CS/BBA(H), BIRM, BSCM/SEM-3/BBA-303/2011-12
2011
BUSINESS REGULATORY FRAMEWORK
Time Allotted : 3 Hours Full Marks : 70
The figures in the margin indicate full marks.
Candidates are required to give their answers in their own words
as far as practicable.
GROUP – A
( Multiple Choice Type Questions )
1. Choose the correct alternatives for any ten of the following :
10 × 1 = 10
i) A contract which can be avoided at the will of one party
and not by the other party is known as
a) Void contract b) Voidable contract
c) Valid contract d) Unenforceable contract.
ii) The Indian Contract Act came into force on the first day
of September
a) 1872 b) 1873
c) 1871 d) 1874.
iii) FEMA was formerly known as
a) Foreign Exchange Regulation Act
b) Foreign Exchange Act
c) Foreign Exchange Maintenance Act
d) Foreign Exchange Banking Act.
iv) The term FOB means
a) Free On Board b) Freight On Board
c) Flight On Board d) None of these.
v) The Act which protects the interest of consumers is
called
a) Consumer Protection Act
b) Indian Contract Act
c) Negotiable Instrument Act
d) Sale Of Goods Act.
vi) General offer can be accepted by
a) any person
b) specific person
c) any person having notice of it
d) all of these.