Scdlsolvedpapers.wordpress.

com Business Law Code -106

SCDL- PGDBA- I Semester _____________________________________________________________________
Brow ser Name: M

Multiple Choice Multiple Answer Question The District Protection Council shall consist of the following members :Correct Answer True/False Question Correct Answer The Collector of District , Members representing such interests as may be prescribed by the State Govt.

An agency cannot be terminated at all. In other words a contract of agency is perpetual. False

Multiple Choice Multiple Answer Question The order of the Commission can be set aside by :Correct Answer True/False Question Correct Answer True/False Question Correct Answer The Supreme Court , The National Commission

Memorandum of a company is a primary and supreme document of the company. True

Special agent and Particular agent mean one and the same thing. True

Multiple Choice Multiple Answer Question Following are the conditions needed to prove an act of a partner is an act of a partnership firm Correct such a act be done in a ordinary course of a partnership firm , it must be related Answer to the business of the firm , act must have been done in the name and on behalf of the firm True/False Question Correct Answer Question Correct Answer True/False Question

In case of Bill of Exchange, the notice of dishonour is essential. True

"Law" means a set of rules and regulations in the nature of dictatorship. False

Subsidiary company can hold shares and can acquire membership of the holding company.

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Scdlsolvedpapers.wordpress.com Business Law Code -106

SCDL- PGDBA- I Semester _____________________________________________________________________
Correct Answer True/False Question False

Correct Answer Multiple Choice Multiple Answer Question Following persons can not be called partners

Publication of prospectus is not at all necessary for the companies for raising the capital from public. False

Correct minors , insolvents , co-owners without the agreement to carry on the business Answer Your Answer minors , insolvents , co-onwers with the agreement to carry on the business

Match The Following Question Unlawful Business Sub-partner Partnership Partners have to be

Correct Answer Dissolution of Partnership

Your Answer Dissolution of Partnership

Sharing of profits by outsiders Sharing of profits by outsiders Association of two or more persons Competent Association of two or more persons Competent Nominal partner

Partner lending his name only Nominal partner

Multiple Choice Single Answer Question The goods, which are owned and possessed by the seller at the time of sale, are known as :Correct Existing goods/Specific goods Answer Question Correct Answer Question Correct Answer There are two types or kinds of capital of a company, i.e. owned capital and borrowed capital. True

Partnership business carried on continuous losses, the court may order to ________ the firm. Dissolve

Multiple Choice Multiple Answer Question The acts or transactions made by the agent can be ratified if the acts or transaction are :Correct Illegal , Criminal , Void ab initio Answer

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Scdlsolvedpapers.wordpress.com Business Law Code -106

SCDL- PGDBA- I Semester _____________________________________________________________________
Your Answer Valid

Question Correct Answer

Shelf prospectus is a prospectus issued by any ________ institutions for one or more issues of the securities. Financial

Multiple Choice Multiple Answer Question A company is registered as an artificial person. It has no :Correct Body , Soul , Conscience Answer Multiple Choice Multiple Answer Question Promissory note must be in :Correct Answer Question Correct Answer Question In writing , Definite , Unconditional

An agency is based upon the ________. Consent

Karta of Joint-Hindu family is ________ of his family.

Correct Representative Answer Your Answer Partner

Multiple Choice Single Answer Question A pardanashin woman means a woman who :Correct Observes seclusion, because of custom Answer Your Answer Uses parda in her daily intercourse Multiple Choice Single Answer Question Mr. Manik appoints Mr. Naveen as his agent to sell the goods at Rs.10,000/- on his behalf. Mr. Naveen sells the goods for Rs.12,000/- . Who is liable to account for it to? Correct Mr. Naveen Answer Multiple Choice Multiple Answer Question An unregistered firm can institute a suit against Correct wrongful use of the trade mark , wrongful use of the firm name Answer Your Answer wrongful use of the firm name , the partner for settlement of firm's account , the partner for any claim of set-off

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Scdlsolvedpapers.wordpress.com Business Law Code -106

SCDL- PGDBA- I Semester _____________________________________________________________________
Multiple Choice Multiple Answer Question An unregistered firm can bring an action in any court of Law against Correct a partner who steals the property of the partnership firm , a partner who Answer purposely damages the property of the partnership firm Your Answer a partner who steals the property of the partnership firm , a partner who purposely damages the property of the partnership firm , a partner who wrongfully deals with the assets of the firm Question Correct Answer A partner may make an agreement with his partners, not to carry ________ business to that of the firm. Similar

Multiple Choice Single Answer Question The person who is authorised to appoint / employ an agent is :Correct Answer A person of sound mind

Multiple Choice Multiple Answer Question A condition is a type of stipulation and has following characteristics :Correct A breach of it gives the suffered party the one & only one Right to repudiate the Answer contract , It is of the subsidiary character Your Answer It is of fundamental in nature , It directly goes to the root of the contract , A breach of it gives the suffered party the one & only one Right to repudiate the contract Multiple Choice Single Answer Question If any member of the Central Council wants to resign from the Central Council, he may do so by a letter addressed to the :Correct Chairman Answer Multiple Choice Multiple Answer Question Section 2 of Indian Contract Act defines proposal as :Correct Answer When one person communicates his desire to do something for another to obtain the assent of another that is a proposal. , When one person signifies to another his willingness to do or to abstain with a view to obtain the consent of another that is a proposal. An intention to create legal relations is one of the most important criterions to establish a contract. True

Question Correct Answer

Multiple Choice Multiple Answer Question In India, some of Negotiable Instruments by usage or custom of trade are :-

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Scdlsolvedpapers.wordpress.com Business Law Code -106

SCDL- PGDBA- I Semester _____________________________________________________________________
Correct Answer Question Correct Answer Question Correct Answer Question A company having control over a subsidiary company Government promissory notes , Bankers drafts , Pay off orders

A partner can not transfer his share to any outsider without obtaining :Consent of other partners

A ________ partner is like an undisclosed principal. Sleeping

Correct Answer Holding company

Your Answer Holding company Memorandum Articles of Association Prospectus

Constitution and objects of the Memorandum company Govern the internal affairs of the company Document includes any notice, circulation, advertisement etc. Question Correct Answer Question Articles of Association Prospectus

If there is a breach of condition, a buyer has an option to claim :Damages The State Council consists of the following members :-

Correct Minister in-charge of consumer affairs in the State Govt. , Members Answer representing such interests as may be prescribed by the State Govt. Your Answer Minister in-charge of consumer affairs in the State Govt. , Members representing such interests as may be prescribed by the State Govt. , Members representing such interests as may be prescribed by the Central Council Question Correct Answer Question Correct Answer Question Correct Answer The person who buys the goods for trading purposes is not a ________ under the Consumer Protection Act, 1986. Consumer

Which of the following is the essential element of the contract ? Free consent

When the partners select to adopt certain firm name which is identical with the firm name already in existence, then such name is :Legal

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Scdlsolvedpapers.wordpress.com Business Law Code -106

SCDL- PGDBA- I Semester _____________________________________________________________________
Your Answer Void

Question Correct Answer Question

The act done by the agent with the permission and on behalf of the principal is ________ on the principal. Binding

Correct Answer Your Answer Contract of sale

Where the transfer of property in the goods is to take place at a future time it is called :Agreement to sell

Question Correct Answer Question

Partnership is an association of three or more persons formed to run the business and share the profits earned in the business. False

Correct Answer Your Answer Presumed

The property in the Negotiable Instrument passes from one person to another person by ________ delivery. Mere/ Simple

Multiple Choice Multiple Answer Question A company is a legal personality and as such it can :Correct Answer Question Own its property in its own name , Enjoy its property in its own name , Dispose of its property in its own name Following are the elements which constitute a partnership

Correct there must be a contract regarding a partnership , there must be an association Answer of two or more persons Your Answer there must be a contract regarding a partnership , the main object of carry on the business must be sharing of liabilities , there must be an association of two or more persons Multiple Choice Multiple Answer Question Classification of companies based on the jurisdiction of functioning is :Correct Answer A National Company , Multinational Company , Foreign Company

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