Top 150+ Solved Business Regulations MCQ Questions Answer
Q. A offers to sell his car on internet, it is
a. an express offer
b. an implied offer
c. a particular offer
d. no offer
Q. The offer which is allowed to remain open for the acceptance over a period of time is knownas a/an
a. standing offer
b. specific offer
c. special offer
d. implied offer
Q. The offer made to a specific person or group of persons is known as a
a. standing offer
b. specific offer
c. special offer
d. separate offer
Q. When a person invites the other party to make an offer, he is said to make a/an
a. proposal
b. offer
c. invitation to offer
d. acceptance
Q. Price lists, catalogues, advertisements in newspapers and enquiries from customers are
a. offers
b. invitations to offer
c. acceptances
d. cross offers
Q. Goods displayed in a shop with a price label is
a. an offer
b. an invitation to offer
c. a counter-offer
d. a contra-offer
Q. When the offers made by two persons to each other containing similar terms of bargain crosseach other in post, they are known as
a. cross offers
b. implied offers
c. direct offers
d. express offers
Q. Which of the following is not the mode of the lapse of an offer?
a. lapse of time
b. case against the offeror
c. insanity of the offeror
d. failure to accept condition precedent
Q. Contract is defined as an agreement enforceable by law, vide section . . . . . of the IndianContract Act
a. 2 (e)
b. 2 (f)
c. 2 (h)
d. 2 (i)
Q. When the contract is perfectly valid but cannot be enforced because of certain technicaldefects. This is called
a. unilateral contract
b. bilateral contract
c. unenforceable contract
d. void contract
Q. Where a contract has to be inferred from the conduct of parties, it is called
a. express contract
b. implied contract
c. tacit contract
d. unlawful contract
Q. Where the obligation in a contract is outstanding on the part of both parties, it is called
a. void contract
b. illegal agreement
c. valid contract
d. bilateral contract
Q. A contract in which, under the terms of a contract, nothing remains to be done by eitherparty is known as
a. executed contract
b. executory contract
c. unilateral contract
d. none of the above
Q. A contract in which, under the terms of a contract, one or both the parties have still toperform their obligations in future is known as
a. executed contract
b. executory contract
c. unilateral contract
d. none of the above