Legal aspect of Business

  1. Out of the following statements. which is not correct about the RTI Act. 2005?
    (A) The RTI Act come into force from October 13, 2005.
    (B) Any citizen may request information from a public Authority (Both Govt. and Private)
    (C) Reply for information asked can be given within 30 days
    (D) There is a nominal application fee that are needs to pay to get information under the RTI application.
    (E) for getting information, applicant has to pay Rs.10/-per page of information for central govt. Departments
    Choose the correct answer from the options given below:
    (a) (A),(B),(E) only
    (b) (B),(E) only
    (c) (C),(E) only
    (d) (B),(C),(D),(E) only.
  2. Under which action of information Act of 2000.update in 2008, stealing any digital asset or information is considered as cyber crime?
    (A) 65
    (B)  65-D
    (C) 67
    (D) 70
  3. Which one is false as per the relevant provisions of the Indian contract Act,1872?
    (a) A void agreement is one that is not enforceable by law
    (b) Assignment is the obvious mode of discharge of a contract
    (c) Where a party waives its rights under the contract the other party is released of its obligations under the contract
    (d) Where the subject matter of a contract is destroyed for no fault of the promisor, the contract does not become void by impossibility of performance
  4. Which one is the correct sequence implied in the Indian contract Act 1872?
    (A) Offer of proposal
    (B) Contract
    (C) Promise
    (D) Acceptance
    Choose the correct answer from the options given below:
    (a) (C),(E),(A),(D),(B)
    (b) (D),(B),(C),(A),(E)
    (c) (B),(D),(C),(E),(A)
    (d) (A),(E),(C),(D),(B)
  5. Given below are two statements: One is labelled as Assertion (A) and the other is labelled as Reason (R)
    Assertion (A): Trade mark registration gives exclusive proprietary rights to the trademark owner.
    Reason (R): A trademark is a recognizable sign. design or expression which identifies products or services of a particular source from those of others and are used to claim exclusive proprietary rights of products or services
    In the light of the 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 but (R) is NOT the correct explanation of (A)
    (c) (A) is true but (R) is false
    (d) (A) is false but (R) is true
  6. Which of the following does not come under the definition of “Information” under RTI Act, 2005?
    (a) Log books
    (b) Circulars
    (c) File nothing in the process
    (d) Data material held in any electronic form
  7. Out of the following, which are not the features of GST 2017 in India?
    (A) GST is applicable on supply of goods and services.
    (B) GST is based on the principal of origin based taxation rather than principal of destination based consumption.
    (C) Import of goods is treated as Inter-state supplies and would be subject to IGST in addition to applicable custom duties.
    (D) IT is a dual taxation with Centre and State simultaneously levying it on a common base.
    (E) GST is applicable to all Goods and Services without any exemptions.
    Choose the most correct answer from the options given below:
    (a) (A),(B) and (E) only
    (b) (B),(C) and (E) only
    (c) (B),(E) only
    (d) (C),(D) and (E) only
  8. Which of the following is not an implied condition in a contract of sale?
    (a) Condition as to quality or fitness
    (b) Condition as to merchantable quality
    (c) Condition as to wholesomeness
    (d) Condition as to free from encumbrances