LAW AND ETHICS MCQ 6

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Find below MCQ on Law and Ethics

In which of the following cases, the claim of Quantum Meruitarise
- When there is no breach of contract
- When a contract is discovered to be valid
- Where something has been done non gratuitously
- Where the contract is divisible

Amit tells Bharat in the presence of Chetan that Amit is agent of Chetan. Chetan maintain silence instead of denying it. Later, if Amit sells Chetan’s goods to Bharat, Chetan cannot dispute Bharat’s title to the goods. This is example of
- Sale by official receiver
- Sale by a finder of goods
- Sale by estoppel
- Execution of Sale

An act to dissuade the intending buyer from bidding or from raising the price by pointing out defects in the goods or by doing some other acts which prevent persons from forming a fair estimate of the price of the goods is known as
- Knock out agreement
- Damping
- Puffers
- None of the above

If a minor draws, endorses, delivers or negotiates an instrument, such instrument binds
- all parties to the instrument including the minor
- only the minor and no other parties to the instrument
- all parties to the instrument except the minor
- None of the above

In a partnership firm, the decision can be made by rule of majority when decisions relate to
- policy matters
- ordinary routine matters
- financial matters
- buying and selling of property

Power to exempt any LLP or class of LLP for audits of accounts is with
- Inspector
- Central Government
- Any other regulatory authority
- None of the above

Every inspector appointed under the Factories Act or Payment of Wages Act is deemed to be a
- Controlling Officer
- Labour Welfare Officer
- Honorary Magistrate
- A Public Servant

No fine can be imposed on any employed person who is under the age of
- 10
- 12
- 15
- 18

In case of employee covered under the ESI, the accident report shall be sent in to local office of the ESI to which the company is attached.
- Form No. 18
- Form No. 18A
- Form No. 25
- Form No. 16

The first case ‘doctrine of frustration’ as decided by the Supreme Court of India is
- BasantiBastralaya Vs. River Steam Navigation Co. Ltd.
- Raju Dhruv Dev Chand Vs. Raja Harmohinder Singh
- Sushila Devi Vs. Hard Singh
- Satyabrata Ghosh Vs. Mugneeram

Application for Director Identification Number (DIN) is to be made to Central Govt. in Form
- DIN-1
- DIN-2
- DIN-3
- None of the above

Business ethics is based on well accepted
- Moral and Social Values
- Social Values only
- Moral Values only
- None of the above

Out of seven principles of public life, the principle of objectivity means
- holders of public office should take decisions solely in terms of the public interest.
- in carrying out public business including making public appointments, holders of public office should make choices on merit.
- holders of public office are accountable for their decision and actions to the public.
- holders of public office should be as open as possible about all the decisions and actions that they take.

Who is responsible for ethical behavior?
- Lecturers and Supervisors
- The Psychologist
- The Participants
- The psychological Community

The three C’s of business ethics are
- Commitment, Contribution and Consequences
- Compliance, Contribution and Consequences
- Compliance, Customs and Contribution
- Codes, Compliance and Contributions

Cash is withdrawn by a customer of a bank from the automatic teller machine is an example of
- Express Contract
- Void Contract
- Tacit Contract
- Illegal Contract

Which of the following is not implied condition under The Sale of Goods Act, 1930?
- Sale by description
- Sale by discount price
- Sale by sample
- Quality or fitness

Occupier of every factory shall provide and maintain suitable room or rooms for the use of the children under the age of six years of women workers where the number of such women workers exceed
- 20
- 50
- 30
- 150

Examine as to which of the following payments form part of “salary” under the provisions of the Payment of Bonus Act, 1965.
- Travelling allowance
- Commission on sales
- Dearness allowance
- Overtime allowance

Under Payment of wages Act, 1963, in any factory, in which 1200 persons are employed, wages must be paid
- any time
- before the expiry of 10th day of the following month
- before the close of the month
- before the expiry of 7th day of the following month

The Employees Provident Funds Act, 1952 is applicable to every establishment mentioned in schedule 1 and employed
- 10 persons or more
- 100 or more persons
- 20 or more persons
- 50 or more persons

The employer’s and employee’s share of contribution of ESI fund is
- 1.75% and 4.75% of wages respectively
- 4.75% and 1.75% of wages respectively
- 10% and 3.75% of wages respectively
- 11 % and 3.75% of wages respectively

A Formal notarial certificate attesting the dishonour of a bill or note is called
- Noting
- Protest
- Attestation of Dishonour
- Endorsement

Public notice is not required when there is
- admission of new partner
- retirement of any partner
- expulsion of any partner
- dissolution of the firm

A LLP shall file an annual return duly authenticated with the Registrar within of closure of a financial year under Limited Liability Partnership Act, 2008.
- 30 days
- 45 days
- 60 days
- 90 days

The board of directors may appoint additional directors from time to time if so authorized by
- Articles of Association
- Memorandum of Association
- A resolution passed at general meeting
- A resolution passed at board meeting

Business ethics are gaining importance because of
- smooth functioning
- good image
- the growth of consumer movement
- increasing profit

Which of the following statement is correct about business ethics?
- Social responsibility and business ethics are considered different concepts
- Making higher profits should be the main objective of a business
- A business may sustain only if it cares for society
- Companies making ethical investments may not be able to compete

Holders of public office should take decision solely in terms of the public interest. This principle of public life is called
- Integrity
- Accountability
- Honesty
- Selflessness

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