Description : For binding contract both the parties to the contract must: (a) Agree with each other. (b) Put the offer and counter offers. (c) Stipulate their individual offer (d) Agree upon the same thing in the same sense.
Last Answer : (d) Agree upon the same thing in the same sense.
Description : When, at the desire of the promisor, the promisee or any other person has done or abstained from doing or, does or abstain from doing or promises to do or to abstain from doing something, such ... called A. Reciprocal promise B. Consideration for the promise C. Counter offer D. Acceptance.
Last Answer : B. Consideration for the promise
Description : Undue influence can be exercised only between the parties who are: A. Related to each other B. Not related to each other C. Friendly to each other
Last Answer : A. Related to each other
Description : _______ takes place when at least one party to a potential exchange thinks about the means of achieving desired responses from other parties. A. Marketing management B. Forecasting C. Segmentation D. Targeting E. Distribution
Last Answer : A. Marketing management
Description : As per section 2(1)(j) of Consumer Protection Act 1986, 'manufacturer' means a person who (i) makes or manufactures any goods or part thereof (ii) does not make or manufacture any goods but assembles parts thereof made or manufactured by ... B. (i) & (iii) C. (ii) & (ii) D. (i), (ii) & (iii)
Last Answer : D. (i), (ii) & (iii)
Description : Which statements are legitimate challenges to utilitarian ethical theory? A. The end may justify the means. B. There is no consensus among utilitarians on how to measure and determine the overall good. C. It ... more relativistic accounts of the good. E. All of the above. F. None of the above.
Last Answer : E. All of the above.
Description : Notice of dishonour must be given A. To the drawer and drawee only B. To the drawer, acceptor and endorser(s) only C. To all the parties liable on the instrument or to their duly ... agent D. To all the parties who are secondarily liable on the instrument or to their duly authorized agent
Last Answer : D. To all the parties who are secondarily liable on the instrument or to their duly authorized agent
Description : The term 'negotiation' in section 14 of the Negotiable Instruments Act, 1881 refers to A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the ... the instrument C. The bargaining between the parties to a negotiable instrument D. All of the above
Last Answer : A. The transfer of a bill of exchange, promissory note or cheque to any person, so as to constitute the person the holder thereof
Description : Where a contract has to be inferred from the conduct of parties, it is called A. Express contract. B. Implied contract. C. Tacit contract. D. Unlawful contract
Last Answer : B. Implied contract.
Description : In Indian Contract Act, the term consensus ad idem means A. Parties under a mistake B. Parties under the free consent C. Parties agreeing upon the same thing in same sense D. None of these
Last Answer : C. Parties agreeing upon the same thing in same sense
Description : A Void Contract A. Is void from the very beginning? B. Enforceable at the option of both the parties. C. Enforceable at the option of one party D. Not enforceable in the court of law
Last Answer : D. Not enforceable in the court of law
Description : Increasing the features and quality you offer is a decision made by which marketing mix? A. Product B. Price C. Promotion D. Place
Last Answer : A. Product
Description : You are given a set of scales and 12 marbles. The scales are of the old balance variety. That is, a small dish hangs from each end of a rod that is balanced in the middle. The device enables ... than the others. You are asked to both identify it and determine whether it is heavy or light -Riddles
Last Answer : Most people seem to think that the thing to do is weight six coins against six coins, but if you think about it, this would yield you no information concerning the whereabouts of the only different coin. ... . The heavier one is the different coin. If they balance, then 2 is a different light coin.
Description : An offer made to a (i) Specific person, or (ii) a group of persons is known as (a) Standing offer (b) Specific offer (c) Special offer (d) Separate offer
Last Answer : (b) Specific offer
Description : The use of management accounting is A. Optional B. Compulsory C. Legally obligatory D. Compulsory to some and optional to others
Last Answer : A. Optional
Description : The following are true about the behavioural symptoms of stress A. The subject’s starts eating more or less B. The subject starts sleeping more or less C. The subject isolates himself/herself from others D. All of the above
Last Answer : D. All of the above
Description : Which statement is a correct view of psychological egoism? A. While our own interests are important, they make sometimes have to give way to the interests of others. B. Psychological egoism ... D. Psychological egoism does not claim to provide an accurate descriptive account of human behavior.
Last Answer : C. If psychological egoism is true, we should abandon ethics.
Description : When a person sells the goods by infringing the copying or trademark of the others, there is breach of an implied. A. Condition as to title B. Condition as to description C. Conditions as to merchantability D. None of these
Last Answer : A. Condition as to title
Description : Two trains running in opposite directions cross a man standing on the platform in 27 seconds and 17 seconds respectively and they cross each other in 23 seconds. The ratio of their speeds is: A.1 : 3 B.3 : 4 C.3 : 2 D.Data inadequate E.None of these
Last Answer : Answer - C (3 : 2) Explanation - Let the speeds of the two trains be x m/sec and y m/sec respectively. Then, length of the first train = 27x metres, and length of the second train = 17y metres. relative speed = total ... 23x + 23y = 27x + 17 y 27x-23x= 23 y-17y 4x=6y x/y=6/4=3/2= 3:2
Description : A and B are 2 trains running in opposite direction cross a man standing on the platform in 54sec and 34 sec respectively and they cross each other in 46sec. The ratio of their speed is. A) 1:3 B) 3:2 C) 2:3 D) 2:2
Last Answer : ANSWER:B Explanation: Let the speed of the 1st train be x' m/sec and the speed of the 2nd train be y' m/sec then the length of the 1st train = 54 x metres length of the 2nd train = 34 y metres 54x + 34y / x+ y ... 54x - 46x = 46y - 34y 8x = 12y x/y = 12 / 8 = 6/4 = 3/2 x:y = 3:2
Description : The ethical dilemma of choosing between two rights refers to A. choosing between the lesser of two evils. B. deciding which of two employee rights is the most important. C. deciding to offer a bribe or lose out on an important opportunity. D. choosing between the two types of sexual harassment.
Last Answer : A. choosing between the lesser of two evils.
Description : Through their contacts, experience, specialization, and scale of operation, ______________ usually offer the firm more than it can achieve on its own. A. manufacturers B. producers C. direct marketers D. intermediaries
Last Answer : D. intermediaries
Description : The demand for a product is ________ when price cut causes revenue to increase. A. Income elastic B. Price elastic C. Cross elastic D. None of the above
Last Answer : B. Price elastic
Description : Who among the following cannot cross a cheque? A. Drawer B. Holder C. Banker D. Foreigner.
Last Answer : B. Holder
Description : Identify the condition when both the parties in a barter economy have to agree to sell and buy each other's commodities? What is it called ? -SST 10th
Last Answer : The situation mentioned in case of a barter economy is called Double Coincidence of Wants.
Description : Recognize the situation when both the parties in a barter economy have to agree to sell and buy each other's commodities ? -SST 10th
Last Answer : This is known as double coincidence of wants.
Description : 11) Designing research procedures that produce reliable marketing data means that: A)others using the same procedure will get almost identical data B)the procedure gives results that support the ... that contradict other research studies D)sampling must be done in a completely random manner
Last Answer : A)others using the same procedure will get almost identical data
Description : Promises which form the consideration or part thereof, for each other under section 2(F) are called A. Acceptances for different proposals B. Agreements C. Reciprocal promises D. Consideration
Last Answer : C. Reciprocal promises
Description : An offer stands revoked (a) If the fact of the death or insanity is known to offeree (b) By counter offer (c) By rejection of offer (d) All the above
Last Answer : (d) All the above
Description : Where an unpaid seller has made part delivery of the goods he may exercise his Right of _______ A. Return of remaining goods B. Lien on the remaining goods C. Sale to any other person D. None of above
Last Answer : B. Lien on the remaining goods
Description : To get 1 GB in Teletalk mother's smile SIM, you have to recharge 9 taka for 7 days. How many times can the offer be taken ? And what other offers are there ?
Last Answer : 1GB 7 day offer is valid for first 3 months in Teletalk Mother Smile SIM . Other offers include: 1GB টাকা 69 (valid for 30 days ) 2GB @ 131 (valid for 30 days)
Description : Consider the following Statements: Indicative Planning is a feature of Mixed Economy'. Perspective Planning is used by socialist countries where each and every aspect of planning is controlled by the State. Which of the above Statement( ... B. B Only 2 C. C Both 1 and 2 D. D Neither 1 nor 2
Last Answer : A. A Only 1
Description : A budgeting process which demands each manager to justify his entire budget in detail from beginning is A. Functional budget B. Master budget C. Zero base budgeting D. None of the above
Last Answer : C. Zero base budgeting
Description : Karma yoga is A. concentrate fully and completely on each duty. B. a preliminary to the use of Japan. C. the way of knowledge. D. the way of psychological experiment.
Last Answer : A. concentrate fully and completely on each duty.
Description : Which of the following statements best describes ethics? A. Ethics considers how someone chooses among alternative courses of action. B. Ethics is about values and principles. C. Ethics is concerned with how a ... . Each of the above covers part of the definition. E. None of the above is true.
Last Answer : D. Each of the above covers part of the definition.
Description : The ________ of a product mix refers to how many variants are offered of each product in the line. A. Width B. Length C. Depth D. Consistency
Last Answer : C. Depth
Description : The ________ of a product mix refers to how many variants are offered of each product in the line. A. Width B. Length C. Depth D. Consistency E. Height
Description : The five product levels constitute a ________. At each level more customer value is added. A. Customer-augmented product B. Customer consumption system C. Customer value-hierarchy D. Customer-perceived value E. Customer hierarchy
Last Answer : C. Customer value-hierarchy
Description : Deepak, Ashwani and Tarun jointly promised to pay ` 90,000 to Pradeep. Deepak was compelled by Pradeep to pay the entire amount of ` 90,000. Here: A. Deepak can file a suit against Pradeep for ... to Deepak. D. Pradeep is not justified here and is liable to refund the entire amount to Deepak.
Last Answer : B. Deepak is entitled to recover ` 30,000 each from Ashwani and Tarun
Description : When channel members assume responsibility for one or more of the marketing flows over at least two separate levels of distribution manufacturing and wholesaling, in fact, such systems are synonymous ... vertical marketing systems C. Administered vertical marketing systems D. None of the above
Last Answer : A. Corporate vertical marketing systems
Description : Which state of India is known as 'Tiger State'? A. Gujarat B. West Bengal C. Madhya Pradesh D. Assam
Last Answer : C. Madhya Pradesh
Description : The historic convention on Biological Diversity held in Rio de Janeiro in 1992 is known as: A. CITES Convention B. The Earth Summit C. G-16 Summit D. MAB Programme
Last Answer : B. The Earth Summit
Description : Which of the following forests is known as the ‘lungs of the planet Earth’? A. Taiga forest B. Tundra forest C. Amazon rain forest D. Rain forests of North East India
Last Answer : B. Tundra forest
Description : The region of earth, where life exists is known as A. Atmosphere B. Biosphere C. Lithosphere D. Hydrosphere
Last Answer : B. Biosphere
Description : Subsidiaries consider regional environment for policy / Strategy formulation is known as A. Polycentric Approach B. Regiocentric Approach C. Ethnocentric Approach D. Geocentric Approach
Last Answer : B. Regiocentric Approach
Description : IBRD (International Bank for Reconstruction and Development) also known as A. Exim Bank B. World Bank C. International Monetary fund D. International Bank
Last Answer : B. World Bank
Description : Who is known as father of economics? A. Adam Smith B. Max Muller C. Joy Chaterjee D. Amritya Sen
Last Answer : A. Adam Smith
Description : Unemployment that arises due to regional occupational pattern of job vacancies, which does not match the pattern of workers availability and suitability, is known as: A. Frictional unemployment B. Structural unemployment C. Cyclical unemployment D. Demand pull unemployment
Last Answer : B. Structural unemployment