Multiple Choice Question on Law and Ethics

• To resolve the Ethical Conflict, following should not be considered.
  • Relevant facts
  • Alternative Course of action
  • Arms Length
  • Ethical issues involved

• Which one of the following is not a quasi contract?
  • Claim for necessaries supplied to person incapable of contracting, or on his account
  • Reimbursement of persons paying money by another, in payment of which he is interested
  • Uncertainty and futurity of the event to which it is related
  • Responsibility of finder of goods.

• Which one of the following is the subject matter of the contract?
  • Existing or future goods
  • Goods perishing before making contract
  • Goods perishing before sale but after agreement to sell
  • Any of the above.

• One of the following is not a negotiable instrument. Identify the same.
  • Share certificate
  • Bill of Exchange
  • Cheque
  • Promissory note

• Which one of the following is a Bill of Exchange?
  • A banker’s draft
  • A demand draft
  • An order issued by a District Board Engineer on Government Treasury for payment to or order of a certain person
  • All the above.

• Who can take active part in the management of the firm?
  • Sleeping partner;
  • Secret partner;
  • Working partner;
  • Nominal partner.

• A new partner can be introduced as a partner into a firm-
  • At the discretion of active partner;
  • At the decision of partners authorized in this behalf;
  • With the consent of all existing partners;
  • None of the above.

• Shelter  rooms  with  suitable  lunch  rooms  are  to  be  provided,  if more than……………workers are employed.
  • 100
  • 150
  • 500
  • 1000

• Gratuity is payable to an employee  .
  • On his superannuation;
  • Retirement;
  • Retrenchment;
  • In all the above cases.

• Contribution of the employer to employees’ pension scheme is-
  • 8.33%
  • 10%
  • 12%
  • None of the above.

• Who, among the following, is not the Principal Employer?
  • Occupier of the factory;
  • Owner of the factory;
  • Legal representative of the owner;
  • Legal representative of the contractor.

• The time limit for making bonus payment is-
  • Within a period of one month from the close of the accounting year;
  • Within a period of three months from the close of the accounting year;
  • Within a period of six months from the close of the accounting year;
  • Within a period of eight months from the close of the accounting year.

• Review of minimum wages is to be done at such interval not exceeding-
  • 3 years
  • 5 years
  • 7 years
  • 10 years

• The wages of employed persons in an establishment where less than 1000 persons are employed, shall be paid before-
  • 7th day
  • 10th day
  • 15th day
  • Second working day

• In case of unlisted company the duplicate share certificate shall be issued within a period of-
  • 45 days
  • 3 months
  • 6 months
  • None of the above

• Which one of the following is not a contract?
  • A find B’s purse and gives it to him. B promises to give him `1,000/-
  • A promises, for no consideration, to give `10,000/-
  • A agrees to sell a horse worth of `1,000/- for `10/-
  • A supports B’s infant son. B promises to pay A’s expenses in so doing.

• Find out the right of the unpaid seller from the following-
  • A lien on the goods for the price while he is in possession of them;
  • A right of resale as limited by the Act;
  • In case of the insolvency of the buyer a right of stopping the goods in transit after he has parted with the possession of them.
  • All of the above.

• Holder in due course means any person-
  • Drawing the instrument;
  • Who for consideration became the possession of a promissory note;
  • Named in the instrument to whom or to whom order the money is directed to be paid;
  • None of the above.

• Intimation of the reconstitution of change in a registered partnership is to be given to the Registrar of firms-
  • No time limit;
  • Within 30 days;
  • Within 60 days;
  • Within 90 days.

• A firm shall not contain any name-
  • King;
  • Queen;
  • Empire;
  • All of the above

• The fee payable for registration of LLP whose contribution exceeds `10 lakhs is
  • 500/-
  • 2000/-
  • 4000/-
  • 5000/-

• Identify from the following which is the power of Inspector of Factory.
  • Enter into any place of a factory;
  • Make inquiry into any accident;
  • Seize or take copies of any document;
  • All the above.

• The gratuity is payable to an employee shall not exceed-
  • 12 months pay
  • 16 months pay;
  • 20 months pay
  • 24 months pay

• Withdrawal from PF may be allowed for –
  • Marriage of the employer;
  • Post matriculation education of children;
  • For the purchase of a dwelling place;
  • For illness in certain cases.

• ESI Corporation is a-
  • Partnership firm;
  • Limited Liability Partnership;
  • Body Corporate;
  • Hindu Undivided Family.

• Who is not eligible to get bonus?
  • A temporary workman;
  • A dismissed employee;
  • A piece rated employee;
  • A retrenched employee.

• The appropriate government may fix minimum rate of wages for-
  • Time work;
  • Piece work;
  • Guarantee time rate;
  • All the above.

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