BUSINESS LAW - II (MCQS)

T.Y B.COM

SEMESTER - 6

BUSINESS LAW - II

MCQS - FEBRUARY 2016

1. In which of the following negotiable instrument/s no acceptance is required?

A) Cheque

B) Bill of Exchange 

C) Promissory Note 

D) Both (A) and (C)

2. A person in whose name the Digital Signature Certificate is issued is known as ............. 

A) Subscriber

B) Consumer

C) Indemnifier

D) None of these

3. In which of the following negotiable instrument/s signature of the drawer (maker) is required?

A) Cheque

B) Bill of Exchange 

C) Promissory Note

D) All of these

4. A key pair used to create Digital Signature is called as ..........

A) Private Key

B) Public Key

C) Duplicate Key

D) None of these

5. For Dishonour of Cheque under section 138 a person may be imprisoned for a term which may extend to ...........

A) Seven Years

B) Five Years

C) Ten Years

D) Two Years

6. A Law of Partnership is an extension to the law of .............

A) Guarantee

B) Agency

C) Bailment

D) Pledge

7. Out of total numbers of members in National Commission under the Consumer Protection Act, 1986, at least .............. should be woman.

A) Two

B) Three

C) One

D) Six

8. It is the duty of partners to ..........

A) Share in Profits

B) Observe Faith

C) Be Consulted

D) Receive Interest on Advances

9. Who amongst the following is considered as Consumer?

A) A person buying goods for commercial purpose.

B) Any user of the goods with the consent of buyer.

C) A person buying goods for the purpose of self-employment.

D) Both (B) and (C)

10. A Sleeping partner is also known as .................  Partner. 

A) Nominal

B) Actual

C) Partner by estoppel

D) Dormant

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