Tag: commerce

Questions Related to commerce

Which of the following is referred to as 'Deferred Payment System?"

income tax direct taxes commerce black money and tax evasion meaning of tax

  1. Hire-purchase

  2. Instalment selling

  3. Co-operative retailing

  4. Mail order retailing

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Correct Option: B

The operating leverage is related to

income tax direct taxes commerce black money and tax evasion meaning of tax

  1. Variable costs

  2. Average costs

  3. Total costs

  4. Fixed costs

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Correct Option: D

The Pandyan kings assembled literary assemblies called as Sangam.

commerce historical background of commerce in the sub-continent commerce and modern civilization history of commerce in india hindrances of commerce

  1. True

  2. False

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Correct Option: A

The capital Madurai and the port city Korkai were the great centres of trade and commerce during the Pandyas reign.

commerce historical background of commerce in the sub-continent commerce and modern civilization history of commerce in india hindrances of commerce

  1. True

  2. False

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Correct Option: A

Kautilya's 'Arthashastra' describes how these functions the field of economics was performed in Mauryan time.

commerce historical background of commerce in the sub-continent commerce and modern civilization history of commerce in india hindrances of commerce

  1. True

  2. False

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Correct Option: A

The concept of wealth as held by Kautilya was very wide in its scope. To him, wealth included _____________.

commerce historical background of commerce in the sub-continent commerce and modern civilization history of commerce in india hindrances of commerce

  1. commodity

  2. money

  3. the acquired wealth

  4. all of the above

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Correct Option: D

Which of these are not opposed to Public Policy?

commerce discharge and breach of a contract discharge of contract performance, discharge, breach and remedies of contract business law and contract act

  1. Champerty & Maintenance

  2. Agreements in restraint of parental rights

  3. Agreements in restraint of marriage

  4. Agreements to refer disputes to arbitration

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Correct Option: D

A contractors to sell his car to B for Rs. 4,00,000 and B agrees to pay on delivery. Once the car is delivered to B and B pays Rs. 4,00,000, contract comes to an end. This is called __________

commerce discharge and breach of a contract discharge of contract performance, discharge, breach and remedies of contract business law and contract act

  1. waiver of a Contract

  2. breach of a Contract

  3. rescission of a Contract

  4. discharge of a Contract

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Correct Option: D

When an inferior right accruing to a party in a contract merges into a superior right accruing to the same party, then________.

commerce discharge and breach of a contract discharge of contract performance, discharge, breach and remedies of contract business law and contract act

  1. the contract conferring the inferior right is discharged

  2. the contract conferring the superior right is discharged

  3. both contracts are discharged

  4. both contracts are not discharged

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Correct Option: A

A holds a house on lease. After that he buys the house and became owner. the contract is discharged by __________ .

commerce discharge and breach of a contract discharge of contract performance, discharge, breach and remedies of contract business law and contract act

  1. rescission

  2. merger

  3. waiver

  4. remission

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Correct Option: B