1. S agrees to sing in M’s theatre .

S dies in the meanwhile the contract is

a. Void b. Discharged c. Voidable
d. Illegal

2. Breach of contract can be of ____________ breach

A. Actual b. Anticipatory c. Both A & B d.
None of the above

3. Minor can be an
a. Agent b. Partner c. Surety d. None of
the above

4. Consideration can simply be explained as

a. Profit b. Income c. Benefit d.
Acceptance

5. An offer when accepted becomes ________________

A. Agreement B. Contract C. Promise D. None of the above

6. Select an option based on the below said statements:

Statement 1: “Every contract is an agreement “
Statement 2: “Every agreement is not a contract”

A. Statement 1 is only true

B. Both 1 & 2 are True
C. Both 1 & 2 are False
D. Statement 2 is only true
7. When the acceptance of one party to the contract is not obtained by free
consent then the contract becomes
A. Valid
B. Voidable
C. Void
D. Unenforceable

8. Constructive contract is otherwise known as

A. Quasi Contract
B. Implied Contract
C. Express Contract
D. Executed Contract

9. A car in a Second hand car showroom tagged with the price is an

A. Express offer
B. Invitation to offer
C. Implied Offer
D. Valid offer

10. Ordinarily, a minor's agreement is

 Void ab initio
 Voidable
 Valid
 Unlawful

11. Which of the following persons are not competent to contract?

 Minors
  Persons of unsound mind
 Persons disqualified by law
 All of these

12. A proposal when accepted becomes a:

 Promise
 Contract
 Offer
 Acceptance

13. For entering into a contract, a minor is a person who has not completed the
age of;
 16 years
 18 years
 20 years
 21 years

14. A, B and C jointly promised to pay Rs.6000 to D. Before the performance of

the contract, C dies. Here the contract;
 Becomes void on C's death
 Should be performed by A and B along with C's legal representatives
 Should be performed by A and B alone
 Should be renewed between A, B and D

15. Consideration in a contract

 may be past ,present or future,
 may be present or future only.
 must be present only.
 must be future only.
16. Ordinary damages are damages which
 arise in the usual course of things from the breach
 which are in the contemplation of the parties at the time when the
contract is made
 are agreed in advance
 are given by way of punishment for breach of contract.

17. A contract is
 a legal obligation
 an agreement plus a legal obligation
 consensus ad idem,
 agreement plus a legal object.

18. In a sale, the property in goods

 is transferred to the buyer
 is yet to be transferred to the buyer
 may be transferred at a future time
 is transferred when goods are delivered to the buyer
 is transferred when the buyer pays the price

19. A wagering agreement is
 forbidden by law,
 immoral,
 opposed to public policy
 None of the above.

20. In a sale, if the goods are destroyed, the loss falls on

 the buyer
  the seller
 partly on buyer and partly on seller
 the seller if price has not been paid
 By the buyer.

21. Which network marketing company sells with the slogan - Better Ideas- Better
Life
a) Amway
b) SkyBiz
c) HLL
d) Nirma

22. Power is the name of oil from which of the following Oil giants?

a) IOCL
b) HP
c) BPCL
d) Shell

23. Which among the following is a direct tax?

[A] Excise Duty
[B] Sales Tax
[C] VAT
[D] Income Tax

24. Julian Assange founded WikiLeaks in 2006. He is _____ by nationality.

(A) Australian
(B) British
(C) Russian
25. There are _____ states in the United States.
(A) 40
(B) 45
(C) 50

26. Balance scorecard was designed by

a. Robert Kaplan
b. David Norton
c. Both a & b
d. All

27. ______ is a factor, which is forcing the business organizations to reconsider

their laisser-faire attitudes to training.
a. National competition
b. International competition
c. Global competition
d. All of the above

28. _____ helps to improve the communication skills of the employees and
develops them a good listeners
a. Team development
b. Sensitivity training
c. OD exercises
d. All of the above
29. Base pay can be expressed on
a. Annual basic
b. Weekly basis
c. Hourly rate
d. All of the above

30. Collective bargaining is a form of _______

a. Participation
b. Agreement
c. Contract
d. Negotiation

31. Which of these is the main purpose of employee assessment?

a. Making correct decisions
b. To effect promotions based on competence and performance
c. Establish job expectations
d. None of the above

32. Rearrange the steps in appraisal process.

A. Objectives of performance appraisal
B. Establish job expectations
C. Design in appraisal programme
D. Performance Management
E. Appraise performance
F. Performance interview
G. Archive appraisal data
H. Use appraisal data for appropriate purposes
a. DCHGFABE
b. HGFEDBCA
c. ABCFGHDE
d. ABCDEFGH

33. When appraisals are made by superiors, peers, subordinates and clients then
it is called ____.
a. 360 degree feedback
b. 180 degree feedback
c. Self - appraisal
d. None of the above

34. Which company first developed the 360 degree system of appraisal?

a. Wipro in 1990

b. Godrej Soaps in 1991

c. General Electric, US in 1992

d. None of the above

35. Which is the simplest and most popular technique for appraising employee performance?

a. Rating Scales
b. Critical Incident

c. Cost accounting

d. BARS