Commerce · all questions

Legal Aspects of Business
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Q121

First Discussion Paper (FDP) which formed the basis for GST in 2009 was released by?

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Q122

Where the parties to a contract are under the mistake as to matter of fact essential to the agreement, the agreement is:

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Q123

In which of the following cases, the contract is not discharged on the ground of subsequent impossibility?

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Q124

Consider the following statements:
Assertion (A): The companies Act does not lay down any academic, technical or professional qualification for directors. It does not even provide for any share qualification.
Reason (R): The Articles usually provide for a minimum share qualification. Where such qualification is laid down the Act provides that the nominal value of the qualification shares must not exceed Rs. 5,000 or the nominal value of one share where it exceeds Rs. 5,000.
Now select your answer:

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Q125

Which of the following statements are true in context of GST?
1. Adoption of four slabs tax rate structure of 5%, 12%, 18% and 28%.
2. There would be a category of exempt goods.
3. A cess would be levied on certain goods such as luxury cars, aerated drinks, pan masala and tobacco products, over and above the rate of 28% for payment of compensation to the states

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Q126

If it appears from the nature of the case that it was the intention of the parties to any contract that any promise contained in it should be performed by the promisor himself:

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Q127

For consumers, . . . . . . . . results in higher price, poor quality and less choice.

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Q128

A is one who performs the preliminary duties necessary to bring a company into being and float it. Identify A.

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Q129

When laws or court orders, force a company to appoint a liquidator who sells assets and distributes the proceeds to creditors it is:

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Q130

Caveat emptor means

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Q131

A proposal cannot be revoked in Indian Contract by:

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Q132

Who constitute the top administrative organ of the company?

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Q133

The advance money received from the shareholders before the calls are made is

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Q134

Consider the following statements about the Right to Information (RTI) Act, 2005 and select one which is not provided for or specially exempted?

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Q135

The Negotiable Instrument Act came into force on

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Q136

The term company is defined under which section of the Act?

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Q137

How much time does an APIO, at the most, have to forward the RTI application/appeal to the Public Information Officer/first Appellate Authority?

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Q138

DPIN stands for:

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Q139

A change in the registered office of the company from one state to another can be affected by:

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Q140

Right against goods include

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