Which of the following can be taken as the duties of a bailee?
1. To take reasonable care of the goods
2. Not to make unauthorized use of goods
3. Not to mix goods bailed with his/her own goods
4. To return the goods bailed
5. To return increase or profit accrued
A. 1, 2 and 4
B. 2, 3, 4 and 5
C. 1, 3 and 4
D. 1, 2, 3, 4 and 5
Select an option to see the answer and solution.
Any guarantee which the creditor has obtained by means of keeping silence as to material circumstances is:
A. valid
B. considered to be his approval
C. invalid
D. considered to be his denial
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Which of the following section deals with dishonour by non-payment?
A. Section 92
B. Section 91
C. Section 138
D. Section 140
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Which section of Copyright Act defines copyright?
A. Section 14
B. Section 15
C. Section 16
D. Section 17
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Companies Act was enacted in the year
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GST is a matter of jurisdiction of
A. Union Government
B. State Government
C. Both centre and state government
D. None of these
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Doctrine of constructive notice protects the interests of the
A. Company
B. Shareholder
C. Creditor
D. Government
Select an option to see the answer and solution.
In case of sale, if goods are destroyed loss will be of
A. buyer
B. seller
C. third party
D. None of these
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For which of the following statements, a Public Information Officers can be penalized by an Information Commission?
A. They deny information in a malafide manner
B. Obstructed furnishing information
C. Knowingly gave incorrect, incomplete or misleading information
D. All of these
Select an option to see the answer and solution.
As per SEBI guidelines, on issue of shares, the application money should not be less than
A. 10% of the nominal value of shares
B. 10% of the issue price of the shares
C. 25% of the nominal value of shares
D. 25% of the issue price of the shares
Select an option to see the answer and solution.
The details of outward supplies of goods or services shall be submitted by
A. 10th of the succeeding month
B. 15th of the succeeding month
C. 18th of the succeeding month
D. 20th of the succeeding month
Select an option to see the answer and solution.
What protects the intellectual property created by designers?
A. Copyright
B. Geographical indications
C. Patents
D. Registered designs
Select an option to see the answer and solution.
A Community Interest Company (CIC) can be set up as which of the following?
A. A private company limited by guarantee only
B. A private company limited by shares or a private company limited by guarantee only
C. A private or public company limited by shares or a private company limited by guarantee
D. None of the above, it is a type of partnership
Select an option to see the answer and solution.
On which of the following days, the Information Technology Act 2000 was enacted?
A. 17th October, 2000
B. 17th October, 2001
C. 11th November, 2000
D. 11th November, 2001
Select an option to see the answer and solution.
When liability of a party under an instrument comes to an end, he is said to be
A. discharged
B. released
C. waived
D. None of these
Select an option to see the answer and solution.
After introduction of GST import into India is:
A. Subject to IGST plus BCD
B. Subject to CGST plus SGST plus BCD
C. Zero rated
D. SGST plus CGST plus IGST plus BCD
Select an option to see the answer and solution.
In which of the following terms, we use the words 'consensus-ad-idem'?
A. Proposal
B. Offer
C. Certainty of terms
D. Agreement
Select an option to see the answer and solution.
Choose the correct option for the following statements being correct or incorrect.
Statement I: Intellectual Property (IP) is a category of property that includes intangible creations of the human intellect.
Statement II: IPR does not include trade secrets and moral rights.
A. Both the statements I and II are incorrect
B. Statement II is correct, but I is incorrect
C. Both the statements I and II are correct
D. Statement I is correct, but II is incorrect
Select an option to see the answer and solution.
How many parties are there to a promissory note?
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When is the promise said to be an express promise?
A. When the proposal or acceptance of any promise is made through visual representation
B. When the proposal or acceptance of any promise is made in any way other than words
C. When the proposal or acceptance of any promise is made in words
D. When the proposal or acceptance is made by either in words or in any way other than words
Select an option to see the answer and solution.