Question:

Under Employee’s State Insurance Act, 1948, the term of the office of the members ofMedical Benefit Council shall be

A.

2 Years

B.

4 Years

C.

5 Years

D.

10 Years

Answer» b. 4 Years

Question:

Which of the following statement is correct about business ethics?

A.

Social responsibility and business ethics are considered different concepts

B.

Making higher profits should be the main objective of a business

C.

A business may sustain only if it cares for society

D.

Companies making ethical investments may not be able to compete

Answer» c. A business may sustain only if it cares for society

Question:

Appropriate Government reviews the rates of minimum wages within:

A.

2 years

B.

4 years

C.

5 years

D.

6 years

Answer» c. 5 years

Question:

If the agreement is made by obtaining consent by doing an act forbidden by the Indian Penal Code, the agreement would be caused by:

A.

Coercion

B.

Fraud

C.

Misrepresentation

D.

Undue influence

Answer» a. Coercion

Question:

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» c. Constructive

Question:

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» b. Scheduled

Question:

Amit tells Bharat in the presence of Chetan that Amit is agent of Chetan. Chetan maintain silence instead of denying it. Later, if Amit sells Chetan’s goods to Bharat, Chetan cannot dispute Bharat’s title to the goods. This is example of

A.

Sale by official receiver

B.

Sale by a finder of goods

C.

Sale by estoppel

D.

Execution of Sale

Answer» c. Sale by estoppel

Question:

Hundi’s are Indigenous instrument written in ____________ language

A.

Vernacular

B.

Hindi

C.

English

D.

Sanskrit

Answer» a. Vernacular

Question:

Under Payment of wages Act, 1963, in any factory, in which 1200 persons are employed, wages must be paid

A.

any time

B.

before the expiry of 10th day of the following month

C.

before the close of the month

D.

before the expiry of 7th day of the following month

Answer» b. before the expiry of 10th day of the following month

Question:

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» b. Ostensible partner