Business Law MCQ Multiple Choice Questions - Page 4 for Practice
Business Law MCQ Questions for Practice
46. The rights of consumer as per consumer protection act does not included the right to be
Correct Answer is: Presented
47. The total managerial remuneration to the directors and the manager in respect of any financial year must not exceed..........percent of the net profit.
Correct Answer is: 11%
48. Under contract of bailment, mixing of goods made without the Consent of bailor which are not Separable then the Bailee Shall
Correct Answer is: Compensate all the damages
49. Under Contract of Guarantee, because of which reason Surety is discharged from his liability?
Correct Answer is: Change in terms of contract
50. Under the consumer protection act which is not included in the Term of“Goods”?
Correct Answer is: Currency Note
51. Under the contract of guarantee, can the surety file a suit against the principal debtor?
Correct Answer is: True Statement
52. Under the Contract of Indemnity, the given Promise is for Protection for loss caused by
Correct Answer is: Both
53. Up to how much maximum amount of redressal is done by state level commission?
Correct Answer is: Rs. 1 crore
54. Validity period for the presentation of cheque in bank is
Correct Answer is: 3 Months
55. What is a maximum age limit of a person who can be a member in national commission is
Correct Answer is: 70 Year
56. What is known as a charter of a company?
Correct Answer is: Memorandum of Association
57. When goods are physically handed over to the bailee by the bailor is known as
Correct Answer is: Actual Delivery
58. When the day on which a promissory note or bill of exchange Is at maturity is a public holiday, the instrument shall be deemed to be due on the
Correct Answer is: Next Preceding Business Day
59. When the Negotiable Instrument Act enacted in India?
Correct Answer is: 1881
60. Where no rate of interest is specified in the bills of exchange or promissory notes then what is the interest rate used for calculating the interest amount?
