BBA Business Law — practice questions
44 free MCQs with worked solutions. Tap any question for the answer + explanation, or practice them all in the app.
Practice BBA Business Law in the app →The older market approach summed up as 'Let the buyer beware' is called:The newer approach, 'Let the seller beware', is known as:A shopkeeper mixes cheaper grain into packets of branded flour. This unfair practice is:Widespread ignorance of consumers about their rights makes it necessary to:Which reason for consumer protection rests on business using resources that belong to the society?A firm that avoids exploitative practices because it is simply the right thing to do is acting on:Under the Right to Information Act 2005, Section 4, information must be made available to:The quality mark for graded agricultural produce is:A jeweller must display which mark to assure the purity of gold ornaments?Manufacturers may use the ISI mark only after ensuring their goods conform to:A buyer of a heater that catches fire is exercising which right when she demands safe goods?A packet must carry ingredients, date of manufacture, price and quantity because of the:Freedom to pick from a variety of products at competitive prices is the:A customer files a complaint about a faulty phone and asks to be listened to. This is the:Replacement of a product, removal of its defect, or compensation for loss are reliefs under the:The right to acquire knowledge and stay well informed throughout life is the right to:Asking for a cash memo when buying goods matters because it serves as:The awareness campaign run by the Department of Consumer Affairs is called:The Consumer Protection Act sets up a redressal machinery with how many tiers?The National Commission is set up by the:A person unhappy with a District Forum order may appeal to the State Commission within:Every District Forum has a President and two other members, of whom one must be:Those who take the steps and the risks of bringing a company into being are its:Forming a company is divided into which three stages?A promoter finds that the metal needed for a part cannot be obtained at all. The project fails which test?A township project needs several crores that the promoters cannot arrange. The idea is dropped for lack of:A project is technically sound and fully funded, but has little chance of profit. It fails on:Applications for name approval are sent to the:How many names, in order of priority, are given in the application to the Registrar?A proposed name is rejected if it too closely resembles the name of:Which document defines the objectives of a company?The exact address of the registered office must be notified to the Registrar within:Which clause of the memorandum defines the purpose for which the company is formed?A shareholder holds 1000 shares of 10 rupees each and has paid 6 rupees per share. His liability is limited toThe clause specifying the maximum capital the company may raise through shares is the:The Memorandum of Association of a public company must be signed by at least:The rules for the internal management of a company are contained in the:Shares that directors must buy so they hold a stake in the company are called:Promoters entering contracts before the company exists are personally liable, because such contracts are:Promoters may make a profit from promotion only if it is:The document that signifies the birth of a company is the:From November 1, 2000, the Registrar of Companies allots each company a:A company must obtain the certificate for commencement of business within how many days of incorporation?A public company inviting funds from the general public must first obtain approval from: