Legal Aspect of Business [NTA-NET (UGC-NET) Commerce (08)]: Questions 4 - 7 of 78
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Question 4
Appeared in Year: 2019
Question MCQ▾
Which of the following is NOT included in negotiable instruments? (June)
Choices
Choice (4) | Response | |
---|---|---|
a. | Mutual Fund | |
b. | Demand Draft | |
c. | Cheque | |
d. | Promissory Note |
Question 5
Appeared in Year: 2019
Question MCQ▾
As per Section 52 of the Companies Act 2013, the balance in the Security Premium Account cannot be utilized for (June)
Choices
Choice (4) | Response | |
---|---|---|
a. | Issue of fully paid up bonus share | |
b. | Capital losses | |
c. | Writing off discount on issue of shares | |
d. | Payment of dividend |
Question 6
Appeared in Year: 2019
Question MCQ▾
Which of the following does NOT fall in the ambit of the objectives of Competition Act 2002? (June)
Choices
Choice (4) | Response | |
---|---|---|
a. | Prevent monopolistic rights arising out of intellectual property | |
b. | Prevent abuse of dominant position | |
c. | Encourage Competition | |
d. | Regulate mergers and acquisitions |
Question 7
Appeared in Year: 2019
Question Assertion-Reason▾
Assertion(Ꭺ)
Agreement without consideration is always valid. (June)
Reason(Ꭱ)
All contracts are agreements but all agreements are not contracts.
Choices
Choice (4) | Response | |
---|---|---|
a. | Both Ꭺ and Ꭱ are true but Ꭱ is NOT the correct explanation of Ꭺ | |
b. | Both Ꭺ and Ꭱ are true and Ꭱ is the correct explanation of Ꭺ | |
c. | Both Ꭺ and Ꭱ are false | |
d. | Ꭺ is false but Ꭱ is true |