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This set of Business Regulations Multiple Choice Questions & Answers (MCQs) focuses on Sales of Goods ACT 1930 Set 2
Q1 | The delivery of goods by one person to another as a security for the repayment of a debt isknown as a
- bailment
- hypothecation
- pledge
- mortgage
Q2 | Which of the following persons does not have a right of general lien?
- bankers
- wharfingers
- finder of goods
- factors and policy brokers
Q3 | X lent his car to his friend Y for two days without any charges. It is a
- non-gratuitous bailment
- gratuitous bailemnt
- hypothecation
- beneficial bailment
Q4 | Out of following, which is/are duty of a bailee?
- to take care
- to take a reasonable care
- to sell the goods
- to retain the goods
Q5 | Out of following, which is/are rights of a bailee?
- to indemnify
- to claim necessary expenses
- to delivery of goods to any one of the joint bailor of the goods
- all of the above
Q6 | A person appointed to contract on behalf of another person is known as a/an
- principal
- agent
- independent contractor
- servant
Q7 | A mercantile agent to whom the possession of the goods is given for the purpose of sellingthe same is known as a/an
- broker
- factor
- commission agent
- insurance agent
Q8 | Which of the following is not a right of the agent?
- right of lien
- right to be indemnified
- right to remuneration
- right to make secret profits
Q9 | A person appointed by the original agent to act in the business of the agency but under thecontrol of the original agent is known as a/an
- agent
- sub-agent
- substituted agent
- del credere agent
Q10 | Where the agent contracts for a principal, who is not competent to contract, in such a casethe agent is
- personally liable
- exceeding authority
- not personally liable
- none of these
Q11 | Substituted agent is appointed by whom?
- government
- court
- principal
- agent
Q12 | What is the name given to an agency which cannot be terminated?
- revocable agency
- irrevocable agency
- agency for a single transaction
- agency created in necessity
Q13 | A surety is NOT discharged from his liability:
- if terms of contract are varied without his consent.
- if the creditor gives time to the principal debtor without his consent.
- if the creditor releases the other co-surety.
- if the creditor releases the principal debtor.
Q14 | Cosumer Protection Act is applicable on-
- goods
- services
- restrictive trade practices
- all of these
Q15 | In District Forum in addition to President, minimum members are-
- three
- two
- four
- no definite number
Q16 | Jurisdiction of State Commission is-
- up to 5 lacs
- up to 20 lacs
- up to 30lacs
- none of these
Q17 | Age of a member of State Commission must be not less than-
- 18 years
- 25 years
- 35 years
- 60 years
Q18 | An appellant would be-
- any consumer
- any voluntary consumer
- legal heir of consumer
- all of above.
Q19 | The provisions of Consumer Protection Act is applicable
- goods
- service
- goods or service
- goods and services
Q20 | Under the Consumer Protection Act, complainant means
- central or state government
- legal representative of the deceased consumer
- both (a) & (b)
- neither (a) nor (b)
Q21 | Consumer disputes redressal agencies include _________
- district forum
- state commission
- national commission
- all of the above
Q22 | District Forum shall have same power as are vested in the _________
- civil court
- fast track court
- criminal court
- special court
Q23 | Which relief can be obtained by consumers from commission?
- to remove defects from goods
- not to offer the hazardous goods for sale
- to stop manufacturing of hazardous goods
- all of the above
Q24 | Under the pledge, the person who pledges is known as a pledgor and the bailee is known as a
- bailor
- bailee
- pledgee
- pledgor
Q25 | CCI stands for:
- consumer commission of india
- competition commission of india
- competition collaboration of india
- computer competition of india