- A minor takes a loan of Rs. 4,000/- from ‘B’ during his minority. On attaining majority , he applies to ‘B’ for a future loan of Rs. 3,000/- ‘B’ gives this loan and obtains from ‘A’ a combined promissory note of Rs. 7,000/- For the two loans. This is considered as:
(a) Void contract
(b) Valid contract
(c) Illegal contract
(d) Unilateral contract - Given below are two statements: One is balled as Assertion A and the other is labeled as Reason R
Assertion A: A, the owner of a ship by fraudulently representing her to be seaworthy induces B, on underwriter to insure the ship.
Reason R: B can obtain cancellation of the policy as it is a fraud on account of fraudulent misrepresentation under the contract act.
In the light of the above statements, choose the correct answer from the options given below:
(a) Both A and R are true and R is the correct explanation of A
(b) Both A and R are true and R is NOT the correct explanation of A
(c) A is true but R is false
(d) A is false but R is true - Match List I with List II:
List I
(A) Actual Delivery
(B) Constructive Delivery
(C) Symbolic Delivery
(D) Delivery
List II
(I) Delivery of means of obtaining possession of goods by the seller to the buyer
(II) Physical handing over of the possession of the goods by the seller to the buyer
(III) Voluntary transfer of possession of goods from seller to buyer
(IV) Acknowledgement by a third person in possession of goods to hold them on behalf of and at the disposal of the buyers.
Choose the correct answer from the options given below:
(a) (A) – (IV), (B) – (I), (C) – (III), (D) – (II)
(b) (A) – (II), (B) – (IV), (C) – (I), (D) – (III)
(c) (A) – (I), (B) – (III), (C) – (IV), (D) – (II)
(d) (A) – (III), (B) – (II), (C) – (IV), (D) – (I) - The amount of penalty for making a false statements to the ‘Competition Commission” by a person who is a party to a combination shall be between
(a) 20 lakhs to 50 lakhs
(b) 50 lakhs to 1 crore
(c) 8 lakhs to 10 lakhs
(d) 70 lakhs to 1 crore - Which of the following statements are true regarding the objectives of Right to Information Act? Indicate the correct code:
(A) To operationalise the fundamental right to information
(B) To set up system and mechanisms that facilitate people’s easy access to information
(C) To promote transparency and accountability in governance
(D) To minimize corruption and inefficiency in public offices and ensure people participation in governance and decision making
Choose the correct answer from the options given below:
(a) (B), (C) and (D) only
(b) (A), (B), (C) and (D) only
(c) (A), (B) and (C) only
(d) (A), (B) and (D) only - Which one of the following is not included in the term “Work” under copyright Act 1957 ?
(a) A cinematographic film
(b) Layout design of integrated circuits
(c) A sound recording
(d) A dramatic work. - Which of the following taxes have been replaced by the GST? Indicate the correct code:
(A) Central Excise duty
(B) Service tax
(C) Taxes on advertisements
(D) Duties of Excise Medical and toilet preparations
Choose the most appropriate answer from the options given below:
(a) (A), (B), (D) only
(b) (A), (B) only
(c) (B), (C), (D) only
(d) (C), (D) only
Answer Key
| 1 (b) | 2 (a) | 3 (b) | 4 (b) | 5 (b) |
| 6 (b) | 7 (All) |