Top 150+ Solved Business Regulations MCQ Questions Answer
Q. The unpaid seller can exercise his right of lien over the goods for
a. price of goods
b. storage charges
c. any lawful charges
d. all of these
Q. An auction sale is complete on the
a. fall of hammer
b. delivery of goods
c. payment of price
d. both (b) and (c)
Q. An unlawful act by which an intending purchaser is prevented from bidding or raising theprice at an auction sale is known as
a. decoy ducking
b. puffering
c. damping
d. none of these
Q. The right of lien is exercised
a. to retain possession of goods
b. to regain possession of goods
c. to resell the goods
d. none of these
Q. Which of the following rights are available to the unpaid seller against the buyer
a. suit for price
b. suit for interest
c. suit for repudiation
d. all of these
Q. Delivery of the key of the warehouse by the seller to the buyer will amount to
a. actual delivery
b. symbolic delivery
c. constructive delivery
d. none of these
Q. In case the buyer rejects the whole quantity of goods due to short delivery or excessdelivery, the contract is treated as
a. subsisting
b. cancelled
c. void
d. invalid
Q. The Sale of Goods Act, 1930 came into force on
a. 1st day of july 1930
b. 1st day of january 1930
c. 1st day of august 1930
d. 1st day of september 1930
Q. Which law governs the sale of movable property in India?
a. transfer of property act, 1872
b. sale of goods act, 1930
c. indian contract act, 1872
d. all of the above
Q. ‘Delivery’ within the meaning of the Sale of Goods Act can be
a. symbolic
b. actual
c. actual
d. either (a) or (b) or (c)
Q. The term ‘possession of goods’ means
a. ownership of goods
b. custody of goods
c. both (a) & (b)
d. none of these
Q. The term ‘Goods’ in the Sale of Goods Act means
a. subject matter of the contract of sale
b. specific goods only
c. ascertained goods only
d. unascertained goods only
Q. The goods which are to be produced by the seller after the contract of sale is made areknown as
a. contingent goods
b. unascertained goods
c. future goods
d. none of the above
Q. Where money is exchanged by one person for some money with another person, thetransaction is known as
a. barter
b. exchange
c. money sale
d. none of the above