Top 1000+ Solved Fundamentals of Laws and Ethics MCQ Questions Answer
Q. A bill of exchange contains a/an
a. unconditional undertaking
b. unconditional order
c. conditional undertaking
d. conditional order
Q. Cheque is a
a. promissory note
b. bill of exchange
c. both (a) and (b) above
d. None of the above
Q. As per the provisions of section 93, when a cheque is dishonoured by non-acceptance or non-paymentthe holder
a. may or may not give notice to the parties whom the holder seeks to make liable thereon
b. must give notice to the parties whom the holder seeks to make liable
c. must give notice to the parties whom the holder seeks to make liable, but after noting
d. must not give any notice to anyone
Q. Where a cheque is crossed generally the banker on whom it is drawn
a. shall not pay it otherwise than to a banker
b. shall not pay it otherwise than to the holder
c. shall not pay it to a banker
d. none of the above
Q. The Scanlon plan of profit sharing gives utmost importance to ……….
a. Employee participation
b. Ratio
c. High
d. Profit
Q. Characteristic of a good compensation system is ……….
a. Lower the efficiency of worker, higher is compensation
b. Higher the efficiency of worker, lower is compensation
c. Lower the efficiency of worker, lower is compensation
d. Higher the efficiency of worker, higher is compensation
Q. As industrialization taking place, the family values have ……….
a. Changed
b. Remain unchanged
c. Increase
d. Decrease
Q. The unique code allotted to each & every employee in the organization is ……….
a. Employer No.
b. Factory No.
c. Employee No.
d. Individual No.
Q. …………. are assured of a stable amount of money.
a. Employers
b. Directors
c. Managers
d. Employees
Q. To enable employees to participate in profit sharing, employees should have ………..
a. Worked for certain no. of years in Company
b. Worked for one year in a company
c. Worked for six months in a company
d. Worked for eight months in a company
Q. Person working in MNC‘s occupying higher positions devote most of their time for their ……..
a. Family
b. Employment & job
c. Friends
d. Parents
Q. In case of fatal accident occurred inside the factory ,a separate accident report shall be send to thedistrict magistrate in Form No.18 within ……… hrs
a. 8 hours
b. 10 hours
c. 12 hours
d. 14 hours