BUSINESS LAW - II (MCQS) FEBRUARY - 2015

T. Y B. COM

SEMESTER - 6

BUSINESS LAW - II

MCQS - FEBRUARY 2015

1) Which of the following negotiable instruments requires drawer's (marker's) signature?

a) Promissory note 

b) Bill of exchange

c) Cheque

d) All of these

2) In case dishonor of ............ protection is required.

a) Promissory note 

b) Bill of exchange 

c) Cheque

d) Non of these

3) Section .............. deal with the dishonor of cheque for insufficiency of funds in drawer's account.

a) 228

b) 202

c) 420

d) 138

4) A person in whose name the digital signature certificate is issued is known as ................ 

a) Producer

b) Subscriber

c) Authenticator

d) Originator

5) Any person by the use of a ..............  of the subscriber can verify the electronic record.

a) Master key

b) Duplicate key

c) Public key

d) Private key

6) Law of partnership is an extension to the law of ............... 

a) Guarantee

b) Indemnity

c) Agency 

d) Bailment

7) Which of the following is not a right of a partner?

a) To be consulted

b) To take part in business

c) To observe faith

d) To share in profit

8) Under which of the following is circumstances a partnership is dissolved by the order of the court.

a) Permanente incapacity 

b) Misconduct

c) Insanity

d) All of these

9) Any person aggrieved by an order made by district forum may prefer an appeal against Such order to the state commission within a period of ..............  days from the date of the order

a) 90

b) 30

c) 60

d) 45

10) Every member of the national commission shall hold officer for of 5 year or up to the age of ...............  year, whichever is earlier. 

a) 75

b) 67

c) 70

d) 65

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