Mercantile Law 2011-Solved MCQs Competitive Exams 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9: The companies act repealed by the companies ordinance, 1984 pertained to year: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)