Business Law Test Interview MCQs Question Answers

 If you are looking Business Law related objective type MCQs for PPSC, FPSC, NTS, PTS, OTS, SPSC, BPSC, KPPSC and many other exams interviews Preparations. You are here on right page learn here solved MCQs with answers question answers.

Business law MCQs Quiz Test

Business Law MCQs quiz test online learn with solved answers of all MCQs these Multiple Choice Question Answers are helpful for Public Service Commission question answers.

Business Law Test Interviews MCQs With Answers

Q.1: According to Contract Act, what is true about the “Contract”?
I. Legal Term
II. Binding agreement
III. Always in written

1. II only
2. I and II only
3. II and III only
4. I, II and III

D

Q.2: Contract can be signed between?

1. Individuals
2. Legal Entities
3. Both
4. None of these

C

Q.3: In general, Partnership entails?

1. Limited Liability
2. Unlimited Liability
3. No Liability at all
4. None

B

Q.4: Which kind of partnership entails more legal benefits?

1. Limited Liability Partnership
2. Unlimited Liability Partnership
3. Ordinary Partnership
4. None of these

A

Q.5: Limited Liability in Partnership has been introduced after seeking inspiration from?

1. Sole Proprietorship
2. Company or Corporation
3. Both
4. None of these

B

Q.6: Companies with shares available on stock market are called?

1. Listed Companies
2. Unlisted Companies
3. Stock Companies
4. Equity-based Companies

A

Q.7: Stock Exchange facilitates the business of?

I. Company Formation
II. Company Regulation
III. Buying and Selling of Shares

1. I only
2. I and II only
3. III only
4. I, II and III

C

Q.8: Death of a company is termed as?

1. Collapse
2. Liquidation
3. None of These
4. A company cannot be dead

B

Q.9: Sole Proprietorship is a kind of business that involves?

1. One Individual
2. Two Individuals
3. More than Two Individuals
4. None of these

A

Q.10: “Pacta sunt Servanda” means?

1. Promises must be kept
2. Promises must be Broken
3. Promises must not be Broken
4. Promises are contracts by nature

A

Q.11: A contract to sell the property by a minor through guardian is?

1. Void
2. Voidable
3. Valid
4. None of these

C

Q.12: “Void Ab Initio” means?

1. Invalid from the Beginning
2. Partly Invalid
3. Partly Valid
4. None of these

A