McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) .
Chapters
| 51. |
A mercantile agent to whom the possession of the goods is given for the purpose of selling the same is known as a/an |
| A. | broker |
| B. | factor |
| C. | commission agent |
| D. | insurance agent |
| Answer» B. factor | |
| 52. |
Which of the following is not a right of the agent? |
| A. | right of lien |
| B. | right to be indemnified |
| C. | right to remuneration |
| D. | right to make secret profits |
| Answer» D. right to make secret profits | |
| 53. |
A person appointed by the original agent to act in the business of the agency but under the control of the original agent is known as a/an |
| A. | agent |
| B. | sub-agent |
| C. | substituted agent |
| D. | del credere agent |
| Answer» B. sub-agent | |
| 54. |
Where the agent contracts for a principal, who is not competent to contract, in such a case the agent is |
| A. | personally liable |
| B. | exceeding authority |
| C. | not personally liable |
| D. | none of these |
| Answer» A. personally liable | |
| 55. |
Substituted agent is appointed by whom? |
| A. | government |
| B. | court |
| C. | principal |
| D. | agent |
| Answer» C. principal | |
| 56. |
What is the name given to an agency which cannot be terminated? |
| A. | revocable agency |
| B. | irrevocable agency |
| C. | agency for a single transaction |
| D. | agency created in necessity |
| Answer» B. irrevocable agency | |
| 57. |
A surety is NOT discharged from his liability: |
| A. | if terms of contract are varied without his consent. |
| B. | if the creditor gives time to the principal debtor without his consent. |
| C. | if the creditor releases the other co-surety. |
| D. | if the creditor releases the principal debtor. |
| Answer» C. if the creditor releases the other co-surety. | |
| 58. |
Cosumer Protection Act is applicable on- |
| A. | goods |
| B. | services |
| C. | restrictive trade practices |
| D. | all of these |
| Answer» C. restrictive trade practices | |
| 59. |
In District Forum in addition to President, minimum members are- |
| A. | three |
| B. | two |
| C. | four |
| D. | no definite number |
| Answer» B. two | |
| 60. |
Jurisdiction of State Commission is- |
| A. | up to 5 lacs |
| B. | up to 20 lacs |
| C. | up to 30lacs |
| D. | none of these |
| Answer» D. none of these | |
| 61. |
Age of a member of State Commission must be not less than- |
| A. | 18 years |
| B. | 25 years |
| C. | 35 years |
| D. | 60 years |
| Answer» C. 35 years | |
| 62. |
An appellant would be- |
| A. | any consumer |
| B. | any voluntary consumer |
| C. | legal heir of consumer |
| D. | all of above. |
| Answer» D. all of above. | |
| 63. |
The provisions of Consumer Protection Act is applicable |
| A. | goods |
| B. | service |
| C. | goods or service |
| D. | goods and services |
| Answer» D. goods and services | |
| 64. |
Under the Consumer Protection Act, complainant means |
| A. | central or state government |
| B. | legal representative of the deceased consumer |
| C. | both (a) & (b) |
| D. | neither (a) nor (b) |
| Answer» C. both (a) & (b) | |
| 65. |
Consumer disputes redressal agencies include _________ |
| A. | district forum |
| B. | state commission |
| C. | national commission |
| D. | all of the above |
| Answer» D. all of the above | |
| 66. |
District Forum shall have same power as are vested in the _________ |
| A. | civil court |
| B. | fast track court |
| C. | criminal court |
| D. | special court |
| Answer» A. civil court | |
| 67. |
Which relief can be obtained by consumers from commission? |
| A. | to remove defects from goods |
| B. | not to offer the hazardous goods for sale |
| C. | to stop manufacturing of hazardous goods |
| D. | all of the above |
| Answer» D. all of the above | |
| 68. |
In a contract of sale of goods, condition as to merchantable quality of goods applies |
| A. | where goods are bought by description. |
| B. | where the goods are bought from the person who deals in the goods for that description. |
| C. | where goods are sold under a trade mark. |
| D. | all of the above |
| Answer» D. all of the above | |
| 69. |
When a person has done some work under a contract and the other party repudiates the contract, then the party who performed the work can claim remuneration for the work done. This is based on the principle of |
| A. | rescission |
| B. | quantum meruit |
| C. | injunction |
| D. | specific performance |
| Answer» B. quantum meruit | |
| 70. |
X contract to deliver 1000 bags of wheat at Rs. 100 per bag on a future date. On the due date, he refuses to deliver. The market price on that day is Rs. 120 per bag. Which damages can be granted by the court |
| A. | Ordinary damage |
| B. | Special damage |
| C. | Remote |
| D. | Vindictive damage |
| Answer» A. Ordinary damage | |
| 71. |
Under the pledge, the person who pledges is known as a pledgor and the bailee is known as a |
| A. | bailor |
| B. | bailee |
| C. | pledgee |
| D. | pledgor |
| Answer» C. pledgee | |
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