Question:

A proposal may be revoked at any time before

A.

the communication of acceptance

B.

the payment of consideration

C.

signing the agreement

D.

execution of the proposal

Answer» a. the communication of acceptance

Question:

Which one of the following is said to be ―unethical behavior?

A.

Encouraging communication

B.

Adulteration

C.

Employees awareness

D.

Objectivity

Answer» b. Adulteration

Question:

The following is the disadvantage of business ethics:

A.

Through increasing morale and trust business can increase their market share

B.

Publicity due to well and ethical performance

C.

Acceptance of products of the company by the public

D.

Diversity in achievements

Answer» d. Diversity in achievements

Question:

The study of ethics can be divided into four operational areas namely meta ethics,normative ethics, descriptive ethics and

A.

Positive ethics

B.

Physical ethics

C.

Applied ethics

D.

Natural ethics

Answer» c. Applied ethics

Question:

Which of the following is a method of discharge from liability?

A.

By endorsement

B.

By promising

C.

By cancellation

D.

By registration

Answer» c. By cancellation

Question:

Shelter rooms with suitable lunch rooms are to be provided, if more than ______ workers are employed.

A.

100

B.

150

C.

500

D.

1000

Answer» b. 150

Question:

Holder in due course means any person-

A.

Drawing the instrument

B.

Who for consideration became the possession of a promissory note

C.

Named in the instrument to whom or to whom order the money is directed to be paid

D.

None of the above.

Answer» b. Who for consideration became the possession of a promissory note

Question:

“If you contract to sell peas, you cannot oblige a party to have beans” – Thisstatement applies to:

A.

an implied condition as to be description of goods

B.

the implied condition as to fitness of goods for a particular purpose

C.

implied condition as to sample

D.

implied condition as to title

Answer» a. an implied condition as to be description of goods

Question:

In pretended bidding, sale is _______________.

A.

Sale is voidable at the option of the seller

B.

Sale is voidable at the option of the buyer

C.

Valid

D.

Illegal

Answer» b. Sale is voidable at the option of the buyer

Question:

The Employees Provident Funds Act, 1952 is applicable to every establishment mentioned in schedule 1 and employed

A.

10 persons or more

B.

100 or more persons

C.

20 or more persons

D.

50 or more persons

Answer» c. 20 or more persons