Description : The Right of Lien is exercised: A. To retain the possession of goods B. To regain the possession of goods C. To resell the goods D. To transfer the goods
Last Answer : A. To retain the possession of 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 : __________________ standards seek to encourage voluntary commitment to social responsibility. A. ISO 26000 B. AA1000 C. CSR D. OECD
Last Answer : A. ISO 26000
Description : A distribution channel moves goods and services from producers to consumers. It overcomes the major time, place, and ______________ gaps that separate goods and services from those who would use them. A. possession B. profit C. image D. psychological
Last Answer : A. possession
Description : Under which of the circumstances unpaid seller loses his right of lien A. By estoppel B. Where seller waived the right of lien C. Where the buyer or his agent lawfully obtains possession of the goods D. Any of the above
Last Answer : D. Any of the above
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 sold a stolen car to B which was subsequently recovered by the police form B's possession and he (B) was forced to return the same to the true owner. Here, there is breach of implied condition as to A. Merchantability B. Fitness for buyer's purpose C. Title D. None of these
Last Answer : C. Title
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 : If the property ordered to be attached is a immovable property, the attachment under this section shall be made a) By taking possession b) By the appointment of a receiver c) By an order in writing ... any one on his behalf d) By all or any two of such methods as the court thinks fit
Last Answer : d) By all or any two of such methods as the court thinks fit
Description : A bailment allows an owner of a personal property to transfer possession of it to another individual for any one of the following purpose; except: a) Sale b) Transportation c) Storage d) Lease
Last Answer : d) Lease
Description : Which is not a strategic role of sales management? A. Tracking B. Reporting C. Delivery D. Optimizes distribution
Last Answer : C. Delivery
Description : Network of delivering products to customer which is composed of distributors, suppliers and manufacturing company is classified as A. supply chain management B. marketing channels C. delivery channels D. value delivery network
Last Answer : D. value delivery network
Description : Process of managing upstream and downstream of final goods, flow of raw materials and information about resellers and final consumers is classified as A. marketing logistics network B. supply chain management C. delivery network D. physical distribution network
Last Answer : B. supply chain management
Description : Delivery of key of the warehouse by the seller to the buyer will amount to: A. Symbolic Delivery B. Actual Delivery C. Constructive Delivery D. No delivery
Last Answer : A. Symbolic Delivery
Description : Where the seller wrongfully neglects or refuses to deliver the goods to the buyer, the buyer may sue for: A. Damages for non-delivery B. Damages for non-acceptance C. Specific performance D. Compensation
Last Answer : A. Damages for non-delivery
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 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 : Right of a person to retain possession of some goods belonging to another until some debts of the person in possession is satisfied a) Pledge b) Bailment c) Lien d) Guarantee
Last Answer : c) Lien
Description : A charge where there is neither the transfer of ownership nor the possession is called _______ A. Pledge B. Hypothecation C. Mortgage D. Lien E. None of the Above
Last Answer : B. Hypothecation Explanation: A charge against property for an amount of debt where neither ownership nor possession is passed to the creditor.
Description : What is the essence of the bailment a) Transfer of ownership b) Transfer of possession c) A and B d) None of these
Last Answer : b) Transfer of possession
Description : Which of the following reasons accounts for utilitarianism's dominance among policy makers and administrators? A. It seems obvious that policy questions should be judged by results and consequences. B. Policy experts ... collective or aggregate good. E. All of the above. F. None of the above.
Last Answer : E. All of the above.
Last Answer : E. All of the above
Description : Another name for a company’s marketing communications mix is: A. The advertising program. B. The sales force. C. The image mix. D. The promotion mix.
Last Answer : D. The promotion mix.
Description : When a car dealer complains to the manufacturer that another dealer of the same make of cars is selling outside their assigned territories, it is a type of A. Parallel conflict B. Customer-service conflict C. Vertical conflict D. Horizontal conflict
Last Answer : D. Horizontal conflict
Description : Whenever a new product eliminates another product because of its improvements, such as CDs to Cassettes, this phenomenon is referred as A. Improvements B. Creative destruction C. Creative construction D. Improvement destruction
Last Answer : B. Creative destruction
Description : The step-in personal selling process which consists of first meeting between customer and sales person is called A. qualifying B. prospecting C. follow up D. approach
Last Answer : D. approach
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 : Every ________ poor person in World is an Indian: A. Second B. Third C. Tenth D. Fourth
Last Answer : C. Tenth
Last Answer : B. Third
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 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 : Which statements are characteristic of virtue ethics? A. Our character traits are easily modified, almost on a day-to-day basis if we so choose. B. Like Kantian ethical theory, virtue ethics requires that we disregard ... in his or her decision-making. E. All of the above. F. None of the above.
Last Answer : F. None of the above.
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 : Under section 16 of the Negotiable Instrument Act, 'indorsement in blank' of an instrument means A. Where the indorser does not write anything on the instrument B. Where the indorser signs his name only on ... the indorser writes the name of the person who is directed to pay D. None of the above.
Last Answer : A. Where the indorser does not write anything on the instrument
Description : The seller is required to supply the goods which shall be fit for buyer's purpose where the A. Seller is the sole distributor of goods sold. B. Seller knows the particular purpose of buyer. ... and relies upon seller's skill and judgement. D. Buyer is uneducated and the person of rural background.
Last Answer : B. Seller knows the particular purpose of buyer.
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 : 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
Last Answer : C. Both (a) and (b)
Description : Which of the following person do not fall under the category of persons of unsound mind? A. Drunkards B. Lunatics C. Idiots D. Blind person.
Last Answer : D. Blind person.
Description : In contract of guarantee, the person in respect of whose default the guarantee is given, is known as: A. Creditor B. Surety C. Principal debtor D. Debtor
Last Answer : C. Principal debtor
Description : In contract of guarantee, the person to whom guarantee is given is known as: A. Creditor B. Surety C. Principal debtor D. Debtor
Last Answer : A. Creditor
Description : Which of the following persons are not competent to contract? A. Minor B. Person disqualified by law C. Person of unsound mind D. All of the above
Last Answer : D. All of the above
Description : which among these is not a global force impacting the Indian Economy A. Dynamics of capital flow B. Integrating the role of Purchasing C. Integrating the role of Technology D. Need of Attitudinal Change
Last Answer : A. Dynamics of capital flow
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 : The climate sensitivity parameter is defined as the rate of change of A. Surface temperature with albedo of earth B. Surface temperature with CO2 concentration in atmosphere C. Precipitation with earth’s temperature D. Surface temperature with radioactive forcing.
Last Answer : D. Surface temperature with radioactive forcing.
Description : In 1973, the reform of the international monetary system resulted in the change from: A. Adjustable pegged rates to managed floating rates B. Managed floating rates to adjustable pegged rates C. Crawling pegged rates to freely floating rates D. Freely floating rates to crawling pegged rates
Last Answer : A. Adjustable pegged rates to managed floating rates
Description : A country’s Current Account: A. Balance equals the change in its net foreign wealth. B. Balance equals the change in its foreign wealth. C. Surplus equals the change in its foreign wealth. D. Deficit equals the change in its foreign wealth. E. None of the above.
Last Answer : A. Balance equals the change in its net foreign wealth.
Description : A rolling plan refer to a plan which? A. does not change it target every year B. changes its allocation every year C. changes its allocations and target every year D. changes only its target every year E. None of these
Last Answer : C. changes its allocations and target every year
Description : Economic development is characterized by A. Structural change in the economy B. Change in the occupational structure C. Both a and b D. None of the above
Last Answer : C. Both a and b
Description : Which of the following explains the term economic growth? A. Increase in per capita production B. Increase in per capita real income C. Structural change in the economy D. All the above are right
Last Answer : D. All the above are right