Question:

In absence of a contract to the contrary, an agent is entitled to retain __________________ of the principal until amount due for commission is not received by him.

A.

Goods

B.

Papers

C.

Property (whether moveable or immovable)

D.

All of the above

Answer» d. All of the above

Question:

The annual return of an OPC shall be signed by the company secretary or wherethere is no company secretary, by the

A.

Senior executive of the company

B.

Auditor of the company

C.

Director of the company

D.

Advocate of the company

Answer» c. Director of the company

Question:

The main feature of e-contract is

A.

Cost and acceptability

B.

Purity and clarity

C.

Speed, accurate and reliable

D.

Perfection and attractive

Answer» c. Speed, accurate and reliable

Question:

Provisions of EPF &Misc Provisions Act 1952 are applicable to Cinema/Theatre employing

A.

10 or more persons.

B.

20 or more persons.

C.

5 or more persons.

D.

15 or more persons.

Answer» c. 5 or more persons.

Question:

The quorum for a public company having the number of members more than 5000 is-

A.

2

B.

5

C.

15

D.

30

Answer» d. 30

Question:

The ESI Act, 1948 provides certain benefits to the employees in case of ________

A.

Sickness

B.

Maternity

C.

Employment injury

D.

All the three

Answer» d. All the three

Question:

“Individual pension account” means an account of subscriber, executed by acontract setting out the terms and conditions under the

A.

Provident fund scheme

B.

National pension system

C.

Citizen welfare system

D.

Minimum wage payment scheme

Answer» b. National pension system

Question:

Which Committee is constituted by the occupier to promote cooperation betweenthe workers and management in maintaining proper safety and health at workplace?

A.

Safety Committee

B.

Health Committee

C.

Management Workers Consultative Committee

D.

Maintenance Committee

Answer» a. Safety Committee

Question:

Cash is withdrawn by a customer of a bank from the automatic teller machine is an example of

A.

Express Contract

B.

Void Contract

C.

Tacit Contract

D.

Illegal Contract

Answer» c. Tacit Contract

Question:

There are many types of ethical conflicts in the

A.

Business place

B.

Office place

C.

Work place

D.

Public place

Answer» c. Work place