Description : Section 2, sub-section______, of the Sale of Goods Act, 1930 defines "Goods" A. 5 B. 7 C. 6 D. None of above
Last Answer : D. None of above
Description : The term goods for the purpose of sale of goods act does not include a) actionable b)money c) immovable property d)all of these
Last Answer : d)all of these
Description : Where the transfer of the property in the goods is to take place at a future time or subject to some condition, then such contract is called: A. An agreement to sell B. A contract to Sale C. Future Contract D. Conditional contract
Last Answer : A. An agreement to sell
Description : As per section 2(12), of the Sale of Goods Act, quality of goods includes A. State of goods B. Conditions of goods C. Both (a) and (b) D. None of above
Last Answer : C. Both (a) and (b)
Description : As per section 2(8), of the Sales of Goods Act, insolvent means a person A. Who has ceased to pay his debts in the ordinary course of business B. Or cannot pay his debts as they become due C. Both (a) and (b) D. None of above
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 : Section 4, of the Sale of Goods Act 1930, deals with A. Sale B. Agreement to sell C. Both (a) and (b) D. None of above
Description : Future goods mean goods to be manufactured or produced or acquired by the seller A. In future prescribed time B. After making of contract C. Before making of contract D. None of above
Last Answer : B. After making of contract
Description : The term condition is defined in which of the following Section of the Sale of Goods Act. 1930? A. Section 12 (1) B. Section 12 (2) C. Section 12 (3) D. Section 12 (4)
Last Answer : B. Section 12 (2)
Description : Object of the central council is A. The right to be protected against the marketing of goods which are hazardous to life and property B. The right to informed about the quality, quantity ... to be assured that consumer interests will receive due consideration appropriate fora E. All the above
Last Answer : E. All the above
Description : Any person whose claim or objection has been disallowed in whole or in party by and order under sub-section(1) may, within a period a) 3 Months b) Two years c) Six months d) One year
Last Answer : d) One year
Description : As per section 2(1)(b) of Consumer Protection Act 1986, "complainant" means A. a consumer B. any consumer association registered under the Companies Act, 1956 C. the Central Government or any State Government, D. All the above
Last Answer : D. All the above
Description : As per the doctrine of caveat emptor incorporated in Section 16, there is no implied conditions or warranty in a contract of sale as to the A. Merchantability. B. Wholesomeness. C. Quality or fitness for buyer's purpose. D. None of these.
Last Answer : C. Quality or fitness for buyer's purpose.
Description : The agent having in customary course of business as such agent authority either to sell goods or to consign goods for the purpose of sale or to buy goods or to raise money on the security of goods is called A. Agent B. Mercantile agent C. Partner D. None of above
Last Answer : B. Mercantile agent
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 : Which one of the following has a right to claim compensation for any loss due to mis statement in prospectus A. Purchasing shares in Primary Market B. Secondary Market C. Subscribers to memo. D. All the above
Last Answer : A. Purchasing shares in Primary Market
Description : Sonia contracts with Anshul to buy a necklace, believing it is made of pearls whereas in fact it is made of imitation pearls of no value. Anshul knows that Sonia is mistaken and takes no steps ... the contract C. Sonia can cancel the contract alleging undue influence D. Sonia can claim damages
Last Answer : B. Sonia cannot cancel the contract
Description : GDP is the money value of final goods and serviced produced in the………….of a country during an accounting year A. Domestic territory B. Political territory C. Specific area D. FTZ area
Last Answer : A. Domestic territory
Description : National income is the ……………. Of all the goods and services produced by a country during a period of year A. Physical quantity B. Money value C. Value D. All the three
Last Answer : B. Money value
Description : . If the actual rate of unemployment exceeds to natural rate of unemployment then: A. Actual output of the economy will fall below its potential B. Production will increase more than potential C. Consumption of goods decreases D. Both (a) and (c) above.
Last Answer : D. Both
Description : Which of the following statements is true A. Habitual behaviour patterns like over scheduling, procrastination, etc. Can cause negative stress B. Thoughts like fear, worrying about future etc. can cause negative stress C. Both ‘A’ & ‘B’ are true D. None of the above
Last Answer : C. Both ‘A’ & ‘B’ are true
Description : In case of an agreement to sell, action against a third party for damaging the goods can be taken by: A. The seller B. The buyer C. Both D. None
Last Answer : A. The seller
Description : A stipulation in contract of sale with reference to goods which are the subject there of may be A. A condition B. A warranty C. Both (a) and (b) D. None of above
Description : An unpaid seller is having rights against A. Goods only B. The buyer only C. Both goods and buyer D. None of the above
Last Answer : C. Both goods and buyer
Description : Which of the following types of conditions and warranties are covered by the Sale of Goods Act, 1930? A. Express B. Implied C. Both (a) and (b) D. Only (b)
Description : According to implied ' warranty as to quiet possession' it is presumed that the buyer shall have the A. Peaceful possession of the goods. B. Right to use the goods as an owner. C. Both D. None of these
Last Answer : C. Both
Description : A minor was facing a criminal prosecution for smuggling drugs. He borrowed Rs. 5000 to hire an advocate to defend him in the court of law. What is the remedy available to the creditor if the ... the age of majority D. The creditor can recover his amount from the parent or guardian of the minor
Last Answer : A. The creditor cannot recover the amount from the minor since a contract with a minor is void ab initio
Description : If any claim is preferred to , or objection made to the attachment of, any property attached under section 83 within a) 3 Months b) One month c) Six months d) One year
Last Answer : c) Six months
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 : The sub-variance of material usage variance, known as Material mix variance is measured as A. Total standard cost - Total actual cost B. Standard cost of revised standard mix - Standard cost of ... unit price) * Actual quantity used D. (Standard quantity - Actual quantity) * Unit standard price
Last Answer : B. Standard cost of revised standard mix - Standard cost of actual mix
Description : Identify the statement that is consistent with utilitarian ethical theory: A. Adhering to a set of principles may well forbid an act that would otherwise provide overall net good consequences. B. No act is ever ... lying are wrong of their very nature, the kind of acts they are. No amount of n
Last Answer : B. No act is ever morally right or wrong in all cases, in every situation. It will all depend on the act's consequences.
Description : Identify the statement that is consistent with utilitarian ethical theory: A. Adhering to a set of principles may well forbid an act that would otherwise provide overall net good consequences. B. No ... amount of net good consequences could ever justify them. D. The end never justifies the means.
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 : 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 : Can the holder of a negotiable instrument indorsed in blank convert the indorsement into an indorsement in full? A. No, such a conversion is not possible under the Negotiable Instruments Act, 1881 (Section ... the indorsement in blank to an indorsement in full (Section 49) D. None of the above.
Last Answer : C. Yes, the holder can by signing his own name and by writing above the indorser's signature a direction to pay to any other person as indorsee, convert the indorsement in blank to an indorsement in full (Section 49)
Description : Full employment is the level at which there is A. Zero unemployment B. Normal rate of unemployment C. Less supply of labor D. Demand for goods is less than supply.
Last Answer : C. Less supply of labor
Description : in these states where it's either criminally or civilly actionable to knowingly infect someone with an STD, how could you prove that the defendant isn't the party that contracted the disease rather than gave it?
Last Answer : It would be expensive BUT. Iirc there should be a way to test for the viral strain , so and do strains could be identified as related to the strain affecting the victim. After that it should be a game of finding the corcumstanvial evidence.
Description : The goods identified and agreed upon at the time a contract of sale is made are called A. Ordinary goods B. Specified goods C. Scheduled goods D. None of above
Last Answer : B. Specified goods
Description : The delivery of goods by one person to another for some purpose, upon a contract and that they shall, when the purpose is accomplished, be returned or otherwise disposed of by accounting to the ... then it is called: A. Contingent contract B. Bailment C. Pledge D. Contract of indemnity
Last Answer : B. Bailment
Description : The Bailment of goods as security for payment of a debt or performance of a promise is called: A. Pledge B. Bailment C. Contingent contract D. Agreement
Last Answer : A. Pledge
Description : What is the strong connective tissue that holds the bones together in moveable joints called?
Last Answer : Feel Free to Answer
Description : The concept of sustainable development encourages A. Form of growth that meets current basic needs B. Preservation of the resources for the need of future generation C. A change in all respects of ... to meet current needs, preservation for the needs of future and change in all respects of life
Last Answer : D. Growth to meet current needs, preservation for the needs of future and change in all respects of life
Description : Practically, what is the most significant organ of the WTO? A. The Committee on Trade and Development B. The Council for Trade in Goods C. The General Council D. The Ministerial Conference
Last Answer : C. The General Council
Description : Theoretically, what is the most significant organ of the WTO? A. The Committee on Trade and Development B. The Council for Trade in Goods C. The General Council D. The Ministerial Conference
Last Answer : D. The Ministerial Conference
Description : Under a floating exchange rate system, an increase in U.S. imports of Japanese goods will cause the demand schedule for Japanese yen to: A. Increase, inducing a depreciation in the yen B. ... C. Increase, inducing an appreciation in the yen D. Decrease, inducing an appreciation in the yen
Last Answer : C. Increase, inducing an appreciation in the yen
Description : Nominal GDP is A. The total value of goods and services net of exports B. The total value of goods and services produced during periods of low unemployment C. The total value of goods and services measured at current prices D. The total value of goods and services produced at full employment.
Last Answer : C. The total value of goods and services measured at current prices
Description : What is Gross National Product: A. The total output of goods and services produced by the country’s economy B. The total domestic and foreign output claimed by residents of the country C. The sum of gross domestic product and investment
Last Answer : B. The total domestic and foreign output claimed by residents of the country
Description : Select the reasons, historically speaking, why the modern corporation was established as a legal entity: A. Social benefits flow from corporate institutions. B. Corporations provide an efficient means for raising large ... and for supplying jobs. E. All of the above. F. None of the above.
Last Answer : E. All of the above.