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…