official liquidators are appointed from a panel of.

Unit : 3, Group : 1

1.Company Secretaries.
2.Advocates.
3.Professional firms of chartered accountants
4.All. (Right)
334 1578581 A person liable to contribute towards the assets of the company on the event of its being wound up is a ««««

Unit : 3, Group : 1

1.liquidator
2.solicitor
3.contributory (Right)
4. tribunal
335 1578587 On a winding up order being made in respect of a company, the official Liquidator shall, become the ««««of the company.

Unit : 3, Group : 1

1.liquidator
2.solicitor
3.contributory
4. tribunal
(Right)

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 Question Details of Subject :QUIZ-BAT-259
Page 54 of 86
QNo Question Id Question Description
336 1578594 After obtaining of certificate to commence business a company may be wound up if it does not commence business within «««««««

Unit : 3, Group : 1
(A)
(B)
(C)
(D)

1.one month
2.three months
3.six months
4.one year (Right)
337 1954753 In case of Public Limited Company, the liability of the member is

Unit : 3, Group : 1 1.Limited (Right)

2.Unlimited
3.It can be either of the two
4.
338 1954782 In case of a Private Limited Company, The maximum members cannot exceed

Unit : 3, Group : 1 1.50

2.100
3.150
4.200 (Right)
339 1954803 Can a Private Limited Company can invite General Public for Public deposits

Unit : 3, Group : 1 1.Yes

2.No (Right)
3.Cann't Say
4.
340 1954832 For a Private limited company other than OPC , how many minimum Director (s) are needed

Unit : 3, Group : 1 1.0

2.1
3.2 (Right)
4.3
341 1954849 For a Public Limited Company, how many minimum director are required

Unit : 3, Group : 1 1.1

2.3 (Right)
3.5
4.7
342 1955654 In a Private Limited Company, the shares are

Unit : 3, Group : 1 1.Highly transferable

2.Partial Transferable (Right)
3.Not transferable
4.Cann't say

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 Question Details of Subject :QUIZ-BAT-259
Page 55 of 86
QNo Question Id Question Description
343 1956353 Which are the acts of a Public Limited Company are said to fall under Ultra Vires

Unit : 3, Group : 1 1.Acts against the Provisions of AOA

2.Acts against the provision of MOA (Right)
3.Acts against the Prospectus
4.None of these
344 1956386 Which section of Companies Act 2013 covers the term MOA

Unit : 3, Group : 1 1.2 (36)

2.2(46)
3.2(56) (Right)
4.All of the above
345 1957187 The acts which are Ultra Vires, They are

Unit : 3, Group : 1 1.Null and void (Right)

2.Can be ratified by special resolution
3.Can be ratified by ordinary resolution
4.Either 2 or 3
346 1958331 Which document contains six clauses?

Unit : 3, Group : 1 1.Prospectus

2.AOA
3.MOA (Right)
4.All
347 1920133

Unit : 3, Group : 1
The partnership entity may be regarded as ____________.

1.a legal entity .

2.an accountable entity .
3.both a legal and accountable entity .
4. neither a legal nor an accountable entity (Right)
348 1920152

Unit : 3, Group : 1
When can a private company commence business ?

1.at any time .

2. after applying for registration.
3.after obtaining the certificate of incorporation. (Right)
4. after obtaining the certificate of commencement of business .

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 Question Details of Subject :QUIZ-BAT-259
Page 56 of 86
QNo Question Id Question Description
349 1920177

Unit : 3, Group : 1
An exception to the doctrine of constructive notice is____________.

1.the doctrine of ultra vires .

2. the doctrine of indoor management . (Right)
3.lifting the corporate veil .
4.the doctrine of ultra vires in Articles of Association.
350 1920210

Unit : 3, Group : 1
A company shall not proceed to allot shares until the beginning of the ________day from the date of
issue of prospectus

1.second . (Right)
2. third
3. Afifth.
4.seventh.
351 1920215

Unit : 3, Group : 1
The Return of document is to be filed with the Registrar in the case of __________.

1.allotment of debentures
2. reissue of forfeited shares
3. issue of shares (Right)
4.all of the above

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 Question Details of Subject :QUIZ-BAT-259
Page 57 of 86
QNo Question Id Question Description
352 1920233

Unit : 3, Group : 1
A company is registered with a share capital of Rs. 1,00,000 divided into 1,000 Shares of Rs. 100
each.
If X holds 999 shares and Y has only one share, the law would regard this as a/an_________.

1.illegal association
2.monopoly
3.. partnership .
4.private company (Right)
353 1920223

Unit : 3, Group : 1
A private company is to become a public company if its average turnover in the previous three years
exceeds___________.

1.Rs. 4 crore.
2. Rs. 8 crore
3.Rs. 10 crore (Right)
4.Rs. 50 crore
354 1920275 What is meant by the phrase CSR?

Unit : 3, Group : 1 What is meant by the phrase CSR?a

Multiple Choice Qu

1.Corporate Social Responsibility (Right)

2.Company Social Responsibility
3.Corporate Society Responsibility
4.Company Society Responsibility
355 1920293 What does the importance of ethical behaviour, integrity and trust call into question?

Unit : 3, Group : 1 1.The extent to which managers should attempt to change the underlying beliefs and values of individual followers (Right)
2.Who does what
3.What we do next
4. None of these
356 1920314 Which legislation relates to the concept of business ethics?

Unit : 3, Group : 1 1.Freedom of Information Act (Right)

2.Food Act
3.Building regulations
4.All of these

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 Question Details of Subject :QUIZ-BAT-259
Page 58 of 86
QNo Question Id Question Description
357 1920322 A (n) ________ is a problem, situation, or opportunity requiring an individual, group, or organization to choose among several actions that must be
evaluated as right or wrong.
Unit : 3, Group : 1
1.Crisis
2.Ethical Issue (Right)
3. Indictment
4.Fraud
358 1922200 A partnership firm can raise capital from the stock market

Unit : 3, Group : 1 1.Yes

2.No (Right)
3.
4.
359 1922215 The Indian Stock Market is regulated by which government agency(s)

Unit : 3, Group : 1 1.RBI

2.SIDBI
3.SEBI (Right)
4.All of the above
360 1922227 Can a Private Limited Company enter into Stock Market for raising the capital?

Unit : 3, Group : 1 1.NO (Right)

2.YES
3.
4.
361 1922235 A Private Limited Company can enter into Stock Market for raising the capital.
This statment is
Unit : 3, Group : 1
1.FALSE (Right)
2.TRUE
3.Cannot say
4.
362 1922241 How many clauses are contained in MOA document?

Unit : 3, Group : 1 1.3

2.4
3.5
4.6 (Right)
363 1922248 In case of AOA document, there are how many clauses?

Unit : 3, Group : 1 1.6

2.7
3.8
4.No clauses (Right)

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 Question Details of Subject :QUIZ-BAT-259
Page 59 of 86
QNo Question Id Question Description
364 1833643 The new Companies Act which came into force is known by

Unit : 3, Group : 1 1.Companies Act , 2010

2.Companies Act ,2013 (Right)
3.Companies Act,2015
4.Companies Act,2017
365 1578967 The first directors of a public company are appointed by the.

Unit : 3, Group : 1

1.Public.
2.Shareholders.
3.Promoters. (Right)
4.Government.
366 1578974 Who may be appointed as a director of a company?

Unit : 3, Group : 1

1.An individual. (Right)

2.A body corporate.
3.A firm
4.An association.
367 1902887 As per the provisions of Companies Act 2013, A company can be formed by minimum how many members

Unit : 3, Group : 1 1.0

2.1 (Right)
3.2
4.Any of the above
368 1902935 Which section covers the One Person Company

Unit : 3, Group : 1 1.61

2.62
3.1(61)
4.2(62) (Right)
369 1915994 The power to manage a company is initially vested in whom?

Unit : 3, Group : 1 1.The directors

2.The members
3.The majority shareholders
4.The persons who provide the most capital
(Right)

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 Question Details of Subject :QUIZ-BAT-259
Page 60 of 86
QNo Question Id Question Description
370 1916031 Do the general duties apply only to persons who have been validly appointed to the office of director?

Unit : 3, Group : 1 1.yes (Right)

2.no
3.
4.
371 1916136
What is a shadow director?
Unit : 3, Group : 1

1.A director who has management responsibilities in the company.

2. A person whose directions or instructions the directors of a company follow.
3.A person appointed to attend Board meetings and vote in place of a director. (Right)
4.Anyone who acts as a director, although not validly appointed as one.
372 1917258 The minimum number of persons required to form a public company is ___________.

Unit : 3, Group : 1 1.7 (Right)

2.2
3.3
4.4
373 1917288 The dividend on preference capital is paid______________

Unit : 3, Group : 1 1. whenever there are profits (Right)

2.when there is loss
3.even if there are no profits
4.after dividend is paid to equity shares

374 1918113 A change in a companys registered office from one state to another may be effected by____.

Unit : 3, Group : 1 1.an ordinary resolution

2.a resolution of the board of directors
3.a special resolution
4.a special resolution and confirmation from the company law board (Right)
375 1918599

Unit : 3, Group : 1
_____________ contains a model form of memorandum of association of a company limited by
shares.

1.Table A.
2. Table B. (Right)
3.Table C.
4.Table D.

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 Question Details of Subject :QUIZ-BAT-259
Page 61 of 86
QNo Question Id Question Description
376 1918608

Unit : 3, Group : 1
Mark out the type of alteration that is permitted in the articles of association____.

1. that may not be in the companys interest .

2. that is contrary to the provisions of the companies act.

3.that increases a members liability without his written consent .

4.that is consistent with the memorandum of association . (Right)
377 1918788

Unit : 3, Group : 1
The most important document of a company is its__________.

1.prospectus .
2.annual report.
3.memorandum of association . (Right)
4.article of association
378 1919669

Unit : 3, Group : 1
A foreign company means a company incorporated ________India and having a place of
business______ India .

1.. outside, outside.

2. in, in .
3. in , outside .
4.outside, in . (Right)

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 Question Details of Subject :QUIZ-BAT-259
Page 62 of 86
QNo Question Id Question Description
379 1920052

Unit : 3, Group : 1
The _______constitute the top administrative organ of the company. .

1.general manager .
2.. shareholders.
3.board of directors . (Right)
4.advisory panel .
380 1920085

Unit : 3, Group : 1
A directors election takes place in a general meeting through a separated Resolution passed by a
_______.majority.

1. single . (Right)
2.two-thirds.
3.three-fourths.
4. five-sixths
381 1920098

Unit : 3, Group : 1
The total managerial remuneration to the directors and the manager in respect of any financial year
must not exceed _________percent of the net profit.

1.one .
2.. three.

3.eleven. (Right)
4. ten

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 Question Details of Subject :QUIZ-BAT-259
Page 63 of 86
QNo Question Id Question Description
382 1920109

Unit : 3, Group : 1
Holding company means a company ______________.

1.which holds other company.

(Right)
2. a government company.
3. a chartered company.
4. a subsidiary company.
383 1578986 A company can change its name by passing «««resolution.

Unit : 3, Group : 1

1.special (Right)
2.extra ordinary
3.ordinary
4.none of these
384 2008405 The capital clause of MOA deals with

Unit : 3, Group : 1 1.Location of the company

2.Name of the company
3.Capital structure of the company (Right)
4.All
385 2008421 Out of the six clauses of MOA, one clause is capital clause that gives information related to

Unit : 3, Group : 1 1.Location of the company

2.Name of the company
3.Capital structure of the company (Right)
4.All
386 2008440 Can a Company can increase or decrease the clauses of MOA as per their comfort?

Unit : 3, Group : 1 1.Yes

2.No (Right)
3.
4.
387 2008467 In AOA, a company gives its information about the internal affairs of the company.

Unit : 3, Group : 1 1.Yes (Right)

2.No
3.
4.

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 Question Details of Subject :QUIZ-BAT-259
Page 64 of 86
QNo Question Id Question Description
388 2008553 As per Companies Act ,2013, a company is an artifical legal person

Unit : 3, Group : 1 1.Yes (Right)

2.No
3.
4.
389 2008570 One of the special features of a Public limited company is that it has limited liability.

Unit : 3, Group : 1 1.True (Right)

2.False
3.
4.
390 2008580 Common seal is one of the ingredients of a Public limited company.

Unit : 3, Group : 1 1.True (Right)

2.False
3.
4.
391 2008602 Ultra Vires is related to

Unit : 3, Group : 1 1.AOA

2.MOA (Right)
3.Prospectus
4.All
392 2008620 Conditions related to Appointment, qualification and termination of directors is mentioned in which document

Unit : 3, Group : 1 1.AOA (Right)

2.MOA
3.Prospectus
4.All
393 2008650 A public limited company can enter capital market to raise capital for the project.

Unit : 3, Group : 1 1.True (Right)

2.False
3.Can't say
4.
394 2008670 Can a private limited company can raise capital by way of issuing the shares in the capital market

Unit : 3, Group : 1 1.Yes

2.No (Right)
3.Can't say
4.
395 2008690 As per Company Act 2013, a company have to follow April to March as their financial year.

Unit : 3, Group : 1 1.True (Right)

2.False
3.Can't say
4.

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 Question Details of Subject :QUIZ-BAT-259
Page 65 of 86
QNo Question Id Question Description
396 1920202

Unit : 3, Group : 2
All monies received with the application of shares are to be deposited_______.

1.with the controller of capital issues .

2. in the companys bank account
3.in a special account opened in a scheduled bank for the purpose (Right)
4.with the registrar of companies
397 1920128

Unit : 3, Group : 2
A public corporation denotes a ___________.

1.private limited company .

2. public company .
3. government company .
4.statutory corporation (Right)
398 1920104

Unit : 3, Group : 2
Where a company has three directors , the maximum remuneration payable to all of them is
________% of the annual net profit

1.5
2.10 (Right)
3.20
4.25
399 1920060

Unit : 3, Group : 2
Who/what appoints the first directors of a company ?

1.The shareholders in general meeting .

2.The Registrar of companies
3. The articles of association .
4. The promoters . (Right)

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 Question Details of Subject :QUIZ-BAT-259
Page 66 of 86
QNo Question Id Question Description
400 1920074

Unit : 3, Group : 2
The companies Act provisions as to qualification shares do not apply to ___________.

1. independent private companies .

2. directors appointed by the union government.
3.directors representing special interests .
4.all of the above . (Right)
401 1919675

Unit : 3, Group : 2
A/an _______may become a director of a company.

1.partnership firm .
2. person of unsound mind .
3. individual . (Right)
4. body corporate .
402 1919500

Unit : 3, Group : 2
The principle that so far as the companys internal working is concerned , strangers dealing with the
company are entitled to assume that everything has been regularly done has been laid down in
the_____________.

1. doctrine of indoor management . (Right)

2. principle of constructive notice.
3. principle of management by exception .
4.management by objectives.
403 1918877

Unit : 3, Group : 2
The share capital of a company may be reduced by__________.

1. an ordinary resolution
2.a special resolution . (Right)
3.a resolution of the board of directors .

4.obtaining permission from the company law board

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 Question Details of Subject :QUIZ-BAT-259
Page 67 of 86
QNo Question Id Question Description
404 1918583

Unit : 3, Group : 2
When is a company said to have been registered?

1.When it files the memorandum of association with the registrar of companies.

2. When it gets the certificate of incorporation (Right)
3.When it gets the certificate of commencement of business
4.When it actually starts its business

405 1916149 A shareholder who wishes to make a proposal that that a director is dismissed must give the company 'special notice' of their proposal prior to the
meeting. How many days notice is required for special notice?
Unit : 3, Group : 2
1.7
2.14 (Right)
3.28
4.42
406 1916531 Which Act gives the court power to disqualify someone from being a director if they have been guilty of fraudulent trading or have been participating in
wrongful trading?
Unit : 3, Group : 2
1. Fraudulent Trading Act 2006
2.Companies Act 2006
3.Insolvency Act 1986
4.Company Directors Disqualification Act 1986 (Right)
407 1917248 Minimum paid up capital for a public company

Unit : 3, Group : 2 1. 500000 (Right)

2.400000
3.300000
4.200000
408 1916048 Which ONE of the following is NOT a general duty?

Unit : 3, Group : 2 1.To promote the success of the company for the benefit of its members
2.To act in accordance with the company's constitution.
3. To declare an interest in proposed transactions or arrangements (Right)
4.To obtain member approval for substantial property transactions.
5.o exercise reasonable care, skill and diligence
409 1916059 The general duties of a director are owed to the members

Unit : 3, Group : 2 1.yes

2.no (Right)
3.
4.

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 Question Details of Subject :QUIZ-BAT-259
Page 68 of 86
QNo Question Id Question Description
410 1916003 Every company must appoint at least one director. True or False?

Unit : 3, Group : 2 1.True (Right)

2.false
3.
4.
411 1578977 Prospectus by implication is also known as «

Unit : 3, Group : 2

1.shelf prospectus
2.red herring prospectus
3.abridged prospectus
4.deemed prospectus (Right)
412 1578979 Not less than ««Days notice for a general meeting of a company must be given.

Unit : 3, Group : 2 (A) 10

(B) 15
(C) 21
(D) 30

1.10
2.15
3.21 (Right)
4.30
413 1578972 The main advantage of ««««is that company can save underwriting expenses.

Unit : 3, Group : 2
1.
shelf prospectus
2.red herring prospectus
3.abridged prospectus
4.deemed prospectus
(Right)
414 1920327 What type of justice exists if employees are being open, honest, and truthful in their communications at work?

Unit : 3, Group : 2 1.Procedural

2. Distributive
3.Ethical
4.Interactional (Right)

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 Question Details of Subject :QUIZ-BAT-259
Page 69 of 86
QNo Question Id Question Description
415 1920332 Better access to certain markets, differentiation of products, and the sale of pollution-control technology are ways in which better environmental
performance can:
Unit : 3, Group : 2
1.Increase Revenue (Right)
2.Increase Costs
3.Decrease Revenue
4.Decrease Costs
416 1920298 Which of the following would most effectively act as the primary objective of a business organisation?

Unit : 3, Group : 2 1.To make a profit (Right)

2.To procure resources
3.To communicate with shareholders
4.To mediate between the organisation and the environment
417 1920278 What does Milton Friedman believe to be the sole responsibility of business?

Unit : 3, Group : 2

1.The only social responsibility of business is to its shareholders (Right)

2.Managers should act in ways that balance the interest of society and shareholders
3.The primary responsibility organizations have is to its employees
4.The primary responsibility organizations have is to its stakeholders

418 1920227

Unit : 3, Group : 2
The charter of a company refers to its ________________.

1.prospectus.
2. memorandum of association (Right)
3. articles of association
4. statement in lieu of a prospectus

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 Question Details of Subject :QUIZ-BAT-259
Page 70 of 86
QNo Question Id Question Description
419 1920239

Unit : 3, Group : 2
An association of 30 persons not registered under the companies Act but carrying on a business is
a/an
___________.

1.illegal association (Right)

2. partnership .
3.private company
4.public company.

420 1920218

Unit : 3, Group : 2
The minimum subscription is to be received within ______days of the offer.

1.30
2.60
3.120 (Right)
4.150
421 1920183

Unit : 3, Group : 2
Protection can be claimed under the doctrine of constructive notice if __________.

1. the act is voidable .

2.no inquiries are made.

3. no inquiries are made. (Right)

4.resolution.

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 Question Details of Subject :QUIZ-BAT-259
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QNo Question Id Question Description
422 1920161

Unit : 3, Group : 2
The doctrine of indoor management means__________.

1. strangers dealing with the company may assume that everything is done regularly (Right)
2.strangers must enquire into the regularity of proceedings .
3. strangers can afford to be negligent a s regularity is the companys responsibility .
4.constructive notice
423 1920140

Unit : 3, Group : 2
A promoter is a person who ______________.

1. is a director .
2.is a relative of the company .
3. is a wellwisher of the company .
4.takes part in the companys incorporation . (Right)
424 1578598 A company has to submit a statement of affairs to the Official Liquidator within ««days of the appointment of the official liquidator.

Unit : 3, Group : 2

1.10
2.14 (Right)
3.21
4.30
425 1578601 In a members voluntary winding up the notice of the resolution for winding up shall be filed with the registrar within ««««days
of passing of the resolution.
Unit : 3, Group : 2

1.10
2.14 (Right)
3.21
4.30

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 Question Details of Subject :QUIZ-BAT-259
Page 72 of 86
QNo Question Id Question Description
426 1578910 A public company may be wound up by the Tribunal if the number of its members is reduced below ««««

Unit : 3, Group : 2 (A) 7

(B) 14
(C) 21
(D) 28

1.7 (Right)
2.14
3.21
4.28
427 1578918 An official liquidator is appointed by the ««««

Unit : 3, Group : 2

1.manager
2.a court of competent jurisdiction
3.board of directors
4.central govt. (Right)
428 1578926 Compulsory winding up means winding up.

Unit : 3, Group : 2

1.By the Tribunal (Right)

2.By the members.
3.By the Creditors
4.All of them.
429 1578935 A company may be wound up by the Tribunal if.

Unit : 3, Group : 2

1.The company passes an ordinary resolution to this effect.

2.The company does not commence its business within 6 months of its incorporation.
3.Number of members reduced below 7 in the case of a private company.
4. Company is unable to pay its debts. (Right)

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 Question Details of Subject :QUIZ-BAT-259
Page 73 of 86
QNo Question Id Question Description
430 1578948 Tribunal may appoint the official liquidator to be the liquidator provisionally at any time.

Unit : 3, Group : 2

1.After the presentation of petition for winding up. (Right)

2.After making the winding up order.
3.After dissolution.
4.Before the statutory meeting.

431 1578952 On a winding up order being made, the company¶s property comes under the custody of.

Unit : 3, Group : 2

1.Liquidator (Right)
2.Tribunal.
3.Central Government.
4.Share holders.
432 1578958 As per Sec.457, the statutory powers of the liquidator can be exercised.

Unit : 3, Group : 2

1.With the sanction of Tribunal.

2.Without the sanction of the Tribunal.
3.Some with and some without such sanction. (Right)
4.With the sanction of the Central Government.

433 1578965 «««gives only a general idea about securities.

Unit : 3, Group : 2 (

1.shelf prospectus

2.red herring prospectus (Right)

3.abridged prospectus
4.deemed prospectus

434 1571818 ««««meeting is the first meeting of the members of the public company after its incorporation

Unit : 3, Group : 2

1.board
2.annual general
3.departmental
4.statutory (Right)

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 Question Details of Subject :QUIZ-BAT-259
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QNo Question Id Question Description
435 1572438 A company is called an artificial person because

Unit : 3, Group : 2

1.It does not have the shape of a normal man.

2.It cannot be sued in the court of law.
3.It is invisible and intangible.
4.It exists only in contemplation of law. (Right)
436 1572859 The µcommon seal¶of the company should have

Unit : 3, Group : 2

1.The company¶s name.

2.The words µcorporate seal¶
3.The place of the company.
4.All the above. (Right)
437 1572874 A company comes into legal existence as a person on.

Unit : 3, Group : 2
Click Here for Answer Answer - (D)

1.Approval by Company Law Tribunal to commence business.

2.Approval by Central Government as being a bonafide company.
3.Acceptance of legal documents by the registrar for its incorporation.
4.Issue of certificate of incorporation by the Registrar of companies. (Right)
438 1571779
Minimum paid up share capital in case of a private company is _______
Unit : 3, Group : 2

1.1 Lakhs (Right)

2.2 Lakhs
3.3 Lakhs
4.4 Lakhs
439 1571790 Minimum paid up share capital in case of a public company is ________

Unit : 3, Group : 2

1.1 Lakhs
2.2 Lakhs
3.5 Lakhs (Right)
4.8 Lakhs

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 Question Details of Subject :QUIZ-BAT-259
Page 75 of 86
QNo Question Id Question Description
440 1571767 Liability of a member in case of a private company is

Unit : 3, Group : 2

1.Limited
2.Unlimited
3.Both (a) or (b) (Right)
4.None of the Above
441 1571772 Maximum no. of persons in case of partnership banking business ______

Unit : 3, Group : 2

1.10 (Right)
2.20
3.30
4.5
442 1571757 Minimum subscription should be received with in ______days

Unit : 3, Group : 2

1.130
2.125
3.120 (Right)
4.135
443 1571761 If minimum subscription is not received application money should be refunded with in ______days

Unit : 3, Group : 2

1.20
2.25
3.30
4.10 (Right)
444 1572887 The minimum and maximum number of members in a private company are.

Unit : 3, Group : 2

1. 7 and 50.
2.2 and 50. (Right)
3.3 and 100.
4.2 and unlimited.

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 Question Details of Subject :QUIZ-BAT-259
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QNo Question Id Question Description
445 1572895 The minimum number of members required to form a µpublic Company¶is.

Unit : 3, Group : 3

1.2
2.7 (Right)
3.10
4.50
446 1572909 Any information or knowledge generated by the company.

Unit : 3, Group : 3

1.Is the property of the company and known as intellectual property.

2.Cannot be used by any director for personal gains.
3.If used for personal gains by any director must be accounted for to the
company.
4. All the above.
(Right)
447 1572926 An Article constitutes a contract between.

Unit : 3, Group : 3

1.the company and its members. (Right)

2.the members and outsiders.
3.the company and the outsider.
4. all the above.
448 1571802 Age limit of Directors in case of private company is _________

Unit : 3, Group : 3

1.60
2.65
3.75
4.No Limit (Right)
449 1571794 Minimum number of Directors in case of a public company is __________

Unit : 3, Group : 3

1.1
2.2
3.3 (Right)
4.7

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 Question Details of Subject :QUIZ-BAT-259
Page 77 of 86
QNo Question Id Question Description
450 1571796 Minimum number of Directors in case of private company is _______

Unit : 3, Group : 3

1.1
2.2 (Right)
3.4
4.7
451 1572876 An Audit Committee may include.

Unit : 3, Group : 3

1.Auditors.
2.Company Secretary.
3.Non- executive Directors.
4.All. (Right)
452 1572860 A private Limited company commences business.

Unit : 3, Group : 3

1.At any time

2.After obtaining the certificate of incorporation (Right)
3.After obtaining the certificate to commence business.
4.None of the above.
453 1572854 A company is said to have been registered when?

Unit : 3, Group : 3

1.It files Memorandum of association and Articles of Association.

2.It gets incorporation certificate with the Registrar of Companies (Right)
3.It gets certificate for commencement of business.
4.It actually starts its business.

454 1571815 The liability of members if company is limited by guarantee.

Unit : 3, Group : 3

1.Unpaid value of shares

2.Guarantee amount (Right)
3.Unlimited liability
4.None of the Above

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 Question Details of Subject :QUIZ-BAT-259
Page 78 of 86
QNo Question Id Question Description
455 1576145
The procedure to write facts about a resolution and its decision is called«««««
Unit : 3, Group : 3

1.Explanatory statement
2.statutory report
3.minutes of narration (Right)
4. none
456 1576150 The first directors are usually named in the ««««

Unit : 3, Group : 3

1.articles (Right)
2. memorandum
3.prospectus
4.none
457 1576156 «««««may appoint additional directors from time to time if so authorized by articles.

Unit : 3, Group : 3

1.manager
2.secretary
3.promoters
4.board of directors (Right)
458 1576162 «««liability is imposed on the directors if they manipulate or falsify the accounts of the company.

Unit : 3, Group : 3

1.civil
2.criminal (Right)
3.statutory
4.none
459 1576170 Meeting cannot transact any business unless a««is present at every stage of the meeting

Unit : 3, Group : 3 (A)

(B)
(C)
(D)

1.proxy
2.manager
3.quorum (Right)
4.secretary

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 Question Details of Subject :QUIZ-BAT-259
Page 79 of 86
QNo Question Id Question Description
460 1576176 The company shall send a duplicate copy of the contents of Register of directors to the registrar within ««of the appointment of the
directors.
Unit : 3, Group : 3

1. 30 days (Right)
2.three months
3.60 days
4.six months
461 1576183 ««««meeting is the first meeting of the members of the public company after its incorporation

Unit : 3, Group : 3

1.board
2.annual general
3.departmental
4.statutory (Right)
462 1576208 A document which lays down the fundamental conditions upon which the company is allowed to form is called.

Unit : 3, Group : 3

1. Memorandum of Association. (Right)

2.Article of Association.
3. prospects.
4.Certificate of Incorporation.
463 1576218 Memorandum of Association does not include.

Unit : 3, Group : 3

1.Subscription Clause.
2.Capital Clause.
3.Liability Clause
4.Assets Clause. (Right)

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 Question Details of Subject :QUIZ-BAT-259
Page 80 of 86
QNo Question Id Question Description
464 1576229 The document which invites the public for subscribing capital in the form of shares and debenture is called.

Unit : 3, Group : 3

1.Memorandum of Association
2.Article of Association.
3.Prospectus. (Right)
4.Legal Announcement
465 1920148

Unit : 3, Group : 3
The amount of minimum subscription may be learnt from the ______________.

1. prospectus. (Right)
2.memorandum of association.
3.articles of association .
4. records of general meetings .
466 1920170

Unit : 3, Group : 3
The doctrine of constructive notice implies that __________.

1. every person dealing with the company is deemed to have notice of the documents field (Right)
2.with the registrar of companies
3.regularity of proceedings need be enquired into a notice of a weeks period is to be given for every

exchange of correspondence
4.indoor management

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 Question Details of Subject :QUIZ-BAT-259
Page 81 of 86
QNo Question Id Question Description
467 1920189

Unit : 3, Group : 3
A prospectus is to be issued within _______days of registration.

1.30
2.60
3.90 (Right)
4.180
468 1920195

Unit : 3, Group : 3
A letter of provide must be demanded in the transmission of shares when a person______.

1.is declared insolvent .

2. misbehaves .
3. becomes of unsound mind .
4. has died (Right)
469 1920220

Unit : 3, Group : 3
The private company requires conversion of a public company into a __________.

1. an ordinary resolution .
2. a special resolution
3.. a special resolution and union governments approval (Right)
4. a special resolution and company law board approval
470 1920245

Unit : 3, Group : 3
.Which of the following are characteristics of a company ?

1.It has unlimited liability.

2.It exists only in contemplation of law (Right)
3.It has not a perpetual succession
4.It comes to an end on the death of all its members.

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 Question Details of Subject :QUIZ-BAT-259
Page 82 of 86
QNo Question Id Question Description
471 1920261 Total social utility is a maximum when:

Unit : 3, Group : 3 1.Marginal social utility is positive

2.Marginal social utility is negative
3.Marginal social utility is zero (Right)
4. None of the above
472 1920230

Unit : 3, Group : 3
A Person ceases to be a companys members when _____________.

1. he loses his share certificate .

2.he becomes insolvent
3. his share certificate is converted into a share warrant
4.his shares are forfeited for nonpayment of call monies (Right)
473 1920286 What is the enlightened self-interest model of CSR?

Unit : 3, Group : 3 1.That it is in an organization's own best interest to put itself first rather than its ethics
2.That it is in an organization's best interest to consider what a shareholder would want
3.That it is in an organization's own best interest to act in an ethical way (Right)
4.That it is in an organization's own best interest to follow the legislation and abide by the law
474 1920302 Which of the following does the term Corporate Social Responsibility relate to?

Unit : 3, Group : 3 1. Ethical conduct

2.Environmental practice
3.Community investment
4.All of the above (Right)
475 1920308 What is Ethics to do with?

Unit : 3, Group : 3 1.The wider community

2.Business
3.Right and wrong (Right)
4.Nothing
476 1916019 In a number of situations, the power to manage the company can revert from the directors back to the members. Which ONE of the following is NOT
such a situation?
Unit : 3, Group : 3
1.Where the articles provide for a reversion of power back to the members.
2.Where the directors are unwilling or unable to exercise their powers of management.
3.Where the articles provide the members can direct the directors by passing an ordinary resolution.
4.Where statute provides that the members can interfere in management. (Right)

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 Question Details of Subject :QUIZ-BAT-259
Page 83 of 86
QNo Question Id Question Description
477 1833808 The time gap between two AGM¶s shall not exceed.

Unit : 3, Group : 3

1.15 months (Right)

2.18 months
3.16 months
4.None of above
478 1833813 Minimum number of members in case of public company

Unit : 3, Group : 3 1.1

2.2
3.5
4.7 (Right)
479 1833816 Property of the company belongs to

Unit : 3, Group : 3 1.Company (Right)

2.Share holders
3.Members
4.Promoters

480 1833821 The liability of members if company is limited by guarantee

Unit : 3, Group : 3 1.Unpaid value of shares

2.Guarantee amount (Right)
3.Unlimited liability
4.None of the above
481 1833826 A contract of sale can be:

Unit : 3, Group : 3 1.Absolute only

2.Conditional only
3.Absolute or conditional (Right)
4.Conditional only with the consent of the buyer
482 1916089 Regarding the duty to promote the success of the company, which ONE of the following statements is true?

Unit : 3, Group : 3 1.he directors are required to give equal weight to the interests of the company, its shareholders, its employees and any other relevant
interests. (Right)
2.Where the interests of the company and its shareholders conflict, preference should be given to the interests of the company.
3.c) The interests of the company are always the same as the interests of its shareholders.

4.The duty to promote the success of the company is objective, meaning that what the directors actually believed is irrelevant.
483 1916121 What is the legal minimum number of directors for a private limited company?

Unit : 3, Group : 3 1.1

2.2 (Right)
3.5
4.20

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 Question Details of Subject :QUIZ-BAT-259
Page 84 of 86
QNo Question Id Question Description
484 1918592 The ________defines the scope of a companys activities.

Unit : 3, Group : 3

1.prospectus .

2.memorandum of association. (Right)

3.articles of association .
4.statement in lieu of prospectus
485 1917488 The name of a company can be changed by________________.

Unit : 3, Group : 3 1.an ordinary resolution

2.a special resolution

3. the approval of the union government
4.a special resolution and with the approval of the central government (Right)
486 1918884

Unit : 3, Group : 3
The articles of association can be altered by____________.
A. a resolution of the board of directors .
B. an ordinary resolution in general meeting .
C. a special resolution in general meeting .
D. obtaining permission from the company law board .
ANSWER: C

1. a resolution of the board of directors .

2. an ordinary resolution in general meeting .

3.
a special resolution in general meeting . (Right)
4. obtaining permission from the company law board .

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 Question Details of Subject :QUIZ-BAT-259
Page 85 of 86
QNo Question Id Question Description
487 1918768

Unit : 3, Group : 3
. _________ companies must have their own Articles.

1.Government companies.
2.unlimited companies (Right)
3.Companies limited by shares.
4. Registered companies.
488 1919661

Unit : 3, Group : 3
A change of registered office of a company from one place to another within the same city may be
effected by ___________-.

1.ordinary resolution .
2.confirmation from the regional director of the zone . (Right)
3. special resolution .

4. special resolution with union government approval

489 1920047

Unit : 3, Group : 3
.How many directors of a public company, unless the articles provide otherwise, must be appointed
by
the company in general meeting

1.All the directors .

2. One half of the directors .
3. Two-thirds of the directors . (Right)
4.Three-fourths of the directors .

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 Question Details of Subject :QUIZ-BAT-259
Page 86 of 86
QNo Question Id Question Description
490 1920079

Unit : 3, Group : 3
The union government may appoint such number of directors in a company as it may deem
necessary

1.at its own initiative .

2.on the application of least 100 members of the company .
3. on the application of members holding at least 10% voting rights.
4.. any of the above . (Right)
491 1920090

Unit : 3, Group : 3
Which of the following is beyond the powers of the board of directors ?

1. To issue debentures .
2. To make loans .
3. To remit the payment of any debt due by a director (Right)
4.to issue prospectus.
492 1920116

Unit : 3, Group : 3
A part from the board of directors, a company can have____________.

1. only a manager.
2.only a managing director .
3.both a manager and a managing director .
4.either a manager or a managing director . (Right)
493 1920123

Unit : 3, Group : 3
A person cannot act as managing director of more than _______company /companies at a time.

1.one
2. two . (Right)
3.four
4.five

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