Semester-1
Core-1 (Paper-1)
Subject-Basic Business and Applied Law
GROUP-A
1. Multiple Choice questions
1. What is the source of law?
a. Constitution of India
b. Constitution of India, judicial Precedents, customary laws,
statutes, and ordinance
c. Statutes enacted by the parliaments of India and state
legislatures
d. Religion
2. Money bill is introduced in which house of the
parliament?
a. Council of people - Lok Sabha
b. Council of states - Rajya Sabha
c. Both the houses
d. None of the houses
3. The Hindu personal law is basically found in:
a. Shruti
b. Smriti
c. both (a) and (b)
d. None of the above
,4. Which of the following is not branch of law?
a. civil law
b. administrative blow
c. commercial law
d. none of the above
5. Elements of law includes
a. Command
b. Sanctions
c. Duty
d. All of the above
1. Voidable contract is one
a. which is lawful
b. which is invalid
c. which is valid so long it is not avoided by the party
entitled to do so
d. none of the above
2. Misrepresentation means:
a. Unwanted assertion
b. Any breach of duty without an intent to deceive
c. Innocent mistake
d. All of the above
3. The term proposal or offer has been defined
in section: a. Sec 2(a)
b. Sec 2(b)
c. Sec 2(c)
d. Sec 2(d)
4. An agreement enforceable by law is:
a. A voidable contract
b. Void
, c. A void contract
d. A Contract
5. Wagering agreement is illegal in:
a. Gujarat
b. Kerala
c. Haryana
d. Jammu and Kashmir
1. The sale of Goods Act ,1930 apply to:
a. Immovable property only
b. Movable property only
c. Both movable and immovable property
d. All types of goods and services
2. The principal of caveat emptor under the sale of goods
Act means
a. Seller should be careful while selling goods
b. Buyer should be aware while purchasing goods
c. Both buyer and seller should be careful
d. Government regulates all sales
3. In a sale, the risk of loss is borne by
a. Buyer
b. Seller
c. Government
d. Transporter
4. When an unpaid seller retains possession of goods until payment is
made it is called
a. Right to resale
b. Right of lien
c. Right to stoppage in transits
Core-1 (Paper-1)
Subject-Basic Business and Applied Law
GROUP-A
1. Multiple Choice questions
1. What is the source of law?
a. Constitution of India
b. Constitution of India, judicial Precedents, customary laws,
statutes, and ordinance
c. Statutes enacted by the parliaments of India and state
legislatures
d. Religion
2. Money bill is introduced in which house of the
parliament?
a. Council of people - Lok Sabha
b. Council of states - Rajya Sabha
c. Both the houses
d. None of the houses
3. The Hindu personal law is basically found in:
a. Shruti
b. Smriti
c. both (a) and (b)
d. None of the above
,4. Which of the following is not branch of law?
a. civil law
b. administrative blow
c. commercial law
d. none of the above
5. Elements of law includes
a. Command
b. Sanctions
c. Duty
d. All of the above
1. Voidable contract is one
a. which is lawful
b. which is invalid
c. which is valid so long it is not avoided by the party
entitled to do so
d. none of the above
2. Misrepresentation means:
a. Unwanted assertion
b. Any breach of duty without an intent to deceive
c. Innocent mistake
d. All of the above
3. The term proposal or offer has been defined
in section: a. Sec 2(a)
b. Sec 2(b)
c. Sec 2(c)
d. Sec 2(d)
4. An agreement enforceable by law is:
a. A voidable contract
b. Void
, c. A void contract
d. A Contract
5. Wagering agreement is illegal in:
a. Gujarat
b. Kerala
c. Haryana
d. Jammu and Kashmir
1. The sale of Goods Act ,1930 apply to:
a. Immovable property only
b. Movable property only
c. Both movable and immovable property
d. All types of goods and services
2. The principal of caveat emptor under the sale of goods
Act means
a. Seller should be careful while selling goods
b. Buyer should be aware while purchasing goods
c. Both buyer and seller should be careful
d. Government regulates all sales
3. In a sale, the risk of loss is borne by
a. Buyer
b. Seller
c. Government
d. Transporter
4. When an unpaid seller retains possession of goods until payment is
made it is called
a. Right to resale
b. Right of lien
c. Right to stoppage in transits
