Legal Aspects of Business Objective Questions and Answers

631. How will the goods and services be classified under GST regime?

632. According to Sale of Goods Act which two of the following are defined as 'goods'?
1. Moveable property
2. Growing crops
3. Actionable claims
4. Book debt
Choose the correct answer from the following options:

A. 1 and 4

633. Which of the following does not constitute infringement under Section 52 of Copyright Act?

A. Back up copy

B. Review

C. Reading extract in public

D. All of these

Discussion

634. Which one of the following is not correct relating to competition policy and law?

A. Collusion and dominance have potential for unfair competition

B. The appeal against decisions of competition commission of India can be made to the competition Appellate Tribunal

C. State monopolies, government's business policies and functioning of regulatory authorities cannot be scrutinised under this law

D. Abuse of dominance rather than dominance should be the key for competition policy law

Discussion

635. According to section 14 of the Act, when a promissory note, bill of exchange or cheque is transferred to any person so as to constitute that person the holder there of, the instrument is said to be:

A. Negotiated

B. Assigned

C. Assigned and negotiated

D. Terminated

Discussion

636. What is the number of days, after giving notice to CCI, an enterprise can enter into a combination, as per the Competition Act, 2002?

637. Which of the following right is not available personally against the buyer?

Legal Aspects of Business MCQs