B. Reasonable terms and conditions.

A. The name of the state in which the registered office of the company is to

B. who for consideration became the possession of promissory note

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business law MCQ Question Paper (70 Marks) | College Tutor AI

business law MCQ — Question Paper

70 marks

Not enough questions to fully build 70 marks paper:

Section B — 1 Mark Questions: short by 10
Section C — 3 Marks Questions: short by 5
Section D — 5 Marks Questions: short by 5

Section A — MCQs

1 mark(s) eachTotal 20

1. 37.

1 mark(s)

Topic: business law MCQ

A. Memorandum of Association does not include.

B. Subscription Clause.

C. Capital Clause.

D. Liability Clause.

Answer: DD. Liability Clause.

Explanation

D. Assets Clause.

2. 36.

1 mark(s)

Topic: business law MCQ

A. A Bill of exchange contains —

B. Conditional undertaking

C. Unconditional undertaking

D. Unconditional order

Answer: CC. Unconditional undertaking

Explanation

C. Unconditional order

3. 19.

1 mark(s)

Topic: business law MCQ

A. Section 2(1) of Sale of Goods Act defines ‘buyer’ as:

B. Person who buys goods and services

C. Person who agrees to buy goods

D. Person who buys or agrees to buy goods

Answer: CC. Person who agrees to buy goods

Explanation

C. Person who buys or agrees to buy goods

4. 10.

1 mark(s)

Topic: business law MCQ

A. When an instrument is lost, it is presumed that it was duly stamped

B. true

C. false

D. not inchoate

Answer: AA. When an instrument is lost, it is presumed that it was duly stamped

Explanation

A. true

5. 21.

1 mark(s)

Topic: business law MCQ

A. Which of the following cannot be said to be included in the term “goods” defined under section 2(7) of the Sale of Goods

B. Stock

C. Shares

D. Growing crops

Answer: DD. Growing crops

Explanation

D. Actionable claims

6. 27.

1 mark(s)

Topic: business law MCQ

A. Features of Negotiable instruments are -

B. Written and signed

C. Recovery

D. Freely transferable

Answer: DD. Freely transferable

Explanation

D. All of the above

7. 40.

1 mark(s)

Topic: business law MCQ

A. What does Caveat emptor means?

B. beware agent

C. beware customer

D. beware trader

Answer: BB. beware agent

Explanation

B. beware customer

8. 34.

1 mark(s)

Topic: business law MCQ

A. ………….meeting is the first meeting of the members of the public company after

B. board

C. annual general

D. departmental

Answer: DD. departmental

Explanation

D. statutory

9. 8.

1 mark(s)

Topic: business law MCQ

A. A person coming forward to accept after it has been dishonoured is called:

B. acceptor for honour

C. acceptor for paying

D. payment for honour

Answer: AA. A person coming forward to accept after it has been dishonoured is called:

Explanation

A. acceptor for honour

10. 14.

1 mark(s)

Topic: business law MCQ

A. The correct sequence in the formation of a contract is :

B. Offer, acceptance, agreement, consideration.

C. Agreement, consideration, offer,acceptance.

D. Offer , Consideration, acceptance, agreement.

Answer: DD. Offer , Consideration, acceptance, agreement.

Explanation

D. Offer,acceptance, consideration, agreement.

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