As per Section 2(h) of the RTI Act, 'public authority' means that any authority or body or institution of self-government established or constituted:
1. By or under the Constitution.
2. By any other law made by Parliament.
3. By any other law made by State Legislature.
4. By notification issued or order made by the appropriate Government.
A. 1, 2 and 3
B. 2, 3 and 4
C. 1, 2, 3 and 4
D. 1, 3 and 4
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Which of the following is not a presumption about a negotiable instrument?
A. Date
B. Consideration
C. Stamp
D. Absolute and good title to the transferee
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A special resolution is one which requires :
A. Special notice of at least 14 days
B. Simple majority of votes
C. Not less than three-fourth majority of votes
D. Two-third majority of votes
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Which among the following is not included in negotiable instrument?
A. Cheque
B. Demand Draft
C. Promissiory Note
D. Mutual Fund
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Person named in the instrument to whom or to whose order the money is to be paid is known as:
A. Drawer
B. Drawee
C. Payer
D. Payee
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When a party to a contract fails to perform a contract within the fixed time, then:
A. Such contract remains valid provided the promise is fulfilled whether at the time of performance or later
B. Such a contract becomes void
C. Such contract becomes voidable at the option of the promise, if the intention of the parties was that time should be of essence of the contract
D. Such a contract becomes voidable at the option of the promisor or promise and the intention of the parties does not matter
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The enterprises exclusively owned managed and controlled by the Central or State Government are known as
A. Government Company
B. Public Enterprises
C. Joint Stock Company
D. Private Enterprises
Select an option to see the answer and solution.
Assertion (A): Reserve Bank of India is an important regulatory and administrative authority to execute FEMA provisions.
Reason (R): Being monetary authority and custodian of foreign exchange, Reserve Bank of India enjoys requisite expertise of FEMA administration.
In the context of the above two statements, which one of the following option is correct?
A. Both (A) and (R) are correct and (R) is the right explanation of (A)
B. Both (A) and (R) are correct, but (R) is not the right explanation of (A)
C. Both (A) and (R) are incorrect
D. (A) is correct and (R) is not correct
Select an option to see the answer and solution.
Which of the following features is not essential for the Indian contract Act?
A. It should be in writing only
B. Free consent of parties competent to contract
C. Lawful consideration and with a lawful object
D. It should not be declared void expressly
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Which of the following are true about conditions according to the Sale of Goods Act?
1. Title
2. Description
3. Quite possession
4. Encumbrances
Choose the correct answer from the following options:
A. 1 and 4 only
B. 2 and 3 only
C. 1, 3 and 4 only
D. 1 and 2 only
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Rules can be made by appropriate governments or competent authorities by notifying the rules
A. In the official gazette
B. By publishing them on the website of the appropriate government
C. By publishing them on the websites of Information Commissions-as applicable
D. None of the above
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Which of the following will qualify for a copyright?
A. New song tune hummed by a musician
B. New song words told to a musician
C. New song tune tweaked by a musician
D. New song recorded by a musician
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Which of the following is an intra-state supply?
A. Supplier of goods located in Nagpur and place of supply of goods SEZ located in Mumbai
B. Supplier of good located in Kolkata and place of supply of goods in Bengaluru
C. Supplier of goods located in Goa and place of supply of goods in Goa
D. All of the above
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Miller-Orr model is used in the management of
A. Inventory
B. Leverage
C. Receivables
D. Cash
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Compensation to states under GST (Compensation to States) Act, 2017 is paid by:
A. Central Government from consolidated fund of India
B. Central Government from GST compensation fund of India
C. Central Government directly from the collection of compensation cess
D. GST Council under Constitution of India
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An agreement created by words spoken or written, is called:
A. Express agreement
B. Execute agreement
C. Implied agreement
D. Voidable agreement
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Which section of the Trademarks Act, illustrates refusal of trademark registration?
A. Section 8
B. Section 9
C. Section 10
D. Section 11
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Publickey is used to
A. Sign digitally
B. Verify the sign
C. Verify the documents
D. Nake payment
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The judgement in the case of Foss Vs. Harbottle lays down the following principle:
A. Doctrine of Constructive Notice
B. Rule of Majority
C. Doctrine of Indoor Management
D. Doctrine of Ultra Vires
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Which of the following statements are true in context of a company under Company Act, 2013?
1. A company can become a member of another company
2. Member's voluntary winding up takes place when the company is insolvent
3. Only board of director can convene Extraordinary General Meeting
A. 1 and 2
B. 2 and 3
C. 1 and 3
D. 1, 2 and 3
Select an option to see the answer and solution.