Business Law Questions and Answers | Online Quiz for Practice

46. The rights of consumer as per consumer protection act does not included the right to be

1. Informed
2. Heard
3. Safety
4. Presented

47. The total managerial remuneration to the directors and the manager in respect of any financial year must not exceed..........percent of the net profit.

1. 3%
2. 5%
3. 11%
4. 10%

48. Under contract of bailment, mixing of goods made without the Consent of bailor which are not Separable then the Bailee Shall

1. Bear the separation expenses
2. Compensate all the damages
3. Bear loss Proportionately
4. None.

49. Under Contract of Guarantee, because of which reason Surety is discharged from his liability?

1. Illness of Surety
2. Surety going to foreign Country
3. Surety transfer in other state
4. Change in terms of contract

50. Under the consumer protection act which is not included in the Term of“Goods”?

1. Share-Stock
2. Currency Note
3. Grass on the Land
4. Packing Material

51. Under the contract of guarantee, can the surety file a suit against the principal debtor?

1. True Statement
2. False Statement
3. Both
4. None

52. Under the Contract of Indemnity, the given Promise is for Protection for loss caused by

1. Promisor Himself
2. Any other Person
3. Both
4. None

53. Up to how much maximum amount of redressal is done by state level commission?

1. Rs. 50 lakhs
2. Rs. 25 lakhs
3. Rs. 1 crore
4. Rs. 70 lakhs

54. Validity period for the presentation of cheque in bank is

1. 3 Months
2. 6 Months
3. 1 Year
4. 2 Years

55. What is a maximum age limit of a person who can be a member in national commission is

1. 65 Year
2. 60 Year
3. 50 Year
4. 70 Year

56. What is known as a charter of a company?

1. Memorandum of Association
2. Bye Laws
3. Articles of Association
4. Prospectus

57. When goods are physically handed over to the bailee by the bailor is known as

1. Actual Delivery
2. Temporary Delivery
3. Constructive Delivery
4. None of the Above

58. When the day on which a promissory note or bill of exchange Is at maturity is a public holiday, the instrument shall be deemed to be due on the

1. Next Preceding Business Day
2. Previous Business Day
3. On the Same Date
4. Any of the Above

59. When the Negotiable Instrument Act enacted in India?

1. 1950
2. 1882
3. 1872
4. 1881

60. Where no rate of interest is specified in the bills of exchange or promissory notes then what is the interest rate used for calculating the interest amount?

1. 15% P.A
2. 18% P.A
3. 12% P.A
4. 16% P.A