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MCQs

Total Questions : 30 | Page 3 of 3 pages
Question 21. In a law of contract, a counter offer operate as
  1.    an acceptance
  2.    a consensus
  3.    a rejection
  4.    a contract
 Discuss Question
Answer: Option C. -> a rejection
Question 22.
  1.    an agreement between two or more people which has a legal backing
  2.    an agreement between two or more people
  3.    an agreement between two or more people which does not have a legal backing
  4.    a disagreement between two or more people which has a legal backing
 Discuss Question
Answer: Option A. -> an agreement between two or more people which has a legal backing
Question 23. SELECT the essential elements of a valid contract
  1.    certainty of term
  2.    intention to create legal relations
  3.    possibility of performance
  4.    All of above
 Discuss Question
Answer: Option D. -> All of above
Question 24. Which city was famous for 'Gold silk cloth'?
  1.    Varanasi
  2.    Mithila
  3.    Tamralipti
  4.    Ujjain
 Discuss Question
Answer: Option A. -> Varanasi
Question 25. A contract which is devoid of legal effect is
  1.    void contract
  2.    unenforceable contract
  3.    voidable contract
  4.    valid contract
 Discuss Question
Answer: Option C. -> voidable contract
Question 26. Hundi that is payable on order following a fixed term is called________
  1.    Dhani-jog (Darshani)
  2.    Jokhmi (Muddati)
  3.    Firman-jog (Muddati)
  4.    Dhani-jog (Muddati)
 Discuss Question
Answer: Option C. -> Firman-jog (Muddati)
Question 27. The institution of ________ also played an important role during Mughal period and days of east India company, as intermediaries
  1.    Nagar Seths
  2.    Commercial and Industrial Banks
  3.    Commission Agents
  4.    Jagat Seths
 Discuss Question
Answer: Option D. -> Jagat Seths
Question 28. Which of the following is NOT an economic activity?
  1.    a doctor practicing
  2.    a lawyer practicing law
  3.    a professional cricketer playing cricket
  4.    a student playing cricket
 Discuss Question
Answer: Option D. -> a student playing cricket
Question 29. An offer can be terminated in the following way
  1.    When the offeree notifies the offeror that he does not wish to accept the offer.
  2.    Withdrawal of the offer(revocation)
  3.    A refusal of counter offer.
  4.    All of above
 Discuss Question
Answer: Option D. -> All of above
Question 30. Oil refinery is a example of
  1.    Synthetical industry
  2.    Assembling industry
  3.    Analytical industry
  4.    Processing industry
 Discuss Question
Answer: Option C. -> Analytical industry

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