Question:

____________ is not a negotiable instrument as per customs and usage.

A.

Delivery note

B.

Railway Receipt

C.

Cheque

D.

Government promissory note

Answer» c. Cheque

Question:

The payment of wages Act applies to wages payable to an employed person in respect of wage period if such wages for that wage period do not exceed _____ per month.

A.

` 6500/-

B.

` 10000/-

C.

` 18,000/-

D.

` 25,000/-

Answer» c. ` 18,000/-

Question:

When a partnership firm is continued even after the expiry of fixed term, it is called

A.

Partnership at Will

B.

Perpetual Partnership

C.

Fixed Partnership

D.

Particular Partnership

Answer» a. Partnership at Will

Question:

Who can take active part in the management of the firm?

A.

Sleeping partner

B.

Secret partner

C.

Working partner

D.

Nominal partner.

Answer» c. Working partner

Question:

The gratuity is payable to an employee shall not exceed-

A.

12 months pay

B.

16 months pay

C.

20 months pay

D.

24 months pay

Answer» c. 20 months pay

Question:

Which one of the following is not a quasi contract?

A.

Claim for necessaries supplied to person incapable of contracting, or on his account

B.

Reimbursement of persons paying money by another, in payment of which he is interested

C.

Uncertainty and futurity of the event to which it is related

D.

Responsibility of finder of goods.

Answer» c. Uncertainty and futurity of the event to which it is related

Question:

Under Industrial Disputes Act, Appropriate Government may require to constitute a workman committee on any day in the preceding 12 months, where an industrial establishment employs

A.

250 or more workers

B.

100 or more workers

C.

500 or more workers

D.

200 or more workers

Answer» b. 100 or more workers

Question:

Under Factories Act, 1948, where work of the same kind is carried out by two or moresets of workers during different period of the day, each of such period is called a

A.

Relay

B.

Shift

C.

Recess

D.

Overtime

Answer» b. Shift

Question:

The employer’s and employee’s share of contribution of ESI fund is

A.

1.75% and 4.75% of wages respectively

B.

4.75% and 1.75% of wages respectively

C.

10% and 3.75% of wages respectively

D.

11 % and 3.75% of wages respectively

Answer» b. 4.75% and 1.75% of wages respectively

Question:

According to Minimum Wages Act, 1948 wage slip shall be issued by every employerto his employees

A.

One day prior to disbursement of wages

B.

On the date of disbursement of wages

C.

One day later to the disbursement of wages

D.

Anytime during the month

Answer» a. One day prior to disbursement of wages