Top 150+ Solved Business Regulations MCQ Questions Answer

From 121 to 135 of 184

Q. Which of the following persons does not have a right of general lien?

a. bankers

b. wharfingers

c. finder of goods

d. factors and policy brokers

  • c. finder of goods

Q. X lent his car to his friend Y for two days without any charges. It is a

a. non-gratuitous bailment

b. gratuitous bailemnt

c. hypothecation

d. beneficial bailment

  • b. gratuitous bailemnt

Q. Out of following, which is/are duty of a bailee?

a. to take care

b. to take a reasonable care

c. to sell the goods

d. to retain the goods

  • b. to take a reasonable care

Q. Out of following, which is/are rights of a bailee?

a. to indemnify

b. to claim necessary expenses

c. to delivery of goods to any one of the joint bailor of the goods

d. all of the above

  • d. all of the above

Q. A person appointed to contract on behalf of another person is known as a/an

a. principal

b. agent

c. independent contractor

d. servant

  • b. agent

Q. Which of the following is not a right of the agent?

a. right of lien

b. right to be indemnified

c. right to remuneration

d. right to make secret profits

  • d. right to make secret profits

Q. Where the agent contracts for a principal, who is not competent to contract, in such a casethe agent is

a. personally liable

b. exceeding authority

c. not personally liable

d. none of these

  • a. personally liable

Q. Substituted agent is appointed by whom?

a. government

b. court

c. principal

d. agent

  • c. principal

Q. What is the name given to an agency which cannot be terminated?

a. revocable agency

b. irrevocable agency

c. agency for a single transaction

d. agency created in necessity

  • b. irrevocable agency

Q. A surety is NOT discharged from his liability:

a. if terms of contract are varied without his consent.

b. if the creditor gives time to the principal debtor without his consent.

c. if the creditor releases the other co-surety.

d. if the creditor releases the principal debtor.

  • c. if the creditor releases the other co-surety.

Q. Cosumer Protection Act is applicable on-

a. goods

b. services

c. restrictive trade practices

d. all of these

  • c. restrictive trade practices

Q. In District Forum in addition to President, minimum members are-

a. three

b. two

c. four

d. no definite number

  • b. two

Q. Jurisdiction of State Commission is-

a. up to 5 lacs

b. up to 20 lacs

c. up to 30lacs

d. none of these

  • d. none of these
Subscribe Now

Get All Updates & News