BUSINESS LAW S.Y.B.COM MCQ IMPORTANCE QUESTION BANK

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  YOUYUBE: SURAJ PATEL EDUCATION

S.Y.B.COM

BUSINESS LAW 

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https://www.surajpateleducation.com/2021/09/business-law-sybcom-semester-4-mcq-pdf.html 

BUSINESS LAW S.Y.B.COM MCQ IMPORTANCE QUESTION BANK

 


 

1.    ___________ is a valid acceptance of a bill of exchange.

a.    Oral

b.    Written without signature

c.    Signed by the drawee

d.    Corrections made

ANS: C

 

2.    A bill of exchange has ________ parties

a.    Two

b.    Three

c.    Ten

d.    One

ANS: B

 

3.    A negotiable instrument must be in _________________

a.    numbers

b.    writing

c.    coloured paper

d.    valid

ANS: B

 

4.    _____________ instrument means incomplete instrument

a.    Time

b.    Inchoate

c.    Foreign

d.    Inland

ANS: B

 

5.    An unpaid seller has rights against _____________

a.    goods only

b.    buyer only

c.    both goods & buyer

d.    government

ANS: C

 

6.    A cheque must be signed by the _____________

a.    drawer

b.    drawee

c.    acceptor

d.    banker

ANS: A

 

     7.    Mistakes can be of _____________

a.    Indian Law

b.    Anything

c.    Disqualified persons

d.    Men & Women

ANS: A

 

8.    Ignorance of ___________ is no excuse

a.    Consent

b.    Law

c.    Misrepresentation

d.    Fraud

ANS: B

 

9.    Open cheques are popularly known as ___________

a.    Order cheques

b.    Crossed Cheques

c.    Bearer Cheques

d.    Simple Cheques

ANS: C

 

10.    The Negotiable Instrument includes __________

a.    Cheque

b.    Hundi

c.    Share Warrants

d.    Stamp Paper

ANS: A

 

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11.    The doctrine of Caveat Emptor means ___________

a.    Seller has title

b.    Buyer Beware

c.    Breach of Trust

d.    Secondary Condition

ANS: B

 

12.    Condition as to wholesomeness is applicable to _______________

a.    Eatables

b.    Clothes

c.    Electronic goods

d.    Industrial goods

ANS: A

 

13.    There are ___________ implied conditions in a contract of sale

a.    Six

b.    Eight

c.    Seventeen

d.    Zero

ANS: B

 

14.    Year of enactment f Negotiable Instruent Act is ____________

a.    1881

b.    2013

c.    1980

d.    1681

ANS: A

 

15. Minimum _________ parties are required in case of promissory note

a.    Three

b.    Two

c.    Four

d.    Ten

ANS: B

 

16. Seller is a person who _____________

a.    Sells or agrees to sell

b.    Manager

c.    Government

d.    Hire Purchaser

ANS: A

 

17. Under Sale of Goods Act, goods refers to ____________

a.    Luxuries

b.    Valid Indian Curency

c.    Movable property

d.    Claimed money

ANS: C

 

18. ______________ is appointed to do a specific acts for the Principal.

a.    Sub Agent

b.    Specific Agents

c.    Co-agents

d.    General Agent

ANS: B

 

19. The term __________ means putting a person under fear

a.    Coercion

b.    Fraud

c.    Mistake

d.    Undue Influence

ANS: A 

 

 20.    During Bailment, bailee is required to take _____________ care of the goods bailed.

a.    monetary

b.    reasonable

c.    unreasonable

d.    sensible

ANS: B

 

21.    The goods which have been identified and agreed by the parties are _____________

a.    Specific

b.    Damaged

c.    Unascertained

d.    Deliverable

ANS: A 

 

22. An offer must be ___________ before it lapses

a.    changed

b.    accepted

c.    countered

d.    destroyed

ANS: B


23.    Consideration to a contract moves at the desire of ______________

a.    Businessman

b.    Promisor

c.    Minister

d.    Valuer

ANS: B 

 

24.    An agreement with a minor is ___________

a.    Valid

b.    Void

c.    Desirable

d.    Difficult

ANS: B 

 

25.    A minor is a person below ______________

a.    14 years

b.    16 years

c.    18 years

d.    22 years

ANS: C 


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