Top 250+ Solved Laws and Ethics MCQ Questions Answer
Q. "If you contract to sell peas, you cannot oblige a party to have beans" - Thisstatement applies to:
a. an implied condition as to be description of goods
b. the implied condition as to fitness of goods for a particular purpose
c. implied condition as to sample
d. implied condition as to title
Q. Who is an Adolescent as per Factories Act, 1948?
a. Who has completed 17 years of age
b. Who is less than 18 years
c. Who has completed 15 years but less than 18 years
d. None of these
Q. Which of these is not a negotiable instrument as per the Negotiable Instrument Act,1881?
a. Bill of exchange
b. Delivery note
c. Bearer Cheque
d. Share Certificate
Q. A person may not become an agent if ______________
a. He is of the age maturity
b. He is of unsound mind
c. Either of the above
d. None of the above
Q. In absence of a contract to the contrary, an agent is entitled to retain __________________ of the principal until amount due for commission is not received by him.
a. Goods
b. Papers
c. Property (whether moveable or immovable)
d. All of the above
Q. Section 122 of Companies Act, 2013 provides that which of the following provisionsare not applicable to an OPC
a. Section 100: Calling of EGM
b. Section 101: Notice of Meeting
c. Section 105: Proxies
d. All of the above
Q. A company in which either of the Government has no paid-up share capital is calledas a _________________ company
a. Non-Government
b. Government
c. Listed
d. Non-listed
Q. Section 7(4) of Companies Act, 2013 provides that the company shall maintain and preserve copies of all documents and information as originally filed with the registrar till it’s ______________ under this Act.
a. Incorporation
b. Commencement
c. Dissolution
d. None of the above
Q. ______________ are the principles of Business Ethics.
a. Avoid exploitation of consumers
b. Avoid unfair trade practices
c. Unfair treatment to employees
d. All of the above
Q. In case of contractual obligations where the promisor dies before performance:
a. The legal representatives of the promisor must perform the promise
b. The legal representatives of the promisor must perform the promise provided it is not one dependent on the personal qualifications of the promisor
c. The legal representatives may not perform the promise
d. The legal representatives are not liable to pay damages for nonperformance of the promise.
Q. An anticipatory repudiation has the effect of:
a. An automatic putting an end to the contract
b. Putting an end to the contract only on acceptance of the repudiation by the other party
c. Putting an end to the contract only on failure to perform when performance is due.
d. No putting an end to the contract.
Q. In pretended bidding, sale is _______________.
a. Sale is voidable at the option of the seller
b. Sale is voidable at the option of the buyer
c. Valid
d. Illegal
Q. According to Minimum Wages Act, 1948 wage slip shall be issued by every employerto his employees
a. One day prior to disbursement of wages
b. On the date of disbursement of wages
c. One day later to the disbursement of wages
d. Anytime during the month
Q. All monies received on application shall be kept in a separate bank account in a ______ bank.
a. Nationalised
b. Scheduled
c. Government
d. Any of the above
Q. Where a company issues shares with differential right, the _____ should be maintainedunder Section 88 of Companies Act, 2013.
a. List of share-holders
b. Register of shares
c. Register of Members
d. List of shares