Multiple Choice Question on Law and Ethics

• 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.
  • 6500/-
  • 10000/-
  • 18,000/-
  • 25,000/-

• The quorum for a public company having the number of members more than 5000 is-
  • 2
  • 5
  • 15
  • 30

• In the case of an adjourned meeting the company shall give not less than     notice to the members.
  • 1 day
  • 3 days
  • 7 days
  • None of the above.

• Ethics is a set of  of human conduct that govern the behavior of individuals or organizations.
  • Principles
  • Standards
  • Principles or standards
  • None of the above

• The society for Business Ethics was started in
  • 1950
  • 1960
  • 1970
  • 1980

• The Payment of Bonus Act 1965 extends to:
  • The whole of India
  • The whole of India except Jammu & Kashmir
  • The whole of India except Kerala
  • The whole of India except Jammu & Kashmir and Kerala

• The minimum ceiling on gratuity as per the Payment of Gratuity Act, 1972 is:
  • 5 lakhs
  •  10 lakhs
  • 15 lakhs
  • 20 lakhs

• The ESI Act, 1948 provides certain benefits to the employees in case of  
  • Sickness
  • Maternity
  • Employment injury
  • All the three

• A monthly return of contribution in the prescribed form 6 is required to be filed with the Commissioner within ……… days of the close of the month as per Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.
  • 15
  • 20
  • 25
  • 30

•   is not a negotiable instrument as per customs and usage.
  • Delivery note
  • Railway Receipt
  • Cheque
  • Government promissory note

• The minimum paid-up capital for a Public company is:
  • ` 3lakhs
  • ` 4lakhs
  • ` 5lakhs
  • None of the above

• If the agreement is made by obtaining consent by doing an act forbidden by the Indian Penal Code, the agreement would be caused by:
  • Coercion
  • Fraud
  • Misrepresentation
  • Undue influence

• Hundi’s are Indigenous instrument written in  language
  • Vernacular
  • Hindi
  • English
  • Sanskrit

• “If you contract to sell peas, you cannot oblige a party to have beans” – This statement applies to:
  • an implied condition as to be description of goods
  • the implied condition as to fitness of goods for a particular purpose
  • implied condition as to sample
  • implied condition as to title

• Who is an Adolescent as per Factories Act, 1948?
  • Who has completed 17 years of age
  • Who is less than 18 years
  • Who has completed 15 years but less than 18 years
  • None of these

• Which of these is not a negotiable instrument as per the Negotiable Instrument Act, 1881?
  • Bill of exchange
  • Delivery note
  • Bearer Cheque
  • Share Certificate

• Public Notice under the Indian Partnership Act, 1932 is given in the following manner:
  • Serving a copy of the Notice to the Registrar of firms
  • Publishing the Notice in the Official Gazette
  • Publishing the Notice in one vernacular newspaper circulating in the district where the firm’s principal place of business is situated
  • All of the above

• A person may not become an agent if  
  • He is of the age maturity
  • He is of unsound mind
  • Either of the above
  • None of the above

• 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.
  • Goods
  • Papers
  • Property (whether moveable or immovable)
  • All of the above

• Section 122 of Companies Act, 2013 provides that which of the following provisions are not applicable to an OPC
  • Section 100: Calling of EGM
  • Section 101: Notice of Meeting
  • Section 105: Proxies
  • All of the above

• A company in which either of the Government has no paid-up share capital is called as a  company
  • Non-Government
  • Government
  • Listed
  • Non-listed

• Section 7(4) of Companies Act, 2013 provides that the company shall maintain and preserve copies of all documents and information as originally filed with the registrar till it’s  under this Act.
  • Incorporation
  • Commencement
  • Dissolution
  • None of the above

•  ………………….are the principles of Business Ethics.
  • Avoid exploitation of consumers
  • Avoid unfair trade practices
  • Unfair treatment to employees
  • All of the above

• In case of contractual obligations where the promisor dies before performance:
  • The legal representatives of the promisor must perform the promise
  • The legal representatives of the promisor must perform the promise provided it is not one dependent on the personal qualifications of the promisor
  • The legal representatives may not perform the promise
  • The legal representatives are not liable to pay damages for nonperformance of the promise.

• An anticipatory repudiation has the effect of:
  • An automatic putting an end to the contract
  • Putting an end to the contract only on acceptance of the repudiation by the other party
  • Putting an end to the contract only on failure to perform when performance is due.
  • No putting an end to the contract.

• In pretended bidding, sale is  .
  • Sale is voidable at the option of the seller
  • Sale is voidable at the option of the buyer
  • Valid
  • Illegal

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