C:.

00\TVSN

MB0050
1.

Write your ROLL NUMBER in the boxes:

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3. Write the following in the Answer Sheet:

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INVIGILATOR'S SIGNATURE WTTti NAME

4. At the end ofthe examination, RETURN;

Answer Sheet

Question Paper

5. Calculator, Statistical, Annuity, Present Value&

Compound Value Tables are allowed.
PART - A (One Mark Questions)

1.

The data gathered is mostly In the fomi of a large

volume of research

8.

A)
C)

Interpretations
Publication

2.

A research report is a

8)
D)

Findings
Variables
statement of the research

process and its result

A)
C)

Confidential
Informa

3.

Which of the following authors gave the given below

B)
D)

A hypothesis is an

about relations between

variables.

Official
Formal

definition of ethics in the research as "a code of

behavior appropriate to academics and the conduct of
research."?

A)
C)

Fact
Assumption

9.

Research Is scientific method because It Is based on

A)
B)
C)
D)

Arbitrary method
Systematic rational approach

B)

Investigation

D)

Information

Intuition
Quantitative data

used case study in his study of juvenile

10.

delinquency.

A)
C)

Steffan
Wells

4.

Which of the following Is NOT the criteria to be met in

fomiulatlng a hypothesis?

11. The mailsurvey Is metfiodof collecting

A)
B)

It should be empiricallytestable
it should be specific and precise

A)
C)

C)

Itshould describe one issue only

0)

It shouldn't spedfy variables

5.

B)
D)

Zelthmal
Haynes

A)
C)

6.

B)
D)

IS

Planning
Questionnaire

is type of research undertaken for the sake of

knowledgewithout any intention to apply ItIn practice

A)
C)
7.

Applied Research
Descriptive Study

B)
0)

Exploratory Research
Pure Research

Research should be conducted In such a manner that It

does not encroach upon the

parties involved In the process.
A)
C)

Time
Interests

FW13-MB0050

B)
D)

Resources
Rights

B)
D)

B)
D)

Frederick Leplay
William Healey
data.

Secondary
Extemal

samples only allow computation of the sampling

error from the sample Itself

If the population to be studied Is quite large

Bifurcation
Sampling

Primary
Internal

12.

warranted.

A)
C)

Herbert Spencer
Tull Green

of the various

A)
C)

Probability

B)

Non Probability

Quota

D)

Snowball

13. Case documents are necessary and significant both for

building and practice.
A)
C)

Organization
Nation

B)
D)

Theory
Institution

14. If our sample results do not support the null

hypotheses, we should conclude that
Is tixie.
A)
B)
C)
D)

Alternative Hypothesis
Nil hypothesis
Hypothesis
Causal Hypothesis

Page 1 of 8

15. Which of the following is NOT the types of research

26.

A change in.

A)
B)
C)
D)

Research Technique
Sample plan
Environment
Hypotiiesis

27.

According to criteria for evaluating the adequacy of the

case history given by John Dollard a person's life must
be shown as unfolding itself in the context of and partiy
owing to specific
situations.

A)
C)

Technological
Demographic

28.

Observation grasps tiie

occurrences that affect

A)
C)

Environment
Behaviour

29.

A research design constitutes the

collection, measurement and analysis of data.

, may produce or remove a problem.

report?

A)
C)

Joining report
Research abstract

B) . Summary reports
D) Research article

16.

The formulation of the topic into a research problem is

the
steo in a scientific enquiry.

A)
C)

Intermediate
Last

17.

Who has given the following definition of measurement

in research measurement is "the assignment of
numerals to objects or events according to rules.'?

A)
C)

Campbell
STuH

D)

B)
D)

Fifth

Donald
Stevens

18. The edited data are then subject to

and

B)
D)

Economic
Social

B)
D)

significant events
of the participants.

and

Social group
Social relations

classification.

A)
C)

Analysis
Codification

B)
D)

Modification
Edition

A)
C)

19. The response rate in mail surveys is generally.

A)
C)

Moderate
Low

B)
D)

High
Above Average

30.

Collection of data

C)

Research design

21.

In

ttie

words

B)
D)

Hypothesis
Sampling

of

measurement

Torgerson
Campbell

B)
D)

of

is

"the

Stevens
Donald

tiie

data

furnished

Frame

Design

does

not

by

tiie

respondents.

Mail survey
Panel discussion

tece-to-face

B)
D)

conversation

Panel Interview
Interview

Researcher must identify the specific

which call

A)
B)
C)
D)

Objectives of research
Investigative questions
Sampling plan
Data analysis tools

32.

Which of the following is NOT tiie Characteristic of a

good Research Design?

A)
B)
C)
D)

Guide in the right direction

Reduces wastage of time and cost
Remains unchanged under any circumstances
Geared to the availability of data

A)

Cultural

C)

Perception

23.

Objective of any research is

A)
B)

Focused interview
Clinical interview

A)

Collection of data

B)
C)
D)

Purposive investigation
Hypotiiesis testing
Data analysis

C)
D)

Hospitality interview
Depth interview.

B)
D)

involve

for use of observation method.

22. Interviewing enables the investigator to grasp the

context

A)
C)

31.

assignment of numbers to objects to represent

amounts or degrees of a property possessed by all of
the objects.
A)
C)

B)

D)

between the investigator and tiie respondent

20. The search for answers to research questions is called

A)

Blue Print

System

for tiie

Behavioural
Attitude

33. Which of the following Is NOT a type of interview?

34.

Research report enable the redears to understand the

research process and to determine its

24.

Exploratory study is concemed witti an area of subject

matter in which
have not yet been formulated.

A)
C)

Explicit hypoUiesis
Sampling design

25.

In an Unstiuctured Interview tiie interviewer avoids

the interview directions.

A)
C)

Playing
Capitalising

FW13-MB0050

B)
D)

B)
D)

Research problems
Statistical Techniques

Channelling
Utilizing

A)
C)

Feasibility
Validity

B)
D)

Accountability
Reliability

35. The independent variables which are not direcUy

related to the purpose of the study but affect the
dependent variable are known as
A)
B)
C)
D)

Bcti'aneous variables
Endogenous variables
Exogenous variables
Continuous variables

Page 2 of 8

36.

In the data preparation step, the data are prepared in a

39.

The researcher can collect the required date precisely

according to his research

A)
B)
C)
D)

Hypothesis
Needs
Sample
Analysis tools

40.

In
.measurement numerals or symbols are
assigned to different categories of a variable.

A)
B)
C)

Ordinal
Nominal
Interval

D)

Symbolic

data

A)
C)

Banl<
Format

37.

Data such as social class and education are examples

of data related to

A)
C)

Territorial data
Behavioral variable

38.

A part of the population is known as

A)
C)

Census
Portion

B)
D)

Construct
Plan

B)
D)

B)
D)

Organizational data
Human beings

Sample
Universe

PART - B (Two Marks Questions)

41.

Two dimensions of reliability are.

A)
B)
C)
D)

Stability, Variability
Non-variability, Validity
Stability. Non-variability
Instability, Validity

42.

There are two main approaches to research namely

and

A)
B)
C)
D)

Descriptive Study, Applied Research

Applied Research, Causal

43.

In a multi-stage sampling, the sampling in

subsequent stage frames is called

A)
B)
C)
D)

and

Personal delivery as method of distributing

questionnaires to the respondents combines the
advantages of the
and the

A)
B)
C)
D)

Observation, Written communication

Personal interview. Written communication
Personal interview, Mail survey
Mail survey, Fomnal communication

48.

The cluster sampling process involves: identifying

clusters, examining the
of dusters, and
detemfiine the number of

A)
B)
C)

Nature. Stages
Number, Stages
Nature, Steps

D)

Number, Steps

49.

of tiie
The titie of tiie study should indicate the
stijdy, reflect the real intention of the researcher, and

Quantitative, Qualitative

Applied Research, Qualitative

and

Fifth, Sub-sampling
Third, Sub-sampling
Second, Sub-sampling
Third, Sub-Group

show what is tiie

44.

Case study would depend upon wit,

of tiie person doing the case study.

A)
B)

Innovation, Sensing
Analytical Skill, Imagination

C)

Commonsense, Intitution

D)

Commonsense, Imagination

45.

During tiie presentation tiie audience should not be left

The solution to ttiis is to provide a well-defined

and

A)
B)
C)
D)

Commenting, Inti-oduction
Ignored, Inti'oduction
Muttering, Structure
Muttering, Summary

46.

The research
gives a direction and Specific
focus to the research effort It also helps to
tiie
field of enquiry.

A)
B)
C)
D)

47.

Sampling, Formulation
Formulation, Data analysis
Formulation, Confine
Specific focus. Hypothesis Testing

FW13-MB0050

A)
C)

Focus, Basis
Core, Concept

50.

The completeness of secondary data depends on tiie

and
adopted by the original organization.

A)
B)
C)
D)

Methodology. Sampling design

Questionnaire, Sample size
Questionnaire. Sample Frame
Statistical tools, Sample size

51.

Research emphasizes the development of

The
purpose of research is not only to anive at an answer
but also to stand up tiie test of

A)
B)
C)

Principles. Theories
Principles, Criticism
Generalization. Theories
Assumptions, Hypothesis

D)

B)
D)

Core. Focus
Focus, Concept

52.

may be used for recording data in order to

secure more accurate data and also of making
observations over longer periods.

A)
B)
C)
D)

Interview schedule. Continuous

interview schedule. Intermittent
Mechanical devices. Continuous
Questionnaire. Direct

Page 3 of 8

53.

Researchers doing telephone surveys in particular call

respondents at
hours of the day to obtain

57.

If the values of distribution approximately come near to

the

value, we conclude that the distribution has

tendency.

various kinds of information. This is tantamount to

of respondents.

A)
C)

Night, Irritating
Night, Disturi3ing

54.

happens to be the most simple and fruitful

method of fomnulating precisely the research
or
developing hypothesis.

A)
B)
C)

D)

55.

A)
B)
C)
D)

B)
D)

Odd, Abuse
Office, Irritating

A)
B)
C)
D)

Average, Central
Median, Negative
Mode, Positive

58.

A researcher may commit en-ors in the context of

testing of hypothesis like he may reject null hypothesis
when it is tme & he may accept it when it is not tnje.

The survey of concerning literature. Problem

The survey of concerning literature. Design
Experience survey. Design

Exjjerience survey, Problem

A
test r^ecte the null hypothesis if the sample
mean is significantly higher or lower than the
hypnotized value of the mean of the population and
test would be used when we have to test
whether the population mean is either lower than or
higher than hypothesized value.
One-tailed, Z test
F-test, t-test
Two-tailed, One-tailed
Chi-Square Test, Two-tailed

56. While designing data-collection procedure adequate

safeguards against
and
must be ensured.

A)

Validity, keliability

B)
C)
D)

Validity, Unreliability
Predisposition, Reliability
Bias, Unreliability

Mean, Positive

The fomier is known as

A)
B)
C)
D)
59.

& the latter is known as

Type 11, Type I

Type I, Type II
Type I, Type III
Type II. Type IV
In telephone interview there is a

probability of

reaching the respondents as compareid to

problem of personal interview.

A)
B)
C)
D)

Low, Von availability

Equal, Von availability
Low, Non-response
Greater, Non-response

60.

The desired level of reliability depends on tfie research

A)
B)
C)
D)

Objectives,Homogeneity of the population

Questions,Heterogeneity of the population
Objectives,Exogenity of ttie population
Sampling, Exogenity of tiie population

PART - C (Four Mari<sQuestions)

61.

Observations must be done under

which will
pemiit accurate results. The observer must be in
point to s^ cleariy the objects to be observed. The

64.

consent

observation is used to obtain tiie information on current

A)
B)
C)
D)

Conditions, Vantage, Behaviour

Supervision, Vantage, Attitude
Conditions, Suitable, Perception
Provisions, High, Behaviour

62.

A questionnaire consist of a set of

.questions to
and obtain responses from respondents. The
questionnaire must make provision to collect ail the
which are required for testing hypothesis.

A)
B)
C)

Complex, Validate, Statistical tools

Ill-defined, Probe, Sample units
Well-fonnulated, Probe, Data items

D)

Simple, Validate, Statistical tools

63.

There is no
over secondary data collection and
hence it may not be
for many applications. It
may not be available in the required

A)

Conti-ol, Valid, Quality

B)

Control, Accurate, Fonnat

C)
D)

Influence, Valid, Quantity

Influence, Reliable, Quality

FW13-MB0050

Identity the aspects of tiie research about which

participants need to be infonned before getting the
1.

Purpose of the research

2.
3.
4.

Time required for gathering the data

Type of required information
Sample size and type of partidpants

A)
B)
C)
D)

1,2, 3 only
2, 3,4 only
All 1,2, 3,4
1,3,4 only

65.

Identify the right sequence which represents formal

experimental designs namely Completely randomized
design, Latin square design. Factorial design
respectively.
i.
It is generally used when experimental areas
happen to be homogenous.
ii.
It is used in agricultural research.
iii.
It is used in experiments where the effects of
varying more than one factor are to be
detemiined.

A)
B)
C)
D)

iii, ii, i respectively

i, iii. ii respectively
ii. iii, i respectively
i, ii, iii respectively

Page 4 of 8

66.

Identify the right sequence which represents

characteristics of data namely Completeness,
Accuracy, Unifomiity respectively.
i.
Checking whether there is an answer to all the
questions.
ii.

Care should be taken that the answer as a

iii.

"positive question" response or as "negative

question" response.
Cross verification to a few related responses.

A)
B)
C)
D)

iii, ii, i respectively

ii, i, iii respectively
iii, i, ii respectively
i, iii, ii respectively

67.

Match tiie following which reflects criteria of good

71.

Research as a tool of Govemment economic policy

fonnulation involves distinct stages of operation,
identify them from following
1.
Investigation of economic sructure tiirough
continual copilation of facts
2.
Diagnoses of events tiiat are taking place and
analysis of tiie forces underiying tiiem
3.
The prediction of future developments

A)
C)

1 and 2 only

72.

Match tiie following representing various steps involved

in hypotiiesis testing

1 and 3

B)
D)

2 and 3
Ail 1,2 3

Set-I

1.

Choice between
distribution

2.
3.

Calculating specified value for a

Sample result would diverge as widely as
expectations
Compute an appropriate value to Use firom tiie

research problem.
Set-i

1.

Jotting down details

2.

Free from all biases

3.

Avoids vague meanings

4.

4.
Factual observations
Set-ll
a.
Verifiable evidence
b.
Precision

c.
d.
A)
B)
C)
D)

68.

69.

tiie

sample data

a.
b.
a
d.

Objectivity
Recording

1-d. 2-a. 3-b. 4-c

1-b. 2-a. 3-c. 4-d
1-c. 2-a. 3-b. 4-d
1-d. 2-c. 3-b. 4-a

ii.

List of tables

iii.
iv.

Preface/acknowledgements
Trtle page

B)
D)

ii, iv, i. iii respectively

iv. i, iii, ii respectively

Selecting A Random Sample

Calculation of the Probability
Comparing the Probability
Deciding the Distribution

A)
C)

1-a, 2-c, 3-b, 4-d

1-d. 2-c. 3-b. 4-a

73.

Identify right sequence which represents characteristics

of good measurement namely Validity. Reliability,
Simplicity. Practicability respectively for
I.
Consistency
ii.
Should measure what it is supposed to measure

Identify the right sequence which represents typical

iii. iv, ii, i respectively

iv, iii, ii, i respectively

and

Set-MI

outiine of a research report

i.
Absti-act or syriopsis

A)
C)

distiribution

iii.
iv.

B)
D)

l-c, 2-a, 3-b. 4-d

1-c, 2-d. 3-b. 4-a

Should not be very complicated or elaborate

Results of a test can be interpreted easily

A)
B)
C)
D)

iii. ii. i. iv respectively

i. iii, ii. iv respectively
i, ii, iv, iii respectively
ii, i. iii, iv respectively

74.

Identify the right sequence which represents

characteristics
of
a
good
sample
namely
Representativeness, Accuracy and Size respectively.

Choose tiie correct alternative by identifying nature of

statements given below which may be True or False.

1.
2.

Evaluation Studies aims at identifying the causes

of a problem and the possible solutions for it
Diagnostic Study is concemed with causal
relationships and is more actively guided by

i.
ii.
iii.

hypothesis, research may enable us to make

reliable predictions.

3.

Action Research includes seven major steps.

A)
B)
C)
D)

1-False, 2-False. 3-False

1-False. 2-True, 3-False
1-False, 2-False, 3-True
1-True, 2-Tnje. 3-Tme

70.

Respondents are under no _

_ to extend response,
One should, therefore, be _
and be alert to such
reactions of the respondents as lame-excuse.
suspicion, reluctance or indifference, and deal with
them suitably. One should not also
with

A)
C)
75.

Adequate in size in order to be reliable

Measured by standard enror
Representative of tiie population

iii, i, ii respectively
iii, ii, i respectively

B)
D)

i. iii. ii respectively
ii, i. iii respectively

Choose tiie correct alternative by identifying nature of

statements given below which, may be True or False.
1.
Each metiiod of data collection also gives rise to
diffierent ethical concems.

2.

3.

to the private life of the participants during data

collection only.

respondents.

A)
B)
C)

D)

Contract Empatheti'c, Ai^ue

Obligations. Tactful, Dispute
Pressure, Tactful. Agree

Pressure. Empatifietic, Agree

FW13-MB0050

In the case of telephone interviews, the

respondents should not be contacted at
"unreasonable times" of tiie day.
Researcher should observe any behavior related

A)
B)
C)
D)

1-False. 2-False. 3-False

1-True, 2-True. 3-False
1-False. 2-False. 3-True
1-True, 2-FaIse, 3-True

Page 5 of 8

MB0051
1.

Write your ROLL NUMBER in the boxes:

OUESnON PAPER BOOKLET NUMBER

1
2.

3008479

Write your LC COD^ in the boxes:

PURATIQN

3. Write the following in the Answer Sheet:

4.

Registration Number
QP Booklet Number

2 Hours

Paper Code
Learning Centre Code

INVIGILATOR'S SIGNATURE WITH NAME

At the end of the examination, RETURN:

5.

Answer Sheet

Question Paper

Calculator is allowed.

PART

A (One Mark Questions)

A market compromising the area in which the

conditions of competition for supply of goods known as

7.

A)
C)

Promoters

Relevant product market

8.

An agreement the consideration of which is unlawful is

A)
C)

Void
Valid

The persons who assume the task of promotion of a

company are known as

B)
D)

Donors
Acceptors

A)
B)
C)
D)

Relevant market
None of these

2.

FERA stands for

A)
B)
C)
D)

Foreign Exchange Revenue Act

Foreign Exchange Regulation Act
Foreign Exchange Regional Act

9.

Out of the follovwng which one is not the source of

English Law?

None of these

A)
B)
C)

Common law
Business law
Equity

D)

Statute law

Motivators

Relevant geographic market

, tells us the aspects of the company's formation

and utmost possible scope of its operations beyond

B)

Voidable

D)

Contingent

"

which its actions cannot go.

10. A person who delivers the goods as security for

A)
B)

C)
D)
4.

Memorandum of understanding
Memorandum of Associations
Memorandum of Unions

payment of debt is known as

Articles of Associations

A)
C)

Law relating to the contract of guarantee is given in

11.

sections

of Indian Contract Act.

A)
C)

126-147
127-139

5.

To constitute a partnership there must be atleast

B)
D)

128-136
128-140

20
2

6.

IPR stands for

A)
B)
C)
D)

Intellectual Property Rights

International Promising Rights
Indian Property Rights
Indian Patent Rights

FW13-MB0051

B)
D)

10
50

Bailor

B)
D)

Pledger
Bailee

banker is a banker upon whom a cheque is

drawn.

A)
C)

Collecting
Lending

12.

Section
of Indian Partnership Act 1932 lays
down the procedure for registration of partnership firms.

A)
C)

56
58

13.

The agency arising from the conduct situation or

relationship of parties is called

A)
B)
C)
D)

Agency by holding out

Express agency
Implied agency
Agency of necessity

persons.

A)
C)

Pledgee

B)

Paying

D)

None of these

B)
D)

57
60

Page 1 of8

14- For a contract of guarantee, the primary liability is of

23. The literal meaning ofthetenm 'Equi^ is

A)

A)
8}

Creditor

B)

Principal debtor

C)

Surety

0)

Indemnifier

15. The Directorate of enforcement makes provisions

C)

Natural justice

0)

Good ^ith

24. Substitution of a new contract for the original one is

called

under

A)
B)
C)
D)

Sections 36 and
Sections 34 and
Sections 35 and
Sections 36 and

38
35
36
37

16. An offer made by a party by omission to do something

is called

A)
B)
C)
0)

Express offer
Implied offer
Offer by abstinence
Specific offer

17. An agreement is valid

A)

Which creates legal and social obligations ofthe party

B)

Which creates right ofa party

D)

Which creates legally binding rights and obligations of

C)

Which is written on a price of paper and signed by the

parties

A)
B)
C)

Novation
Waiver
Cancellation

0)

Merger

25.

CCI stands for

A)

Consumer Commission of India

B)
C)
0)

Competition Commission of India

Competition Collaboration of India
Computer Competition of India

26.

A contract with an idiot is

A)
B)
C)
D)

Valid
Void
Voidable

comes under
A)

Section 2

B)
C)

Section 6(2)
Section 2(1)

D)

Section 3

ofthe Competition Act, 2002.

Illegal

is a mercantile agent engaged to buy or/and sell

27.

property.

the parties to it

18. Prohibition of entering into anti-competitive agreement

Customs
Traditions

A)
B)
C)

Broker
Advisor

D)

None of these

Agent

28. The person to whom the amount of the promissory

notes is payable is called

19. The Consumer Protection Act was amended iin

A)

ly^aker

C)

Payee

A)
B)

1991,1993 and 2001

1991,1993 and 2002

29. Acontract ofguarantee is for the security ofthe

C)
D)

1992.1993,2002
1992,1993.2005

A)

Creditor

C)

Buyer

30.

The Consumer Protection Act 1986 is

20. 'Caveat emptor" means

A)

'Let the seller beware"

B)
C)
D)

'Let the buyer beware'

What is expressed makes
Agreements ovenrule law

21. The term agreement has been defined under section

of Indian Contract Act. 1872.
A)
C)

2(a)
2(e)

B)

2(h)

D)

2(i)

22. Right to acquire the knowledge and skill to be an

informed consumer is a

A)
B)
C)

D)

Right to be heard
Right to be informed
Right to consumer education
Right to safety

FW13-MB0051

B)
D)

B)
D)

A)

Punitive

B)

Compensatory

C)
D)

Preventive
Subordinate

31.

A
A

Holder
Endorser

Debtor
Seller

. in nature.

is a person who for consideration became the

possessor of a promissory note, bill of exchange or

cheque.
A)
B)
C)
D)'

Holder
Holder in due course
Holder for value
Endorsee

32. Contract of Indemnitycomes under which section

A)
C)

124 and 126

125 and 126

B)
D)

124 and 125

126 and 127

Page 2 of8

33' AGMARK stands for

37.

A)
B)
C)

Agricultural Process and Grading and Marketing Act

Agricultural Products and Grading and Marketing Act
Agricultural Products and Graduate and Marketing Act

Sections
of Sale of Goods Act 1930 provide for
the duties of the seller and the buyer.

A)
C)

31-44
10-19

0)

None of these

35.

1973
1998

B)
D)

called

1974
1999

Where agent does not disclose the very fact that there
is a principal, the principal is called

A)
B)
C)
D)

Undisclosed principal
Concealed principal

Undisclosed prindpaland concealed principal

Third party principal

Product
Tumover

B)
D)

A)
C)

Agent
Donor

39.

An

B)
D)

Donee
Bailee

instrument means an instrument that is

incomplete in certain respects.

36. Value of sales of goods or services includes in

A)
C)

40-50
21-30

38. The person executing the power of attorney deed is

34. The year in which FEMAreplaced FERA

A)
C)

B)
D)

Service
Profit

A)
C)

Stamped
Unstamped

40.

Valid ab initio means

A)

Valid occasionally

B)
C)

Valid in between
Valid at the end

D)

Valid firom the beginning

B)

Inchoate

D)

Crossed

PART ~ B (Two Marks Questions)

41.

State True or False

47.

a.

A married woman cannot enter in to a contract

b.

When the promisee does not accept the offer of

performance, the promisor is not responsible for
non-perfonnance

Consumer Protection Act is claimed to have been

designed after an in depth study of consumer

protection laws and arrangements in
A)

Pakistan, Afghanistan, Iran

B)
C)
D)

UK, USA, Australia and New Zealand

Russia, France and China

Gemiany, France and Italy

42. Classification ofcontracts according to validity

48.

Rights of the unpaid seller are classified in to

A)
B)

A)

Rights under section 73-74 of Indian Contract Act and

rights under Sale of Goods Act 1930
Rights under section 60-61 of Indian Contract Act
Rights under Section 120-121 of Indian Contract
None of these
,

A)
C)

C)
D)

a-True, b-True
a-True. b-False

B)
D)

a-Faise, b-False
a-False, b-True

In writing
By words
Inferred from conduct
Valid, void, voidable

43. Parties to the promissorynote are

A)
B)

Maker and payee

Drawer, drawee, payee

C)

Drawer, drawee, payee and endorsee

D)

Drawer, drawee, drawee in case of need

44. All the following are classified as goods except

A)
B)
C)
D)

Existing goods
Future goods
Past goods
Contingent goods

45.

CCPs stands for

A)
B)
C)
D)

Constant Convertible Preference Shares

Constant Convertible Pennanent Shares
Cumulative Convertible Preference Shares
None of these

46. Breach ofcontract mayarise in following 2 ways

A)
B)

Existing breach and Future breach

Express breach and implied breach

C)
D)

Standard breach and implied breach

Anticipatory breach and actual breach

FW13-MB0051

B)
C)
D)

49. Two parties to the contract of indemnity are

A)

B)
C)
D)
50.

Debtor and Creditor

Donor and Donee

Indemnifier and Indemnified

Principaldebtor and Surety

State True or False

a.

Cheque must always be crossed to make it a valid

b.

One can get a post dated cheque encashed

across the bank counter at any time

instrument

B)
C)
D)

a-True, b-True
a-False, b-False
a-True, b-False
a-False, b-True

51.

Primary sources of Indian Law are

A)

Customs and Statues

A)

B)

English Law, Equity

C)
D)

Common law and law of merchant

Stan Decisis and obitor dicta

Page 3 of 8

52.

Negotiable instruments are

A)

Promissory note, rupee note, cheque

B)
C)
D)

53.

56. Sections of partnership act dealing wi^ dissolution of

the firm by mutual consent and by court respectively

Promissory note, deposit receipt cheque

Promissory note, bill ofexchange, dividend warrant
Promissory note, bill ofexchange, cheque

A)
C)

State True or False

57.

a.

RTI Act2005 was implemented in our country on

15.6.2005

b.

No person shall publish a Digital Signature

Certificate

A)
B)
C)
D)

a-True, b-True
a-False, b-False
a-True. b-False
a-False, b-True

54. Which ofthe following are not the rights ofthe agent?
A)
B)
C)
D)

Rightto remuneration, right to retainer

Right of lien, right ofstoppage in transit
Right of stoppage in transit
Makingsecret profit and to deal on his own account

55.

State True or False

a.

Agent being merely a connecting link is never

a-True, b-True

B)

a-False, b-False

C)
D)

a-True, b-False
a-False, b-True

41 and 42
43 and 40

Article of Association of a company have a contractual

A)
B)
C)
0}

Company and
Company and
Company and
Company and

58.

Following are not classified as bailment

A)

Deposit, Commodatum

B)

Pawn, Pledge

C)

Hireand Deposit

D)

Loan and Lien

59.

IPC stands for

A)
B)

International Personal Computer

Indian Personal Computer

C)
D)

International Penal Code

Indian Penal Code

60.

Government
its owners
its members
its suppliers

State True or False

a.

Commercial impossibility does not make the

b.

A threat to commit suicide does not amount to

Agent cannot renounce hisagency

A)

B)
D)

force between

personally liable

b.

40 and 44
45 and 46

contract void

coercion.

A)
C)

a-True, b-True
a-True, b-False

B)
D)

a-False, b-False
a-False, b-True

PART - C (FourMarks Questions)

61

State True(T) or False(F)

The accounts of the competition commission shall

63.

Fill up the blanks

1.

be audited by the comptroller and auditor-general

is one which can be construed as a

pnsmissory note or as a billof exchange.

of India

An inchoate instrument means an instrument that

Foreign currency means any currency same as

is

in certain respects.

Indian currency
An authorized person is allowed to credit the

account of any person without any corresponding

of exchange or cheque.

An

Section 7 of FEMA deals with Export of goods

1-T, 2-T, 3-T, 4-F

B)

C)

1-T, 2-F, 3-F,4-T D)

Holder on due course

i-F, 2-T, 3-F. 4-T

1-F, 2-F, 3-F, 4-T

62. Match the following

Set-I

1.

Preference share

2.

Equity share

3.

Cumulative convertible preference shares

4.

Deferred share

Incomplete
Ambiguous instrument

A)
C)

1-d, 2-c. 3-b. 4-a

1-a, 2-b. 3-c, 4-d

64.

State Tme or False

Set-ll

a.

They are usually called founders shares

b.

Pennitted to issue

c.

Holders have voting rights in prohibition to the

d.

paid upequity capital of the company.

Carries preferential right in regard to repayment of

vide Govt.

order dated

FW13-MB0051

1-d, 2-c, 3-b, 4-a

1-d, 2-a, 3-b, 4-c

1b. 2-d, 3a, 4c

1-c, 2-b, 3-d, 4-a

1.

Ownership of copy right comes under section 6

Copy right means the exclusive right, by virtue of,

and suspect to the provision of the Act

3.

Every broadcasting organization shall have a

special right known as production right in respect

4.

Section 41 provides that works made or published

by certain international organizations are granted

of its broadcast

copy right protection in India.

capital on winding up.

B)
D)

8)
D)

2.

19.8.1985

1-a, 2-b. 3-c, 4-d

1-b. 2-a, 3-c, 4-d

is the mode of negotiating a negotiable

instrument.
Endorsement

and services

A)

is a person who for consideration

became the possessor of a promissory note, bill

remittance from any place outside India

A)
C)

An

A)
B)

1-True. 2-True, 3-False. 4-False

1-False, 2-False, 3-False, 4-True

C)
D)

1-False, 2-True, 3-False, 4-T.-ue

1-True, 2-False, 3-True, 4-False

Page 4 of 8

65. ^Match the following

Dissolution of a finn by

69.

SeM

1.

Mutual consent

2.
3.

By agreement
By insolvency of all partners but one

4.

By business becoming illegal

a.

Section 40

b.

Compulsory dissolution

agreement.

A)
C)

If the partnership relates to more than one

adventure the illegality of one or more of them

70.

does not prevent the lawful adventure from being

1-b. 2-c. 3-d.4-a
1-a, 2-c, 3-45, 4-d

B)
D)

66.

Fill up the blanks

RTI Act extends to _

4.

Misrepresentation

Section 17
Section 16
Section 15

l-a, 2-b. 3-c. 4-<j

1-d. 2-c, 3-b. 4-a

1-c. 2-b. 3~a, 4-d

1-d, 2-a. 3-c, 4-b

Statutory meeting
Annual general meeting
Extra-ordinary meeting called by the directors of

their own account

4.
Section 227
Set-ll

a.

of India

Powers, duties or obligation of auditors

Must be held in each calendar year and not more
than 15 months shall elapse between two

b.

A trust is defined in the

Legal recognition of electronic records comes
under

meetings
A private company is under no obligation to hold
such meeting
May be called at any time by giving not less than
21 days notice

c.

d.
b.
c.

d.

Paper based
Electronics governance
Indian Trust Act
Whole

A)
C)

1-b, 2-c, 3-d. 4-a

1-d. 2-c, 3-b. 4-a

67.

State True or False

1.

2.

A)
C)
B)
D)

71.

1-a, 2-b. 3-c, 4-d

1-d, 2-a, 3-c. 4-b

A guarantee which extends to series

transactions is called continuing guarantee

4.

of

68.

B)
D)

l-d, 2-b, 3-a, 4-c

1-b, 2-d. 3-a, 4-c

Match the following

In the event of principal debtor being a minor

creditor cannot recover his money from the surety
The creditor does not have a right of general lien

1-True, 2-True. 3-True, 4-False

1-False, 2-False. 3-False, 4-True
1-True, 2-Tnje, 3-False, 4-True
1-True, 2~False. 3-True, 4-False

1.

Common Law

2.

Equity

3.
Statute Law
4.
Lex Mercatoria
Set-ll

Mr. A guarantees the loan of Rs.10,000 to B by C,

on the securities of the surety in his possession.

A)
B)
C)
D)

1-c, 2-b, 3-d. 4-a

l-d, 2-c, 3-b. 4-a
Set-I

a banker. The guarantee in this case is a

continuing guarantee

3.

1-b, 2-a, 3-d. 4-c

1-c, 2-b, 3-a. 4-d

Match the following

1.
2.
3.

IT Act ^cilitates electronic storage of data in

place of
methods of storage of data.

a.

B)
D)

SeM

carried on by the fimn.

A)
C)

Undue influence
Fraud

b.
c.
d.

In accordance with the contract between the

partners, incorporating the condition in the

partnership deed itself or in a separate
d.

2.
3.

Set4l
a.
Section 18

SeHi

c.

Match the following

Set-I
1.
Coercion

a.

Natural justice

b.
c.

Also known as case law

Law of merchant

d.

Can ovenide any rule of common law or equity

A)

1-a, 2-b. 3-c, 4-d

B)

C)

1-b, 2-a, 3-d, 4-c

D)

72.

1-d, 2-c. 3-b. 4-a

1-c, 2-d, 3-a. 4-b

Match the following

Set-I

Fill up the blanks

1.

Bailment

2.
3.
4.

Pledge
Agency by estoppel
Agency by holding out

1.

Application for a patent made by a foreign

national is known as
application
is a new product or process involving an
inventive step and capable of industrial

Set-ll

2.

a.

Some affinnative conduct by the principal is

application

b.

Delivery of goods by one person to another for

c.

some purpose upon a contract that they shall

when the purpose is accomplished be returned.
Where a person by his words or conduct induce

necessary

of an abstract theory cannot be called as

3.

invention

deals with the subject of suits concerning

4.

infringement of patents.

others to believe that a certain person is his

agent.

Sections 104 to 115

Convention

A)
C)

1-b. 2-c, 3-d, 4-a

l-d, 2-c, 3-b. 4-a

FW13-MB0051

B)
D)

d.

Fomriulation
Invention

l-c, 2-d, 3-b, 4-a

1-d, 2-b, 3-a, 4-c

Bailment of goods as security for payment of a

debt or perfonnance of a promise

A)
C)

1-d, 2-b, 3-a. 4-c

1-a, 2-c, 3-d. 4-b

B)
D)

1-c. 2-d, 3-b. 4-a

1-b, 2-d, 3-c, 4-a

Page 5 of8

73.

State True or False

75.

1.
2.

An agreement to agree Is a valid contract

Sodal contracts are enforceable In courts

3.

There are three remedies under the specific rule

Set-^

1.

of act

4.

Damages

under section

75 are

awarded

73, 74 of Indian Contract Act

74.

a.

1-True, 2-True, 3-False, 4-False

1-False, 2-False, 3-True. 4--True
1-False, 2-True, 3-False, 4True
1-True, 2-False. 3-False, 4-True

The person to whom the bill is negotiated by

endorsement

b.

Original payee and if the bill is endorsed, the

endorsee.

Match the following

c.

Person on whom the bill is drawn

d.

Is a person who for consideration becomes the

possessor of the instrument if payable to bearer

or the payee or endorsee ifpayable to order.

Implied conditions
Set-I

1.

Holder in due course

2.
Drawee
3.
Holder
4.
Endorsee
Set~n

according to certain rules as laid down in section

A)
B)
C)
D)

Match the following

Parties to a bill of exchange

Conditions as to sale

Sale by discription

Condition as to quality or fitness for buyers

purpose

Condition as to merchantable quality

A)
B)
C)
D)

1-a, 2-b.
1-b,2-a.
1-c.2-b.
1-d. 2-c,

3-d. 4-c
3-c. 4-d
3-d.4-a
3-b. 4-a

Set-ll

A)
C)

a.

Section 15

b.
c.

Section 16(1)
Section 16(2)

d.

Section 14

1-b, 2-a, 3-c, 4-d

1-d, 2-a, 3-b. 4-c

B)
D)

1-a, 2-b, 3-d, 4-c

1-c, 2-b. 3-a, 4-d

SPACE FOR ROUGH WORK

FW13-MB0051

Page 6 of8