Mercantile Law 2011 - Solved MCQs NET, IAS, State-SET (KSET, WBSET, MPSET, etc.), GATE, CUET, Olympiads etc. Set 1
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1: Which of the following contracts is voidable, where:
(a) Aparty is induced by undue influence
(b) One party under mistake of fact
(c) both parties under mistake of fact
(d) None of these
Answer: (a)
2: in case of wilful wrong sub agent is responsible to:
(a) Agent
(b) Principal
(c) Sole agent
(d) None of these
Answer: (a)
3: A tender notice amounts to:
a. Proposal
b. offer
c. invitation
d. none of these
Answer: (c)
4: A contract to sell property by minor through guardian is:
a. Void
b. voidable
c. valid
d. none of these
Answer: (c)
5: How many parties are there in contract of guarantee?
a. 5
b. 4
c. 3
d. none of these
Answer: (c)
6: Which of the following is eligible to become the director of the company.
a. Minor
b. un discharged insolvent
c. person representing creditors
d. none of these
Answer: (c)
7: extra ordinary general meeting of a company includes:
A. Annual general meeting
b. statutory meeting
c. plenary meeting OR
d. none of these
Answer: (c & d)
8: Petition for the winding up of company may be moved by:
A. auditor general
b. advocate general
c. company judge
d. none of these
Answer: (c)
9: The companies act repealed by the companies ordinance, 1984 pertained to year:
a. 1930
b. 1933
c. 1935
d. none of these
Answer: (b)
10: penalty for improper use of word “Limited” is:
A. fine
b. imprisonment
c. fine with imprisonment
d. none of these
Answer: (c)