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 : Which of the following is false with respect to minor entering a contract? A. An agreement with or by a minor is void ab initio B. A minor can be a beneficiary of a contract C. The ... be enforced at the option of the third party D. A minor cannot ratify a contract on attaining majority
Last Answer : C. The contracts involving a minor as a beneficiary may be enforced at the option of the third party
Description : Internal activity of a company is going to be performed according to established regulations. This assumption is provided as a right by– (A) Doctrine of Indoor Management (B) Doctrine of Constructive Notice (C) Doctrine of Ultravires (D) Doctrine of Intravires
Last Answer : Answer: Doctrine of Indoor Management
Description : Which of the following is false with respect to minor entering a contract? (a) An agreement with or by a minor is void ab initio (b) A minor can be a beneficiary of a contract (c) The ... may be enforced at the option of the third party (d) A minor cannot ratify a contract on attaining majority
Last Answer : (c) The contracts involving a minor as a beneficiary may be enforced at the option of the third party
Description : Select the correct option from the bracket : Group ‘A’ (1) Doctrine of Indoor Management
Last Answer : Select the correct option from the bracket : Group A' Group B' (1) Doctrine of ... a prospectus, Lead Merchant Bankers, Doctrine of Ultra-vires)
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 : _______________ doctrine places the responsibility of product safety on corporations A. Buyer beware B. Seller beware C. Seller take care D. Buyer and seller take care
Last Answer : C. Seller take care
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 : Which type of incontinence is associated with weakened perineal muscles that permit leakage of urine when intra-abdominal pressure is increased? a) Stress incontinence Stress incontinence ... intact urinary physiology who experience mobility impairment, environmental barriers, or cognitive problems.
Last Answer : a) Stress incontinence Stress incontinence may occur with coughing or sneezing.
Description : If in an instrument the amount undertaken or ordered to be paid is stated differently in figures and in words A. The instrument is void due to uncertainty B. The amount stated in figure shall be ... amount stated in words shall be the amount undertaken or ordered to be paid D. None of the above.
Last Answer : A. The instrument is void due to uncertainty
Description : Wagering Agreement is a _____________ agreement A. Valid B. Voidable C. Void D. Illegal
Last Answer : C. Void
Description : According to enforceability, the contracts may be classified as A. Valid contracts. B. Void contracts. C. Voidable contracts. D. All of the above.
Last Answer : D. All of the above.
Description : Anuj agrees to pay ` 10,000 to Manoj if a certain ship returns within a year. However, the ship sinks within the year. In this case, the contract becomes: A. Valid B. Void C. Voidable D. Illegal
Last Answer : B. Void
Description : In case of void agreements, collateral transactions are A. Also void B. Unenforceable C. Not affected D. Illegal
Last Answer : A. Also void
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 : Ultra vires means A. Beyond the power B. Within the power C. Both D. None of the above
Last Answer : B. Within the power
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 : Seller has right of resale where A. Goods are perishable B. Seller has reserved such right. C. Seller gives notice D. All of these.
Last Answer : D. All of these.
Description : Four year kid shows at your clinic with open bite as a result of thumb sucking, you notice a delayed speech ability, what would be your first management, A. Refer to a speech therapist B. Apply ... inhibitor denture and educate the parents about it so the kid will not be taking it off so often
Last Answer : A. Refer to a speech therapist
Description : What is the underlying characteristic of the WTO? A. It facilitates economic co-operation between different countries B. It resolves disputes between economic trade blocks C. It facilitates ... the Uruguay round, the organisation's ultimate goal being the promotion of free international trade
Last Answer : D. It acts as an umbrella institution that regulates the agreements concluded at the Uruguay round, the organisation’s ultimate goal being the promotion of free international trade
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 : Does the WTO apply its framework in exactly the same fashion throughout the world? A. Yes, the WTO applies its framework in exactly the same way throughout the world B. Yes, the WTO ... variation D. No, the WTO makes allowance for variation in the case of economically stronger countries
Last Answer : C. No, the WTO makes allowance for regional variation
Description : Which of the following is an example of an area where business ethics apply? A. Conduct of international operations B. Nowhere C. In the personal life of staff D. None of the above
Last Answer : A. Conduct of international operations
Description : The Balance of Payment is an _________ system. A. Accounting B. Social C. Environmental D. Tourist
Last Answer : A. Accounting
Description : Comparison of financial statements highlights the trend of the _________ of the business. A. Financial position B. Performance C. Profitability D. All of the above
Last Answer : D. All of the above
Description : _________- is a prefix to everything that transports us instantly into the virtual world. A. Cyber B. Internet C. Tech D. None of the above
Last Answer : A. Cyber
Description : The information Technology Act was amended in _________ A. 2006 B. 2005 C. 2000 D. 2001
Last Answer : A. 2006
Description : The portion of Vedas that deals with rituals is known as _________. A. Mantras B. Brahmanas C. Aranyakas D. Upanishads
Last Answer : A. Mantras
Description : Minutes should be recorded within _________ days from the date of conclusion of every meeting A. 10 B. 20 C. 30 D. 40
Last Answer : C. 30
Description : Pre incorporation contract is also known as _________ A. Provisional B. Preliminary C. Illegal D. Legal
Last Answer : A. Provisional
Description : Contracts made after incorporation but before the grant of Certificate of commencement of Business _________ A. Provisional contracts B. Pre incorporation contracts C. Preliminary contracts D. Both (b) & (c)
Last Answer : A. Provisional contracts
Description : A company can change its name at its own discretion by passing _________ A. Ordinary resolution B. Special resolution C. Boards resolution D. None of the above
Last Answer : C. Boards resolution
Description : Would "stand your ground" laws and the "castle doctrine" apply to shooting trick or treaters?
Last Answer : answer:No in California. Yes in Florida.
Description : Select the right option from the given alternatives. Marshal : Prisoner :: Principal : _________ (a) Teacher (b) President (c) Doctrine (d) Student
Last Answer : Ans: d) student
Description : If the election of the President of India is declared void by the Supreme Court, the acts performed by President Incumbent before the date of such decision of court remain - (1) Valid (2) Invalid (3) Valid Subject to the judicial review (4) Valid Subject to the approval of the parliament
Last Answer : (1) Valid Explanation: If the election of the President of India is declared void by the Supreme Court, the acts performed by President Incumbent before the date of such decision of court remain valid.
Description : .If specific information comes to an auditor's attention that implies the existence of possible illegal acts that could have a material, but indirect effect on-the financial statements, the auditor ... d. Discuss the evidence with the client's audit committee, or others with equivalent authority.
Last Answer : Apply audit procedures specifically directed to ascertaining whether an illegal act has occurred
Description : A’ leases land to ‘B’ on condition that he shall walk a hundred miles in an hour. The lease is _________. a) valid b) void c) voidable d) legal Ans.(b)
Last Answer : b) void
Description : Audit programs should be designed so that a. Most of the required procedures can be performed as interim work. b. The audit evidence gathered supports the auditor's conclusions. c. ... is assessed at a sufficiently low level. d. The auditor can make constructive suggestions to management
Last Answer : The audit evidence gathered supports the auditor’s conclusions.
Description : What sort of goals does Management By Objectives (MBO) emphasize? (a) Tangible, verifiable and measurable ; (b) Achievable, controllable and profitable (c) Challenging, emotional and constructive ; (d) Hierarchical, attainable and effective
Last Answer : (a) Tangible, verifiable and measurable ;
Description : Pick out the wrong statement pertaining to 'green house' for the plants. (A) 'Green house' (made of glass) allows visible sunlight (i.e., short wavelength solar radiation like ultra-violet rays) ... ' thereby warming up the earth's surface (D) 'Green house' is colder than the outside atmosphere
Last Answer : (D) 'Green house' is colder than the outside atmosphere
Description : Ratios help the management in evolving market strategies through ----------- a) Inter firm comparison b) Intra firm comparison c) Ratios d) None of the above
Last Answer : a) Inter firm comparison
Description : Careful management of water catchment areas results in A. more desertification B. more deforestation C. less waste of water D. more waste of water
Last Answer : C. less waste of water
Description : The management of natural resources should take into A. A long term perspective B. Environmental pollution C. Their equitable distribution D. All of the above and safe disposal of wastes
Last Answer : D. All of the above and safe disposal of wastes
Description : Which of the following is not included under the management of World bank? A. Board of Governor B. Executive Committee C. Chairman D. RBI’s Governor
Last Answer : D. RBI’s Governor
Description : What is FEMA ? A. First Exchange Management Act B. Foreign Exchequer Management Act C. Foreign Exchange Management Act D. Foreign Evaluation Management Act
Last Answer : C. Foreign Exchange Management Act