Legal aspects of business
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Legal aspects of business questions with answers

930 multiple-choice questions. Open any question for its answer and explanation.

  1. Match List-I with List-II and select the correct answer: List-I List-II a. Cyber Crime 1. Intellectual Property Right Act b. Doctrine of Caveat Emptor 2. Negotiable Instrument Act c. Dishonour of Bill 3. Sale of Goods Act d. Patent and Copyrights 4. The Information Technology Act
  2. Which of the following statements are true in context of an associate company under Companie Act, 2013?
  3. Who can be a partner in a Limited Liability Partnership?
  4. Which of the following acts makes provisions about constitution of GST Council?
  5. Right to information includes the right to 1. Inspect works, documents, records 2. Take notes, extracts or certified copies of documents or records. 3. Take certified samples of material. 4. Obtain information in form of printouts, diskettes, floppies, tapes, video cassettes or in any other electronic mode or through printouts. Choose the correct answer:
  6. Which of the following statement(s) is/are true? Statement I: Trademark is represented graphically. Statement II: Trademark is capable of distinguishing the goods or services of one person from those of others. Statement III: Trademark may includes shapes of goods or combination of colours.
  7. The extent of an agent's authority, whether express or implied, depends upon
  8. What protects the intellectual property created by artists?
  9. Dividend is calculated on
  10. Which of the following methods can be used to pass resolution?
  11. In which of the following circumstances, the quasi contractual obligations arise?
  12. The agency extends to receiving notice on behalf of whatever in material to be stated in the course of the proceedings. For this rule to operate 1. The agent must be under a duty to communicate. 2. The information must be material. 3. It must have been obtained in the course of business for which the agent has been engaged. 4. The agent is not privy to a fraud on the principal.
  13. Which of the following does not fall in the ambit of the objectives of Competition Act, 2002?
  14. IGST is payable when the supply is:
  15. Certificate of commencement of business is not required by:
  16. The first committee to design GST model was headed by:
  17. Which one of the following is a void contract?
  18. A company secretary has following liability:
  19. Match List-I with List-II and select the correct answer: List-I (Term) List-II (Explanation) a. Contract 1. Accepted proposal b. Offer 2. Agreement enforceable by law c. Promise 3. Proposal
  20. In which of the following cases is a contract not voidable at the option of the party whose consent was so caused?
  21. Mr. A advertises in a daily newspaper that he will give a prize of Rs. 90,000 to the first person to swim the English channel and back during the month of August. F, who has read the advertisement, sets off from Dower on 1st August and reaches the coast of Fracne on 2nd August. On that day, a further advertisement appears in the same newspaper stating that the offer of the prize has been withdrawn. On 3rd August, F completes the return swim to England can F recover the prize.
  22. Arrange the following in order of their manifestations: 1. Offer 2. Acceptance 3. Breach of contract 4. Contract Choose the correct option from the following:
  23. As per Information Technology Act 2000, if you fails to maintain books of account, then you will be penalised upto
  24. According to Section 14, consent is said to be free when it is not caused by: 1. Coercion 2. Undue influence 3. Fraud 4. Misrepresentation 5. Mistake
  25. Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer: Assertion (A): Consumers need to be given legal protection against certain trade practices and business methods. Reason (R): Protection as per market forces and 'Caveat Emptor' is not enough as perfectly competitive market is an economics dream and consumer sovereignty is a myth.