MCQOPTIONS
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MCQOPTIONS
This section includes 255 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Mass Media (BMM) knowledge and support exam preparation. Choose a topic below to get started.
| 101. |
A partner must give a public notice of his retirement from the firm in order absolve himself from the liability for the acts of the other partners done after his retirement is known as |
| A. | Dormant partner |
| B. | Ostensible partner |
| C. | Nominal partner |
| D. | Partner by estoppel |
| Answer» C. Nominal partner | |
| 102. |
The minimum paid-up capital for a Public company is: |
| A. | ` 3lakhs |
| B. | ` 4lakhs |
| C. | ` 5lakhs |
| D. | None of the above |
| Answer» E. | |
| 103. |
Who, among the following, is not the Principal Employer? |
| A. | Occupier of the factory |
| B. | Owner of the factory |
| C. | Legal representative of the owner |
| D. | Legal representative of the contractor. |
| Answer» E. | |
| 104. |
Where goods are delivered to the buyer and he refuses to accept them, the buyer isnot bound to |
| A. | retain them with him. |
| B. | look-after the goods. |
| C. | return them to the seller. |
| D. | store them in his godown. |
| Answer» D. store them in his godown. | |
| 105. |
Which one of the following is not the feature of the Contract of Guarantee? |
| A. | There are two parties in this contract. |
| B. | The liability of surety is secondary. |
| C. | There is an existing debt for which the surety gives guarantee to the creditor on behalf of the principal debtor. |
| D. | The surety gives contract at the request of the principal debtor. |
| Answer» D. The surety gives contract at the request of the principal debtor. | |
| 106. |
The quorum for a public company having the number of members more than 5000 is- |
| A. | 2 |
| B. | 5 |
| C. | 15 |
| D. | 30 |
| Answer» E. | |
| 107. |
In a partnership firm, the decision can be made by rule of majority when decisionsrelate to |
| A. | policy matters |
| B. | ordinary routine matters |
| C. | financial matters |
| D. | buying and selling of property |
| Answer» C. financial matters | |
| 108. |
A contract creates |
| A. | jus in personam. |
| B. | jus in rem. |
| C. | only rights and no obligations. |
| D. | only obligations and no rights. |
| Answer» B. jus in rem. | |
| 109. |
In pretended bidding, sale is _______________. |
| A. | Sale is voidable at the option of the seller |
| B. | Sale is voidable at the option of the buyer |
| C. | Valid |
| D. | Illegal |
| Answer» C. Valid | |
| 110. |
A proper foundation of ethics requires a standard of _______ to which all goals andactions can be compared to. |
| A. | value |
| B. | living |
| C. | life |
| D. | speech |
| Answer» B. living | |
| 111. |
The payment of wages Act applies to wages payable to an employed person in respect of wage period if such wages for that wage period do not exceed _____ per month. |
| A. | ` 6500/- |
| B. | ` 10000/- |
| C. | ` 18,000/- |
| D. | ` 25,000/- |
| Answer» D. ` 25,000/- | |
| 112. |
Every employee shall be entitled to receive bonus from his employer in anaccounting year if he has worked for not less than |
| A. | Ten working days |
| B. | Twenty working days |
| C. | Thirty working days |
| D. | Forty working days |
| Answer» D. Forty working days | |
| 113. |
Ankit purchased goods worth ` 20,000 from Anuj. In lieu of cash payment, Ankit accepted a bill of exchange of ` 20,000 to be payable after three months. This is an example of |
| A. | Accommodation Bill |
| B. | Fictitious Bill |
| C. | Genuine Bill |
| D. | Documentary Bill |
| Answer» D. Documentary Bill | |
| 114. |
The following is the disadvantage of business ethics: |
| A. | Through increasing morale and trust business can increase their market share |
| B. | Publicity due to well and ethical performance |
| C. | Acceptance of products of the company by the public |
| D. | Diversity in achievements |
| Answer» E. | |
| 115. |
Anchal purchased a motor car from Kamal who had no title to it. Anchal used the motor car for several months. True owner spotted the motor car and demanded it from Anchal. In such case |
| A. | Anchal is bound to hand-over the motor car to true owner. |
| B. | Anchal is not bound to return the motor car to true owner as she has paid in full settlement to Kamal. |
| C. | Anchal shall advise true owner to approach Kamal. |
| D. | True owner has no right to claim either from Anchal or from Kamal. |
| Answer» B. Anchal is not bound to return the motor car to true owner as she has paid in full settlement to Kamal. | |
| 116. |
The minimum age limit for appointment of managing director and the wholetimedirector is |
| A. | 18 years |
| B. | 21 years |
| C. | 25 years |
| D. | 30 years |
| Answer» C. 25 years | |
| 117. |
Contribution of the employer to employees’ pension scheme is- |
| A. | 8.33% |
| B. | 10% |
| C. | 12% |
| D. | None of the above. |
| Answer» B. 10% | |
| 118. |
Rule 34 provides that where the Tribunal has made winding up order of a LLP, the liquidator shall submit a report containing which of the following particulars: |
| A. | Debts due to the LLP |
| B. | Guarantees given by the LLP |
| C. | Existing and contingent liabilities of the LLP |
| D. | All of the above |
| Answer» E. | |
| 119. |
Where the price of the goods under a contract of sale is to be fixed by the valuation of a third party who fails to fix the valuation, but goods are supplied to the buyer, under section 10 of the Sale of Goods Act, 1930, the buyer is |
| A. | liable to pay the reasonable price of the goods. |
| B. | liable to pay the minimum price of the goods. |
| C. | not liable to pay any price until fixed by the valuer. |
| D. | liable to pay the maximum retail price. |
| Answer» B. liable to pay the minimum price of the goods. | |
| 120. |
The appointment of an independent director shall be approved by the |
| A. | Board meeting |
| B. | General meeting |
| C. | Registrar of Companies |
| D. | Central Government |
| Answer» C. Registrar of Companies | |
| 121. |
The Latin Maxim "Nemo Dat Quod non Habet" means |
| A. | no man can pass a better title than he has |
| B. | let the Buyer beware |
| C. | no consideration – No contract |
| D. | ignorance of law is no excuse |
| Answer» B. let the Buyer beware | |
| 122. |
All monies received on application shall be kept in a separate bank account in a ______ bank. |
| A. | Nationalised |
| B. | Scheduled |
| C. | Government |
| D. | Any of the above |
| Answer» C. Government | |
| 123. |
One of the following is not a negotiable instrument. Identify the same. |
| A. | Share certificate |
| B. | Bill of Exchange |
| C. | Cheque |
| D. | Promissory note |
| Answer» B. Bill of Exchange | |
| 124. |
Who can take active part in the management of the firm? |
| A. | Sleeping partner |
| B. | Secret partner |
| C. | Working partner |
| D. | Nominal partner. |
| Answer» D. Nominal partner. | |
| 125. |
The annual return of an OPC shall be signed by the company secretary or wherethere is no company secretary, by the |
| A. | Senior executive of the company |
| B. | Auditor of the company |
| C. | Director of the company |
| D. | Advocate of the company |
| Answer» D. Advocate of the company | |
| 126. |
Under Sale of Goods Act, which of the delivery of goods is called as delivery byattornment? |
| A. | Actual |
| B. | Symbolic |
| C. | Constructive |
| D. | Physical |
| Answer» D. Physical | |
| 127. |
Power to exempt any LLP or class of LLP for audits of accounts is with |
| A. | Inspector |
| B. | Central Government |
| C. | Any other regulatory authority |
| D. | None of the above |
| Answer» C. Any other regulatory authority | |
| 128. |
A party who does not suffer any loss in case of breach of contract is entitled to |
| A. | Statutory damages |
| B. | Liquidated damages |
| C. | Exemplary damages |
| D. | Nominal damages |
| Answer» E. | |
| 129. |
Business ethics is based on well accepted |
| A. | Moral and Social Values |
| B. | Social Values only |
| C. | Moral Values only |
| D. | None of the above |
| Answer» B. Social Values only | |
| 130. |
Permanent disablement benefit is paid at the rate of ______________ of wages. |
| A. | 120% |
| B. | 100% |
| C. | 79% |
| D. | 90% |
| Answer» E. | |
| 131. |
Which one of the following is not the feature of “agreement to sale”? |
| A. | It is an executor contract |
| B. | Sales takes place for existing and specific goods |
| C. | The seller can sue for damages only in case of breach by the buyer |
| D. | It gives a right to the buyer against the seller to sue for damages |
| Answer» C. The seller can sue for damages only in case of breach by the buyer | |
| 132. |
The provisions regarding maximum number of members in a partnership are given in |
| A. | The Partnership Act |
| B. | The Companies Act |
| C. | The Societies Registration Act |
| D. | The Co-operative Societies Act |
| Answer» C. The Societies Registration Act | |
| 133. |
The ________ of the company shall contain the regulations for management of the company. |
| A. | Articles |
| B. | Memorandum |
| C. | Both |
| D. | None of the above |
| Answer» B. Memorandum | |
| 134. |
As per the RBI Act, which of the following negotiable Instruments can be payable tothe bearer on demand? |
| A. | Cheque |
| B. | Hundi |
| C. | Bank Draft |
| D. | Promissory Note |
| Answer» B. Hundi | |
| 135. |
When the day on which a promissory note or bill of exchange is at maturity is a publicholiday, the instrument shall be deemed to be due on the |
| A. | Preceding day |
| B. | Next preceding business day |
| C. | Same day of next week |
| D. | 3rd day following the day holiday |
| Answer» C. Same day of next week | |
| 136. |
Business ethics are gaining importance because of |
| A. | smooth functioning |
| B. | good image |
| C. | the growth of consumer movement |
| D. | increasing profit |
| Answer» D. increasing profit | |
| 137. |
Examine as to which of the following payments form part of "salary" under the provisions of the Payment of Bonus Act, 1965. |
| A. | Travelling allowance |
| B. | Commission on sales |
| C. | Dearness allowance |
| D. | Overtime allowance |
| Answer» D. Overtime allowance | |
| 138. |
Which of the following is a method of discharge from liability? |
| A. | By endorsement |
| B. | By promising |
| C. | By cancellation |
| D. | By registration |
| Answer» D. By registration | |
| 139. |
Which one of the following is said to be ―unethical behavior? |
| A. | Encouraging communication |
| B. | Adulteration |
| C. | Employees awareness |
| D. | Objectivity |
| Answer» C. Employees awareness | |
| 140. |
An anticipatory repudiation has the effect of: |
| A. | An automatic putting an end to the contract |
| B. | Putting an end to the contract only on acceptance of the repudiation by the other party |
| C. | Putting an end to the contract only on failure to perform when performance is due. |
| D. | No putting an end to the contract. |
| Answer» C. Putting an end to the contract only on failure to perform when performance is due. | |
| 141. |
The time limit for making bonus payment is- |
| A. | Within a period of one month from the close of the accounting year |
| B. | Within a period of three months from the close of the accounting year |
| C. | Within a period of six months from the close of the accounting year |
| D. | Within a period of eight months from the close of the accounting year. |
| Answer» E. | |
| 142. |
Under the Negotiable Instruments Act, 1881, whether acceptance of a bill of exchange in the following situation shall be treated as qualified acceptance where the acceptor |
| A. | undertakes to pay only `10,000 for a bill drawn for `15,000. |
| B. | declares the payment to be independent of any other event. |
| C. | writes, ‘Accepted, payable at ABC Bank’. |
| D. | writes, ‘Accepted, payable at Delhi’. |
| Answer» B. declares the payment to be independent of any other event. | |
| 143. |
The Information Memorandum shall be deemed to be a ______________. |
| A. | Prospectus |
| B. | Articles |
| C. | Memorandum |
| D. | None of the above. |
| Answer» B. Articles | |
| 144. |
"If you contract to sell peas, you cannot oblige a party to have beans" - Thisstatement applies to: |
| A. | an implied condition as to be description of goods |
| B. | the implied condition as to fitness of goods for a particular purpose |
| C. | implied condition as to sample |
| D. | implied condition as to title |
| Answer» B. the implied condition as to fitness of goods for a particular purpose | |
| 145. |
Anu threaten to kidnap Binu's daughter if she does not sell her house worth ` 90 Lakhto her for ` 20 Lakh. This Contract is void due to — |
| A. | inadequacy of Consideration |
| B. | absence of Free Consent |
| C. | incompetence of Parties |
| D. | None of the above |
| Answer» C. incompetence of Parties | |
| 146. |
Ankit agrees to pay Bina ₹1500 if it rains today, otherwise Bina pays Ankit ` 2000. Thisis a |
| A. | Gambling |
| B. | Wagering agreement |
| C. | Valid agreement |
| D. | Speculation |
| Answer» C. Valid agreement | |
| 147. |
The Payment of Bonus Act 1965 extends to: |
| A. | The whole of India |
| B. | The whole of India except Jammu & Kashmir |
| C. | The whole of India except Kerala |
| D. | The whole of India except Jammu & Kashmir and Kerala |
| Answer» B. The whole of India except Jammu & Kashmir | |
| 148. |
The board of directors may appoint additional directors from time to time if soauthorized by |
| A. | Articles of Association |
| B. | Memorandum of Association |
| C. | A resolution passed at general meeting |
| D. | A resolution passed at board meeting |
| Answer» B. Memorandum of Association | |
| 149. |
Businessmen or industrialists take initiative to form new companies. Their mainfunction is to manage the company after its promotion, they are known as |
| A. | Particular Promoters |
| B. | Occasional Promoters |
| C. | Professional Promoters |
| D. | General Promoters |
| Answer» E. | |
| 150. |
Which one cannot be transacted through postal ballot? |
| A. | Appointment of auditor |
| B. | Election of a Director |
| C. | Buy back of shares by a company |
| D. | Change in place of registered office outside the local limits of any city, town or |
| Answer» B. Election of a Director | |