UGC NET JRF Commerce PYQP 2025 January – Legal Aspects of Business

1. Match the List-I with List-II

   LIST – I (Act)		LIST- II (Year)
   A.	Indian Contract Act	I.	2013
   B.	Sales of Goods Act	II.	1872
   C.	Negotiable Instruments Act	III.	1930
   D.	Companies Act	IV.	1881

   Choose the correct answer from the options given below:
   (a) A-II, B-III, C-IV, D-I
   (b) A-I, B-II, C-III, D-IV
   (c) A-IV, B-III, C-II, D-I
   (d) A-III, B-IV, C-I, D-II

2. Which of the following points are considered as salient features of Limited Liability Partnership (LLP)
   A. LLP is a body corporate
   B. LLP is a legal entity separate from its partners.
   C. LLP does not enjoy a perpetual succession
   D. Partners of LLP have unlimited liability
   E. LLP is an artificial legal person
   Choose the correct answer from the options given below:
   (a) A, B and E Only
   (b) B, C and D Only
   (c) C, D and E Only
   (d) C and D Only
3. A contract of Indemnity is a :
   (a) Wagering Agreement
   (b) Quasi Contract
   (c) Void Contract
   (d) Contingent Contract
4. Arrange the following point (Section wise from Section 14 to 18) of the Indian Contract Act
   A. Definition of free consent
   B. Misrepresentation
   C. Fraud
   D. Undue influence
   E. Coercion
   Choose the correct answer from the options given below:
   (a) E, D, C, B, A
   (b) D, E, C, A, B
   (c) B, D, E, A, C
   (d) A, E, D, C, B
5. If new contract is substituted in place of an existing contract, it is called
   (a) Waiver
   (b) Remission
   (c) Novation
   (d) Alteration
6. Quasi contracts are based on the doctrine of
   (a) Unjust enrichment
   (b) Just enrichment
   (c) Unjust Richment
   (d) Misrepresentation
7. Match List – I with List-II.

   List – I (Key definition Under IT Act 2000)		List – II (Sections)
   A.	Addressee	I.	Section 2(1) (f) of the Information Technology Act, 2000
   B.	Adjudicating Officer	II.	Section 2(1) (d) of the Information Technology Act, 2000
   C.	Affixing Electronic Signature	III.	Section 2(1) (c) of the Information Technology Act, 2000
   D.	Asymmetric Crypto System	IV.	Section 2(1) (b) of the Information Technology Act, 2000

   Choose the correct answer from the options given below:
   (a) A-IV, B-III, C-II, D-I
   (b) A-III, B-IV, C-I, D-II
   (c) A-II, B-I, C-III, D-IV
   (d) A-I, B-II, C-III, D-IV

8. ‘Which of the following are taxes (GST) applicable in the case of supply of goods
   I. From West Bengal to Chandigarh
   1I. From Puducherry to Chennai
   Note: CGST: Central Goods and Services Tax
   IGST : Integrated Goods and Services Tax
   UTGST: Union territory Goods and Services Tax
   SGST : State Goods and Services Tax
   (a) I. CGST
   II. IGST
   (b) I. IGST
   II. IGST
   (c) I. UTGST
   II. UTGST
   (d) I. SGST
   II. UTGST

Answer Key