Paner Code

MBOO35
OUESTIONPAPERBOOKLETNUMBER
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2. Write your LC CODE in the boxes:

300506i
DURATION

3. Write the following in the Answer Sheet: 2 Hours

. Number r
Registration PaperCode INVIGILATOR'SSIGNATUREWiTH NAME
+ QPBookletNumber . LearningCentreCode

4. At the endof the examination,RETURN:

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5. Calculator,Annuity TableandStatisticalTables
are$QI allowed.
.WORK
SPACE F'OR. ROUGII

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FS08- MB003s
 PART_A

1. "Law is a body of principles recognizedand 10. Thephrase"Quantummerit"

literallymeans
applied by state in administration of justice".
Whosedefinitionis this? A) No right no action
B) Silencedoesn'tamountto acceptance
A) Kapoor B) Salmond C) As much is earned
C) Dias D) Holiand D) Buyer beware

2. -isdefinedaseverypromiseandeverysetof 11. _ is a specialtype of contractwhereinone

promisesforming considerationfor eachother. personpromiied to pay the loss of otherparty.

A) promise B) contract A) contractof guaranteeB) contractof agency

C) agreement D) obligation C) contractof indemnityD) contractof bailment

3. An agreementnot supported by consideration 12. In case of contract of guaranteethe person in

becomes of whose default the guaranteeis given is
;:tT,
A) A nudumpactum B) Quid pro quo
c) QuantumMerit D) caveat emptov A) creditor B) principal debtor
C) Surety D) Co obligant
4. Carlil Vs Carbolic Smloke Ball Co. is a case
relatingto 13. How many contractsare there in a contract of
guaranteetransaction
A) capacitytocontract B) free consent
C) generaloffer D) invitationto offer A) one B) two
C) three D) four
5. Which of the following is an example for
invitationto offer 14. For revocationof continuingguaxanteesuretyhas
to give noticeto
A) companyprospectus B) catalogue
c) shopwindow display D) all the above A) principal debtor B) creditor
C) public D) ca-obligant
6. When the promisor offers to perform his
contractualobligations prgmiseehas to accept it 15. After paying the guaranteeddebt the surety steps
otherwiseit becomes into the shoesof the creditor,this right of suretyis
Knownas
A) actualperformance
B) attemptedperformance A) right of lien B) right of contribution
C) generalperformance C) right of equality D) right of subrogation
D) agreementto perform
16. Which of the following is not subject to
7. Substitution of a new contract in the place of NegotiableInstrumentsAct?
existingcontractis called
A) Treasurybills B) Dividend wanants
A) alteration B) waiver c) Sharewarrants D) postalorders
C) novation D) merger
17. Negotiable Instrumentis an instrumentwhich is
8. Which of the following damagesare awardedwith transferableby
a view to punishthe guilty party for the breachof
contract? A) meredelivery B) post
C) contract D) imagination
A) Nominal damages B) Specialdamages
C) ExemplarydamagesD) Ordinarydamages 18. A promissory note must be properly stampedas
requiredby
9. The amountof damageswhich is fixed prior to the
actualbreachand consequentialloss is called A) Transferofpropefiy Act
B) IndianPostalAct
A) nominal damages B) vindictive damages c) NegotiableInstrumentAct
C) liquidateddamages D) specialdamages D) Indian StampAct

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19. Holder of NegotiableInstrumentmeans 28. No personcan act as CompanySecretaryin more
than companiesat a time
A) anypersonwho is entitiedto posses
A) one B) tvvo
B) any personwho bearsit
C) three D) four
C) any personwho finds it
D) anypersonwhojust Possess it
29. Mainly Information Technology Act has been
passedto give effectto
20. When a negotiableinstrumentis dishonoured,the
holder will have the option to get the instrument A\ Constitutionalamendment
notedandprotestedbefore B) Amendmentto law of evidence
A) a Magistrate B) a Notary Public c) Governmentdecision
a public servant D) U.N. resolution
C) an advocate D)
3 0 . Which of the following document is subject to
21. A companyis the creationof Infomation TechnologYAct
A) Law B) Promoters A) Bill ofexchange B) Cheque
C) Directors D) Shareholders c) Powerof attomey D) Trust deed

22. StateBank of India is an exampleof 3 1 . Under informationTechnologyAct- meansa

person
A) Holding company B) Nonholdingcompany
C) StatutoryCompany D) Subsidiarycompany A) Signatory B) Licencee
c) Subscriber D) Grantee
23. In case of companies limited by Guarantee
membersareliable to contributeto the companyat )L. An arbitratoris basicallya privatejudgeappointed
the time of with the consentof

A) lossto the company A) Complainant

B) businessexpansion B) Defendant
C) companyis in needof caPital C) Both the partiesto disPute
D) winding up of the company. D) District Court

24. Which of the following companiesneed not use 33. The foundationofarbitration is
the word "limited" at the endof its name
A\ the provisionof law B) arbitratlonagreement
A) Public Company c) civil dispute D) criminal dispute
B) ForeignCompany
The decisionof Arbitral Tribunal is termedas
C) GovemmentComPanY
D) Associationnot for Profit A) injunction B) decree
C) judgement D) award
25. Which of the following documentis known as
charterof the comPanY? 35. Which of the following doesn't fal1 within the
meaningof 'Goods'
A) prospectus
B) certificateof registration a'l shares B) growing crops
C) articlesof association c) newspaper D) cheque
D) memorandumof association
36. What is the limit of pecuniaryjurisdiction of the
26. The first annual generalmeeting of a company District Forum?
may be heldwithin - of its incorporation
A) 5 lakhs B) 10lakhs
A) 6 months B) 12month C) 20lakhs D) 30lakhs
C) 15month D) 18months
37. According to law of limitation the Consumer
2'7. lndian Companies Act is applicable to foreign Dispute Redtessal Agencies should admit the
companyif its - of paid u capitai held by Complaint within - from the date on which
Indians causeofaction hasarisen

A) 20o/oot mote B) 30%o or more A) 3 months B) 6 months

C) 40o%or more D) 500/oor more C) oneyear D) threeyears

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rt 38. Child is a personwho has not completedthe age

A\
of

7 years B) 12 years
40. Every employeeis entitledto get casualleavewith

A)
wagesfor _

6 days
per anmrm

L
c) 14years D) 18 years B) 12days
C) 15 days
39. Every employeeshould be given an interval for D) 9 days
rest ofatleast one hour after ofwork in any
day

A) 3 hours B) 4 hours
C) 5 hours D) 6 hours

PART_B

41. A1l _ are agreementsbut all _ are not 46. 'Injunction'is an orderof a Court
contracts
A) to pay backthe debtwith interest
A) promises,agreements B) to pay monetary compensationto the organized
B) agreements, contracts party
C) contracts,promises c) to restraina personfrom doing a particularact
D) contracts,agreements D) to perform the contractualobligationsas originally
agreed
42. Lalman ShuklaVs Gouriduttrefersto
A1 'x' sells and delivers goods to 'y'. 'x' afterwards
A) Acceptanceshouldbe absoluteandunconditional requests'z' to pay in case of default of'y'. 'z'
B) Acceptanceshouldbe in prescribedform agreedto do so. Herc z cannot become surety
C) Acceptancemust be provokedby offer because
D) is no acceptance
Provisionalacceptance
A] no considerationto 'z' B) 'z' is not competent
43. The communicationof acceptanceis completeas c) no consentof 'y' D) No considerationto 'y'
againstthe proposer
48. Which of the following two rights of srirety are
A) when it comesto the knowiedgeof the proposer avaiiableagainstthe creditor
B) when it is decidedto accept 1. Right to securities
C) when it comesto the knowledgeof the proposee 2. fught to claim setoff
D) when it is put in the course'oftransmission 3. Rightto subrogation
4. fught to indemnity
44. Which of the following two grounds on which
A) | and2 B) 2and3
contractis dischargedby the operationof law?
C) 3 and4 D) 1and4
1. novation
2. alteration
49. Which of the following are negotiable
3. death
4. inscilvency instruments?

A) Fixed deposit receipt, share warrant and

A) | andZ B) 2 and3
promissorynote
C) 3 and4 D) 1and4
B) Promissorynotes, Dividend warrant and letter of
credit
45. A party who is guilty of breach of contractmay
C) Promissorynotespostalorder andcheque
sue on quantummerit providedthe foliowing two
D) Promissorynoteschequesand treasurybills
conditionsarefulfilled they are
1. contractmust be divisible
50. Chequeis a bill of exchangewith the distinctive
2. contractmust be indivisible
featuresnamely
3. other party enjoyedthe part ofthe contract
f . it is alwaysdrawn on a bank
4. other party did not get the benefitofany part
2. it is alwayspayableon demand
ofthe contract
3. it is aiwaysdrawn on debtor
4. it must be acceptedby the payee
A) 1and2 B) 2 and3
C) I and3 D) land4
A) | and2 B) 2and3
C) 3 and4 D) l and4

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 l
51. What are the two basictypesof companieswhich 56. Which of the following is the methodsof ADR? F
canbe registeredundercompaniesact? \

A) privatecompaniesandpubriccompanies
f] iiliff.,il.?tff:1ifffl:t::ffi:l'""" (
B) Companylimited by sharesand companieslimited C) Examination,mediation,conciliation,arbitration
by guarantee D) Negotiation,mediation,conciliation,arbitration.
C) Holding and subsidiarycompany
D) Governmentcompanyandforeign company 57. Which of the following two matters can not be
referredto arbitrationsettlement?
52. Statutorymeetinghasto be convenedafternot less 1. Domestictradedispute
than _ but within _ from the date at 2. Executionof foreignawards
which the company is entitled to commence 3. Taxation
business. 4. Tradecrimes

A) 1 month, 12 months B) 3 months,9 months A) | and2 B) 2 and3

C) 1 month,6 months D) 2 months,3 months C) 3 and4 D) 4 and I

53. The minimum numberof personsrequiredto form 58. Which of the following two arenot consumers
a private companyis _ and _ in caseof 1. Tax payersto municipality
public companies 2. Contractors
3. Telephonesubscribers
A) 7, unlimited B) 10,50 4. Patientsin a privatehospital
c) 10,20 D) 2,7
A) land2 B) 2and3
54. Theauthenticationoftheelectronicrecordshallbe C) 3and4 D) 4andl
effectedby the useof_ and_
59. Which of the following two seryicesare excluded
A) signature,attestation from the scopeof ConsumerProtectionAct
B) hacking,crypto function 1. Servicesof Govt. hospital
C) asymmetriccrypto system,hashfunction 2. Personalservice
D) asymmetricsystem,crptofunction 3. Banking service
4. Serviceof Boardingand Lodging
55. Hacking with computersystemwill be punished
with A) | and2 B) 2 and,3
C) 3and4 D) land4
A) Threeyearsimprisonmentor with fine of two lakh
rupeesor with both. 60. No personemployedin any shopshall be allowed
B) Two yearsimprisonmentor with fine of two lakh to work for morethan_ in any day and_
rupeesor with both in any week
C) One yearimprisonmentwith fine of fifty thousand
rupeesor with both. A) 6 hours,36 hours B) 8 hours,48 hours
D) Two year imprisonment or with fine of fifty C) 7 hours, 45 hours D) t hours,50 hours
thousandrupeesor with both

PART - C

61. What arethe essentialsof a valid contract? 62. What are the exception to the rule "No
1. free consent considerationno contract"?
2. contractualcapacity 1. Agreementmade on accountof natural love
3. cashconsideration and affection
4. agreementnot declaredvalid 2. Promise to compensate past voluntary
5. lawful object service
3. Promiseto pay time barreddebts
A) 1,2,3,4 and5 4. Completed gifts
B) 1,2,3,4 5. In caseof family andmarriagesettlements
C) l,2,4and5
D) 2,3,4and5 A) 1,2,3,4m.d5 B) 2,3,4and5
C) l , 3 , 4 a n d5 D) 1 , 2 , 3 a n d4

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* 63. What are the methodsof discharginga confact by 68. Match the following
^ mutualagreement? Set-I
. 1. Tender 1. One of the characteristics of negotiable
y 2. Novation instruments
3. Alteration 2. Non-negotiableinstrument
4. Remission 3. PromissoryNote
5. Rescission 4. Bill of exchange
6. Waiver Set-II
-u.
Dru*"., Draweeand Payee
A) 1,2,3,4,5and6 B) 2,3,4,5and6 b. Unconditionalpromisetopay
C) l,2,3, 4 and5 D) l, 3, 4, 5 and6 c. EasyNegotiability
d. ShareCertificate
64. When contractwill be dischargedon the groundof
supervisingimpossibility A) l--c,2-d, 3-b, 4-a
1. Destructionof subjectmatter B) T-a,2-b,3-c, M
2. Failureof ultimatepurpose C) 1-b,2-a,3--c,44
3. Deathof penalty D) 14, 2-a, 3-c, 4-b
4. Changeoflaw
5. Strikesand lockouts 69. What ar^e the characteristics of a registered
companyT
A) 1,2,3,4 and5 B) 2,3,4 and5 l. Artificialperson
C) 1,2,3 and4 D) 1,3,4 and5 2. Independent corporateexistence
3. Perpetualexistence
65. What are the essentialsof a valid contract of 4. Nontransferabilityof shares
indemnity? 5. Limited liability
1. Theremust be threeparties
2. It may be expressor implied A) 1 , 2 , 3 , 4a n d 5 B) 1,2,3,4
3. Consentof partiesmust be free C) 2,3,4and5 D) l,2,3and5
4. Contract of indemnitv is enforceableonlv
when promisesuffersloss 70. Which of the following companiesneed not hold
5. Thereshouldbe consideration statutorymeeting?
1. Govt Companies
A) 1,2,3,4and5 B) l,2,3and4 2. Companylimited by guaranteehaving no
C) 2,3, 4 and5 D) 1, 3, 4 and5 sharecapital
3. Unlimited liability company
66. What arethe rights of suretyagainstthe creditor? 4. Privatecompanies
1. Ask the creditorto suethe debtor 5. Public companies
2. Require the creditor to terminate debtors.
service A) 1 , 2 , 3 , 4 a n d5
3. Claim to any setoff B) 1, 2, 3 and4
4. Accessto the securitiesof the debtorwith the C) 2, 3, 4 and5
creditor D) 1,3,4 and5
5. Right to sharereduction
71, Match the following
A) 1,2,3,4,5 B) 1 , 2 , 3a n d 4 Set-I
C) 1,3, 4 and5 D) 2, 3, 4 and5 1. Cybercrime
2. Cybercrime againstpersons
67. Which of the following are negotiable 3. Cybercrime againstproperty
instruments? 4. Cybercrime againstgovernment
l. Money Order Set-II
2. TreasuryBills a. Child pornography
3. Dividend Warrant b. Computervandalism
4. ShareWarrants c. Cyberterrorism
5. Hundies d. Offendshumansensibilities

A) 1 , 2 , 3 , 4a n d 5 A) 14,2-b,3-c,4-a
B) 1 , 2 , 3a n d 4 B) 74,2-a,3-b,4-4
C) 1 , 3 , 4a n d 5 C) 1-a,2-b,3-c,4-d
D) 2 , 3 , 4 a n d5 D) I-b,2--c,3-d,4-a

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 I

l
I
:_. i

72. What arethe essentialsof an arbitral award?"

.74
Matchthe foltowing
l
l
1. Award shouldbe in r,lriting Set-I l
I
2. It must be signed by members of arbitral 1. District forum
tribunal 2. Statecommission ,l
3. lt shouldbe dated 3. Centralcouncil I
4. It shouldstatethe place 4. NationalCommission J
I
5. It should contain the amount of arbitration Set-lI j
i
fees a. Protects against marketing of goods which j

arehazardousto life andproperty i

A) 1 , 2 , 3 , 4a n d 5 b. Value of the goods and services and
l
B) 1 , 2 , 3a n d 4 compensationclaimed doesn't exceed 20 i
c) 2 , 3 , 4 a n d5 lakhs I
D) l , 3 . 4 a n d5 c. Value of the goods and services and I
compensationclaimedis above20 lakhs and l
j

73. What are the different ways of termination of below50 lakhs l

'services I
conciliationproceedings? d. Values of goods and and t
1. By signing the settlementagreementby the compensation claimedis [Link] I

parties
It
I
2.. By written declarationof conciliator after A) l-a,2-b,3-c,4-d B) I-b,2-a,3-r, 4-d I
t
consultingwith the parties c) 7-b,24,3--c,4-a D) 1-b,2--c,3-a,4-d I
I
3. By written declaration of the parties I
addressed to conciliators 75. What are the authoriseddeductionsagainst the I
II
4. By written declarationof a party to the other wages of an employee under Shops and
I
party and the conciliator EstablishmentAct? I
5. By bringing arbihation award directing the 1. Fines II
terminationconciliationproceedings. 2. absencefrom duty
I
3. damageanddefault I
I
A) 1 , 2 ,3 , 4 a n d5 4. costof accommodation provided s i
B) 2 , 3 , 4 w t d5 5. Incometax paid .1
c) 1,2,3,4 6. Bonuspaidto employees
-- I
1
' I
D) 1 , 3 , 4 a n d5 l
A) 1 , 2 , 3 , 4a r ' d 5 B) 2 , 3 , 4 , 5a n d 6 I1
c) 1 , 2 , 3 , 4 , 5a n d6 D) 1 , 2 , 3 , 5a n d 6 I
I
I
lI
I
II
ij
,1
1i
i

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