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

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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

Edit

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

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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

Edit