Law of Torts – MCQs

1. ……….. are words, which appear innocent, but have a latent defamatory meaning (a) Libel                (b) Slander (c) Innuendo        (d) None of the above Ans. (c) 2. Unliquidated damages mean (a) Damage to something solid. (b) Damage caused by a firm which has gone in liquidation (c) Damage to a firm in the hands of receivers. (d) Damage to…

Indian Financial System – MCQs

1. Indian financial system comprises of both ———————-and ———————-sector. Ans. organized and Unorganized sector. 2. SEBI was given legal status in the year————-set up in1988 Ans . 1992 3. Non-banking assets and Non-performing assets are synonymous term. (True or False) 4. The Indian money market does not deal in cash or money but in promissory notes,…

Economics – Supply and Demand MCQ

1 1. Normally a demand curve will have the shape: A Horizontal B Vertical C Downward sloping D Upward sloping Answer: Downward sloping 2. Which one is the assumption of law of demand? A Price of the commodity should not change B Quantity demanded should not change C Prices of substitutes should not change D Demand curve must be linear Answer: Prices of substitutes should…

Indian Contract Act, 1872 – MCQs

1.An agreement consists of reciprocal promises between at least  (a) four parties.  (b) six parties.  (c) three parties.  (d) two parties. Answer – d 2.  Every promise and every set of promise forming the consideration for each other is a/an  (a) contract.  (b) agreement.  (c) offer.  (d) acceptance. Answer – b 3. Contract is defined as an agreement enforceable by law, vide Section … of…

Constitution of India – Multiple Choice Questions

Constitution is the Fundamental Law of any country which sets out the framework and the principal functions of various organs of the government. At present, the Constitution of India contains 448 Articles in 25 Parts and 12 Schedules. However, there are multiple features of the Constitution, namely Secular State, Federalism, Parliamentary Government, Fundamental Rights and…