Q101
Open questionWhich of the following is not regulated by the Competition Act, 2002
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Commerce · all questionsLegal Aspects of Business
Legal Aspects of Business
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Q102
Open questionWhat happens to a continuing guarantee in case of surety's death?
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Q103
Open questionMemorandum of Association does not contain information relating to:
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Q104
Open questionWhat is the meaning of novation?
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Q105
Open questionMr. A sold goods to Mr. B. Determine the TOS in accordance with the provisions of section 12 of the CGST Act, 2017 in case supply involves movement of goods.
1. Date of removal - 1st October, 2019
2. Date of invoice - 2nd October, 2019
3. Date when goods made available to the recipient - 3rd October, 2019
4. Date of receipt of payment - 15th November, 2019
1. Date of removal - 1st October, 2019
2. Date of invoice - 2nd October, 2019
3. Date when goods made available to the recipient - 3rd October, 2019
4. Date of receipt of payment - 15th November, 2019
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Q106
Open questionThe officer designated by the public authorities in all administrative units or offices under it to provide information to the citizens requesting for information under the act is known as
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Q107
Open questionIf an owner entrusts the possession of his goods to a merchant who deals in goods of that kind, the merchant has the power to transfer all rights (including title) to the goods to a buyer in the ordinary course of business. The real owner cannot reclaim the goods from this buyer. Which type of rule is this?
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Q108
Open questionDoctrine of caveat emptor does not apply, when
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Q109
Open questionCan the agreement be avoided when there is an agreement to sell specific goods bur subsequently the goods perish or become so damaged without any fault of the seller or buyer?
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Q110
Open questionWho can be a partner in a limited liability partnership?
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Q111
Open questionConsider the following statements regarding Competition Commission of India (CCI).
1. It is a constitutional body.
2. It has objective of eliminating practices having an adverse effect on competition.
Identify the correct statements.
1. It is a constitutional body.
2. It has objective of eliminating practices having an adverse effect on competition.
Identify the correct statements.
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Q112
Open question'Small shareholder' means a shareholder holding shares of nominal value of not more than twenty thousand rupees or such other sum as may be prescribed. According to section 151 of the Act every listed company may have:
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Q113
Open questionFollowing are the events which generally happen in the life of a public limited company
1. Public issue of shares (IPO)
2. Firm incorporation
3. Preliminary expenditures
4. Issue of equity shares to promoters of the company
Choose the correct sequence (chronological order) of the events from the options given below:
1. Public issue of shares (IPO)
2. Firm incorporation
3. Preliminary expenditures
4. Issue of equity shares to promoters of the company
Choose the correct sequence (chronological order) of the events from the options given below:
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Q114
Open questionWhich of the following is not included in the Memorandum of Association?
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Q115
Open questionWhich are the sections of 2000 Act applicable for Cyber pornography?
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Q116
Open questionAt sight' under section 21 of the Negotiable Instrument Act, 1881, means:
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Q117
Open questionIndicate the true statement:
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Q118
Open questionWhat is the effect of part delivery of goods made in the progress of delivery of the whole of the goods as per section 34 of the Sale of Goods Act, 1930?
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Q119
Open questionThe process of voluntary winding up of solvent company is now shifted from the Companies Act, 2013 to Insolvency and Bankruptcy Code, 2016 with effect from 1st April, 2017. Which of the following differences apply?
1. Shifting of Powers from Official Liquidator to Insolvency Professional.
2. Jurisdictional Authority has been shifted from High Court to National Company Law Tribunal.
3. Governing sections, rules and regulations for Voluntary Winding has now shifted to Section 59 of the Insolvency and Bankruptcy Code, 2016.
4. Timeline for carrying out the Voluntary Winding up process under the IBC is normally of 12 months.
1. Shifting of Powers from Official Liquidator to Insolvency Professional.
2. Jurisdictional Authority has been shifted from High Court to National Company Law Tribunal.
3. Governing sections, rules and regulations for Voluntary Winding has now shifted to Section 59 of the Insolvency and Bankruptcy Code, 2016.
4. Timeline for carrying out the Voluntary Winding up process under the IBC is normally of 12 months.
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Q120
Open questionMatch the following in respect of IT Act, 2000.
| List-I (Offeree) | List-II (Penalty/Punishment) |
| a. Punishment for identity theft | 1. Rs. 5,000 per day |
| b. Residuary penalty | 2. Imprisonment of 3 years and fine of Rs. 1 lakh |
| c. Penalty for failure to furnish information | 3. Imprisonment for life |
| d. Punishment for cyber terrorism | 4. Rs. 25,000 |
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