International Commercial Law

Question
Agreement with minor

Consideration
Contract
Proposal accepted
Correct Answer
Voidable agreement
Cash or kind
Legal obligation
Promise
Multiple Choice Multiple Answer

Question
The London court of International Arbitration includes any question regarding its
Correct Answer
Existance , Validity , Termination
Question
The Institute Cargo clauses B covers the loss of or damage to the subject - matter insured
reasonably attributed to
Correct Answer
Fire or explosion , Discharge of cargo at a port of distress , Earthquake, volcanic eruption
or lightening
Select The Blank
Question
An implied contract is one which is inferred from the ________ of the parties.
Correct Answer
Conduct
Multiple Choice Single Answer
Question
If there is a possibility possibility of rising market price during the transit of the goods,
the assured has who has covered the goods under an ordinery policy can obtain a so called
Correct Answer
Increased value policy
Question
Where the subject - matter is insured from one point to another isa
Correct Answer
Voyage policy

Question
If the carriage of goods by sea are carried in bulk, e.g. coal, oil, grain, the shipper may
hise a whole vessel i.e.
Correct Answer
charter party
Question
The trading Invoice should state the
Correct Answer
Name and addresses of seller and buyer
Select The Blank
Question
In legal phraseology there is no privity of ________ between customer and manufacturer
Correct Answer
Contract
Select The Blank
Question
The________ expoter has no locas standi under GATT
Correct Answer
Individual
Match The Following
Question
Correct Answer
The most important institution for the====
arbitral settlement of International trade disputes
The ICC court
The administrative and financial regulations ===

ICSID
European Arbitration====
Sponsored by the UN economic commission
The London court of International arbitration==Sponsored by Chartered Insitute of
Arbitration
Question
Inventions that are not patentable are
Correct Answer
Invention which is frivolous , Any plan or scheme , The mere discovery of a new
property

Question
When a general average act occures the three interest are at risk
Correct Answer
The ship , The cargo , The frieght
Select The Blank
Question
The assured can insure a consignment of goods from Pune to Birmingham provided these
place are________in the marine policy as the commencement and destination of the
transit
Correct Answer
Named
Question
The marine insurance policy or the marine insurance certificate forms a part of the
Correct Answer
Shipping Document
Select The Blank
Question
Contracts created by law are called ________.
Correct Answer
Quasi contract
Select The Blank
Question
India is a signatory and indeed a ________ member of GATT
Correct Answer
Founder
Question
The copy right is
Correct Answer
Incorporal property
Select The Blank
Question
The expression stale bill of lading is used in ________ practice
Correct Answer
banking
True/False
Question
Invented words, coined words, fancy words are all synonymous terms.
Correct Answer
True
Question
The legal principle that the Bank is entitled ro reject documents which do not strictly
confirm with the terms of the credit is the
Correct Answer
Doctrine of strict compliance
Select The Blank
Question
The burden of proof for recovery under the insurance is that of the ________
Correct Answer
Assured
Select The Blank
Question
The marine insurance covers all riskof loss or damage to the subject - matter insured
except ________clauses
Correct Answer
Exclusion clauses
Question
The international carriage of goods is to a large extent, still conducted on the basis of
paper work by using
Correct Answer
transport documents
True/False
Question
A patentee or his licensee is not granted exclusive right to exploit the invention
Correct Answer
False
True/False
Question
The arbitrator , like a judge, has power to order the inspection of the object in dispute.
Correct Answer
True
Question
The single most important document in International Trade and forms the very basis of a
large volume in international trade is
Correct Answer
L/C
True/False
Question
Ii is in the public interest to encourage the marketing of the products having defects that
can be sold in lower price to the public.
Correct Answer
False
Select The Blank
Question
It would be infringed by making a ________ copy of the topographical arrengement.
Correct Answer
facsimile
Question
Paries convention lay down the basic principle governing protection of
Correct Answer
Patents , Trademarks , Industrial design
Question
A general average act has to satify the followling requirements. It must be
Correct Answer
In time of peril , An extraordinary sacrifice or expenditure , Purposely resorted to
Question
Paris convention is applicable to industrial property
Correct Answer
Inventions , Trade marks , Service marks
Question
The insured value specified in the policy is the
Correct Answer
Agreed Value
True/False
Question
Time policies may cover a fixed priod of twelve months on the continuation clause
Correct Answer
False
Question
The letter of cradit should state which of the methods have been chosen by the parties
namely,
Correct Answer
Payment at sight , Deferred payment , Acceptance or negotiance
Question
There ia absence of free consent if the agreement is induced by
Correct Answer
Coercion , Undue influence , Misrepresentation
True/False
Question
In the United States, most commercial arbitration are governed by the United States
Arbitration Act
Correct Answer
True
True/False
Question
Arbitration has a contract and non judicial element.
Correct Answer
False
Question
The goodwill between a trader and his customer, which the marks helps to sustain is
protected by the
Correct Answer
Common Law
Question
The contractual nature of arbituration determines questions , which are not free
from controversy . The question are
Correct Answer
Whether arbitration himself can decide conclusively , whether it the arbitration
clause is contained in the original contract , whether the arbitation clause itself is
under cloud
Question
A reputed automobile manufacturer advertised that their cars have a shatter proof glass
windowshields. These windowshields were supposed to eliminate the dangers of flying
glass. A customer of such car while driving car was hit by a pebble which shattered the
windowshield injuring his eyes. The court awarded the decision in the favour of
Correct Answer
Customer
Question
Products liability law is full of mixtures . It is mixture of
Correct Answer
Tort law , Contract law , Consumer protection law
True/False
Question
The law of products liability governs the public litigation of product accidents
Correct Answer
False
True/False
Question
Purchasers cannot try out drugs to determine whether they kill or cure
Correct Answer
True
True/False
Question
The principles relating to the ordinary letters of credit dosen't apply to standby credits
Correct Answer
False
Question
In a few exceptional cases the assured is barred from recovering the overpaid portions of
the premium
Correct Answer
If the double insurance was effected by the aassured knowingly , If a claim has been paid
for the full sum insured , if the policies were effected at different times
Select The Blank
Question
If the carrier or his agent negligently misdates the bill, the carrier as principal is liable
in________
Correct Answer
damages
Question
The copy right is
Correct Answer
Incorporal property
Select The Blank
Question
Correct Answer
Conduct
Select The Blank
Question
The clause Arrival means that the seller has to cause delivery to be madeto the buyer
from the ________
Correct Answer
Ship
Question
The correct dating of the bill of lading is a important matter. It is material in three legal
relationships
Correct Answer
In the content of carriage , In the contract of sale , In relation to the banks under a letter
of credit
Select The Blank
Question
Correct Answer
Founder
Question
Correct Answer
Select The Blank
Question
Correct Answer
Assured
Question
A contract may be frustrated because subsequent to the conclusion the govt. has
prohibited its performance are
Correct Answer
By place an embargo on the exportation of the goods sold , By place an embargo on the
Importation of the goods sold , By the imposition of restructive regulation regardng
Licenses and quota
Select The Blank
Question
The invoice ________is to be stated as the terms of the contract
Correct Answer
Price
Select The Blank
Question
Copyright protects the ________ of an idea rather than the idea itself.
Correct Answer
expression
Question
The Slip is lodged at
Correct Answer
Insurance company
True/False
Question
The open cover may be limited in time while the floating policy is normally limited to
twelve months
Correct Answer
True
Question
Legal status of protection of trade mark can be acquired either by
Correct Answer
Prolonged use of trade mark by registration
True/False
Question
Correct Answer
True
Question
Correct Answer
Select The Blank
Question
Correct Answer
Contract
True/False
Question
The defination of patent includes mere discovery of a scientific principle
Correct Answer
False
True/False
Question
The buyer is entitled to refuse the acceptance of the goods if they are packed in
accordance of his instructions
Correct Answer
False
Question
Correct Answer
L/C
Select The Blank

Question
The container leasing contract providees that the lessee has to pay ________if he retains
the container beyond stipulated time
Correct Answer
Liquidated damages
True/False
Question
Correct Answer
False
Question
Correct Answer
Question
Following are not registerable under the Emblems and Names (Prevention of improper
use ) Act, 1950.
Correct Answer
Mahatma Gandhi , Pandit Nehru , Shivaji Maharaj
Question
The most frequent method of payment for goods is the export trade is
Correct Answer
Letter of credit
Question
The contractual nature of arbituration determines questions , which are not free from
controversy . The question are
Correct Answer
Whether arbitration himself can decide conclusively , whether it the arbitration clause is
contained in the original contract , whether the arbitation clause itself is under cloud

Question
Correct Answer
Question
Where payment under a letter of credit is arranged, the stages can normally be
distinguished
Correct Answer
The exporter and the overseas buyer agree in the contract of sale that payment shall be
made under a letter of credit , The overseas buyer instructs a bank at his place of business
to open a letter of credit , The advising bank informs the exporter that it will negotiate,
his draft upon delivery of the transport document
Question
The Hague - Visby Ruleshold the carrier liable if he acts
Correct Answer
Negligently
Match The Following
Question
Correct Answer
Stating that the credit is divisible or that it is unrestricted for negotiation = Transferable
credit
Letter of credit
Paper transaction
Undertaking by a bank to make payment to a third party
A stand by letter of credit
Convenient method of finance for the small exporter
Packing credit
Question
A contract in which the parties agree that a false invoice be isued is
Correct Answer
Unenforceable by Law
Question
Actual total loss occures
Correct Answer
Where the subject matter is destroyed , Where the assured has been irretrievably deprived
thereof , Where the subjectmatter has been so damaged that is has loss is commercial
identity
True/False
Question
The expression literary work covers work which is expressed in print or writing
irrespective of whether the quality or styal is high
Correct Answer
True
True/False
Question
In the case of a confirmed credit, the engagement of the advising bank to the beneficiary
is not stated in the letter of advise.
Correct Answer
False
Question
Industrial design is design elements in
Correct Answer
Industrial produced articles
True/False
Question
In the socialist countries arbitration tribunals are constituted for dealing with commercial
disputes
Correct Answer
True
Select The Blank
Question
Correct Answer
Exclusion clauses
Select The Blank

Question
Under f.o.b contract the cost of loading is usually included in the ________charges which
are to paid by the buyer
Correct Answer
Freight
True/False
Question
Arbitration is the most convenient machinery to settle the dispute.
Correct Answer
True
Select The Blank
Question
The shipper is entitled to demand that the bill of lading should be________ correctly
Correct Answer
dated
Question
The consumer's main concern is in the
Correct Answer
Quality of what they are buying
True/False
Question
The floating policy is not a time policy but the aggregation of voyage policies
Correct Answer
True
Question
NewZealan prohibits and restricts certain types of paking like
Correct Answer
The use of hay , The use of chaff , The use of rice husk
Question
Other documents inluded in the shipping documents are
Correct Answer
Certificate of origin , Certificate of quality , Certificate of inspection
True/False
Question
Correct Answer
False
Question
the premium
Correct Answer
Match The Following
Question
Correct Answer
India is a signatory and indeed a founder member

World Trade Organisation
Intellectual Property Rights Agreement (TRIPS)_
Duration of 20 years for patents
GATT
Member India
India, a party
TRIPS agreemnt

Question
Correct Answer
Select The Blank

Question The clause Arrival means that the seller has to cause delivery to be madeto the
buyer from the ________
Correct Answer Ship

Question The court of Arbitration does not itself disputes but if the parties have not
agreed on the arbitrator (s) , the court appoints
Correct Answer An arbitrator
Select The Blank
Question Under f.o.b contract the cost of loading is usually included in the
________charges which are to paid by the buyer
Correct Answer Freight
Question If the carriage of goods by sea are individual pakages, they are carried under
Correct Answer bill of lading
Question The most frequent method of payment for goods is the export trade is
Correct Answer Letter of credit
Question The ICC Court of Arbitration is not a governmental institution but is created
by the
Correct Answer International Chamber of Commerce
Select The Blank
Question The shipper is entitled to demand that the bill of lading should be________
correctly
Correct Answer dated
Question If the parties have arranged a payment at sight credit, the advising bank is
instructed to arrange for the payment
Correct Answer to the seller, due on presentation of their documents
Question To avoid anything in the nature of set off or counter claim, a letter of
credit is given by a
Correct Answer Bank to the seller
True/False
Question Arbitration is the most convenient machinery to settle the dispute.

Correct Answer True
Question For sea transport the international convention is
Correct Answer the Hague - Vishy rules relating to bill of lading
Question The London court of Inernational Arbitration is a tripartite organization
sponsored by the
Correct Answer Chartered Insitute of Arbitration , London Chamber of Commerce , The
city of London Corporation
Select The Blank
Question The ICC Court of arbitration its seat at the headquarters of the ICC
in________
Correct Answer Paris
Your Answer Paris
Question The shipping document consist of mainly
Correct Answer A clean bill of lading , Amarine insurance policy , The invoice
Question The Hague - Visby Ruleshold the carrier liable if he acts
Correct Answer Negligently
True/False
Question The frustration occures whenever the Law recognizes that with default of
either party a contractual obligation has become incapable of being performed
Correct Answer True
Select The Blank
Question In some cases, the transaction may not involve a sale. The product may have
been ________ or loaned by the owner
Correct Answer Leased
Question Where payment under a letter of credit is arranged, the stages can normally be
distinguished
Correct Answer The exporter and the overseas buyer agree in the contract of sale that
payment shall be made under a letter of credit , The overseas buyer instructs a bank at his
place of business to open a letter of credit , The advising bank informs the exporter that it
will negotiate, his draft upon delivery of the transport document
Question In stand by letters of credit, the bank may also be instructed to authorise
another bank against the stipulated documents to
Correct Answer Pay bills of exchange , Accept bills of exchange , Negotiate bills of
exchange
Question The law relating to letters of credit is founded on the principle of
Correct Answer The doctrine of strict performance
Question The correct dating of the bill of lading is a important matter. It is material in
three legal relationships
Correct Answer In the content of carriage , In the contract of sale , In relation to the
banks under a letter of credit
Question Land transport (Road), the international convention is
Correct Answer the CMR
True/False
Question In the case of a confirmed credit, the engagement of the advising bank to the
beneficiary is not stated in the letter of advise.
Correct Answer False
Question If the seller requires payment before the deferred payment credit matures, he
can obtain it by
Correct Answer Negotiating the Letter of Credit
True/False
Question Infringement of patent takes place, normally during Industrial or Commercial

activities
Correct Answer True
Select The Blank
Question The invoice ________is to be stated as the terms of the contract
Correct Answer Price
True/False
Question In practice revocable credits are not widely used and irrevocable credits are in
frequent use.
Correct Answer True
Question A contract in which the parties agree that a false invoice be isued is
Correct Answer Unenforceable by Law
Question The plaintiff must have some badge of recognition upon which to found his
Correct Answer Reputation
Question The words copyright derives from the expression
Correct Answer Copy or words
Match The Following
Question
Correct Answer
Member India
India, a party
TRIPS agreemnt
GATT
True/False
Question The two types of contract of carriage by sea is contracts evident by bill of
lading and contracts containing perils
Question Dramatic work includes
Correct Answer work of dance and mine , the scenario for a film , the script for a film
True/False
Question The computer programmes have been included in the ambit of patentability
Select The Blank
Question A ' would be patentee may endanger his own chances by any sort of publicity
________ registration of a patent
Correct Answer Before
True/False
Question The open cover may be limited in time while the floating policy is normally
limited to twelve months
Correct Answer True
Question NewZealan prohibits and restricts certain types of paking like
Correct Answer The use of hay , The use of chaff , The use of rice husk
Question Kinds of bills of lading are
Correct Answer Shipped and received bills , Feright prepaid and freight collect bill ,
clean and claused bill
Question The major alterations proposed by the Hamburg Rules are
Correct Answer Increased maximum limits of liability of the carrier , Exclusion of the
carrier's liability in case of error in nevigation, abolished , Application of the rules to
transport documents
Question Following are not registerable under the Emblems and Names (Prevention of
improper use ) Act, 1950.
Correct Answer Mahatma Gandhi , Pandit Nehru , Shivaji Maharaj
Question Industrial design may be defined as
Correct Answer Features of shape , configuration , Patter and ornament

Question Classification of contracts by it's validity are
Correct Answer Voidable contract , Illegal contract , Unenforceable contract
True/False
Question The buyer is entitled to refuse the acceptance of the goods if they are packed
in accordance of his instructions
True/False
Question In the case o fliterary work like encyclopedia dictionaries, year books etc., i.e.
where there is collective work and output, there is a joint authorship.
Question The novelty of an invention is to be recognized from the angle of
Correct Answer Manner of manufacture
Question The Lioyd's marine policy form is schedule into which the following
information is to be inserted
Correct Answer The policy number , The subjectmatter insured , The amount insured
Question
The Indian Court have summed up the following ingredients or elements
to settle the Questions of similarity of two marks.
Correct Answer
Overall construction , Phonetic Similarity , The overall similarity
Question
Correct Answer
Question
Classification of contracts by it's validity are
Correct Answer
Voidable contract , Illegal contract , Unenforceable contract

Question
The very purpose of a mark is to
Correct Answer
Distinguish the goods of service from another
True/False
Question
Once registered with WIPO, a Trade Mark is protected in each member
country
Correct Answer
True
Question
Correct Answer
Select The Blank
Question
In legal phraseology there is no privity of ________ between customer
and manufacturer
Correct Answer
Contract
True/False
Question
The frustration occures whenever the Law recognizes that with default of
Correct Answer
True
True/False
Question
If certain occures which are beyond their control such clauses are known
as force Majeure Clauss
Correct Answer
True
True/False
Question
Once there is non disclouser, be it fraudulent negligient or innocent, the
aggrieved paryt is entitled to elect whether he would avoid or affirm the contract
Correct Answer
True
Question
The legal principle that the Bank is entitled ro reject documents which do
not strictly confirm with the terms of the credit is the
Correct Answer
True/False
Question
Correct Answer
True
Question
Correct Answer
Letter of credit
Question
The customer and manufacture has no
Correct Answer
Privity of Contract
Question
Correct Answer
Question
In a contrat between A, B Of Bombay and Banglore respectively it may be
provided that all dispute between them should be decided by a court in Bombay.
Therefore in case B files a suit in Banglore, A may Sucessfully objected to the
Correct Answer
Juridication of courts in Banglore
Select The Blank
Question
Correct Answer
Price
True/False
Question
The buyer is entitled to refuse the acceptance of the goods if they are
packed in accordance of his instructions
Correct Answer
False
Select The Blank
Question
In some cases, the transaction may not involve a sale. The product may
have been ________ or loaned by the owner
Correct Answer
Leased

Question
The following may not be treated as invented words.
Correct Answer
Misspelling , Compounding of existing descriptive word , Words
framed by mere addition of adjective prefixes or suffixes
Match The Following
Question
Correct Answer
Your Answer
The most important institution for the arbitral settlement of International trade disputes
The ICC court The ICC court
The administrative and financial regulations
ICSID ICSID
European Arbitration Sponsored by the UN economic commission Sponsored by the UN

economic commission
The London court of International arbitration
Sponsored by Chartered Insitute of
Arbitration
Sponsored by Chartered Insitute of Arbitration
True/False
Question
Correct Answer
True
Question
The single most important document in International Trade and forms the
very basis of a large volume in international trade is
Correct Answer
L/C
Match The Following
Question
Correct Answer
Your Answer
Application for Registration of Trademarks office of Trademark Registry Procedure for

registration of trade mark
Purpose of mark
Distinguish the goods of one trader from those of another
Application for registration under the Trademark Act, 1999 Trademark
application
Registration of Trademarks
Single application
Single
office of Trademark Registry

Question
In stand by letters of credit, the bank may also be instructed to authorise
Correct Answer
Pay bills of exchange , Accept bills of exchange , Negotiate bills of
exchange
Question
The law relating to letters of credit is founded on the principle of
Correct Answer
The doctrine of strict performance
Select The Blank
Question
A ' would be patentee may endanger his own chances by any sort of
publicity ________ registration of a patent
Correct Answer
Before
Question
The shipping document consist of mainly
Correct Answer
A clean bill of lading , Amarine insurance policy , The invoice
Select The Blank
Question
Correct Answer
Individual
Question
Following word marks other than surnames are registerable. They are
Correct Answer
Personal names , Geographical names , Names of sect
Question
The law of product safety is
Correct Answer
Regulatory law
Select The Blank
Question
The marine insurance covers all riskof loss or damage to the subject matter insured except ________clauses
Correct Answer
Exclusion clauses
Select The Blank

Question
The rights of the copyright ________ may be roughly classified into
reproduction rights and performing rights.
Correct Answer
owner
Question
The following attracts copyright once the choice and arrangement of
source material is more than mimimal,I.e a piece of
Correct Answer
Historical writing , A new report , A selection of poetry
Question
Arbitration under the Rules of ICC is open to
Correct Answer
Members and non members
Select The Blank
Question
The impact of appeal to the consumers has been the________of the sales
Correct Answer
Black bone
True/False
Question
The open cover may be limited in time while the floating policy is
normally limited to twelve months
Correct Answer
True
Select The Blank
Question
The unpaid seller has also a ________ interest in them untill the buyer
is deemed to have accepted the goods
Correct Answer
Defensible
Question
Dramatic work includes
Correct Answer
work of dance and mine , the scenario for a film , the script for a
film
Select The Blank
Question
The ICC Court of arbitration its seat at the headquarters of the ICC
in________
Correct Answer
Paris
Select The Blank

Question
An issue of bill of lading who deliberately backdates it in order to
bring it within the shipment time in the credit, acts ________
Correct Answer
frandulently
Select The Blank
Question
The ________ of the product concept is the first and in many ways most
important safety functions of manufacturers.
Correct Answer
Formulation
Question
The marine insurance policy or the marine insurance certificate forms a
part of the
Correct Answer
Shipping Document
Question
The rights which enable the proprietory of the trade mark to the exclusive
use of that trade mark in relation to the goods for which it is registered is
Correct Answer
Statutory rights
Question
Correct Answer
True/False
Question
Product liability and product safety are the phrases used to describe the
law concerning product-related accidents and illness
Correct Answer
True
True/False
Question
In the case of joint authorship, the term of copyright is in relation to the
author who dies first
Correct Answer
False
Select The Blank
Question
The burden of proof for recovery under the insurance is that of the
________
Correct Answer
Assured

Question
An administrative commission for concilliation is constituted at the ICC
and for each dispute a conciliation committee of three members is set up by the
Correct Answer
President of ICC
Question
The broker wright the essentials of the proposed insurance in cuetomery
abbreviationson a document called
Correct Answer
The Slip
Select The Blank
Question
In legal phraseology there is no privity of ________ between customer
and manufacturer
Correct Answer
Contract
True/False
Question
The law of products liability governs the public litigation of product
accidents
Correct Answer
False
Question
The contractual nature of arbituration determines Questions , which are
not free from controversy . The Question are
Correct Answer
Whether arbitration himself can decide conclusively , whether it
the arbitration clause is contained in the original contract , whether the arbitation clause
itself is under cloud
Question
Correct Answer
Question
In stand by letters of credit, the bank may also be instructed to authorise
Correct Answer
Pay bills of exchange , Accept bills of exchange , Negotiate bills of
exchange
Select The Blank
Question
It would be infringed by making a ________ copy of the topographical
arrengement.
Correct Answer
facsimile
Question
Apolicy which specifies the agreed value of the subject mateer insured
Correct Answer
A valued policy
Question
Correct Answer
Certificate of origin , Certificate of quality , Certificate of
inspection
True/False
Question
Infringement of patent takes place, normally during Industrial or
Commercial activities
Correct Answer
True
True/False
Question
In the case o fliterary work like encyclopedia dictionaries, year books etc.,
i.e. where there is collective work and output, there is a joint authorship.
Correct Answer
False
Question
Correct Answer
Voyage policy
Question
The container is normally shipped under an ordinary
Correct Answer
Shipped bill of lading
Question
Correct Answer
Unenforceable contract , Voidable contract , Illegal contract
Question
Correct Answer
Letter of credit

Question
Correct Answer
L/C
Select The Blank
Question
________ has no eastablished status in Law but are admissible in
evidence against the seller if litigation ensues between him and buyer
Correct Answer
Letters of Insurance
Question
If the carriage of goods by sea are carried in bulk, e.g. coal, oil, grain, the
shipper may hise a whole vessel i.e.
Correct Answer
charter party
Question
Correct Answer
Question
Correct Answer
Question
Correct Answer
film
Question
The letter of cradit should state which of the methods have been chosen by
the parties namely,
Correct Answer
Select The Blank
Question
An issue of bill of lading who deliberately backdates it in order to bring it
within the shipment time in the credit, acts ________
Correct Answer
frandulently
Select The Blank
Question
The Arbitrations and Conciliation Act, 1996 was enacted taking into
account the model law and Rules recommended by United Nation for efficient ________
of disputed arising in international commercial relation
Correct Answer
Settlement
Question
The work under the copyright Act should be
Correct Answer
originated from the author
Question
The marine insurance policy or the marine insurance certificate forms a
part of the
Correct Answer
Shipping Document
Match The Following
Question
Correct Answer
The manufacturing process
Your Answer
Quality control
Quality control
Important issue of vertical privity is Who can be sued

Sales talk
Opinion
The marketing process
maticulous precautions
An automobile or high speed machinery

sued
Who can be

Question
Correct Answer
In time of peril , An extraordinary sacrifice or expenditure ,
Purposely resorted to
True/False
Question
The arbitrator , like a judge, has power to order the inspection of the object
in dispute.
Correct Answer
True
True/False
Question
Ii is in the public interest to encourage the marketing of the products
having defects that can be sold in lower price to the public.
Correct Answer
False
True/False
Question
The expression literary work covers work which is expressed in print or
writing irrespective of whether the quality or styal is high
Correct Answer
True
Question
If the carriage of goods by sea are individual pakages, they are carried
under
Correct Answer
bill of lading
Question
It is essential that a patentable invention must possess
Correct Answer
Utility
Question
Correct Answer
Regulatory law
Select The Blank
Question
A ' would be patentee may endanger his own chances by any sort of
Correct Answer
Before
Question
Correct Answer
True/False
Question
The two types of contract of carriage by sea is contracts evident by bill of
Correct Answer
False
Select The Blank

Question
The container leasing contract providees that the lessee has to pay
________if he retains the container beyond stipulated time
Correct Answer
Liquidated damages

Question
Translation , editorial work involves
Correct Answer
Ammendments , Explanation , Compilation
Question
The novelty of an invention is to be recognized from the angle of
Correct Answer
Manner of manufacture
Question
Correct Answer
A clean bill of lading , Amarine insurance policy , The invoice
Question
Correct Answer
True/False
Question
Correct Answer
False
Match The Following
Question
Correct Answer
Your Answer

GATT GATT
Member India WTO

India, a party Member India
TRIPS agreemnt
TRIPS agreemnt
True/False
Question
Where a cargo is a tender in such a manner as to put an ordinary careful
insurer on inquriy and he fails to inquire a waiver may be assumed
Correct Answer
True

Question If the carriage of goods by sea are carried in bulk, e.g. coal, oil,
grain, the shipper may hise a whole vessel i.e.
Correct Answer charter party
Question A retardation is the machinary to settle the dispute in most
Correct Answer Convient manner , Speedist manner , cheaper manner
Select The Blank
Question The expression stale bill of lading is used in ________ practice
Correct Answer banking
True/False
Question In the case of a confirmed credit, the engagement of the advising
bank to the beneficiary is not stated in the letter of advise.
True/False
Question In practice revocable credits are not widely used and irrevocable
credits are in frequent use.
Correct Answer True
Select The Blank
Question Broadcasting is considered to be ________ by wireless telegraphy
capable of being lawfully received by members of pubilc.
Correct Answer transmission
Match The Following
Question Correct Answer Your Answer
Legalprotection of
computer software
Trade secreat system Computer work
Expressionof thought Original work Original work
Not entitled for copyright
protection
A mere idea A mere idea
Novels, drama, poetry Literary work Literary work
Select The Blank
Question An implied contract is one which is inferred from the ________ of
the parties.
Correct Answer Conduct
True/False
Question A patentee or his licensee is not granted exclusive right to exploit
the invention
Question The cost of marine insurance shall be borne by the seller or by the
buyer normally provided by the
Correct Answer Terms of the contract of sale
Select The Blank
Question The assured can insure a consignment of goods from Pune to
Birmingham provided these place are________in the marine policy
as the commencement and destination of the transit
Correct Answer Named
True/False
Question Arbitration has a contract and non judicial element.
Select The Blank
Question The shipper is entitled to demand that the bill of lading should
be________ correctly
True/False
Question The expression literary work covers work which is expressed in
print or writing irrespective of whether the quality or styal is high
Correct Answer True
Question The Slip is lodged at
Correct Answer Insurance company
True/False
Question The arbitrator as a private judge may not be absolutely impartial.
Question One of the parties to the marine insurance is Known as
Correct Answer Assured
True/False
Question In the case o fliterary work like encyclopedia dictionaries, year
books etc., i.e. where there is collective work and output, there is a
joint authorship.

Question The Society Lloyd's has members like
Correct Answer Underwriting
Question The work under the copyright Act should be
Correct Answer originated from the author
Select The Blank
Question Contracts created by law are called ________.
Correct Answer Quasi contract
Question The root requirement in creating the work is
Correct Answer sufficient skill, fudgement and labour , selection indgement and
experience , selection labour, skill and capital
Question The letter of cradit should state which of the methods have been
chosen by the parties namely,
Correct Answer Acceptance or negotiance , Payment at sight , Deferred payment
Question If the goods are sold on the c.i.f.terms, the duty to take out the
policy and pay the cost of insurance is of
Correct Answer Seller
Question The exclusion clauses covers
Correct Answer War exclusion clause , Strike exclusion , Loss or damage caused by
any terrorist
True/False
Question The principles relating to the ordinary letters of credit dosen't apply
to standby credits
Question If the parties have arranged a payment at sight credit, the advising
bank is instructed to arrange for the payment
Question Patent once granted for an invention is an intellectual property
which remains in force for a
Correct Answer Specific period of time

Question Following conventions establish international filing system
Correct Answer European Patent Convention , Patet Cooperation Treaty , Madrid
Agreement for Trade Mark
True/False
Question Under through Bills of Lading Covering on Carriage by air, the air
consignment is a document of title but bill of lading is not.
Select The Blank
Select The Blank
Question Copyright protects the ________ of an idea rather than the idea
itself.
Correct Answer expression
True/False
Question If the document is merely a receipt, the Hague-Vishy Rules apply.
Select The Blank
Question The commercial aims of the parties to the copntract are defeated
not by their fault but by force of ________circumstrances
Correct Answer Supervening
Question If the seller requires payment before the deferred payment credit
matures, he can obtain it by
Select The Blank
Question The clause Arrival means that the seller has to cause delivery to be
madeto the buyer from the ________
Correct Answer Ship
True/False
Question Arbitration in the socialist countries are similar in some respects
from that in the countries of free economy
Question Paries to an agreement may restrict the the right of either party to
issuing
Correct Answer Particular court
Question Where payment under a letter of credit is arranged, the stages can
normally be distinguished
Correct Answer The exporter and the overseas buyer agree in the contract of sale
that payment shall be made under a letter of credit , The overseas
buyer instructs a bank at his place of business to open a letter of
credit , The advising bank informs the exporter that it will
negotiate, his draft upon delivery of the transport document

Question To avoid anything in the nature of set off or counter claim, a letter
of credit is given by a
Select The Blank
Question If the carrier or his agent negligently misdates the bill, the carrier
as principal is liable in________
Correct Answer damages
Question The UNCITRAL Conciliation Rules, like the Arbitration Rules, apply
only of the parties have
Correct Answer Adopted them
Match The Following
India is a signatory and
indeed a founder member
GATT GATT
World Trade Organisation Member India WTO
Intellectual Property Rights
Agreement (TRIPS)_
India, a party TRIPS agreemnt
Duration of 20 years for
patents
TRIPS agreemnt Paris Convention
Question Industrial design is design elements in
Correct Answer Industrial produced articles

Question If no request for conciliation is made or the conciliation fails, the
dispute proceeds to
Correct Answer Arbitration
Question Literary work also covers secondary work on existing sources
provided that it in turn involves literary
Correct Answer Skill , Labour , Judgement
Question If the carriage of goods by sea are carried in bulk, e.g. coal, oil, grain, the
Question A retardation is the machinary to settle the dispute in
most
Select The Blank
True/False
True/False
Question In practice revocable credits are not widely used and
irrevocable credits are in frequent use.
Correct
Answer
True
Select The Blank
Question Broadcasting is considered to be ________ by wireless
telegraphy capable of being lawfully received by members
of pubilc.
Match The Following
Legalprotection of
computer software
Not entitled for
copyright protection
Select The Blank
Question An implied contract is one which is inferred from the
________ of the parties.
True/False
Question A patentee or his licensee is not granted exclusive right to
exploit the invention
Question The cost of marine insurance shall be borne by the seller or by the buyer
normally provided by the
Select The Blank
Question The assured can insure a consignment of goods from Pune
to Birmingham provided these place are________in the marine policy as the
commencement and destination of the transit
True/False
Select The Blank
Question The shipper is entitled to demand that the bill of lading
should be________ correctly
Correct
Answer
dated
True/False
Question The expression literary work covers work which is
expressed in print or writing irrespective of whether the
quality or styal is high
Correct
Answer
True
Correct
Answer
Insurance company
True/False
Question The arbitrator as a private judge may not be absolutely
impartial.
True/False
Question In the case of literary work like encyclopedia dictionaries, year books etc., i.e.
Select The Blank
Question The letter of cradit should state which of the methods
have been chosen by the parties namely,
Correct Answer Payment at sight , Deferred payment , Acceptance or
negotiance

Question If the goods are sold on the c.i.f.terms, the duty to take
out the policy and pay the cost of insurance is of
Correct Answer War exclusion clause , Strike exclusion , Loss or damage
caused by any terrorist
True/False
Question The principles relating to the ordinary letters of credit
dosen't apply to standby credits
Question The correct dating of the bill of lading is a important
matter. It is material in three legal relationships
Correct Answer In the content of carriage , In the contract of sale , In
relation to the banks under a letter of credit
Question If the parties have arranged a payment at sight credit, the
advising bank is instructed to arrange for the payment
Question Patent once granted for an invention is an intellectual
property which remains in force for a
Correct Answer European Patent Convention , Patent Cooperation Treaty ,
Madrid Agreement for Trade Mark
True/False
Question Under through Bills of Lading Covering on Carriage by air,
the air consignment is a document of title but bill of
lading is not.
Select The Blank
Question Under f.o.b contract the cost of loading is usually included
in the ________charges which are to paid by the buyer

Select The Blank
Question Copyright protects the ________ of an idea rather than
the idea itself.
True/False
Question If the document is merely a receipt, the Hague-Vishy
Rules apply.
Select The Blank
Question The commercial aims of the parties to the contract are
defeated not by their fault but by force of ________circumstances
can obtain it by
Select The Blank
Question The clause Arrival means that the seller has to cause delivery to be made to the
Correct Answer Ship
True/False
Question Arbitration in the socialist countries are similar in some
respects from that in the countries of free economy
Question Paries to an agreement may restrict the the right of either party to issuing
Question Where payment under a letter of credit is arranged, the
stages can normally be distinguished
Correct Answer The exporter and the overseas buyer agree in the contract
of sale that payment shall be made under a letter of credit , The overseas buyer instructs a
bank at his place of business to open a letter of credit , The advising bank
informs the exporter that it will negotiate, his draft upon delivery of the transport
document
Question To avoid anything in the nature of set off or counter claim,

a letter of credit is given by a
Select The Blank
Question If the carrier or his agent negligently misdates the bill,
the carrier as principal is liable in________
Question The UNCITRAL Conciliation Rules, like the Arbitration
Rules, apply only of the parties have
Match The Following
India is a signatory
and indeed a founder
member
GATT GATT
World Trade
Organization
Member India WTO
Intellectual Property
Rights Agreement
(TRIPS)_
Duration of 20 years
for patents
Question If no request for conciliation is made or the conciliation
fails, the dispute proceeds to
Question Literary work also covers secondary work on existing
sources provided that it in turn involves literary
Correct Answer
Skill , Labor , Judgment
True/False
Question The floating policy is not a time policy but the aggregation of voyage policies
Correct Answer True
Select The Blank
Select The Blank
Question In legal phraseology there is no privity of ________ between customer and
manufacturer
Correct Answer Contract
Select The Blank
Question The unpaid seller has also a ________ interest in them untill the buyer is
deemed to have accepted the goods
Correct Answer Defensible
True/False
Question Words which do not describe the character or quality of goods are registerable.
Correct Answer True
True/False
Question The seller pays all the charges upto the loading of goods at the address of
buyer
Question Arbitration tribunals have been consituted in
Correct Answer Poland , Czekoslovakia , Hungary
True/False
Select The Blank
Question Copyright protects the ________ of an idea rather than the idea itself.
Question In a contrat between A, B Of Bombay and Banglore respectively it may be
Correct Answer Juridication of courts in Banglore

Question The customer and manufacture has no
Correct Answer Privity of Contract
Question GATT is a multilateral treaty that lays down general rules for the cnduct of
Correct Answer International trade relation
Question The Institute Cargo clauses B covers the loss of or damage to the subject matter insured reasonably attributed to
Correct Answer Fire or explosion , Discharge of cargo at a port of distress , Earthquake,
volcanic eruption or lightening
Select The Blank
Question The burden of proof for recovery under the insurance is that of the ________
True/False
Question Term of Registration and renewal increased from 7 to 10 years.
Correct Answer True
True/False
Question Ii is in the public interest to encourage the marketing of the products having
defects that can be sold in lower price to the public.
Question The trading Invoice should state the
Correct Answer Name and addresses of seller and buyer
Match The Following
Legalprotection of computer software Trade secreat system Trade secreat system
Not entitled for copyright protection A mere idea Computer work

Novels, drama, poetry Literary work A mere idea
Match The Following
The manufacturing process Quality control Quality control
Important issue of vertical privity is Who can be sued Who can be sued
Sales talk Opinion maticulous precautions
An automobile or high speed machinery maticulous precautions The marketing process
can obtain it by
Question The critical point is in the port of shipmentin the traditional forms of export
contracts such as
Correct Answer f.o.b , c.i.f , f.a.s
True/False
Question Scenic effects and costumes are not the subjects of copyright even if they are
artistic
Question Unregistered trade mark can be protected by the action of
Correct Answer Passing off
Question Apolicy which specifies the agreed value of the subject mateer insured
Correct Answer A valued policy
Select The Blank
Select The Blank
Correct Answer Ship
True/False
Question Time policies may cover a fixed priod of twelve months on the continuation
clause
Question Inventions are protected by
Correct Answer Patent
True/False
Select The Blank
correctly
Select The Blank
Select The Blank
Question When the consumer deals with the retailer rather than directly with the
manufacture he establishes a ________ relationship
Correct Answer Contractual
Select The Blank
Question ________ has no eastablished status in Law but are admissible in evidence
against the seller if litigation ensues between him and buyer
Correct Answer Letters of Insurance
Correct Answer War exclusion clause , Strike exclusion , Loss or damage caused by any
terrorist
Select The Blank
Question The rights of the copyright ________ may be roughly classified into
Correct Answer owner
Question The theories of liability may be divided into three groups
Correct Answer Negligence , Misrepresentation, both tortions and by breach of warranty
, Strict liabilty in tort for defective products
True/False
Question Paries convention lay down the basic principle governing protection of
Correct Answer Patents , Trademarks , Industrial design
True/False
Question An electrical terminal for washing meachine was held registrable because a
potential customer may decide to buy it solely for its utility
Question The broker wright the essentials of the proposed insurance in cuetomery
Correct Answer The Slip
True/False
Question
The terms of the contract of sale are conditions and warranties
Correct Answer
False
Your Answer
True
Question
The Indian Court have summed up the following ingredients or elements
to settle the questions of similarity of two marks.
Correct Answer
Overall construction , Phonetic Similarity , The overall similarity
Your Answer
Phonetic Similarity , The overall similarity , Overall construction
Select The Blank
Question
When the consumer deals with the retailer rather than directly with the
Correct Answer
Contractual
Your Answer
Contractual
Question
Device marks which are the property of the government and those which
are prohibited by the statute are not
Correct Answer
Registerable
Your Answer
Registerable
Select The Blank
Question
account the model law and Rules recommended by United Nation for efficient ________
of disputed arising in international commercial relation
Correct Answer
Settlement
Your Answer
Settlement
Question
The polices which covers a period exceeding twelve months on the
continuation clause is a
Correct Answer
Time policy
Your Answer
Time policy
Question
Any loss occuring during the period of insurance coverentitles the assured
to recover
Correct Answer
Insurable interest
Your Answer
Unpaid insurance

Question
The defect in a product may be in the
Correct Answer
Lack of quality , Insufficiency in the instruction for use , Failure to
give adequate warning of a dangerous propensity of the product
Your Answer
Lack of quality , Insufficiency in the instruction for use , Failure to
give adequate warning of a dangerous propensity of the product
Select The Blank
Question
Correct Answer
frandulently
Your Answer
frandulently
Question
Different categories of artistic work are listed in the Act.
Correct Answer
graphic , photograph , sculpture
Your Answer
Question
If an irregularit occures in the conduct of the arbitration, the proceedings
are
Correct Answer
Anullity
Your Answer
Anullity
True/False
Question
Anticipation is the lack of novelty
Correct Answer
True
Your Answer
False
Question
The buyer is entitled to reject the goods if they
Correct Answer
Do not correspond with the sample , Are not of merchantable
quality , Are not in confirmity of thr terms of the contract
Your Answer
Do not correspond with the sample , Are not of merchantable
quality , Are suitable for a particular purpose other then the fixed in the contract
True/False
Question
Product liability and product safety are the phrases used to describe the
law concerning product-related accidents and illness
Correct Answer
True
Your Answer
True
Select The Blank
Question
Commercial invoice is a basic ________in An export transation
Correct Answer
Document
Your Answer
Document

Question
The Paris Convention has
Correct Answer
140 signatories
Your Answer
140 signatories
True/False
Question
The definbation of ' Patent ' does not include An art of process of
manufacture
Correct Answer
False
Your Answer
False
Question
The following provisions are implied by the provisions of law in every
written agreement unless a contarary intension is expressed thirein
Correct Answer
If no other mode of refrence is provided, the reference shall be to a
single arbritrator , If the refrence is to two arbitrators, the reference shall be to a single
arbritrator may appoint an umpire at any time , The award shall be final and binding
Your Answer
If no other mode of refrence is provided, the reference shall be to a
single arbritrator , If the refrence is to two arbitrators, the reference shall be to a single
arbritrator may appoint an umpire at any time , The award shall be final and binding
Question
The following are the typical circumstrance which have been regarded by
Lawas frustrating event
Correct Answer
Destructio of subject matter , Out break of war , Export and import
prohibitions
Your Answer
Destructio of subject matter , Out break of war , Export and import
prohibitions
Question
The exclusion clauses covers
Correct Answer
War exclusion clause , Strike exclusion , Loss or damage caused by
any terrorist
Your Answer
War exclusion clause , Strike exclusion , Loss or damage caused by
any terrorist
True/False
Question
Nobody has the right to represent his goods as the goods of somebody
else.
Correct Answer
True
Your Answer
False
Question
Correct Answer
Your Answer
True/False
Question
Correct Answer
False
Your Answer
False
Question
The theories of liability may be divided into three groups
Correct Answer
Negligence , Misrepresentation, both tortions and by breach of
warranty , Strict liabilty in tort for defective products
Your Answer
Question
Correct Answer
Your Answer
Question
Liability for defective products is based on three principles
Correct Answer
Strict liability , Qualified liability , Fault liability
Your Answer
Strict liability , Qualified liability , Fault liability
Question
Before the arbitrator signs the award, he shall submit it in draft form to the
ICC court of Arbitrator in pairs for
Correct Answer
scrutiny
Your Answer
scrutiny
Select The Blank
Question
________
Correct Answer
Assured
Your Answer
Assured
True/False
Question
Arbitration is close to court proceedings than conciliation.
Correct Answer
True
Your Answer
True
Select The Blank
Question
The ________ of subrogation is different from the Rightof the insurer
on abandonment
Correct Answer
Right
Your Answer
Right

Question
In testing wheather an articles infringes a registered designfor that article,
the normal starting point is the design as
Correct Answer
a whole
Your Answer
a whole
Question
The complaints pertaining to the breach of Public international Lawcan be
made by
Correct Answer
Countries which have acceded to the treaty
Your Answer
Countries which have acceded to the treaty
Question
Correct Answer
Where the subject matter is destroyed , Where the assured has been
irretrievably deprived thereof , Where the subjectmatter has been so damaged that is has
loss is commercial identity
Your Answer
Where the subject matter is destroyed , Where the assured has been
irretrievably deprived thereof , Where the subjectmatter has been so damaged that is has
loss is commercial identity
True/False
Question
In the United States, most commercial arbitration are governed by the
United States Arbitration Act
Correct Answer
True
Your Answer
True
True/False
Question
Term of Registration and renewal increased from 7 to 10 years.
Correct Answer
True
Your Answer
False
Question
The credit which is intended to assist the exporter in the production or
procurement of the goods sold is
Correct Answer
Packing credit
Your Answer
Packing credit
Question
According to universal banking practice, bank, unless instructed to the
contrary, may refuse to accept a charter party bill as good tender under a
Correct Answer
letter of credit
Your Answer
letter of credit
Select The Blank

Question
________total loss occures where the cost of reparing the damage and
forwarding the goods to their destination would exceed their value on arrival
Correct Answer
Constructive total loss
Your Answer
Constructive total loss
Select The Blank
Question
The commercial aims of the parties to the copntract are defeated not by
their fault but by force of ________circumstrances
Correct Answer
Supervening
Your Answer
Supervening
Select The Blank
Question
Correct Answer
owner
Your Answer
owner
Select The Blank
Question
Gatt is an international treaty pertaining to ________ International Law
Correct Answer
Public
Your Answer
Public
Match The Following
Question
Correct Answer
Your Answer
Europen Patent OfficeGermeny
Germeny
The principles of non- discriminationMost favoured Nationsclase of Article 1 of GATT

Most favoured Nationsclase of Article 1 of GATT
Apporach the competent ministry of his countryfor taking up the settlementof dispute
with GATT Idividual expoter
Idividual expoter
Judicial element is largly absent
GATT arbitration
Match The Following

Question
Correct Answer
Your Answer
An art of process of manufacture
Patent Patent
Industrial property
marks
Copyright
Patents, designs and trade marks
Intellectual property Intellectual property
GATT arbitration
Patents, designs and trade
Trade mark
Immitation
Immitation
True/False
Question
The frustrating event must be an event beyond the contract of the parties
Correct Answer
True
Your Answer
False
True/False
Question
The purchaser has no right to inspect the commodity
Correct Answer
False
Your Answer
False
Select The Blank
Question
The remedies for infringement of patent are injunction and ________
Correct Answer
Damages
Your Answer
Damages
Question
Correct Answer
Your Answer
SCDL_PGDIB_SEM_2_ICL_SUMEET_22.08.06_2
True/False
Question
The New York convention represents a progress in the field of
International arbitration as compared to the Geneva provisions
Correct Answer
True
Your Answer
True
Question
The notice by the buyer to the seller to reject the goods should be
Correct Answer
Clear , definit , Not to be cotradicted by an act
Your Answer
definit , Not to be cotradicted by an act , Clear
Select The Blank
Question
Correct Answer
Quasi contract
Your Answer
Quasi contract
Select The Blank
Question
Protection of industrial property is not an end in itself. It is a ________ to
encourage creative activity, industrialisation, investment and honest trade
Correct Answer
Means
Your Answer
Means
Question
Correct Answer
L/C
Your Answer
L/C
Question
The features that are applied to the article must appeal to the
Correct Answer
Eye
Your Answer
Eye
True/False
Question
The computer programmes have been included in the ambit of
patentability
Correct Answer
False
Your Answer
False
Question
Any description of the goods which is made part of the basis of the
bargain creates an
Correct Answer
Express warranty
Your Answer
Express warranty
True/False
Question
Trademark offences to be cognisable offences.
Correct Answer
True
Your Answer
True
Question
The parties sometimes authorise the arbitrator to decide
Correct Answer
ex aequo it bono
Your Answer
ex aequo it bono
Select The Blank
Question
Under delivered free duty paid clause, the seeller pays all the charges up to
the ________ of the goods at the buyer's address
Correct Answer
Delivery
Your Answer
Delivery
Question
Correct Answer
Your Answer


Question
The legal principle that the Bank is entitled ro reject documents which do
Correct Answer
Your Answer
Question
The Institute Cargo clauses B covers the loss of or damage to the subject matter insured reasonably attributed to
Correct Answer
Fire or explosion , Discharge of cargo at a port of distress ,
Earthquake, volcanic eruption or lightening
Your Answer
Match The Following
Question
Correct Answer
Your Answer
Unfair trade Practise The Consumer Protection ActThe Consumer Protection Act
Payment under a letter of credit
Commercial invoice Commercial invoice
Machines and equipments properly greases Before packing

Export package charges
Before packing
Price quatition Invoice

Question
Correct Answer
Your Answer
Question
The buyer should make certain that the notice to reject the goods reaches
the seller, otherwise it is
Correct Answer
Ineffective
Your Answer
Ineffective
Question
The necessary element of a passing off action are
Correct Answer
which is calculated to injure the business , A misrepresentation ,
made by a trade in the course of a trade
Your Answer
A misrepresentation , made by a trade in the course of a trade ,
which is calculated to injure the business

Question
If the parties have arranged a payment at sight credit, the advising bank is
Correct Answer
to the seller, due on presentation of their documents
Your Answer
Question
Parties to the agreement must be
Correct Answer
a major , not disqualified by any law , of sound mind person
Your Answer
a major , not disqualified by any law , of sound mind person
Question
Arbitration tribunals have been consituted in
Correct Answer
Poland , Czekoslovakia , Hungary
Your Answer
Poland , Czekoslovakia , Hungary
True/False
Question
Arbitration in the socialist countries are similar in some respects from that
in the countries of free economy
Correct Answer
False
Your Answer
False
Question
A formal receipt by the ship owner acknowledging that goods alleged to
be of the stated species, quanitity and condition is a
Correct Answer
bill of lading
Your Answer
bill of lading
Question
Industrial design may be defined as
Correct Answer
Features of shape , configuration , Patter and ornament
Your Answer
Features of shape , configuration , Patter and ornament
Select The Blank
Question
Correct Answer
Founder
Your Answer
Founder
Question
If the seller requires payment before the deferred payment credit matures,
he can obtain it by
Correct Answer
Negotiating the Letter of Credit
Your Answer
Question
under
Correct Answer
bill of lading
Your Answer
bill of lading
Question
The exporter may conclude a contract of carriage with a ship owner. The
contract is known as contract of
Correct Answer
carriage by sea
Your Answer
carriage by sea
True/False
Question
The invention must relates to a new and useful manner of manufacture
Correct Answer
True
Your Answer
True
Question
The defination of patent includes an art of process of
Correct Answer
Manufacture
Your Answer
Manufacture
True/False
Question
Correct Answer
False
Your Answer
False
True/False
Question
Correct Answer
True
Your Answer
True
Question
For sea transport the international convention is
Correct Answer
the Hague - Vishy rules relating to bill of lading
Your Answer
the Hague - Vishy rules relating to bill of lading
Select The Blank
Question
When the seller tenders the goods,the buyer is entitled to ________the
goods
Correct Answer
Examine
Your Answer
Examine
Question
In the Soviet Union two international arbitration tribunals exists which
have the jurisdiction over claims arising from contracts of
Correct Answer
Your Answer
carriage of goods by sea , bills of lading , charter parties

carriage of goods by sea , bills of lading , charter parties

Question
Correct Answer
Letter of credit
Your Answer
Letter of credit
Question
Correct Answer
Your Answer
Question
Section 104 deals with penalty for
Correct Answer
selling goods for which false trade mark is applied
Your Answer
selling goods for which false trade mark is applied
Select The Blank
Question
Liability for defective products is based on ________ liability
Correct Answer
Qualified
Your Answer
implied
Question
If the utmost good faith is not observed by the either party of the
contract of Marine insurancemay be
Correct Answer
Avoided by the other party
Your Answer
Select The Blank
Question
If the contract is indivisible and the buyer has accepted part of the goods,
he can no longer________the other part of ther goods
Correct Answer
Reject
Your Answer
Reject
Question
Three fundamental principles by which GATT seeks to achieve its aim f
golobal trade liberalization are
Correct Answer
The principle of non discrimanation , Non Traiff measures , An
eloborate system for the resolution of trade dispute is provided
Your Answer
The principle of non discrimanation , Non Traiff measures , An
eloborate system for the resolution of trade dispute is provided
Select The Blank
Question
If the document is a non-negotiable bill of lading, the________ apply to
the contract of carriage
Correct Answer
Your Answer
Hague - Vishy rules

Hague - Vishy rules

Question
The principle provisions for the liability of ship owners are
Correct Answer
Make the ship seaworthy , Properly man, equip and supply the ship
, Make the holds, refrigerating and cool chambers
Your Answer
Make the ship seaworthy , Properly man, equip and supply the ship
, Make the holds, refrigerating and cool chambers
True/False
Question
Correct Answer
False
Your Answer
False
Select The Blank
Question
The transportation of export goods is now a days frequently carried out
in________
Correct Answer
Container
Your Answer
Container
Match The Following
Question
Correct Answer
Your Answer
Packing credit Packing credit
Stating that the credit is divisible or that it is unrestricted for negotiation

credit Transferable credit
Letter of creditPaper transaction
Transferable
Paper transaction

******************
LIST OF ATTEMPTED QUESTIONS AND ANSWERS
Select The Blank
Question
The ________ of subrogation is different from the Rightof the insurer on
abandonment
Correct Answer
Your Answer
Right
Right

Question
Correct Answer
Negligently
Your Answer
Negligently
Question
Correct Answer
film
Your Answer
film
Question
If the carriage of goods is alone by any one mode of trasportation, the
international transport
Correct Answer
unimodel
Your Answer
unimodel
Question
Neither the carrier nor the ship would be responsible for loss or damage
arising or resulting from
Correct Answer
Act of God , Act of War , Quarantine restriction
Your Answer
Select The Blank
Question
The unpaid seller has also a ________ interest in them untill the buyer is
Correct Answer
Defensible
Your Answer
Defensible
True/False
Question
Correct Answer
True
Your Answer
True
Match The Following
Question
Correct Answer
Your Answer
Stating that the credit is divisible or that it is unrestricted for negotiation

credit Transferable credit
Letter of creditPaper transaction
Transferable
Paper transaction

Packing credit Packing credit

Question
A trade Mark may be any of the following types
Correct Answer
Invented words , Name of company , Dictionary words
Your Answer
Invented words , Name of company , Dictionary words
True/False
Question
Nobody has the right to represent his goods as the goods of somebody
else.
Correct Answer
True
Your Answer
True
Question
Correct Answer
Letter of credit
Your Answer
Letter of credit
Question
An Indian seller of Jute who had sold the goods uner c.i.f contract not
cvontaining the clauses the quota alloted to them
Correct Answer
small
Your Answer
Insufficient
Question
Correct Answer
L/C
Your Answer
L/C

Question
Correct Answer
Your Answer
True/False
Question
An unpaid seller does not have a right to resale against the goods
Correct Answer
False
Your Answer
False
True/False
Question
Innmination means that if the contract is brokenthe effect of the breach
depends on the nature and the gravity of the breach
Correct Answer
True
Your Answer
True
Question
Patent once granted for an invention is an intellectual property which
remains in force for a
Correct Answer
Specific period of time
Your Answer
Question
Different categories of artistic work are listed in the Act.
Correct Answer
Your Answer
Select The Blank
Question
The first law on the subject was enacted in ________ which was known as
copyright Act of 1709
Correct Answer
England
Your Answer
England
True/False
Question
Enforcement under the Geneva protocol and convention is regulated by
the Arbitration Act 1950
Correct Answer
True
Your Answer
True

Question
Correct Answer
Your Answer
Question
To avoid anything in the nature of set off or counter claim, a letter of
credit is given by a
Correct Answer
Bank to the seller
Your Answer
Bank to the seller
Question
Correct Answer
Your Answer
Select The Blank
Question
The clause Arrival means that the seller has to cause delivery to be madeto
the buyer from the ________
Correct Answer
Ship
Your Answer
Ship
Select The Blank
Question
Correct Answer
frandulently
Your Answer
frandulently
Question
The contractual nature of arbituration determines questions , which are not
free from controversy . The question are
Correct Answer
Your Answer
Question
Types of contracts are :
Correct Answer
Express contract , illegal contracts , Void contracts
Your Answer
Express contract , illegal contracts , Void contracts
Question
Section 28 of Indain Contract Act an agreement which absolutly restricts a
party to it from inforcing his rights under any contract, by the usually legal proceessing in
the ordinary tribunals or which limits the time within which he may thus inforece his
right is
Correct Answer
Void to that extent
Your Answer
Void to that extent
True/False
Question
The buyer who reject the goods is not bound to return them to the seller
unless this is agreed
Correct Answer
True
Your Answer
True
True/False
Question
In the United States, most commercial arbitration are governed by the
United States Arbitration Act
Correct Answer
True
Your Answer
True
Select The Blank
Question
Protection of industrial property is not an end in itself. It is a ________ to
encourage creative activity, industrialisation, investment and honest trade
Correct Answer
Means
Your Answer
Means
Select The Blank
Question
Correct Answer
Quasi contract
Your Answer
Quasi contract
Question
The Society Lloyd's has members like
Correct Answer
Underwriting
Your Answer
Underwriting
Match The Following

Question
Correct Answer
Your Answer
The most important institution for the arbitral settlement of International trade disputes
The administrative and financial regulations ICSID ICSID
European Arbitration Sponsored by the UN economic commission Sponsored by the UN
economic commission
The London court of International arbitration
Sponsored by Chartered Insitute of
Arbitration

Question
The following attracts copyright once the choice and arrangement of
source material is more than mimimal,I.e a piece of
Correct Answer
Your Answer
Question
substantial copying is
Correct Answer
all or virtually all of a work is reproduced
Your Answer
all or virtually all of a work is reproduced
Question
The critical point is in the port of shipmentin the traditional forms of
export contracts such as
Correct Answer
f.o.b , c.i.f , f.a.s
Your Answer
Select The Blank
Question
Under Ex-Quay clauses the ________is liable for the carriage on and from
the quay to destination of goods
Correct Answer
Buyer
Your Answer
Buyer
Question
The root requirement in creating the work is
Correct Answer
sufficient skill, fudgement and labour , selection indgement and
Your Answer
sufficient skill, fudgement and labour , selection indgement and
Select The Blank
Question
Correct Answer
Supervening
Your Answer
Supervening
Question
If the utmost good faith is not observed by the either party of the contract
of Marine insurancemay be
Correct Answer
Your Answer
Question
The buyer is entitled to reject the goods if
Correct Answer
A condition relating to them is broken
Your Answer
A condition relating to them is broken
True/False
Question
Words which do not describe the character or quality of goods are
registerable.
Correct Answer
True
Your Answer
True
Question
Export transactions based on the contract of sale are not
Correct Answer
Customery in home trade
Your Answer
Customery in home trade
True/False
Question
patentability
Correct Answer
False
Your Answer
False
Select The Blank

Question
When the consumer deals with the retailer rather than directly with the
Correct Answer
Contractual
Your Answer
Contractual
True/False
Question
Correct Answer
False
Your Answer
False
**************************
True/False
Question In the case o fliterary work like encyclopedia dictionaries, year books etc.,
Your Answer False
Select The Blank
Question The remedies for infringement of patent are injunction and ________
Correct Answer Damages
Your Answer Fine
True/False
Question The New York convention represents a progress in the field of International
arbitration as compared to the Geneva provisions
Correct Answer True
Your Answer True
Select The Blank
Question Copying of a computer programme from one ________ disc to another is an
infringement
Correct Answer magnetic
Your Answer protected
Question Where payment under a letter of credit is arranged, the stages can normally
be distinguished
Your Answer The exporter and the overseas buyer agree in the contract of sale that
True/False
Question Product liability and product safety are the phrases used to describe the law
concerning product-related accidents and illness
Correct Answer True
Your Answer True
Question The main object of the copyright Act is to
Correct Answer protect the writer and the artist
Your Answer protect the producer and the production work
Question Not only creative intellectual activity produce the right kind of work, but the
input must satisfy a certain minimum standard of effort. Otherwise, there is nothing that
can be treated as
Correct Answer original work
Your Answer original work
Question The concept of implied warranty rests on the foundation of business ethics
and constitutes an exception to maxim
Correct Answer Let the buyer beware
Your Answer Let the buyer beware
Question The ICSID has published sets of Rules as
Correct Answer The Institution rules , The Arbitration Rules , The Conciliation Rules
Your Answer The Institution rules , The Arbitration Rules , The Conciliation Rules
exchange
Your Answer Pay bills of exchange , Accept bills of exchange , Negotiate bills of
exchange
Question Consideration may be
Correct Answer Present , Future , Continuous
Your Answer Past , Present , Future
True/False
Question The floating policy is not a time policy but the aggregation of voyage policies
Correct Answer True
Your Answer True
True/False
Question Where a cargo is a tender in such a manner as to put an ordinary careful
Correct Answer True
Your Answer True
Question The legal principle that the Bank is entitled ro reject documents which do not
strictly confirm with the terms of the credit is the
Correct Answer Doctrine of strict compliance
Your Answer Doctrine of strict compliance
Question The polices which covers a period exceeding twelve months on the
continuation clause is a
Correct Answer Time policy
Your Answer Time policy
True/False
Question The principles relating to the ordinary letters of credit dosen't apply to
standby credits
Your Answer True
Question The documents which though lacking the legal characteristics of an insurance
policy, acknowledges that the insurance cover has been obtained. These documents are
Correct Answer Certificate of insurance , Broker's coover notes , letters of insurance
Your Answer Certificate of insurance
True/False
buyer
Your Answer True
Question Restricted senceit may be called as
Correct Answer Transactional , A national , Floating
Your Answer Transactional , A national , Floating
True/False
Question Once there is non disclouser, be it fraudulent negligient or innocent, the
Correct Answer True
Your Answer True
Match The Following
Sending visual images, sounds and other information Cable - cast Computer programme
Criminal proceeding against infringement of copyright Imprisonment and fine Musical
work
Reprography Schemes Statutory implied indemnity by the licensor Typographical
arangement
Set of instructions Computer programme Cable - cast
Select The Blank
Question It would be infringed by making a ________ copy of the topographical
arrengement.
Correct Answer facsimile
Your Answer xerox
True/False
Question The principles relating to the ordinary letters of credit dosen't apply to
standby credits
Your Answer True
Select The Blank
Question The received bill is less ________ than the shipped because it docs not
confirm that the shipment has already begun.
Correct Answer Valuable
Your Answer costly
Question In testing wheather an articles infringes a registered designfor that article, the
normal starting point is the design as
Correct Answer a whole
Your Answer a whole
True/False
Question Insurance broker is the agent of the assured and is paid by the assured
Your Answer True
Select The Blank
Question Abandonment has effect only where there is a ________ total loss
Correct Answer Constructive
Your Answer Conditional
True/False
Question The purchaser has no right to inspect the commodity
Your Answer False
sponsored by the
Correct Answer London Chamber of Commerce , The city of London Corporation ,
Chartered Insitute of Arbitration
Your Answer London Chamber of Commerce , The city of London Corporation ,
Chartered Insitute of Arbitration
True/False
Question All contracts are agreements and all agreements are contracts.
Your Answer True
Question Parties to the agreement must be
Correct Answer a major , not disqualified by any law , of sound mind person
Your Answer a major , not disqualified by any law , of sound mind person
exchange
Your Answer Pay bills of exchange , Accept bills of exchange , Negotiate bills of
exchange
Select The Blank
Your Answer Letters of Insurance

Question Paris convention does not lay down any limits on
Correct Answer Duration of patents , Examination and grant of product or process
patent , Areas of patentability
Your Answer Duration of patents , Examination and grant of product or process patent ,
Areas of patentability
Correct Answer print or writing
Your Answer print or writing
Match The Following
No arbitration Witthout an agreement Judiciary
Settlement of dispute Arbitration Arbitration
Question of fact and question of law Arbitrator Witthout an agreement
An international dispute relates to the construction of the document. Judiciary
Construction of the document
Question The acts with the utmost good faithtowards the insurer entitles the expoter to
obtain the protection of the
Correct Answer Held covered clause
Your Answer Held covered clause
Question Force Majeure Clauses msy be elaborated to include larger risk
Correct Answer War , Terrorism , Distruption of transportation
Your Answer War , Terrorism , Great risk I price
Question The intellectual property is essentially found in
Correct Answer Concept , Idea , Thought
Your Answer Concept , Idea
True/False
Correct Answer True
Your Answer True
True/False
Question When the seller tenders non-confirming documents, the advising bank may
refuse to make the credit available
Your Answer True
Question For a registration if a portrait is of a dead person whose death occurred
twenty years prior to the date of application for registration, law requires
Correct Answer Consent in writing of legal representative
Your Answer Consent in writing of legal representative
Question Products liability law is full of mixtures . It is mixture of
Correct Answer Tort law , Contract law , Consumer protection law
Your Answer Tort law , Contract law
Your Answer to the seller, due on presentation of their documents
Select The Blank
Question Under delivered free duty paid clause, the seeller pays all the charges up to
the ________ of the goods at the buyer's address
Correct Answer Delivery
Your Answer Loading
Question Inventions relating to atomic energy
Correct Answer are not patentable
Your Answer are not patentable
PGDIB_SEM_2_INT_COMM_LAW_1.
Question
Consideration
Contract
Proposal accepted
Correct Answer
Voidable agreement
Cash or kind
Legal obligation
Promise

Question
Correct Answer
Question
The Institute Cargo clauses B covers the loss of or damage to the subject - matter insured
reasonably attributed to
Correct Answer
Fire or explosion , Discharge of cargo at a port of distress , Earthquake, volcanic eruption
or lightening
Select The Blank
Question
Correct Answer
Conduct
Question
Correct Answer
Question
Correct Answer
Voyage policy
Question
If the carriage of goods by sea are carried in bulk, e.g. coal, oil, grain, the shipper may
hise a whole vessel i.e.
Correct Answer
charter party

Question
Correct Answer
Select The Blank
Question
Correct Answer
Contract
Select The Blank
Question
Correct Answer
Individual
Match The Following
Question
Correct Answer
The most important institution for the====
The ICC court
The administrative and financial regulations ===

ICSID
European Arbitration====
Sponsored by the UN economic commission
Arbitration
Question
Correct Answer
property
Question
Correct Answer
Select The Blank
Question
The assured can insure a consignment of goods from Pune to Birmingham provided these
place are________in the marine policy as the commencement and destination of the
transit
Correct Answer
Named
Question
Correct Answer
Shipping Document
Select The Blank
Question
Correct Answer
Quasi contract
Select The Blank
Question
Correct Answer
Founder
Question
The copy right is
Correct Answer
Incorporal property
Select The Blank
Question
Correct Answer
banking
True/False
Question
Correct Answer
True
Question
Correct Answer
Select The Blank
Question
Correct Answer
Assured
Select The Blank
Question
Correct Answer
Exclusion clauses
Question
paper work by using
Correct Answer
transport documents
True/False
Question
Correct Answer
False
True/False
Question
The arbitrator , like a judge, has power to order the inspection of the object in dispute.
Correct Answer
True
Question
Correct Answer
L/C
True/False
Question
Ii is in the public interest to encourage the marketing of the products having defects that
can be sold in lower price to the public.
Correct Answer
False
Select The Blank
Question
Correct Answer
facsimile
Question
Correct Answer
Question
Correct Answer
Question
Correct Answer
Question
Correct Answer
Agreed Value
True/False
Question
Correct Answer
False
Question
The letter of cradit should state which of the methods have been chosen by the parties
namely,
Correct Answer
Question
Correct Answer
True/False
Question
Arbitration Act
Correct Answer
True
True/False
Question
Correct Answer
False

Question
protected by the
Correct Answer
Common Law
Question
Correct Answer
Question
A reputed automobile manufacturer advertised that their cars have a shatter proof glass
windowshields. These windowshields were supposed to eliminate the dangers of flying
glass. A customer of such car while driving car was hit by a pebble which shattered the
windowshield injuring his eyes. The court awarded the decision in the favour of
Correct Answer
Customer
Question
Correct Answer
True/False
Question
Correct Answer
False
True/False
Question
Correct Answer
True
True/False
Question
Correct Answer
False
Question
the premium
Correct Answer
Select The Blank
Question
in________
Correct Answer
damages

Question
The copy right is
Correct Answer
Incorporal property
Select The Blank
Question
Correct Answer
Conduct
Select The Blank
Question
from the ________

Correct Answer
Ship
Question
The correct dating of the bill of lading is a important matter. It is material in three legal
relationships
Correct Answer
In the content of carriage , In the contract of sale , In relation to the banks under a letter
of credit
Select The Blank
Question
Correct Answer
Founder
Question
Correct Answer
Select The Blank
Question
Correct Answer
Assured
Question
Correct Answer
By place an embargo on the exportation of the goods sold , By place an embargo on the
Importation of the goods sold , By the imposition of restructive regulation regardng
Licenses and quota
Select The Blank

Question
Correct Answer
Price
Select The Blank
Question
Correct Answer
expression
Question
Correct Answer
Insurance company
True/False
Question
twelve months
Correct Answer
True
Question
Correct Answer
True/False
Question
Correct Answer
True
Question
Correct Answer
Select The Blank
Question
Correct Answer
Contract
True/False
Question
Correct Answer
False
True/False
Question
Correct Answer
False
Question
Correct Answer
L/C
Select The Blank
Question
The container leasing contract providees that the lessee has to pay ________if he retains
the container beyond stipulated time
Correct Answer
Liquidated damages
True/False
Question
Correct Answer
False
Question
Correct Answer
Question
Following are not registerable under the Emblems and Names (Prevention of improper
use ) Act, 1950.
Correct Answer
Question
Correct Answer
Letter of credit
Question
Correct Answer
Question
Correct Answer

Question
distinguished
Correct Answer
The exporter and the overseas buyer agree in the contract of sale that payment shall be
made under a letter of credit , The overseas buyer instructs a bank at his place of business
to open a letter of credit , The advising bank informs the exporter that it will negotiate,
his draft upon delivery of the transport document
Question
Correct Answer
Negligently
Match The Following
Question
Correct Answer
Stating that the credit is divisible or that it is unrestricted for negotiation = Transferable
credit
Letter of credit
Paper transaction
Packing credit
Question
Correct Answer
Question
Correct Answer
Where the subject matter is destroyed , Where the assured has been irretrievably deprived
thereof , Where the subjectmatter has been so damaged that is has loss is commercial
identity
True/False
Question
Correct Answer
True
True/False
Question
In the case of a confirmed credit, the engagement of the advising bank to the beneficiary
is not stated in the letter of advise.
Correct Answer
False
Question
Correct Answer
True/False
Question
In the socialist countries arbitration tribunals are constituted for dealing with commercial
disputes
Correct Answer
True
Select The Blank
Question
Correct Answer
Exclusion clauses
Select The Blank
Question
Under f.o.b contract the cost of loading is usually included in the ________charges which
are to paid by the buyer
Correct Answer
Freight
True/False
Question
Correct Answer
True
Select The Blank
Question
Correct Answer
dated
Question
Correct Answer
True/False
Question
Correct Answer
True
Question
Correct Answer
Question
Correct Answer
True/False
Question
Correct Answer
False
Question
the premium
Correct Answer
Match The Following
Question
Correct Answer

GATT
Member India
India, a party
TRIPS agreemnt

Question
Correct Answer
Select The Blank
Correct Answer Ship
Select The Blank

Question If the carriage of goods by sea are individual pakages, they are carried under
by the
Select The Blank
correctly
Question To avoid anything in the nature of set off or counter claim, a letter of credit is
given by a
True/False
Correct Answer True

sponsored by the
Correct Answer Chartered Insitute of Arbitration , London Chamber of Commerce ,
The city of London Corporation
Select The Blank
in________
Your Answer Paris
True/False
Correct Answer True
Select The Blank
Question Where payment under a letter of credit is arranged, the stages can normally be
distinguished
exchange
True/False
can obtain it by
True/False
Question Infringement of patent takes place, normally during Industrial or Commercial
activities
Correct Answer True
Select The Blank

True/False
Question In practice revocable credits are not widely used and irrevocable credits are in
frequent use.
Correct Answer True
Match The Following
Question
Correct Answer
Member India
India, a party
TRIPS agreemnt
GATT
True/False
True/False

Select The Blank
Question A ' would be patentee may endanger his own chances by any sort of publicity
________ registration of a patent
True/False
Correct Answer True
transport documents

True/False
True/False
Question In the case o fliterary work like encyclopedia dictionaries, year books etc., i.e.
SCDL_PGDIB_SEM2_ICL_1_GROUP
SCDL_2005_PGDIB
SUMEETKUMARJAIN@YAHOO.COM
Select The Blank
Question The burden of proof for recovery under the insurance is that of
the ________
Your Answer
Insured
Question An administrative commission for concilliation is constituted at
the ICC and for each dispute a conciliation committee of three members is
set up by the
Correct Answer President of ICC
Your Answer
President of ICC
Question The broker wright the essentials of the proposed insurance in
cuetomery abbreviationson a document called
Your Answer
The Slip
Select The Blank

Question In legal phraseology there is no privity of ________ between
customer and manufacturer
Your Answer
Contract
True/False
Question The law of products liability governs the public litigation of
product accidents
Your Answer
False
Question The contractual nature of arbituration determines questions
which are not free from controversy . The question are
Correct Answer Whether arbitration himself can decide conclusively
whether it the arbitration clause is contained in the original contract
whether the arbitation clause itself is under cloud
Your Answer
Whether arbitration himself can decide conclusively
whether it the arbitration clause is contained in the original contract
,
,
,
,
,

Question A contract in which the parties agree that a false invoice be
isued is
Your Answer
Illegal in Law
Question In stand by letters of credit, the bank may also be instructed to
authorise another bank against the stipulated documents to
Correct Answer Pay bills of exchange , Accept bills of exchange ,
Negotiate bills of exchange
Your Answer
Pay bills of exchange , Accept bills of exchange ,
Select The Blank
Question It would be infringed by making a ________ copy of the
topographical arrengement.
Your Answer
duplicate
Question Apolicy which specifies the agreed value of the subject mateer
insured
Your Answer
A valued policy
Question Other documents inluded in the shipping documents are
Correct Answer Certificate of origin , Certificate of quality , Certificate of
inspection
Your Answer
inspection
True/False
Question Infringement of patent takes place, normally during Industrial
or Commercial activities
Correct Answer True
Your Answer
True
True/False
books etc., i.e. where there is collective work and output, there is a joint
authorship.
Your Answer
True
Question Where the subject - matter is insured from one point to another
isa
Correct Answer Voyage policy
Your Answer
Voyage policy
Question The container is normally shipped under an ordinary
Correct Answer Shipped bill of lading
Your Answer
Container bill of lading
Correct Answer Unenforceable contract , Voidable contract , Illegal
contract
Your Answer
Voidable contract , Illegal contract , Unenforceable
contract
Question The most frequent method of payment for goods is the export
trade is
Correct Answer
Your Answer
Letter of credit
Letter of credit

Question The single most important document in International Trade and
forms the very basis of a large volume in international trade is
Correct Answer L/C
Your Answer
L/C
Select The Blank
Question ________ has no eastablished status in Law but are admissible
in evidence against the seller if litigation ensues between him and buyer
Your Answer
Letters of credit
Your Answer
charter party
Question The law relating to letters of credit is founded on the principle
of
Your Answer
Your Answer
Correct Answer work of dance and mine , the scenario for a film , the
script for a film
Your Answer
work of dance and mine , the scenario for a film , the
script for a film
Question The letter of cradit should state which of the methods have
been chosen by the parties namely,
negotiance
Your Answer
Payment at sight , Deferred payment , Acceptance or
negotiance
Select The Blank

Question An issue of bill of lading who deliberately backdates it in order
to bring it within the shipment time in the credit, acts ________
Correct Answer frandulently
Your Answer
frandulently
Select The Blank
Question The Arbitrations and Conciliation Act, 1996 was enacted taking
into account the model law and Rules recommended by United Nation for
efficient ________ of disputed arising in international commercial relation
Correct Answer Settlement
Your Answer
Settlement
Your Answer
Question The marine insurance policy or the marine insurance certificate
forms a part of the
Correct Answer Shipping Document
Your Answer
Shipping Document
Match The Following
Question
Correct Answer
Your Answer
Quality control
Important issue of vertical privity is

process
Sales talk
Opinion
Quality control
Who can be sued
The
marketing

can be sued
Who

Question A general average act has to satify the followling requirements.
It must be
Correct Answer In time of peril , An extraordinary sacrifice or
expenditure , Purposely resorted to
Your Answer
In time of peril , An extraordinary sacrifice or
True/False
Question The arbitrator , like a judge, has power to order the inspection
of the object in dispute.
Correct Answer True
Your Answer
True
True/False
Question Ii is in the public interest to encourage the marketing of the
products having defects that can be sold in lower price to the public.
Your Answer
True
True/False
Correct Answer True
Your Answer
True
Question If the carriage of goods by sea are individual pakages, they are
carried under
Your Answer
bill of lading
Question It is essential that a patentable invention must possess
Correct Answer Utility
Your Answer
Utility
Question The law of product safety is
Correct Answer Regulatory law
Your Answer
Regulatory law
Select The Blank
Question A ' would be patentee may endanger his own chances by any
sort of publicity ________ registration of a patent
Your Answer
Before
Question Paris convention is applicable to industrial property
Correct Answer Inventions , Trade marks , Service marks
Your Answer
True/False
Question The two types of contract of carriage by sea is contracts
evident by bill of lading and contracts containing perils
Your Answer
False
Select The Blank
Question The container leasing contract providees that the lessee has to
pay ________if he retains the container beyond stipulated time
Correct Answer Liquidated damages
Your Answer
Liquidated damages
Question Translation , editorial work involves
Correct Answer Ammendments , Explanation , Compilation
Your Answer
Question The novelty of an invention is to be recognized from the angle
of
Your Answer
Correct Answer A clean bill of lading , Amarine insurance policy , The
invoice
Your Answer
A clean bill of lading , Amarine insurance policy , The
invoice
Your Answer
True/False
Question The buyer is entitled to refuse the acceptance of the goods if
they are packed in accordance of his instructions
Your Answer
False
Match The Following
Question
Correct Answer
Your Answer
India is a signatory and indeed a founder member GATT GATT
Member India

Member India
WTO
India,
TRIPS agreemnt
party
TRIPS agreemnt
True/False
Question Where a cargo is a tender in such a manner as to put an
ordinary careful insurer on inquriy and he fails to inquire a waiver may be
assumed
Correct Answer True
Your Answer
True
Select The Blank

Question
In legal phraseology there is no privity of ________ between customer and
manufacturer
Your Answer
Contract

Question
If the seller requires payment before the deferred payment credit matures,
he can obtain it by
Your Answer
Select The Blank

Question
Your Answer
owner
True/False
Question

Correct Answer True
Your Answer
True
Question
An unregistered trade mark which is being presently used is known as
Correct Answer Common Law trade mark

Your Answer
Common Law trade mark

Question
In a few exceptional cases the assured is barred from recovering the
overpaid portions of the premium
Correct Answer If the double insurance was effected by the aassured knowingly , If a claim
has been paid for the full sum insured , if the policies were effected at
different times
Your Answer
If the double insurance was effected by the aassured knowingly , If a claim
has been paid for the full sum insured , if the policies were effected at
different times
Question
Unregistered trade mark can be protected by the action of
Your Answer
Passing off

Question
If the carriage is done by sea, air or land the combination of them is
Correct Answer multimodel
Your Answer
multimodel

Question
The Lioyd's marine policy form is schedule into which the following
Your Answer
The policy number , The subjectmatter insured , The amount insured
Match The Following

Question
Correct Answer
The most important institution The ICC court

for the arbitral settlement of
International trade disputes
The administrative and
ICSID
financial regulations
European Arbitration
Sponsored by the UN
economic commission
The London court of
Sponsored by Chartered
International arbitration
Insitute of Arbitration
Your Answer
The ICC court
ICSID
Sponsored by the UN
economic commission
Sponsored by Chartered
Insitute of Arbitration

Question
The critical point is in the port of shipmentin the traditional forms of export
contracts such as
Your Answer
True/False
Question

Your Answer
False

Question
GATT is a multilateral treaty that lays down general rules for the cnduct of
Your Answer
International trade relation
True/False
Question
In the case of a confirmed credit, the engagement of the advising bank to

the beneficiary is not stated in the letter of advise.
Your Answer
False
True/False
Question

registerable.
Correct Answer True
Your Answer
True

Question
Fraud in the context of the present subject can be proved if certain
essential elements enter into its composition. These elements are
Correct Answer Its falsity , His right to rely on it , Its materiality
Your Answer
His right to rely on it , Its materiality , Its falsity
True/False
Question
The expression literary work covers work which is expressed in print or

Correct Answer True
Your Answer
True

Question
Your Answer
Select The Blank

Question
account the model law and Rules recommended by United Nation for
Your Answer
Settlement

Question
The exclusion clauses covers
Correct Answer War exclusion clause , Strike exclusion , Loss or damage caused by any
terrorist
Your Answer
War exclusion clause , Strike exclusion , Loss or damage caused by any
terrorist
Question
Your Answer
Select The Blank

Question
Your Answer
Quasi contract
True/False
Question
An electrical terminal for washing meachine was held registrable because

a potential customer may decide to buy it solely for its utility
Your Answer
False
True/False
Question
The containers are necessarily owned by the carrier
Your Answer
False

Question
The expression literary work covers work which is expressed in
Correct Answer print or writing
Your Answer
print or writing
Select The Blank

Question
Your Answer
Price
Select The Blank

Question
The clause Arrival means that the seller has to cause delivery to be
Correct Answer Ship
Your Answer
Ship

Question
under
Your Answer
bill of lading

Question
Correct Answer In time of peril , An extraordinary sacrifice or expenditure , Purposely
resorted to
Your Answer
In time of peril , An extraordinary sacrifice or expenditure , Purposely
resorted to
Question
The letter of cradit should state which of the methods have been chosen
by the parties namely,
Correct Answer Payment at sight , Deferred payment , Acceptance or negotiance
Your Answer
Payment at sight , Acceptance or negotiance

Question
A contract may be frustrated because subsequent to the conclusion the
govt. has prohibited its performance are

Correct Answer By place an embargo on the exportation of the goods sold , By place an
embargo on the Importation of the goods sold , By the imposition of
restructive regulation regardng Licenses and quota
Your Answer
By place an embargo on the exportation of the goods sold , By place an
embargo on the Importation of the goods sold , Outbreak of war
Match The Following
Question
Correct Answer
Your Answer
Voidable agreement
Promise
Consideration
Cash or kind
Cash or kind
Contract
Legal obligation
Legal obligation
Proposal accepted
Promise
Executary contract
True/False
Question
Your Answer
False
Select The Blank

Question
The ________ of the product concept is the first and in many ways most
Correct Answer Formulation
Your Answer
Formulation

Question
Correct Answer Invention which is frivolous , Any plan or scheme , The mere discovery of a
new property
Your Answer
Invention which is frivolous , The mere discovery of a new property
Question
Your Answer
True/False
Question
Trademark offences to be cognisable offences.
Correct Answer True

Your Answer
True

Question
Correct Answer Quality of what they are buying
Your Answer
Select The Blank

Question
Your Answer
Supervening
Select The Blank

Question
Your Answer
Liquidated damages
Select The Blank

Question
Correct Answer Founder
Your Answer
Founder

Question
Correct Answer Misspelling , Compounding of existing descriptive word , Words framed by
mere addition of adjective prefixes or suffixes
Your Answer
Misspelling , Compounding of existing descriptive word , Words framed by
mere addition of adjective prefixes or suffixes
Question
Inventions relating to atomic energy
Correct Answer are not patentable
Your Answer
are not patentable

Question
If the carriage of goods by sea are carried in bulk, e.g. coal, oil, grain, the
Your Answer
charter party

Question
The Institute Cargo clauses B covers the loss of or damage to the subject matter insured reasonably attributed to
Correct Answer Fire or explosion , Discharge of cargo at a port of distress , Earthquake,
Your Answer
Fire or explosion , Discharge of cargo at a port of distress , Earthquake,
Select The Blank
Question
In some cases, the transaction may not involve a sale. The product may
Your Answer
Leased
True/False
Question
If the document is merely a receipt, the Hague-Vishy Rules apply.

Your Answer
False
SCDL_2005_PGDIB

Question
The Indian Court have summed up the following
ingredients or elements to settle the questions of
similarity of two marks.
Correct Answer Overall construction , Phonetic Similarity , The
overall similarity
Your Answer
Phonetic Similarity , The overall similarity ,
Implication of mark
Question
Legal status of protection of trade mark can be
acquired either by
Correct Answer Prolonged use of trade mark by registration
Your Answer

Question
Correct Answer Voidable contract , Illegal contract ,
Unenforceable contract
Your Answer
Voidable contract , Illegal contract ,
Question
Correct Answer Distinguish the goods of service from another
Your Answer
True/False
Question
Once registered with WIPO, a Trade Mark is

protected in each member country
Correct Answer True
Your Answer
False

Question
A contract in which the parties agree that a false
invoice be isued is
Your Answer
Illegal in Law
Select The Blank

Question
In legal phraseology there is no privity of
________ between customer and manufacturer
SCDL_2005_PGDIB

Question
If the carriage of goods by sea are carried in bulk, e.g. coal, oil,
Your Answer
charter party

Question
A retardation is the machinary to settle the dispute in most
Your Answer
cheaper manner , Valued manner , Convient manner
Select The Blank

Question
Your Answer
legal
True/False
Question
In the case of a confirmed credit, the engagement of the advising

Your Answer
True
True/False
Question
In practice revocable credits are not widely used and irrevocable

Correct Answer True
Your Answer
True
Select The Blank

Question
Broadcasting is considered to be ________ by wireless telegraphy
Your Answer
transmission
Match The Following

Question
Legalprotection of
computer software
Correct Answer
Your Answer
Trade secreat system
Computer work

Question
If the carriage of goods by sea are carried in bulk, e.g.
coal, oil, grain, the shipper may hise a whole vessel i.e.
Correct
charter party
Answer
Your
charter party
Answer
Question
A retardation is the machinary to settle the dispute in
most
Correct
Convient manner , Speedist manner , cheaper manner
Answer
Your
Convient manner , cheaper manner , Valued manner
Answer
Select The Blank
Question
The expression stale bill of lading is used in ________
practice
Correct
banking
Answer
Your
legal
Answer
True/False
Question
Correct
Answer
Your
Answer
True/False
Question
Correct
Answer
Your
Answer
In the case of a confirmed credit, the engagement of the

advising bank to the beneficiary is not stated in the letter
of advise.
False
True
In practice revocable credits are not widely used and

True
True
Select The Blank

Question
Broadcasting is considered to be ________ by wireless
of pubilc.
Correct
transmission
Answer
Your
transmission
Answer
Match The Following
SCDL_2005_PGDIB
True/False
Question
The floating policy is not a time policy but the aggregation of voyage
policies
Correct Answer True
Your Answer True
Select The Blank
Question In some cases, the transaction may not involve a sale. The product may
Your Answer Leased
Select The Blank
Question In legal phraseology there is no privity of ________ between customer
and manufacturer
Your Answer Contract
Select The Blank
Your Answer Contingent
True/False
Question
registerable.
Correct Answer True
Your Answer False
True/False
buyer
Your Answer True
Your Answer Poland , Czekoslovakia , Hungary
True/False
Question
Under through Bills of Lading Covering on Carriage by air, the air
Your Answer
False
Select The Blank

Your Answer expression
Your Answer Juridication of courts in Banglore
Your Answer Privity of Contract
Your Answer International trade relation
Question The Institute Cargo clauses B covers the loss of or damage to the subject
- matter insured reasonably attributed to
Correct Answer
Your Answer
Select The Blank
Question
________
Your Answer Assured
True/False
Correct Answer True
Your Answer True
True/False
Question
Your Answer False
Your Answer The use of hay , The use of chaff , The use of rice husk

Your Answer Name and addresses of seller and buyer
Your Answer Industrial produced articles
Match The Following
Legal protection of computer software Trade secreat system Trade secreat system
Expression of thought Original work Original work
Match The Following
Question ::
::Correct Answer ::
Answer::
:: Quality control ::
control
Important issue of vertical privity is ::Who can be sued
can be sued
Sales talk
::
::maticulous precautions
An automobile or high speed machinery ::
marketing process
::Your
:: Quality
:: Who
::Opinion
:: The

Question
If the seller requires payment before the deferred payment credit
Your Answer Negotiating the Bill of Lading
Question
The critical point is in the port of shipmentin the traditional forms of
Your Answer f.o.b , c.i.f , f.a.s
True/False
Question Scenic effects and costumes are not the subjects of copyright even if they
are artistic
Your Answer False
Your Answer originated from the author

Your Answer Copy or words
Your Answer Passing off
Your Answer A valued policy
Select The Blank
Your Answer Price
Select The Blank
Question
The clause Arrival means that the seller has to cause delivery to be
Correct Answer Ship
Your Answer Ship
True/False
Question
Time policies may cover a fixed priod of twelve months on the
continuation clause
Your Answer False
Your Answer Patent
True/False
Question
patentability
Your Answer False
Select The Blank
Question
The shipper is entitled to demand that the bill of lading should
Your Answer dated
Your Answer
Select The Blank

Question
Under f.o.b contract the cost of loading is usually included in the
Your Answer Freight
Select The Blank
Your Answer Contractual
Select The Blank
Question
Your Answer Letters of credit
any terrorist
Your Answer War exclusion clause , Strike exclusion , Loss or damage caused by
any terrorist
Select The Blank
Question
Your Answer owner
Correct Answer
Your Answer
True/False
Question
Your Answer False
Your Answer Patents , Trademarks
True/False
Question An electrical terminal for washing meachine was held registrable because
Your Answer False
Your Answer The Slip
Your Answer Voidable contract , Illegal contract , Unenforceable contract
Question
The Lioyd's marine policy form is schedule into which the following
Correct Answer
The policy number , The subjectmatter insured , The amount
insured
Your Answer The policy number , The subjectmatter insured , The amount insured
SCDL_PGDIB_SEM_2_ICL_5_4SET_A
Question
The Indian Court have summed up the following ingredients or
elements to settle the Questions of similarity of two marks.
Correct Answer
Overall construction , Phonetic Similarity , The overall
similarity
Question
Correct Answer
Question
Correct Answer
Voidable contract , Illegal contract , Unenforceable
contract
Question
Correct Answer
True/False
Question
Once registered with WIPO, a Trade Mark is protected in each
member country
Correct Answer
True
Question
A contract in which the parties agree that a false invoice be isued
is
Correct Answer
Select The Blank
Question
In legal phraseology there is no privity of ________ between
Correct Answer
Contract
True/False
Question
The frustration occures whenever the Law recognizes that with
default of either party a contractual obligation has become incapable of being
performed
Correct Answer
True
True/False
Question
If certain occures which are beyond their control such clauses are
known as force Majeure Clauss
Correct Answer
True
True/False
Question
Once there is non disclouser, be it fraudulent negligient or
innocent, the aggrieved paryt is entitled to elect whether he would avoid or affirm
the contract
Correct Answer
True
Question
The legal principle that the Bank is entitled ro reject documents
which do not strictly confirm with the terms of the credit is the
Correct Answer
True/False
Question
Invented words, coined words, fancy words are all synonymous
terms.
Correct Answer
True
Question
The most frequent method of payment for goods is the export
trade is
Correct Answer
Letter of credit

Question
The customer and manufacture has no
Correct Answer
Privity of Contract
Question
Correct Answer
Question
In a contrat between A, B Of Bombay and Banglore respectively it
may be provided that all dispute between them should be decided by a court in
Bombay. Therefore in case B files a suit in Banglore, A may Sucessfully objected to
the
Correct Answer
Juridication of courts in Banglore
Select The Blank
Question
Correct Answer
Price
True/False
Question
The buyer is entitled to refuse the acceptance of the goods if they
are packed in accordance of his instructions
Correct Answer
False
Select The Blank
Question
In some cases, the transaction may not involve a sale. The product
may have been ________ or loaned by the owner
Correct Answer
Leased
Question
Correct Answer
Misspelling , Compounding of existing descriptive word ,
Words framed by mere addition of adjective prefixes or suffixes
Match The Following
Question
Correct Answer Your Answer
The most important institution for the arbitral settlement of International trade
disputes The ICC court
The ICC court
The administrative and financial regulations ICSID
ICSID
European Arbitration
Sponsored by the UN economic commission Sponsored
by the UN economic commission
The London court of International arbitration Sponsored by Chartered Insitute of

Arbitration
True/False
Question
Purchasers cannot try out drugs to determine whether they kill or
cure
Correct Answer
True
Question
The single most important document in International Trade and
Correct Answer
L/C
Match The Following
Question
Application for Registration of Trademarks
office of Trademark Registry
Procedure for registration of trade mark
Purpose of mark Distinguish the goods of one trader from those of another
Application for registration under the Trademark Act, 1999
Single application
Trademark
Registration of Trademarks Single application office of Trademark Registry

Question
In stand by letters of credit, the bank may also be instructed to
Correct Answer
Question
Correct Answer
Select The Blank
Question
A ' would be patentee may endanger his own chances by any sort
of publicity ________ registration of a patent
Correct Answer
Before
Question
Correct Answer
invoice
Select The Blank
Question
Correct Answer
Individual
Question
Following word marks other than surnames are registerable. They
are
Correct Answer
Personal names , Geographical names , Names of sect
Question
Correct Answer
Regulatory law
Select The Blank
Question
The marine insurance covers all riskof loss or damage to the
subject - matter insured except ________clauses
Correct Answer
Exclusion clauses
Select The Blank
Question
The rights of the copyright ________ may be roughly classified
into reproduction rights and performing rights.
Correct Answer
owner
Question
The following attracts copyright once the choice and arrangement
of source material is more than mimimal,I.e a piece of
Correct Answer
Question
Arbitration under the Rules of ICC is open to
Correct Answer
Members and non members
Select The Blank
Question
The impact of appeal to the consumers has been the________of
the sales
Correct Answer
Black bone
True/False
Question
Correct Answer
True
Select The Blank

Question
The unpaid seller has also a ________ interest in them untill the
buyer is deemed to have accepted the goods
Correct Answer
Defensible
Question
Correct Answer
script for a film
Select The Blank
Question
The ICC Court of arbitration its seat at the headquarters of the ICC
in________
Correct Answer
Paris
Select The Blank
Question
Correct Answer
frandulently
Select The Blank
Question
The ________ of the product concept is the first and in many ways
most important safety functions of manufacturers.
Correct Answer
Formulation
Question
The marine insurance policy or the marine insurance certificate
forms a part of the
Correct Answer
Shipping Document
Question
The rights which enable the proprietory of the trade mark to the
exclusive use of that trade mark in relation to the goods for which it is registered is
Correct Answer
Statutory rights
Question
Correct Answer
True/False
Question
Product liability and product safety are the phrases used to
describe the law concerning product-related accidents and illness
Correct Answer
True
True/False
Question
In the case of joint authorship, the term of copyright is in relation
to the author who dies first
Correct Answer
False
SCDL_PGDIB_SEM_2_ICL_5_4SET_B
Select The Blank
Question
________
Correct Answer
Assured
Question
An administrative commission for concilliation is constituted at the
ICC and for each dispute a conciliation committee of three members is set up by the
Correct Answer
President of ICC
Question
The broker wright the essentials of the proposed insurance in
Correct Answer
The Slip
Select The Blank
Question
In legal phraseology there is no privity of ________ between
Correct Answer
Contract
True/False
Question
The law of products liability governs the public litigation of product
accidents
Correct Answer
False
Question
The contractual nature of arbituration determines Questions ,
which are not free from controversy . The Question are
Correct Answer
Whether arbitration himself can decide conclusively ,
whether it the arbitration clause is contained in the original contract , whether the
arbitation clause itself is under cloud
Question
A contract in which the parties agree that a false invoice be isued
is
Correct Answer

Question
In stand by letters of credit, the bank may also be instructed to
Correct Answer
Select The Blank
Question
It would be infringed by making a ________ copy of the
Correct Answer
facsimile
Question
Apolicy which specifies the agreed value of the subject mateer
insured
Correct Answer
A valued policy
Question
Correct Answer
inspection
True/False
Question
Correct Answer
True
True/False
Question
In the case o fliterary work like encyclopedia dictionaries, year
books etc., i.e. where there is collective work and output, there is a joint authorship.
Correct Answer
False
Question
Where the subject - matter is insured from one point to another
isa
Correct Answer
Voyage policy
Question
The container is normally shipped under an ordinary
Correct Answer
Shipped bill of lading
Question
Correct Answer
contract
Unenforceable contract , Voidable contract , Illegal

Question
The most frequent method of payment for goods is the export
trade is
Correct Answer
Letter of credit
Question
The single most important document in International Trade and
Correct Answer
L/C
Select The Blank
Question
Correct Answer
Letters of Insurance
Question
If the carriage of goods by sea are carried in bulk, e.g. coal, oil,
Correct Answer
charter party
Question
Correct Answer
Question
Correct Answer
Question
Correct Answer
script for a film
Question
The letter of cradit should state which of the methods have been
Correct Answer
negotiance
Select The Blank
Question
Correct Answer
frandulently
Select The Blank

Question
account the model law and Rules recommended by United Nation for efficient
________ of disputed arising in international commercial relation
Correct Answer
Settlement
Question
The work under the copyright Act should be
Correct Answer
Question
The marine insurance policy or the marine insurance certificate
forms a part of the
Correct Answer
Shipping Document
Match The Following
Question
The manufacturing processQuality control
Quality control
Important issue of vertical privity is Who can be sued The marketing process
Sales talk
Opinion maticulous precautions

sued
Who can be

Question
A general average act has to satify the followling requirements. It
must be
Correct Answer
In time of peril , An extraordinary sacrifice or expenditure
, Purposely resorted to
True/False
Question
The arbitrator , like a judge, has power to order the inspection of
the object in dispute.
Correct Answer
True
True/False
Question
Ii is in the public interest to encourage the marketing of the
Correct Answer
False
True/False
Question
The expression literary work covers work which is expressed in
Correct Answer
True
Question
If the carriage of goods by sea are individual pakages, they are
carried under
Correct Answer
bill of lading
Question
It is essential that a patentable invention must possess
Correct Answer
Utility
Question
Correct Answer
Regulatory law
Select The Blank
Question
A ' would be patentee may endanger his own chances by any sort
of publicity ________ registration of a patent
Correct Answer
Before
Question
Correct Answer
True/False
Question
The two types of contract of carriage by sea is contracts evident by
bill of lading and contracts containing perils
Correct Answer
False
Select The Blank

Question
Correct Answer
Liquidated damages
Question
Correct Answer
Question
The novelty of an invention is to be recognized from the angle of
Correct Answer

Question
Correct Answer
invoice
Question
Correct Answer
True/False
Question
The buyer is entitled to refuse the acceptance of the goods if they
are packed in accordance of his instructions
Correct Answer
False
Match The Following
Question
Member India
GATT
WTO

India
GATT
India, a party
Member
TRIPS agreemnt TRIPS agreemnt
True/False
Question
Where a cargo is a tender in such a manner as to put an ordinary
careful insurer on inquriy and he fails to inquire a waiver may be assumed
Correct Answer
True
SCDL_PGDIB_SEM_2_ICL_5_4SET_C
Select The Blank

True/False
True/False
Correct Answer True
Select The Blank
Match The Following
Legalprotection of
computer software
protection
Select The Blank
the parties.
True/False
the invention
Select The Blank
True/False
Select The Blank

True/False
Correct Answer True
True/False
True/False
joint authorship.
Select The Blank

any terrorist
True/False
to standby credits
True/False
Select The Blank
Select The Blank
itself.
True/False
Select The Blank

Select The Blank
Correct Answer Ship
True/False
issuing

Select The Blank
Match The Following
GATT GATT
Agreement (TRIPS)_

patents
dispute proceeds to
most
Select The Blank
True/False
Question In the case of a confirmed credit, the engagement of the advising bank to
True/False
Correct
Answer
True
Select The Blank
of pubilc.
Match The Following
Legalprotection of
computer software
Not entitled for
Select The Blank
True/False
Select The Blank
commencement and destination of the transit
True/False
Select The Blank
Correct
Answer
dated
True/False
Correct
Answer
True
Correct
Answer
Insurance company
True/False
impartial.
True/False
Question In the case of literary work like encyclopedia dictionaries, year books etc.,
Select The Blank
negotiance
True/False

True/False
lading is not.
Select The Blank
Select The Blank
the idea itself.
True/False
Rules apply.
Select The Blank
Select The Blank

Question The clause Arrival means that the seller has to cause delivery to be made
to the buyer from the ________
Correct Answer Ship
True/False
of sale that payment shall be made under a letter of credit , The overseas buyer
instructs a bank at his place of business to open a letter of credit , The advising bank
document
Select The Blank
Match The Following
member
GATT GATT
World Trade
Organization
Member India WTO
Rights Agreement
(TRIPS)_
for patents
Correct Answer
SCDL_PGDIB_SEM_2_ICL_5_4SET_D
True/False
Question The floating policy is not a time policy but the aggregation of voyage
policies
Correct Answer True
Select The Blank
Select The Blank
Question In legal phraseology there is no privity of ________ between customer
and manufacturer
Select The Blank
True/False
Question Words which do not describe the character or quality of goods are
registerable.
Correct Answer True
True/False
Question The seller pays all the charges upto the loading of goods at the address
of buyer
True/False
Select The Blank
Question In a contrat between A, B Of Bombay and Banglore respectively it may
be provided that all dispute between them should be decided by a court in Bombay.
Question GATT is a multilateral treaty that lays down general rules for the cnduct
of
Question The Institute Cargo clauses B covers the loss of or damage to the subject
- matter insured reasonably attributed to
Correct Answer Fire or explosion , Discharge of cargo at a port of distress ,
Select The Blank
Question The burden of proof for recovery under the insurance is that of the
________
True/False
Correct Answer True
True/False
Question Ii is in the public interest to encourage the marketing of the products

Match The Following
Match The Following
An automobile or high speed machinery maticulous precautions The marketing
process
Question The critical point is in the port of shipmentin the traditional forms of
True/False
Question Scenic effects and costumes are not the subjects of copyright even if
they are artistic

Select The Blank
Select The Blank
Correct Answer Ship
True/False
Question Time policies may cover a fixed priod of twelve months on the
continuation clause
True/False
Question The computer programmes have been included in the ambit of
patentability
Select The Blank
Select The Blank
Select The Blank
Select The Blank
Question ________ has no eastablished status in Law but are admissible in

Correct Answer War exclusion clause , Strike exclusion , Loss or damage caused
by any terrorist
Select The Blank
Correct Answer Negligence , Misrepresentation, both tortions and by breach of
True/False
Question The buyer is entitled to refuse the acceptance of the goods if they are
True/False
Question An electrical terminal for washing meachine was held registrable because
Correct Answer The policy number , The subjectmatter insured , The amount
insured
True/False
Question
The terms of the contract of sale are conditions and warranties

Your Answer
True

Question
The Indian Court have summed up the following ingredients or elements to settle the
questions of similarity of two marks.
Correct Answer Overall construction , Phonetic Similarity , The overall similarity
Your Answer
Phonetic Similarity , The overall similarity , Overall construction
Select The Blank

Question
When the consumer deals with the retailer rather than directly with the manufacture he
establishes a ________ relationship
Your Answer
Contractual

Question
Device marks which are the property of the government and those which are prohibited
by the statute are not
Correct Answer Registerable
Your Answer
Registerable
Select The Blank

Question
The Arbitrations and Conciliation Act, 1996 was enacted taking into account the model
law and Rules recommended by United Nation for efficient ________ of disputed arising
in international commercial relation
Your Answer
Settlement

Question
The polices which covers a period exceeding twelve months on the continuation clause is
a
Correct Answer Time policy
Your Answer
Time policy

Question
Any loss occuring during the period of insurance coverentitles the assured to recover
Correct Answer Insurable interest
Your Answer
Unpaid insurance
True/False
Question
The New York convention represents a progress in the field of International arbitration as
compared to the Geneva provisions
Correct Answer True

Your Answer
True

Question
The notice by the buyer to the seller to reject the goods should be
Correct Answer Clear , definit , Not to be cotradicted by an act
Your Answer
Select The Blank

Question
Your Answer
Quasi contract
Select The Blank

Question
Protection of industrial property is not an end in itself. It is a ________ to encourage
creative activity, industrialisation, investment and honest trade
Correct Answer Means
Your Answer
Means

Question
Correct Answer L/C
Your Answer
L/C

Question
The features that are applied to the article must appeal to the
Correct Answer Eye
Your Answer
True/False
Question
Eye
The computer programmes have been included in the ambit of patentability

Your Answer
False
SCDL_PGDIB_SEM_2_ICL_SUMEET_ATTEMPT_2_28.08.06
Select The Blank

Question
The ________ of subrogation is different from the Rightof the insurer on abandonment
Correct Answer
Right
Your Answer
Right

Question
Correct Answer
Negligently
Your Answer
Negligently

Question
Correct Answer
work of dance and mine , the scenario for a film , the script for a film
Your Answer

Question
If the carriage of goods is alone by any one mode of trasportation, the international
transport
Correct Answer unimodel
Your Answer
unimodel

Question
Neither the carrier nor the ship would be responsible for loss or damage arising or
resulting from
Correct Answer Act of God , Act of War , Quarantine restriction
Your Answer
Select The Blank

Question
The unpaid seller has also a ________ interest in them untill the buyer is deemed to have
accepted the goods
Your Answer
True/False
Question
Defensible
Correct Answer
True
Your Answer
True
Match The Following
True/False
Question
Correct
Answer
Your Answer
In the case o fliterary work like encyclopedia dictionaries, year books etc., i.e.
False
False
Select The Blank

Question
The remedies for infringement of patent are injunction and ________
Correct
Answer
Your Answer
True/False
Question
Correct
Answer
Your Answer
Damages
Fine
The New York convention represents a progress in the field of International

arbitration as compared to the Geneva provisions
True
True
Select The Blank

Question
Copying of a computer programme from one ________ disc to another is an
infringement
Correct
magnetic
Answer
Your Answer
protected

Question
distinguished
Correct
The exporter and the overseas buyer agree in the contract of sale that
Answer
payment shall be made under a letter of credit , The overseas buyer instructs a
informs the exporter that it will negotiate, his draft upon delivery of the
transport document
Your Answer
The exporter and the overseas buyer agree in the contract of sale that
payment shall be made under a letter of credit , The overseas buyer instructs a
informs the exporter that it will negotiate, his draft upon delivery of the
transport document
True/False
Question
Correct
Answer
Your Answer
Product liability and product safety are the phrases used to describe the law
True
True

Question
The main object of the copyright Act is to
Correct
protect the writer and the artist
Select The Blank

Question
The ________ of subrogation is different from the Rightof the
insurer on abandonment
Correct Answer Right
Your Answer
Right

Question
Your Answer
Negligently

Question
Correct Answer work of dance and mine , the scenario for a film , the script for a
film
Your Answer
film
Question
If the carriage of goods is alone by any one mode of
trasportation, the international transport
Correct Answer unimodel
Your Answer
unimodel

Question
Neither the carrier nor the ship would be responsible for loss or
damage arising or resulting from
Correct Answer Act of God , Act of War , Quarantine restriction
Your Answer
Select The Blank

Question
Your Answer
Defensible
True/False
Question
Correct Answer True

Your Answer
True
True/False
Question
In the case o fliterary work like encyclopedia dictionaries, year

books etc., i.e. where there is collective work and output, there is
a joint authorship.
Your Answer
False
Select The Blank

Question
The remedies for infringement of patent are injunction and
________
Your Answer
Fine
True/False
Question
The New York convention represents a progress in the field of

International arbitration as compared to the Geneva provisions
Correct Answer True
Your Answer
True
Select The Blank

Question
Copying of a computer programme from one ________ disc to
another is an infringement
Correct Answer magnetic
Your Answer
protected

Question
Where payment under a letter of credit is arranged, the stages
can normally be distinguished
Correct Answer The exporter and the overseas buyer agree in the contract of
sale that payment shall be made under a letter of credit , The
overseas buyer instructs a bank at his place of business to open
a letter of credit , The advising bank informs the exporter that it
Your Answer
The exporter and the overseas buyer agree in the contract of
sale that payment shall be made under a letter of credit , The
overseas buyer instructs a bank at his place of business to open
a letter of credit , The advising bank informs the exporter that it
True/False
Question
Product liability and product safety are the phrases used to

describe the law concerning product-related accidents and
illness
Correct Answer True
Your Answer
True

Question The memorandum of every company shall state
Correct Answer The name of the company , The registered office , The main
objects
Your Answer The name of the company , The registered office , The main
objects
Question A minor admitted to the benefits of partnership is
Correct Answer entitled for the profits of agreed upon , not personally liable for
any act of firm , not entitled to sue partners for account
Your Answer entitled for the profits of agreed upon , not personally liable for
Question The exceptions to the Wagering Agreement are
Correct Answer Cross-word competitions , Horse-race
Your Answer Match Fixing
Question The goods which are identified and agreed upon at the time of a
contract of sale is made:
Correct Answer Specific goods
Your Answer Specific goods
objects
objects
Question A minor admitted to the benefits of partnership is
Correct Answer entitled for the profits of agreed upon , not personally liable for
Your Answer entitled for the profits of agreed upon , not personally liable for
Question The liability of companies on the basis of liability are
Correct Answer Unlimited companies , Limited by guarantee , Limited by shares
Your Answer Unlimited companies , Limited by guarantee , Limited by shares
Question The feature of the Contingent Contracts is that they
Correct Answer depend upon the circumstances, which makes them valid or void
Your Answer are enforceable contracts
Question The law relating to sale of movable goods is contained in the

Correct Answer The Sale of Goods Act, 1930
Your Answer The Sale of Goods Act, 1930
Select The Blank
Question As per S.2(1) (f) of the Consumer Protection Act, defect means
any ________ in the quality of goods
Correct Answer shortcoming
Your Answer shortcoming
Select The Blank
Question Future consideration is also known as ________ consideration.
Correct Answer executory
Your Answer executory
Select The Blank
Question One of the two kinds of presentment of an Instrument is by
________
Correct Answer Payment
Your Answer Payment
True/False
Question Registration is compulsory for all the companies.
Correct Answer True
Your Answer True
Question Coercion means and includes
Correct Answer any act forbidden by the Indian Penal Code , any threatening to
commit illegal act
Your Answer any act forbidden by the Indian Penal Code , any threatening to
commit illegal act
Select The Blank
Question Members of a club or a society are the ________ of each other.
Correct Answer friends
Your Answer friends
Question A company which is not a private company is
Correct Answer Public company
Your Answer Public company
True/False
Question Company is treated as a legal person distinct from its members.
Correct Answer True
Your Answer True
Select The Blank
Question If any ________ is present while forming the agency then the
relationship of agency becomes contractual.
Correct Answer consideration
Your Answer consideration
True/False
Question Where a cheque is crossed specially, the banker to whom it is
crossed may again cross it specially to another banker, his
agent, for collection.
Correct Answer True
Your Answer True
Question The Articles of Association contains the
Correct Answer Rules , Regulations , Bye-laws
Your Answer Rules , Regulations , Bye-laws
Question Following are the general agents Correct Answer A manager of a branch office , Managing Director of a company ,
Commission agent
Your Answer A manager of a branch office , Managing Director of a company ,
Commission agent
Question An agency by necessity may arise in following three
circumstances,
Correct Answer When an agent exceeds his authority in an emergency , When a
person is entrusted with another's property , In case of husband
and wife
Your Answer When an agent exceeds his authority in an emergency , When a
person is entrusted with another's property , In case of husband
and wife
Question the authority of the agent as it appears to others is called as
Correct Answer apparent authority
Your Answer apparent authority
Match The Following
Minor's Agreement Void ab initio Void ab initio
Threatning to commit Coercion Coercion
Consideration Past, Present and Future Past, Present and Future
Mistake Fact and Law Fact and Law
True/False
Question A contract of sale may either be a sale or an agreement to sell.
Correct Answer True
Your Answer True
Question The sale of goods is the most common of all
Correct Answer Commercial contracts
Your Answer Commercial contracts

objects
objects
Question The exceptions to the Wagering Agreement are
Correct Answer Cross-word competitions , Horse-race
Your Answer Match Fixing
Question The term of Central Protection Council is
Correct Answer Three years
Your Answer Three years
Question Constructive delivery is also called as Delivery by
Correct Answer Attornment
Your Answer Attornment
True/False
Question "Law" means a set of rules and regulations in the nature of
dictatorship.
Your Answer False
True/False
Question The liability of the drawer of a Bill of Exchange is primary and
absolute.
Your Answer False
True/False
Question Consideration can not be a past consideration.
Your Answer False
Select The Blank
Question Agents are ________ to act within the scope of the authority
given.
Correct Answer authorised
Your Answer authorised
True/False
Question An agreement to sell takes place in the case of existing goods or
specific goods.

Your Answer True
Question The right of lien can be exercised by the unpaid seller for
Correct Answer getting the price
Your Answer getting the price
Question Following are the characteristics of the partnership at will
Correct Answer Partners are always free to break their relationship at their whim
, It is for indefinite period
Your Answer Partners are always free to break their relationship at their whim
Question The registrar issues the letter of approval to approve the
Correct Answer Name of the company
Your Answer Name of the company
Select The Blank
Question Articles are ________ to and controlled by the memorandum.
Correct Answer subordinate
Your Answer subordinate
True/False
Question A contract of sale of goods is a contract whereby the seller
transfers or agrees to transfer the property in goods to the buyer
for a price
Correct Answer True
Your Answer True
Question Liabilities of partners arises to third party
Correct Answer for wrongful acts of a partners , for misappropriation by its
partners , for acts of the firm
Your Answer for wrongful acts of a partners , for misappropriation by its
partners , for acts of the firm
Select The Blank
Question One man holds practically the ________ of the share capital of
the one man company.
Correct Answer whole
Your Answer whole
True/False
Question A banker is a mercantile agent.
Your Answer False
Question Articles of Association contains
Correct Answer Regulations of the company , Internal affairs of the company ,
Conduct of company's business

Your Answer Regulations of the company , Internal affairs of the company ,
Conduct of company's business
Select The Blank
Question The property in the Negotiable Instrument passes from one
person to another person by ________ delivery.
Correct Answer Mere/ Simple
Your Answer Presumed
Select The Blank
Question A ________ is an artificial person and has a legal entity.
Correct Answer Company
Your Answer Company
Question A legal representative being holder of Negotiable Instrument can
sue
Correct Answer after the death of the holder
Your Answer after the death of the holder
Question In case of private limited company, minimum number of
members is two while the maximum is
Correct Answer 50
Your Answer 50
Match The Following
An agent occupying the
position of a guarantor as
Del Credere Agents Del Credere Agents
well as that of an agent
An agent facilitating the
distribution of goods are
international level
Indenting Agents Indenting Agents
An agent helping the
importers of goods
Clearing goods Clearing goods
An agent helping the
exporters of goods
Forwarding Agents Forwarding Agents
Select The Blank
Question The object of the Consumer Protection Act of 1986 is to educate
the people so that they can find out ________ for their
grievances
Correct Answer legal remedies
Your Answer legal remedies

True/False
Question Copies of memorandum and articles shall not be given to
members.
Your Answer False
Question One man company is generally a
Correct Answer private company
Your Answer private company
Question A company has continuity of life. Its life is not affected by
Correct Answer Death , Lunacy , Insolvency
Your Answer Death , Lunacy , Insolvency
Question According to Rule 3 of the Consumer protection rules the Central
Council consists of the following members
Correct Answer Minister in-charge of the dept. of home , Minister in-charge of
dept. of Commerce and Industry , Minister in-charge consumer
affairs in states
Your Answer Minister in-charge of dept. of civil supplies , Minister in-charge
consumer affairs in states
Select The Blank
Question A company is a ________ company if the holding company
controls the majority composition of its board of directors.
Correct Answer subsidiary
Your Answer subsidiary
Question The Articles of Association are subsidiary to
Correct Answer Companies Act , Memorandum of Association
Your Answer Companies Act , Memorandum of Association
Question The memorandum of a company shall be
Correct Answer Printed , Divided into paragraphs numbered consecutively ,
Signed by each subscriber
Your Answer Printed , Divided into paragraphs numbered consecutively ,
Question A cheque can be
Correct Answer Bearer , Order , Crossed
Your Answer Bearer , Order , Crossed
Select The Blank
Question A Company subject to the provisions of section 32 of the
companies act as unlimited may register under this Act as a
________
Correct Answer Limited company
Your Answer Limited company
Question Amendments made in the Consumer Protection Act in 1993 are
Correct Answer To add "services" relating to housing constructions , To enable
filing class action complaints , To impose punishment on the
complainant in cases of vexatious complaint.
Your Answer To add "services" relating to housing constructions , To enable
filing class action complaints , To impose punishment on the
complainant in cases of vexatious complaint.
True/False
Question Directors are not allowed to borrow from the private company.
Your Answer False
Question Negotiable instrument recognised by law are
Correct Answer Bill of exchange , Cheque , Promissory Note
Your Answer Bill of exchange , Cheque , Promissory Note
Question Following persons can not be called partners
Correct Answer minors , insolvents , co-owners without the agreement to carry
on the business
Your Answer minors , insolvents , co-onwers with the agreement to carry on
the business
True/False
Question An agreement is defined as a contract at its inception.
Correct Answer True
Your Answer True
Question Following are the elements which constitute a partnership
Correct Answer there must be a contract regarding a partnership , there must be
an association of two or more persons
Your Answer there must be a contract regarding a partnership , there must be
Question The goods, which are identified and agreed upon at the time of a
contract of sale, are known as
Question A Company is created by
Correct Answer Law
Your Answer Law
True/False
Question A company may alter the provisions of its memorandum so as to
change the place of registered office from one state to another
foreign country.
Your Answer True
Question The goods, which are identified and agreed upon at the time of a
contract of sale, are known as
Question A company is a legal personality and as such it can
Correct Answer Own its property in its own name , Enjoy its property in its own
name , Dispose of its property in its own name
Your Answer Jointly own property with shareholders , Own its property in its
own name , Enjoy its property in its own name
True/False
Question A minor can be admitted as a partner with the consent of all
other partners.
Correct Answer True
Your Answer True
Question There can not be any partnership where a business is carried on
Correct Answer with a benevolent purpose , where any one of the partners is
entitled to total profit earned
Your Answer with a benevolent purpose , to earn profitto earn profit , where
any one of the partners is entitled to total profit earned
Question Following are the persons who cannot enter into partnership firm
Correct Answer A Burmese Buddhist husband and wife carrying on business ,
the members of Hindu Undivided Family carrying on Family
business
Your Answer A Burmese Buddhist husband and wife carrying on business ,
business , persons from minority community
Question The holder of Negotiable Instrument has a right to
Correct Answer sue for recovery
Your Answer sue for recovery
True/False
Question A company is created by law and not by natural birth.
Correct Answer True
Your Answer True

Question Following are the conditions needed to prove an act of a partner
is an act of a partnership firm
Correct Answer such a act be done in a ordinary course of a partnership firm , it
must be related to the business of the firm , act must have been
done in the name and on behalf of the firm
Your Answer such a act be done in a ordinary course of a partnership firm , it
Select The Blank
Question The directors of a company have to file their consent with the
________ to act as director.
Correct Answer registrar
Your Answer registrar
Select The Blank
Question Under ________ influence the dominant party may hold a real
authority over the other party.
Correct Answer undue
Your Answer undue
Question The essence of contract of sale is
Correct Answer sale of goods
Your Answer sale of goods
Match The Following
Presentation of Negotiable
Instrument
For payment For submitting
When an endorser signs
the instrument and adds a
direction to pay the
amount mentioned therein
Endorsement in full Endorsement in full
Default in payment of
amount of cheque
Dishonour of cheque For payment
Notice of dishonour of
cheque
Mandatory provision Dishonour of cheque
Select The Blank
Question One man holds practically the ________ of the share capital of
the one man company.
Correct Answer whole
Your Answer whole
True/False
Question A contract of sale of goods is a contract whereby the seller
transfers or agrees to transfer the property in goods to the buyer
for a price
Correct Answer True
Your Answer True
Select The Blank
Question Whenever the term illegal contract is used, it involves ________
Correct Answer inconsistency
Your Answer voidity
Select The Blank
Question If any ________ is present while forming the agency then the
relationship of agency becomes contractual.
Correct Answer consideration
Your Answer consideration
True/False
Question An agreement to sell takes place in the case of existing goods or
specific goods.
Your Answer False
Question A partner who invests capital & share profits but do not take
active part in firm's business is
Correct Answer a dormant or sleeping partner
Your Answer a dormant or sleeping partner
Select The Blank
Question Partnership firm can be dissolved by the order of ________
Correct Answer court
Your Answer court
Question The rights of the partners are
Correct Answer right to retire , right to be indemnified , right not to be expelled
Your Answer right to retire , right to be indemnified , right not to be expelled
Match The Following
The aggregate value of
the realization made from
the sale
Turnover Turnover
Confirmation by the
company law board
Change of the registered
office from one state to
another

another
A certificate of
incorporation given by the
registrar
Conclusive evidence Conclusive evidence
The period of three
consecutive financial
years
Relevant period Relevant period
Select The Blank
Question Partnership business carried on continuous losses, the court
may order to ________ the firm.
Correct Answer dissolve
Your Answer dissolve
True/False
Question Partnership is an association of three or more persons formed to
run the business and share the profits earned in the business.
Your Answer False
Question If the complainant fails to comply with any order passed by the
District Forum then he is punishable with a fine which shall not
be less than
Correct Answer Rs.2,000/- but which can be extended upto Rs.10,000/Your Answer Rs.2,000/- but which can be extended upto Rs.10,000/Select The Blank
Question Members of a club or a society are the ________ of each other.
Correct Answer friends
Your Answer agents
Question Following are the circumstances under which an offer lapses
Correct Answer offeree makes conditional offer , offeree fails to communicate the
acceptance
Your Answer offeree makes conditional offer , acceptor comes to know about
the death of the proposer , offeree fails to communicate the
acceptance
Question Under the Indian Contract Act a person of sound mind is the one
capable of
Correct Answer Understanding the agreement, he is involved in
Your Answer Understanding the agreement, he is involved in
Question The corporate veil under the Companies Act may be lifted in the
following instances
Correct Answer To investigate the real ownership of shares , To investigate the
names and members of the company , To investigate whether
the company is sham
Your Answer To investigate the real ownership of shares , To investigate the
the company is sham
Select The Blank
Question The person acting as an agent on behalf of the principal should
act ________.
Correct Answer honestly
Your Answer honestly
Question The particular partnership automatically comes to an end
Correct Answer on the completion of the venture , at the expiry of the fixed term
Your Answer on the completion of the venture , at the expiry of the fixed term ,
by resignation of almost all the partners
Select The Blank
Question According to Prof. Hanney, "Partnership is the relating existing
between persons competent to make contracts who agree to
carry on a ________"
Correct Answer Lawful business is common with a view to private gain
Your Answer Legal business is common with a view to private gain
Question Particular partnership business is carried for
Correct Answer particular adventure
Your Answer perpetual adventures
Question During the continuance of the firm, a transfer by a partner of his
interest is the first restricts the transferee to
Correct Answer inspect the books of the firm , require accounts , interfere in the
conduct of a business of a firm
Your Answer inspect the books of the firm , receive the share of profits of the
transferring partner , interfere in the conduct of a business of a
firm
Select The Blank
Question A partner has a right to settle the ________ of the firm out of the
property of the firm.
Correct Answer debts
Your Answer debts
Select The Blank
Question Dissolution of partnership involves a change in ________ of
partners.
Correct Answer relationship
Your Answer relationship
Question In India, some of Negotiable Instruments by usage or custom of
trade are
Correct Answer Government promissory notes , Bankers drafts , Pay off orders
Your Answer Government promissory notes , Bankers drafts , Bills of
exchange
Select The Blank
Question One of the two kinds of presentment of an Instrument is by
________
Correct Answer Payment
Your Answer Payment
Question Where future Negotiability of Negotiable Instrument is restricted
such endorsement is called
Correct Answer restrictive endorsement
Your Answer conditional endorsement
True/False
Question Railway or S.T. Receipts, Dividend, Warrants, Railway Bonds
are not Negotiable Instrument.
Your Answer False
True/False
Question Presumptions do not apply where an instrument is obtained by
fraud, offence or illegal consideration.
Correct Answer True
Your Answer True
Question When an offer is made to world-at-large, the contract is
Correct Answer made with the person who signs or performs the terms and
conditions of the offer
Your Answer made with world-at-large
Question Which of the following is the essential element of the contract ?
Correct Answer free consent
Your Answer free consent
commit illegal act
Your Answer any act forbidden by the Indian Contract Act , any threatening to
commit illegal act , act forbidden by any law

Question The object of the contract should be
Correct Answer legal one , lawful
Your Answer any business , lawful
Question The ingredients of the proposal are
Correct Answer communication by one to another , to do or to abstain from doing
something , the object should be to take assent of another
Your Answer communication by one to another , to do or to abstain from doing
something , the object should be to take assent of another
Question Following are the essentials of valid acceptance
Correct Answer acceptance must be qualified , acceptance must be
communicated to the offeror
Your Answer acceptance can precede an offer , acceptance must be qualified
, acceptance must be communicated to the offeror
True/False
Question An agreement should be certain and unambiguous.
Correct Answer True
Your Answer True
Select The Blank
Question When the person to whom the proposal is made signifies his
assent thereto, the proposal is said to be ________.
Correct Answer accepted
Your Answer accepted
Select The Blank
Question Every promise and every set of promises, forming the
consideration for each other, is an ________.
Correct Answer agreement
Your Answer commitment
Select The Blank
Question Past consideration is one which is wholly suffered by the
________ even before making of the agreement.
Correct Answer promisee
Your Answer parties
Question There is always a direct privity of contract between the principal
and the following
Correct Answer substituted agent , co-agent , general agent
Your Answer sub-agent , substituted agent , co-agent
True/False
Question An agency cannot be terminated at all. In other words a contract
of agency is perpetual.
Your Answer False

True/False
Question An auctioneer has full authority to sell the goods of his principal
by private contracts.
Your Answer False
True/False
Question A person who merely gives an advice to another person in
matters of business, does not thereby becomes his agent.
Correct Answer True
Your Answer True
True/False
Question Contingent goods are a type of specific goods.
Your Answer False
Match The Following
Sale of goods Act, 1930 Movable goods Movable goods
Caveat emptor Let the buyer beware Immovable Goods
Sale Exchange of goods for
price
Exchange of goods for
price
Barter system Exchange of goods for
goods
Exchange of goods for
goods
Match The Following
Unpaid seller Right of lien on goods Right of lien on goods
Future goods Agreement to sell Agreement to sell
Identified goods Ascertained goods Movable Goods
Unascertained goods Generic goods Generic goods
Question Existing may be further classified as
Question Jurisdictions of the National Commission are
Correct Answer Monetary , Appellate , Supervisory and Revisional

Your Answer Monetary , Appellate , Supervisory and Revisional
Question The order of the Commission can be set aside by
Correct Answer The Supreme Court , The National Commission
Your Answer The Supreme Court , The National Commission , Central Council
Question The National Commission has the power to entertain appeals
against the orders of any
Correct Answer State Commission
Your Answer State Commission
Question The advocate rendering his services free of charge and without
any consideration and compensation, a claim for compensation
against such advocate for deficiency in service
Correct Answer is not maintainable
Your Answer is not maintainable
Question The main aim and important criterion of decoding the
commercial purpose is whether the aim of purchasing the goods
is to
Correct Answer earn profit
Your Answer earn profit
Question The memorandum of Association is the most important
document, it acts out
Correct Answer The constitution , The formation , The objectives
Your Answer The formation , The objectives , The preamble
True/False
Question The change of name shall affect all the rights and obligations of
the company.
Your Answer True
True/False
Question Subsidiary company can hold shares and can acquire
membership of the holding company.
Your Answer False
True/False
Question The statement in lieu of prospectus is prepared only for
advertising purpose.
Your Answer True
Select The Blank
Question Special resolution and confirmation by ________is required for

alteration of Memorandum.
Correct Answer Company Law Board
Your Answer Company Law Board
Select The Blank
Question Shelf prospectus is a prospectus issued by any ________
institutions for one or more issues of the securities.
Correct Answer financial
Your Answer financial
Question The memorandum of Association of a company is very
important. It contains
Correct Answer The name clause , The objects clause , The capital clause
Your Answer The name clause , The objects clause , The capital clause
Question A Company shall, on being so required by a member, send to
him a copy of following documents
Correct Answer The Memorandum , The articles , Every other agreement
Your Answer The Memorandum , The articles , Share of profits
Question A Company after its registration, possesses
Correct Answer Legal entity
Your Answer Legal entity
Question A public company doesn't have its own articles of association, it
may adopt
Correct Answer Table A as given in schedule-1
Your Answer Table A as given in schedule-1
Select The Blank
Question Special resolution and confirmation by ________is required for
alteration of Memorandum.
Correct Answer Company Law Board
Your Answer Company Law Board
Select The Blank
Question The directors of a company have to file their consent with the
________ to act as director.
Correct Answer registrar
Your Answer registrar

Your Answer it must be related to the business of the firm , act must have
been done in the name and on behalf of the firm
Question A partner who invests capital & share profits but do not take
active part in firm's business is
Correct Answer a dormant or sleeping partner
Your Answer a dormant or sleeping partner
True/False
Question The maximum number of persons in the case of a partnership
firm carrying on banking business must not exceed twenty.
Your Answer True
Question Certain effects of the insolvency of a partner are as follows
Correct Answer An insolvent partner ceases to be a partner , The partnership
firm dissolve on the insolvency of any partner
Your Answer An insolvent partner ceases to be a partner , The partnership
firm dissolve on the insolvency of any partner , Firm is held liable
for any acts of insolvent after the adjudication
Question A partner is called as an outgoing partner by
Correct Answer retirement , death , expulsion
Your Answer retirement , death , expulsion
Question A person is considered the holder of Negotiable Instruments if
Correct Answer his name appear on an instrument , he is in possession of bearer
instrument , he is the endorses of a cheque
Your Answer he is in possession of bearer instrument , he is the endorses of a
cheque
Select The Blank
Question In order to become a holder, a person must possess the
instrument under some ________ title.
Correct Answer Lawful
Your Answer Lawful
Question Material attestation of Negotiable Instrument unless carried out
common intention of the original parties becomes
Correct Answer void

Your Answer void
Question In the Bill of Exchange, the person who is ordered to pay is
called as
Correct Answer drawee
Your Answer drawee
True/False
Question An agreement enforceable by law is a contract.
Correct Answer True
Your Answer True
Select The Blank
Question An offer must create ________ relationship
Correct Answer Legal
Your Answer Legal
Select The Blank
Question In ________ contract, all the parties perform their promise.
Correct Answer an executed
Your Answer definite
Select The Blank
Question Substitution of a new contract in the place of the old one means
________.
Correct Answer Novation
Your Answer Novation
Select The Blank
Question In a ________ contract, the future event is collateral to the
contract.
Correct Answer Contingent
Select The Blank
Question Past consideration is one which is wholly suffered by the
________ even before making of the agreement.
Correct Answer promisee
Your Answer promisee
Question Following are the general agents Correct Answer A manager of a branch office , Managing Director of a company ,
Commission agent
Your Answer A manager of a branch office , Commission agent
True/False
Question General agents are the persons who enjoy a general authority to
do everything in the course of their agency.
Correct Answer True
Your Answer True
True/False
Your Answer False
Select The Blank
Question An agency is based upon the ________
Correct Answer consent
Your Answer consent
Question Goods Means
Correct Answer Debentures , Stocks & shares
Your Answer Debentures , Stocks & shares
Question Goods may be classified as
Correct Answer Existing goods , future goods , contingent goods
Your Answer Existing goods , future goods , contingent goods
Question Lien depends upon
Correct Answer actual possession
Your Answer actual possession
Question The goods, which are owned and possessed by the seller at the
time of sale, are known as
Correct Answer Existing goods/Specific goods
Your Answer Existing goods/Specific goods
Question Where the property in goods has not been transferred, the
unpaid seller has the
Correct Answer right of stop the goods in transit
Your Answer right of stop the goods in transit
Question If there is a breach of condition, a buyer has an option to claim
Your Answer Compensation
True/False
Question Contingent goods are a type of specific goods.
Your Answer False
Question According to the Consumer Protection Act, 1986, a person
includes
Correct Answer Hindu undivided family , Co-operative society , Individual as well
as juristic person
Your Answer Hindu undivided family , Co-operative society , Individual as well
as juristic person
Select The Blank
Question Spurious goods means goods which are ________
Correct Answer fake
Your Answer fake
Question The ammended monetary jurisdiction of the state commission
has been increased from
Correct Answer Five lakhs to rupees one crore (check once)
Your Answer Twenty lakhs to rupees one crore
True/False
Question The Act is passed merely to settle the disputes of commercial
transactions.
Your Answer False
Match The Following
Trade in relation to any
goods
Who distributes goods Who distributes goods
Manufacturer Who makes any goods Who makes any goods
Consumer Dispute Dispute between
consumer and
manufacturer or trader
Dispute between consumer
and manufacturer or trader
Complaint of Consumer Any allegation in writing Any allegation in writing
Question A declaration given for the registration of company is given by
Correct Answer An advocate of Supreme Court , An attorney entitled to appear
before a High Court , A Pleader entitled to appear before a High
Court
Your Answer An advocate of Supreme Court , An attorney entitled to appear
before a High Court , A Pleader entitled to appear before a High
Court
Question In case of private limited company, minimum number of
members is two while the maximum is
Correct Answer 50
Your Answer 60

Question Company based on ownership is
Correct Answer Public company
Your Answer Public company
True/False
Question The Central Government may, by license direct the association
to be registered which is formed as a limited company for
promoting commerce, art etc.
Correct Answer True
Your Answer True
True/False
Question Directors are allowed to borrow from the public companies.
Your Answer False
Select The Blank
Question The confirmation of change of registered office of company
within a state shall be communicated to the company within
________ from the date of receipt of such application.
Correct Answer Four weeks
Your Answer Four weeks
Select The Blank
Question The Articles of Association controls ________ operations of the
company.
Correct Answer internal
Your Answer internal
Select The Blank
Question Issued capital can be defined as the ________ of shares which
are offered to the public for subscription.
Correct Answer nominal value
Your Answer nominal value
Question The liability of companies on the basis of liability are
Correct Answer Unlimited companies , Limited by guarantee , Limited by shares
Your Answer Unlimited companies , Limited by guarantee , Limited by shares
Question The memorandum of Association of a company is very
important. It contains
Correct Answer The name clause , The objects clause , The capital clause
Your Answer The name clause , The objects clause , The capital clause
Question The registrar issues the letter of approval to approve the
Correct Answer Name of the company
Your Answer Name of the company
True/False
Question Alteration of memorandum or articles etc. to be noted in every

copy.
Correct Answer True
Your Answer True
True/False
Question Directors are not allowed to borrow from the private company.
Your Answer False
Match The Following
Confirmation by the
company law board
another
another
A certificate of
incorporation given by the
registrar
Conclusive evidence Conclusive evidence
The period of three
consecutive financial
years
Relevant period Relevant period
The aggregate value of
the realization made from
the sale
Turnover Turnover

Question Particular partnership business is carried for
Correct Answer particular adventure
Your Answer particular adventure
True/False
Question The term business includes every lawful trade, occupation and
profession.
Correct Answer True
Your Answer True
Question If no date for dissolution for partnership at will is mentioned in
notice, the firm is dissolve as from the date of the
Correct Answer Communication of notice
Your Answer Signing the notice
Select The Blank
Question Dissolution of partnership involves a change in ________ of
partners.
Correct Answer relationship
Your Answer relationship
Select The Blank
Question Karta of Joint-Hindu family is ________ of his family.
Correct Answer representative
Your Answer owner
Question Instruments payable on demand are
Correct Answer Cheque , Promissory Note , Bill of Exchange
Your Answer Cheque , Promissory Note
Question A person is considered the holder of Negotiable Instruments if
Correct Answer his name appear on an instrument , he is in possession of bearer
Your Answer his name appear on an instrument , he is in possession of bearer
Select The Blank
Question Section 13 of the Negotiable Instrument Act gives ________ of
Negotiable Instrument.
Correct Answer meaning
Your Answer meaning
Question The person to whom, Negotiable Instrument is transferred is
entitled to
Correct Answer amount
Your Answer property
Question A person who takes Negotiable Instruments is known as
Correct Answer holder
Your Answer holder
True/False
Question Presumptions do not apply where an instrument is obtained by
fraud, offence or illegal consideration.
Correct Answer True
Your Answer True
Question Following are the essential elements of fraud
Correct Answer a false representation , intention to deceive and it must have
done before the conclusion of the contract
Your Answer a false representation , mere falsehood insufficient to give right
of action , intention to deceive and it must have done before the
conclusion of the contract
True/False
Question Mental acceptance amounts to an acceptance.
Your Answer True
Select The Blank
Your Answer an executed
Select The Blank
Question In a ________ contract, the future event is collateral to the
contract.
Correct Answer Contingent
True/False
Question The principal can ratify unauthorised act of an agent.
Your Answer True
Select The Blank
Question An agent is simply blank a ________ between his principal and
the third party.
Correct Answer connecting link

Your Answer connecting link
Match The Following
Agency created by
conduct of the parties
Implied Agency Implied Agency
Agency created by words,
spoken, or written
Express authority Express authority
Essentials of valid
ratification
Existence of principal Existence of principal
Agent appointed for a
special task
Special Agent Special Agent
Select The Blank
Question Unpaid seller's right to stop the goods in transit arises only when
the buyer is ________
Correct Answer Bankrupt
Your Answer Bailee
Question The meaning of the term Caveat Emptor is
Correct Answer let the buyer beware
Your Answer let the buyer beware
True/False
Question In a contract of sale goods can be exchanged for goods.
Your Answer False
Question Where the property in goods has not been transferred, the
unpaid seller has the
Correct Answer right of stop the goods in transit
Your Answer right of stop the goods in transit
Question When goods are exchanged for goods, that amounts to
Correct Answer Barter
Your Answer Barter
True/False
Question The provisions of sale of goods were previously included in the
Indian Contract Act, 1872.

Correct Answer True
Your Answer True
Select The Blank
Question The person who buys the goods for trading purposes is not a
________ under the Consumer Protection Act, 1986.
Correct Answer consumer
Your Answer consumer
Question The salary and other allowances of the members of the National
Commission shall be defrayed out of the
Correct Answer Consolidated fund of India
Your Answer Consolidated fund of India
True/False
Question Services rendered by the Post and Telephone Department are
covered by the Consumer Protection Act, 1986
Correct Answer True
Your Answer True
Match The Following
Consumer Council Quasi-Judicial bodies Legal body
Quasi-judicial bodies of
consumer council
Observe principles of
natural justice
Observe principles of
natural justice
Consumer Buys goods for any
consideration
Buys goods for any
consideration
Consumer Protection Act,
1986
Protect the rights of the
consumer
Protect the rights of the
consumer
Question Classification of companies based on the jurisdiction of
functioning
Correct Answer A National Company , Multinational Company , Foreign
Company
Your Answer A National Company , Multinational Company , Foreign
Company
Your Answer The constitution , The formation , The objectives
Question The Prospectus is
Correct Answer A document raising share capital , A Prospectus can be, any
notice , Issued to invite the subscription to shares
Your Answer A document raising share capital , A Prospectus can be, any
notice , Issued to invite the subscription to shares
Question A company is registered as an artificial person. It has no
Correct Answer Body , Soul , Conscience
Your Answer Body , Soul , Conscience
Question A Company is registered as an
Correct Answer Artificial person
Your Answer Artificial person
True/False
Question The Central Government may, by license direct the association
to be registered which is formed as a limited company for
promoting commerce, art etc.
Correct Answer True
Your Answer True
True/False
Question The memorandum and articles shall, when registered, do not
bind the company and the members thereof.
Your Answer True
Select The Blank
Question Articles are ________ to and controlled by the memorandum.
Correct Answer subordinate
Your Answer equivalent
Question The corporate veil under the Companies Act may be lifted in the
following instances
Correct Answer To investigate the real ownership of shares , To investigate the
the company is sham
Your Answer To investigate the real ownership of shares , To investigate the
the company is sham

Question The very important stages in the connection of formation of a
company are
Correct Answer Promotion , Registration , Floatation
Your Answer Promotion , Registration , Floatation
Your Answer The constitution , The formation , The objectives
Question A Company is registered as an
Correct Answer Artificial person
Your Answer A Legal person
True/False
Question A company may alter the provisions of its memorandum so as to
change the place of registered office from one state to another
foreign country.
Your Answer False
Select The Blank
Question The Articles of Association controls ________ operations of the
company.
Correct Answer internal
Your Answer internal
Select The Blank
Question Issued capital can be defined as the ________ of shares which
are offered to the public for subscription.
Correct Answer nominal value
Your Answer nominal value
Match The Following
Firm Partners Agents of the firm
Partner Agents of the firm Partners
Partnership Can be formed at Will Can be formed at Will
Minor Partner Admitted for profits only Admitted for profits only
Dissolution of a
Partnership
Death or Insanity of the
partners
Death or Insanity of the
partners

True/False
Question Partners can decide their rights and liabilities in the partnership
deed.
Correct Answer True
Your Answer False
Question If no date for dissolution for partnership at will is mentioned in
notice, the firm is dissolve as from the date of the
Correct Answer Communication of notice
Your Answer Communication of notice
Question Following particulars are included in the partnership deed
Correct Answer Name , Address , Nature of business
Your Answer Name , Address , Nature of business
Select The Blank
Question Karta of Joint-Hindu family is ________ of his family.
Correct Answer representative
Your Answer representative
Select The Blank
Question A firm is a name given to the partners ________
Correct Answer collectively
Your Answer collectively
Question Presumptions do not arise where an instrument is obtained by
Correct Answer fraud , offence , illegal consideration
Your Answer fraud , offence , illegal consideration
Question In India, some of Negotiable Instruments by usage or custom of
trade are
Correct Answer Government promissory notes , Bankers drafts , Pay off orders
Your Answer Government promissory notes , Bankers drafts , Pay off orders
Question Bill of exchange must be
Correct Answer in writing , unconditional , stamped
Your Answer in writing , unconditional , stamped
Question Negotiable Instrument Act came into force in the year
Correct Answer 1882
Your Answer 1881
Question A partner of a trading or non trading firm signs a Negotiable
Instrument, liability incurs in
Correct Answer the name of the firm
Your Answer the name of the firm
True/False
Question A Bill of Exchange can be crossed.
Your Answer False
Question Quasi Contract is created by
Correct Answer law
Your Answer law
Question Consensus ad idem means
Correct Answer meeting of minds
Your Answer common intention
True/False
Question A contract entered into by threatening to detain a corpse is a
valid contract.
Your Answer False
Select The Blank
Question An offer must create ________ relationship
Correct Answer Legal
Your Answer Legal
Select The Blank
Question Future consideration is also known as ________ consideration.
Correct Answer executory
Your Answer executory
Select The Blank
Your Answer an executed
Question The acts or transactions made by the agent can be ratified if the
acts or transaction are

Correct Answer illegal , criminal , void ab initio
Your Answer illegal , criminal , void ab initio
True/False
Question Under ratification, principal need not exist at the time of ratifying
the act of the agent.
Your Answer False
True/False
Your Answer False
True/False
Question A sub-agent acts under the direct control of his principal.
Your Answer False
Select The Blank
Question The person acting as an agent on behalf of the principal should
act ________.
Correct Answer honestly
Your Answer honestly
Select The Blank
Question An agency is based upon the ________
Correct Answer consent
Your Answer consent
Select The Blank
Question The contract of agency between the principal and his agent is
________
Correct Answer enforceable
Your Answer considerable
Select The Blank
Question When the notice of stoppage in transit is given by the seller to
the ________in possession of goods, the latter must re-deliver
the goods to the seller.
Correct Answer Carrier
Your Answer Carrier

Question Contingent goods are a type of
Correct Answer Future goods
Your Answer Future goods
True/False
Question Goods which become ascertained subsequent to the formation
of the contract of sale are Ascertained Goods.
Correct Answer True
Your Answer True
Select The Blank
Question When the notice of stoppage in transit is given by the seller to
the ________in possession of goods, the latter must re-deliver
the goods to the seller.
Correct Answer Carrier
Your Answer Carrier
Question Right to withhold the delivery of goods is similar to and coextensive
with the right of
Correct Answer Lein
Your Answer possession of goods
True/False
Question The provisions of sale of goods were previously included in the
Indian Contract Act, 1872.
Correct Answer True
Your Answer True
Question Following are the agencies of a three tier system of consumer
disputes redressal agencies
Correct Answer State commission , National commission , District Forum
Your Answer State commission , National commission , District Forum
True/False
Question Services rendered by the Post and Telephone Department are
covered by the Consumer Protection Act, 1986
Correct Answer True
Your Answer True

Question The memorandum of a company shall be
Correct Answer Printed , Divided into paragraphs numbered consecutively ,
Your Answer Printed , Divided into paragraphs numbered consecutively ,
Question A Company shall, on being so required by a member, send to
him a copy of following documents
Correct Answer The Memorandum , The articles , Every other agreement
Your Answer The Memorandum , The articles , Every other agreement
Select The Blank
Question Shelf prospectus is a prospectus issued by any ________
institutions for one or more issues of the securities.
Correct Answer financial
Your Answer financial
Question A company is a legal personality and as such it can
Correct Answer Own its property in its own name , Enjoy its property in its own
Your Answer Own its property in its own name , Enjoy its property in its own
Question The very important stages in the connection of formation of a
company are
Correct Answer Promotion , Registration , Floatation
Your Answer Promotion , Registration , Floatation
Question Documents to be presented for the registration of a company
with the registrar are
Correct Answer The memorandum of the company , Its articles , The agreement,
if any
Your Answer The memorandum of the company , Its articles , The agreement,
if any
Question A company can sue and also be sued by
Correct Answer In its corporate name
Your Answer Its Shareholders
Match The Following
Constitution and objects of
the company
Memorandum Memorandum
Govern the internal affairs
of the company
Articles of Association Articles of Association
Document includes any
notice, circulation,
advertisement etc.
Prospectus Prospectus
A company having control
over a subsidiary
company
Holding company Holding company
Question Caveat Emptor
Correct Answer Let the buyer beware
Your Answer Let the buyer beware
Question A Wagering Agreement is
Correct Answer all of the above
Your Answer all of the above
Question Quasi-Contract are
Correct Answer Certain relations resembling those created by a contract , is not
actually a contract
Your Answer Certain relations resembling those created by a contract , is not
actually a contract
True/False
Question Statutory meeting is to held once in life time of a company.
Correct Answer True
Your Answer True
True/False
Question Express conditions and warranties are those which have been
agreed upon by the parties at the time of the contract but they do
not form a part of the contract.
Correct Answer True
Your Answer False

on the business
Your Answer minors , insolvents , co-owners without the agreement to carry
on the business
Question The corporate veil may be lifted in the following instances
Correct Answer to protect the public policy , to investigate real ownership of a
company
Your Answer to protect the public policy , to investigate real ownership of a
company
True/False
Question Company can be termed as a Body Corporate.
Correct Answer True
Your Answer True
Question In the agency by holding out, an agent
Correct Answer possesses real authority , falsely leads another person to believe
something which is not a fact
Your Answer falsely leads another person to believe something which is not a
fact , obtains prior affirmation of the principal
True/False
Question An unpaid seller can sue the buyer for damages as well as the
price of the goods.
Correct Answer True
Your Answer True
Question Companies which are registered or incorporated with the
Registrar of Companies as per the provisions of the Companies
Act are known as
Correct Answer Registered Companies
Your Answer Registered Companies
Select The Blank
Question Agents ________ refers to the ________ of the agent to bind
his principal
Correct Answer capacity
Your Answer authority
Correct Answer authority

Your Answer capacity
True/False
Question Quantum Meruit means, as much as earned.
Correct Answer True
Your Answer True
Question Following are the characteristics of law
Correct Answer Law is a rule of conduct imposed and enforced by the sovereign
, Law is supreme and applicable to all , Law is related to external
human actions
Your Answer Law is a rule of conduct imposed and enforced by the sovereign
, Law is supreme and applicable to all , Law is related to external
human actions
Question As per Companies Act of 1956, a Share Certificate is
Correct Answer A certificate, under the common seal of the company, is , A
certificate specifying the shares held by the member , prima
facie evidence of title of the members to a share
Your Answer A certificate, under the common seal of the company, is , A
certificate specifying the shares held by the member , prima
facie evidence of title of the members to a share
Select The Blank
Question When the ________ of contract becomes ________ , such
contract need not be performed
Correct Answer performance
Your Answer performance
Correct Answer impossible
Your Answer impossible
Question Alteration of share capital
Correct Answer is done by passing a resolution at a general meeting , has to
give the notice of alteration to the registrar
Your Answer is done by passing a resolution at a general meeting , has to
give the notice of alteration to the registrar
Question Goods means
Correct Answer birds , gas
Your Answer birds , gas , old coins
True/False
Question An unpaid seller cannot file a suit against the buyer for
repudiating the contract.
Your Answer False

business
business
Question The particular partnership automatically comes to an end
Correct Answer on the completion of the venture , at the expiry of the fixed term
Your Answer on the completion of the venture , at the expiry of the fixed term
Select The Blank
Question ________ is a ________ of the fact of dishonour of the
instrument by a notary public within a reasonable time after
dishonour
Correct Answer Noting
Your Answer Noting
Correct Answer recording
Your Answer recording
Question Consumer Dispute Redressal Forum
Correct Answer District forum established by the state govt. in each district of the
state by notification
Your Answer District forum established by the state govt. in each district of the
state by notification
Question The table A as given in the schedule-I to the Company Act,1956
contains a model form of
Correct Answer regulations for management of a company limited by shares
Your Answer Memorandum of company limited by shares
Select The Blank
Question A legal representative has ________ the rights to the all
negotiable instruments after the death of the holder.
Correct Answer all
Your Answer all
Match The Following
Agreement to sell Executory contract Executory contract
Warranty Contract cannot be
repudiated
Contract cannot be
repudiated
Contract of sale Transfer of property in
goods
Transfer of property in
goods
Contract of sales Executed contract Executed contract
Question Goods means
Correct Answer growing crops , stocks & shares
Your Answer growing crops , stocks & shares
Select The Blank
Question Principal ________ Held liable for the contracts entered into
through his agent and also ________ Arising from the acts done
by his agents
Correct Answer is
Your Answer is
Correct Answer obligations
Your Answer obligations
Question A proposal when accepted becomes a
Correct Answer Promise
Your Answer Promise
True/False
Question A Cheque is always payable on demand
Correct Answer True
Your Answer True
Select The Blank
Question ________ agent has very ________ Powers
Correct Answer universal
Your Answer universal
Correct Answer extensive
Your Answer extensive
Question An agents mode of remuneration
Correct Answer may vary.
Your Answer may vary.
Question The amount of fine imposed on a partnership firm which is not
registered is
Correct Answer Nill
Your Answer Nill
Match The Following
Fraud Promise without intending
to perform it
Promise without intending

to perform it
Coercion Committing an act
forbidden by the Indian
Penal Code
Committing an act
forbidden by the Indian
Penal Code
Bilateral Contract Executory consideration Executory consideration
Lunacy Periodical insanity Periodical insanity
Idiocy Permanent insanity Permanent insanity
Select The Blank
Question As per Sec. 2 (1) (O) of the Consumer Protection Act, Service
means service of any ________ Which is made available to
________ Users.
Correct Answer description
Your Answer description
Correct Answer potential
Your Answer potential
Question Following are the important elements of a wagering agreement
Correct Answer there must be promise to pay either cash or money's worth ,
there should be no control of any party of the event.
Your Answer there must be promise to pay either cash or money's worth ,
there should be no control of any party of the event.
Question Coercion means & includes
Correct Answer any act forbidden by Indian Penal Code,1860 , any threatening
to commit illegal act
Your Answer any act forbidden by Indian Penal Code,1860 , any threatening
to commit illegal act
Question Negotiable Instruments recognized by usage are
Correct Answer Hundies , S.T. Receipts for goods , Pay off Orders
Your Answer Hundies , S.T. Receipts for goods , Pay off Orders
Select The Blank
Question Mistake regarding the ________ or the terms and conditions of
the contract is a Mistake of the ________
Correct Answer subject matter
Your Answer subject matter
Correct Answer Fact
Your Answer Fact
Question The law relating to sale of movable goods is contained in the
Correct Answer The Sale of Goods Act, 1930

Your Answer The Sale of Goods Act, 1930
True/False
Question A sale is an executed contract whereas an agreement to sell is
an executory contract.
Correct Answer True
Your Answer True
Question A private company must have minimum
Correct Answer Two directors.
Your Answer Two directors.
Select The Blank
Question The Principal ________ Have the right to ________
remuneration to the agent who is guilty of misconduct.
Correct Answer do
Your Answer do
Correct Answer refuse
Your Answer refuse
True/False
Question Ambiguous agreements are void.
Correct Answer True
Your Answer True
Select The Blank
Question ________ Goods which are identified ________ the time of
contract of sale is made.
Correct Answer ascertained
Your Answer ascertained
Correct Answer at
Your Answer at
True/False
Question The profit sharing ratio, under a partnership has to be always
equal
Your Answer False
True/False
Question To establish a contract the parties must agree to the same thing
in the same sense.
Correct Answer True
Your Answer True
Question Following represents the owned capital of a company
Correct Answer shares , stocks
Your Answer shares , stocks
Match The Following

Property in goods Ownership Ownership
type of Contingent goods Future Goods Future Goods
main type of goods Existing, Future and
Contingent
Existing, Future and
Contingent
Custody of goods Possession of goods Possession of goods
True/False
Question In a Partnership Deed, name of the firm need not be included.
Your Answer False
Select The Blank
Question A broker is a ________ type of ________ Agent
Correct Answer special
Your Answer special
Correct Answer mercantile
Your Answer mercantile
True/False
Question Agency is created by agreement between the parties
Correct Answer True
Your Answer True
Question Actual Breach
Correct Answer Breach committed by either at the time when the performance of
the contract is due or during its performance
Your Answer Breach committed by either at the time when the performance of
the contract is due or during its performance
Select The Blank
Question Where a ________ promise is made to pay either cash or
moneys worth for an uncertain event, it is known as ________
contract
Correct Answer conditional
Your Answer conditional

Correct Answer Wagering
Your Answer Wagering
Question Every members of the National commission shall hold office for a
term of five years up to the age of
Correct Answer seventy years whichever is earlier
Your Answer seventy years whichever is earlier
Select The Blank
Question ________ is a ________ which is collateral to the main purpose
of the contract of sale.
Correct Answer Warranty
Your Answer Warranty
Correct Answer Stipulation
Your Answer Stipulation
Question Actual delivery of goods is also known as
Correct Answer physical delivery of goods
Your Answer physical delivery of goods
Question Where the property in goods sold has been passed, the unpaid
seller has the
Correct Answer right to stop goods in transit
Your Answer right to stop goods in transit
an association of two or more persons , such a business of a
partnership must be carried on by third person
True/False
Question An agency cannot be terminated at all. In other words a contract
of agency is perpetual.
Your Answer False
on the business
Your Answer minors , insolvents , co-owners without the agreement to carry
on the business
Question Constructive delivery is also called as Delivery by
Correct Answer attornment

Your Answer attornment
Question Once the motion has been put to the members in a meeting and
a vote in favour of it, it becomes
Correct Answer resolution
Your Answer resolution
Select The Blank
Question In a ________ the drawer of the bill is the ________ while in a
promissory note
Correct Answer bill of Exchange
Your Answer bill of Exchange
Correct Answer creditor
Your Answer creditor
business
business
Select The Blank
Question A promise made without any ________ of performing it is
________
Correct Answer intention
Your Answer intention
Correct Answer Fraud
Your Answer Fraud
Question Business of partnership need not be permanent but can be
Correct Answer Temporary
Your Answer Perpetual
Question Following are the important elements of a wagering agreement
Correct Answer there should not be any proprietary interest in the event. , each
party to an agreement must stand to win or lose under the terms
of agreement
Your Answer there should not be any proprietary interest in the event. , each
party to an agreement must stand to win or lose under the terms
of agreement , Agreements by way of wager are voidable in
nature
Question The meaning of the maxim jus in personam is
Correct Answer right against the particular individual

Your Answer right against the particular individual
Question A company is a legal person with a perpetual succession
Correct Answer it never dies , it can be put an end to only by process of law
Your Answer it never dies , it can be put an end to only by process of law
Question Enforcement of contingent contract depends on
Correct Answer Happening or Non-happening of the event
Your Answer Happening of the event
Question Jurisdiction of the National CommissionCorrect Answer monetary , appellate , supervisory and Revisional
Your Answer monetary , appellate , supervisory and Revisional
Select The Blank
Question There are certain relations, which ________ created by
contracts but are upheld by law, which are known as ________
contracts
Correct Answer arenot
Your Answer arenot
Correct Answer Quasi
Your Answer Quasi
True/False
Question An unpaid seller has a right against the goods as well as the
buyer personally.
Correct Answer True
Your Answer True
Question Following are the general agents
Correct Answer A manager of a branch office , Managing Director of a company ,
Commission agent
Your Answer A manager of a branch office , Commission agent
commit illegal act
Your Answer any act forbidden by the Indian Penal Code
Select The Blank
Question Promotion of a company is the first important preliminary stage
wherein necessary steps are taken for ________ and ________
of a company.
Correct Answer registration
Your Answer registration
Correct Answer floatation
Your Answer floatation

Question Following are not offers
Correct Answer going for a walk , display of goods with price tags , two identical
cross offers
Your Answer going for a walk , promise to join a firm , display of goods with
price tags
Question Negotiable Instruments recognized by usage are
Correct Answer Hundies , S.T. Receipts for goods , Pay off Orders
Your Answer Hundies , S.T. Receipts for goods , Pay off Orders
True/False
Question The subject matter of a contract of sale has to be goods and
goods only.
Correct Answer True
Your Answer True
Match The Following
Minors Agreement Void ab initio Void ab initio
Agreement Offer + Acceptance Offer + Acceptance
Free Consent Coercion Coercion
Consideration Past, Present and Future Past, Present and Future
Mistake Fact and Law Fact and Law
Question The Consumer Protection Act makes available certain new
remedies leaving the
Correct Answer substantive rights of the consumer intact
Your Answer substantive rights of the consumer intact
Question B accepts A's proposal - the communication of the acceptance is
complete as against B
Correct Answer when letter is received by A
Your Answer when letter is received by A
Question Specific performance is not granted where
Correct Answer the contract is inequitable to either party , a company makes any
contract using the powers not conferred on it by its
Memorandum of Association. , It is not possible for the court to
supervise the contract
Your Answer the contract is inequitable to either party , a company makes any
contract using the powers not conferred on it by its
Memorandum of Association. , It is not possible for the court to
supervise the contract
True/False
Question Agents acting jointly and severally are known as sub-agents

Correct Answer True
Your Answer False
Question Following are the types of the share-holders meetings
Correct Answer Statutory meetings , Class meetings
Your Answer Statutory meetings , Class meetings
Question Specific performance is granted where
Correct Answer damages are insufficient remedy for breach , contract is
irrevocable in nature , contract is certain
Your Answer damages are insufficient remedy for breach , contract is
irrevocable in nature , contract is certain
Select The Blank
Question The Principal ________ Have the right to ________
remuneration to the agent who is guilty of misconduct.
Correct Answer do
Your Answer do
Correct Answer refuse
Your Answer refuse
True/False
Question The principle of Caveat Emptor applies even in the cases where
the consent of the buyer is obtained by fraud or where the seller
conceals the defects in the goods.
Your Answer False
PGDIB_SEM_2_INT_COMM_LAW_1. LIST OF ATTEMPTED QUESTIONS AND ANSWERS

Question Correct Answer
Agreement with minor Voidable agreement
Consideration Cash or kind
Contract Legal obligation
Proposal accepted Promise
Question
Correct Answer
Question
The Institute Cargo clauses B covers the loss of or damage to the subject - matter
insured reasonably attributed to
Correct Answer
Fire or explosion , Discharge of cargo at a port of distress , Earthquake, volcanic
eruption or lightening
Select The Blank
Question
Correct Answer
Conduct
Question
If there is a possibility possibility of rising market price during the transit of the
goods, the assured has who has covered the goods under an ordinery policy can
obtain a so - called
Correct Answer
Question
Correct Answer
Voyage policy
Question
If the carriage of goods by sea are carried in bulk, e.g. coal, oil, grain, the shipper
may hise a whole vessel i.e.
Correct Answer
charter party
Question
Correct Answer
Select The Blank
Question

manufacturer
Correct Answer
Contract
Select The Blank
Question
Correct Answer
Individual
Match The Following
The most important institution for the==== The ICC court
The administrative and financial regulations === ICSID
European Arbitration==== Sponsored by the UN economic commission
Arbitration
Question
Correct Answer
property
Question
Correct Answer
Select The Blank
Question
The assured can insure a consignment of goods from Pune to Birmingham provided
these place are________in the marine policy as the commencement and destination of
the transit
Correct Answer
Named
Question
Correct Answer
Shipping Document
Select The Blank
Question
Correct Answer
Quasi contract
Select The Blank
Question
Correct Answer
Founder

Question
The copy right is
Correct Answer
Incorporal property
Select The Blank
Question
Correct Answer
banking
True/False
Question
Correct Answer
True
Question
Correct Answer
Select The Blank
Question
Correct Answer
Assured
Select The Blank
Question
Correct Answer
Exclusion clauses
Question
paper work by using
Correct Answer
transport documents
True/False
Question
Correct Answer
False
True/False
Question
The arbitrator , like a judge, has power to order the inspection of the object in
dispute.
Correct Answer
True
Question
The single most important document in International Trade and forms the very basis
of a large volume in international trade is
Correct Answer
L/C
True/False
Question
Ii is in the public interest to encourage the marketing of the products having defects
that can be sold in lower price to the public.
Correct Answer
False
Select The Blank
Question
Correct Answer
facsimile
Question
Correct Answer
Question
Correct Answer
Question
Correct Answer
Question
Correct Answer
Agreed Value
True/False
Question
Correct Answer
False
Question
The letter of cradit should state which of the methods have been chosen by the
parties namely,
Correct Answer

Question
Correct Answer
True/False
Question
Arbitration Act
Correct Answer
True
True/False
Question
Correct Answer
False
Question
protected by the
Correct Answer
Common Law
Question
Correct Answer
Whether arbitration himself can decide conclusively , whether it the arbitration clause
is contained in the original contract , whether the arbitation clause itself is under
cloud
Question
A reputed automobile manufacturer advertised that their cars have a shatter proof
glass windowshields. These windowshields were supposed to eliminate the dangers of
flying glass. A customer of such car while driving car was hit by a pebble which
shattered the windowshield injuring his eyes. The court awarded the decision in the
favour of
Correct Answer
Customer
Question
Correct Answer
True/False
Question
Correct Answer
False
True/False
Question
Correct Answer
True
True/False
Question
The principles relating to the ordinary letters of credit dosen't apply to standby
credits
Correct Answer
False
Question
In a few exceptional cases the assured is barred from recovering the overpaid
portions of the premium
Correct Answer
If the double insurance was effected by the aassured knowingly , If a claim has been
paid for the full sum insured , if the policies were effected at different times
Select The Blank
Question
in________
Correct Answer
damages
Question
The copy right is
Correct Answer
Incorporal property
Select The Blank
Question
Correct Answer
Conduct
Select The Blank
Question
from the ________
Correct Answer
Ship
Question
The correct dating of the bill of lading is a important matter. It is material in three
legal relationships
Correct Answer
In the content of carriage , In the contract of sale , In relation to the banks under a
letter of credit
Select The Blank
Question
Correct Answer
Founder
Question
Correct Answer
Select The Blank
Question
Correct Answer
Assured
Question
Correct Answer
By place an embargo on the exportation of the goods sold , By place an embargo on
the Importation of the goods sold , By the imposition of restructive regulation
regardng Licenses and quota
Select The Blank
Question
Correct Answer
Price
Select The Blank
Question
Correct Answer
expression
Question
Correct Answer
Insurance company
True/False
Question
twelve months
Correct Answer
True
Question
Correct Answer
True/False
Question
Correct Answer
True
Question
If there is a possibility possibility of rising market price during the transit of the
goods, the assured has who has covered the goods under an ordinery policy can
obtain a so - called
Correct Answer
Select The Blank
Question
manufacturer
Correct Answer
Contract
True/False
Question
Correct Answer
False
True/False
Question
Correct Answer
False
Question
The single most important document in International Trade and forms the very basis
of a large volume in international trade is
Correct Answer
L/C
Select The Blank
Question
The container leasing contract providees that the lessee has to pay ________if he
retains the container beyond stipulated time
Correct Answer
Liquidated damages
True/False
Question
Correct Answer
False
Question
Correct Answer

Question
Following are not registerable under the Emblems and Names (Prevention of
Correct Answer
Question
Correct Answer
Letter of credit
Question
Correct Answer
Whether arbitration himself can decide conclusively , whether it the arbitration clause
is contained in the original contract , whether the arbitation clause itself is under
cloud
Question
Correct Answer
Question
distinguished
Correct Answer
The exporter and the overseas buyer agree in the contract of sale that payment shall
be made under a letter of credit , The overseas buyer instructs a bank at his place of
business to open a letter of credit , The advising bank informs the exporter that it will
Question
Correct Answer
Negligently
Match The Following
Stating that the credit is divisible or that it is unrestricted for negotiation =
Transferable credit
Letter of credit Paper transaction
Undertaking by a bank to make payment to a third party A stand by letter of credit
Convenient method of finance for the small exporter Packing credit
Question
Correct Answer
Question

Correct Answer
Where the subject matter is destroyed , Where the assured has been irretrievably
deprived thereof , Where the subjectmatter has been so damaged that is has loss is
commercial identity
True/False
Question
Correct Answer
True
True/False
Question
In the case of a confirmed credit, the engagement of the advising bank to the
Correct Answer
False
Question
Correct Answer
True/False
Question
In the socialist countries arbitration tribunals are constituted for dealing with
commercial disputes
Correct Answer
True
Select The Blank
Question
Correct Answer
Exclusion clauses
Select The Blank
Question
Under f.o.b contract the cost of loading is usually included in the ________charges
which are to paid by the buyer
Correct Answer
Freight
True/False
Question
Correct Answer
True
Select The Blank
Question
Correct Answer
dated

Question
Correct Answer
True/False
Question
Correct Answer
True
Question
Correct Answer
Question
Correct Answer
True/False
Question
The principles relating to the ordinary letters of credit dosen't apply to standby
credits
Correct Answer
False
Question
In a few exceptional cases the assured is barred from recovering the overpaid
portions of the premium
Correct Answer
If the double insurance was effected by the aassured knowingly , If a claim has been
paid for the full sum insured , if the policies were effected at different times
Match The Following
India is a signatory and indeed a founder member GATT
World Trade Organisation Member India
Intellectual Property Rights Agreement (TRIPS)_ India, a party
Duration of 20 years for patents TRIPS agreemnt
Question
Correct Answer
PGDIB_SEM_2_INT_COMM_LAW_3. LIST OF ATTEMPTED QUESTIONS AND

ANSWERS
Select The Blank
Question The clause Arrival means that the seller has to cause delivery to be madeto
Correct Answer Ship
Select The Blank
Question If the carriage of goods by sea are individual pakages, they are carried
under
by the
Select The Blank
correctly
Question To avoid anything in the nature of set off or counter claim, a letter of credit
is given by a
True/False
Correct Answer True
sponsored by the
Correct Answer Chartered Insitute of Arbitration , London Chamber of Commerce , The
city of London Corporation
Select The Blank

in________
Your Answer Paris
True/False
Correct Answer True
Select The Blank
Question Where payment under a letter of credit is arranged, the stages can normally
be distinguished
payment shall be made under a letter of credit , The overseas buyer instructs a bank
at his place of business to open a letter of credit , The advising bank informs the
exporter that it will negotiate, his draft upon delivery of the transport document
exchange
True/False
Question If the seller requires payment before the deferred payment credit matures,
he can obtain it by

True/False
Question Infringement of patent takes place, normally during Industrial or
Correct Answer True
Select The Blank
True/False
Question In practice revocable credits are not widely used and irrevocable credits are
in frequent use.
Correct Answer True
Match The Following
World Trade Organisation Member India
Duration of 20 years for patents TRIPS agreemnt
India is a signatory and indeed a founder member GATT
True/False
True/False
Select The Blank
Question A ' would be patentee may endanger his own chances by any sort of
True/False
Correct Answer True

transport documents
True/False
True/False
SCDL_2005_PGDIB
Select The Blank
Question The burden of proof for recovery under the insurance is that of
the ________
Your Answer Insured
Question An administrative commission for concilliation is constituted at
the ICC and for each dispute a conciliation committee of three members is
set up by the
Your Answer President of ICC
Question The broker wright the essentials of the proposed insurance in

Select The Blank
Question In legal phraseology there is no privity of ________ between
True/False
Question The law of products liability governs the public litigation of
product accidents
Your Answer False
Question The contractual nature of arbituration determines questions ,
which are not free from controversy . The question are
Correct Answer Whether arbitration himself can decide conclusively ,
whether it the arbitration clause is contained in the original contract ,
Your Answer Whether arbitration himself can decide conclusively ,
whether it the arbitration clause is contained in the original contract ,
Question A contract in which the parties agree that a false invoice be
isued is
Your Answer Illegal in Law
Question In stand by letters of credit, the bank may also be instructed to
Your Answer Pay bills of exchange , Accept bills of exchange ,
Select The Blank
Question It would be infringed by making a ________ copy of the
Your Answer duplicate
Question Apolicy which specifies the agreed value of the subject mateer
insured
Correct Answer Certificate of origin , Certificate of quality , Certificate of
inspection
Your Answer Certificate of origin , Certificate of quality , Certificate of
inspection
True/False
Question Infringement of patent takes place, normally during Industrial
or Commercial activities
Correct Answer True
Your Answer True
True/False
books etc., i.e. where there is collective work and output, there is a joint
authorship.
Your Answer True
Question Where the subject - matter is insured from one point to another
isa
Your Answer Voyage policy
Your Answer Container bill of lading
Correct Answer Unenforceable contract , Voidable contract , Illegal
contract
Your Answer Voidable contract , Illegal contract , Unenforceable
contract
Question The most frequent method of payment for goods is the export
trade is
Your Answer Letter of credit
Question The single most important document in International Trade and
Correct Answer L/C
Your Answer L/C
Select The Blank
Question ________ has no eastablished status in Law but are admissible
in evidence against the seller if litigation ensues between him and buyer
Your Answer charter party
Question The law relating to letters of credit is founded on the principle
of
Your Answer The doctrine of strict performance
Correct Answer work of dance and mine , the scenario for a film , the
script for a film
Your Answer work of dance and mine , the scenario for a film , the
script for a film

Question The letter of cradit should state which of the methods have
been chosen by the parties namely,
negotiance
Your Answer Payment at sight , Deferred payment , Acceptance or
negotiance
Select The Blank
Question An issue of bill of lading who deliberately backdates it in order
to bring it within the shipment time in the credit, acts ________
Your Answer frandulently
Select The Blank
Question The Arbitrations and Conciliation Act, 1996 was enacted taking
into account the model law and Rules recommended by United Nation for
Your Answer Settlement
Question The marine insurance policy or the marine insurance certificate
forms a part of the
Your Answer Shipping Document
Match The Following
Important issue of vertical privity is Who can be sued The marketing
process
An automobile or high speed machinery maticulous precautions Who
can be sued
Question A general average act has to satify the followling requirements.
It must be
Correct Answer In time of peril , An extraordinary sacrifice or
Your Answer In time of peril , An extraordinary sacrifice or
True/False
Question The arbitrator , like a judge, has power to order the inspection
of the object in dispute.
Correct Answer True
Your Answer True
True/False
Question Ii is in the public interest to encourage the marketing of the
Your Answer True
True/False

Correct Answer True
Your Answer True
Question If the carriage of goods by sea are individual pakages, they are
carried under
Your Answer bill of lading
Your Answer Utility
Your Answer Regulatory law
Select The Blank
Question A ' would be patentee may endanger his own chances by any
sort of publicity ________ registration of a patent
Your Answer Before
Your Answer Inventions , Trade marks , Service marks
True/False
Question The two types of contract of carriage by sea is contracts
evident by bill of lading and contracts containing perils
Your Answer False
Select The Blank
Question The container leasing contract providees that the lessee has to
pay ________if he retains the container beyond stipulated time
Your Answer Liquidated damages
Your Answer Ammendments , Explanation , Compilation
Question The novelty of an invention is to be recognized from the angle
of
Your Answer Manner of manufacture
Correct Answer A clean bill of lading , Amarine insurance policy , The
invoice
Your Answer A clean bill of lading , Amarine insurance policy , The
invoice
True/False
Question The buyer is entitled to refuse the acceptance of the goods if

they are packed in accordance of his instructions
Your Answer False
Match The Following
Member India
Duration of 20 years for patents TRIPS agreemnt TRIPS agreemnt
True/False
Question Where a cargo is a tender in such a manner as to put an
ordinary careful insurer on inquriy and he fails to inquire a waiver may be
assumed
Correct Answer True
Your Answer True
SCDL_2005_PGDIB
Question The Indian Court have summed up the following
Correct Answer Overall construction , Phonetic Similarity , The
overall similarity
Your Answer Phonetic Similarity , The overall similarity ,
Implication of mark
Question Legal status of protection of trade mark can be
acquired either by
Your Answer Prolonged use of trade mark by registration
Correct Answer Voidable contract , Illegal contract ,
Your Answer Voidable contract , Illegal contract ,
Question The very purpose of a mark is to
Your Answer Distinguish the goods of service from another
True/False
Question Once registered with WIPO, a Trade Mark is
protected in each member country
Correct Answer True
Your Answer False
Question A contract in which the parties agree that a false
invoice be isued is
Your Answer Illegal in Law
Select The Blank

Question In legal phraseology there is no privity of
________ between customer and manufacturer
True/False
Question The frustration occures whenever the Law
recognizes that with default of either party a
contractual obligation has become incapable of
being performed
Correct Answer True
Your Answer False
True/False
Question If certain occures which are beyond their control
such clauses are known as force Majeure Clauss
Correct Answer True
Your Answer True
True/False
Question Once there is non disclouser, be it fraudulent
negligient or innocent, the aggrieved paryt is
entitled to elect whether he would avoid or affirm
the contract
Correct Answer True
Your Answer True
Question The legal principle that the Bank is entitled ro
reject documents which do not strictly confirm
with the terms of the credit is the
Your Answer Doctrine of strict compliance
True/False
Question Invented words, coined words, fancy words are all
synonymous terms.
Correct Answer True
Your Answer False
Question The most frequent method of payment for goods
is the export trade is
Your Answer Letter of credit
Question NewZealan prohibits and restricts certain types of
paking like
Correct Answer The use of hay , The use of chaff , The use of rice
husk
Your Answer The use of hay , The use of chaff , The use of rice
husk
Question In a contrat between A, B Of Bombay and
Banglore respectively it may be provided that all
dispute between them should be decided by a
court in Bombay. Therefore in case B files a suit in

Banglore, A may Sucessfully objected to the
Select The Blank
Question The invoice ________is to be stated as the terms
of the contract
Your Answer Price
True/False
Question The buyer is entitled to refuse the acceptance of
the goods if they are packed in accordance of his
instructions
Your Answer False
Select The Blank
Question In some cases, the transaction may not involve a
sale. The product may have been ________ or
loaned by the owner
Your Answer Leased
Question The following may not be treated as invented
words.
Correct Answer Misspelling , Compounding of existing descriptive
word , Words framed by mere addition of
adjective prefixes or suffixes
Your Answer Misspelling , Compounding of existing descriptive
word , Words framed by mere addition of
adjective prefixes or suffixes
Match The Following
The most important
institution for the
arbitral settlement of
International trade
disputes
The administrative
and financial
regulations
ICSID ICSID
European Arbitration Sponsored by the UN
economic commission
Sponsored by the UN
economic commission
The London court of
International
arbitration
Sponsored by
Chartered Insitute of
Arbitration
Sponsored by
Chartered Insitute of
Arbitration
True/False
Question Purchasers cannot try out drugs to determine
whether they kill or cure
Correct Answer True
Your Answer True
Question The single most important document in
International Trade and forms the very basis of a
Correct Answer L/C
Your Answer L/C
Match The Following
Application for
Registration of
Trademarks
office of Trademark
Registry
Procedure for
registration of trade
mark
Purpose of mark Distinguish the goods
of one trader from
those of another
Distinguish the goods
of one trader from
those of another
Application for
registration under
the Trademark Act,
1999
Trademark Single application
Registration of
Trademarks
Single application office of Trademark
Registry
Question In stand by letters of credit, the bank may also be
instructed to authorise another bank against the
stipulated documents to
Your Answer Pay bills of exchange , Accept bills of exchange ,
Question The law relating to letters of credit is founded on
the principle of
Your Answer The doctrine of strict compliance
Select The Blank
Question A ' would be patentee may endanger his own
chances by any sort of publicity ________
registration of a patent
Your Answer Before

Correct Answer A clean bill of lading , Amarine insurance policy ,
The invoice
Your Answer A clean bill of lading , Amarine insurance policy ,
The invoice
Select The Blank
Question The________ expoter has no locas standi under
GATT
Correct Answer Individual
Your Answer Individual
Question Following word marks other than surnames are
registerable. They are
Correct Answer Personal names , Geographical names , Names of
sect
Your Answer Personal names , Geographical names , Names of
sect
Your Answer Regulatory law
Select The Blank
Question The marine insurance covers all riskof loss or
damage to the subject - matter insured except
________clauses
Correct Answer Exclusion clauses
Your Answer Exclusion clauses
Select The Blank
Question The rights of the copyright ________ may be
roughly classified into reproduction rights and
performing rights.
Your Answer owner
Question The following attracts copyright once the choice
and arrangement of source material is more than
mimimal,I.e a piece of
Correct Answer Historical writing , A new report , A selection of
poetry
Your Answer Historical writing , A new report , A selection of
poetry
Question Arbitration under the Rules of ICC is open to
Correct Answer Members and non members
Your Answer Members and non members
Select The Blank
Question The impact of appeal to the consumers has been
the________of the sales
Correct Answer Black bone
Your Answer Black bone
True/False
Question The open cover may be limited in time while the
floating policy is normally limited to twelve
months
Correct Answer True

Your Answer True
Select The Blank
Question The unpaid seller has also a ________ interest in
them untill the buyer is deemed to have accepted
the goods
Your Answer Compound
Correct Answer work of dance and mine , the scenario for a film ,
the script for a film
Your Answer work of dance and mine , the scenario for a film ,
the script for a film
Select The Blank
Question The ICC Court of arbitration its seat at the
headquarters of the ICC in________
Your Answer Paris
Select The Blank
Question An issue of bill of lading who deliberately
backdates it in order to bring it within the
shipment time in the credit, acts ________
Your Answer frandulently
Select The Blank
Question The ________ of the product concept is the first
and in many ways most important safety
functions of manufacturers.
Your Answer Formulation
Question The marine insurance policy or the marine
insurance certificate forms a part of the
Your Answer Shipping Document
Question The rights which enable the proprietory of the
trade mark to the exclusive use of that trade mark
in relation to the goods for which it is registered
is
Correct Answer Statutory rights
Your Answer Statutory rights
True/False
Question Product liability and product safety are the
phrases used to describe the law concerning
product-related accidents and illness
Correct Answer True
Your Answer True
True/False
Question In the case of joint authorship, the term of
copyright is in relation to the author who dies first

Your Answer False
SCDL_2005_PGDIB
Your Answer charter party
Your Answer cheaper manner , Valued manner , Convient manner
Select The Blank
Your Answer legal
True/False
Your Answer True
True/False
Correct Answer True
Your Answer True
Select The Blank
Your Answer transmission
Match The Following
Legalprotection of
computer software
protection
Select The Blank
the parties.
Your Answer Gesture
True/False
the invention
Your Answer True

Your Answer Terms of the contract of sale
Select The Blank
Your Answer Given
True/False
Your Answer True
Select The Blank
Your Answer dated
True/False
Correct Answer True
Your Answer True
Your Answer Insurance company
True/False
Your Answer True
Your Answer Assured
True/False
joint authorship.
Your Answer True
Your Answer Overwriting
Select The Blank
Your Answer Valid contract

Your Answer sufficient skill, fudgement and labour , selection indgement and
Your Answer Payment at sight , Deferred payment , Acceptance or negotiance
Your Answer Seller
any terrorist
Your Answer War exclusion clause , Strike exclusion , Loss or damage caused by
any terrorist
True/False
to standby credits
Your Answer False
Your Answer to the seller, due on presentation of their documents
Your Answer Specific period of time
Your Answer European Patent Convention , Patet Cooperation Treaty , Patent
right ffor trade
True/False
Your Answer False
Select The Blank
Your Answer Freight
Select The Blank
itself.
True/False
Your Answer True
Select The Blank
Your Answer Superficial
Your Answer Negotiating the Letter of Credit
Select The Blank
Correct Answer Ship
Your Answer Ship
True/False
Your Answer False
issuing
Your Answer Particular court
Your Answer The exporter and the overseas buyer agree in the contract of sale
Your Answer Bank to the seller
Select The Blank
Your Answer loss

Your Answer Adopted them
Match The Following
GATT GATT
Agreement (TRIPS)_
patents
dispute proceeds to
Your Answer Arbitration
Your Answer Skill , Labour , Judgement
Question If the carriage of goods by sea are carried in bulk, e.g.
coal, oil, grain, the shipper may hise a whole vessel i.e.
Correct
Answer
charter party
Your
Answer
charter party
most
Correct
Answer
Convient manner , Speedist manner , cheaper manner
Your
Answer
Convient manner , cheaper manner , Valued manner
Select The Blank
Question The expression stale bill of lading is used in ________
practice
Correct
Answer
banking
Your
Answer
legal
True/False
Question In the case of a confirmed credit, the engagement of the
advising bank to the beneficiary is not stated in the letter
of advise.
Correct
Answer
False
Your
Answer
True
True/False
Correct
Answer
True
Your
Answer
True
Select The Blank
of pubilc.
Correct
Answer
transmission
Your
Answer
transmission
Match The Following
Legalprotection of
computer software
Not entitled for
Select The Blank
Correct
Answer
Conduct
Your
Answer
Gesture
True/False
Correct
Answer
False
Your
Answer
True
Question The cost of marine insurance shall be borne by the seller
or by the buyer normally provided by the
Correct
Answer
Terms of the contract of sale
Your
Answer
Terms of the contract of sale
Select The Blank
to Birmingham provided these place are________in the
marine policy as the commencement and destination of
the transit
Correct
Answer
Named
Your
Answer
Given
True/False
Correct
Answer
False
Your
Answer
True
Select The Blank
Correct
Answer
dated
Your
Answer
dated
True/False
Correct
Answer
True
Your
Answer
True
Correct
Answer
Insurance company
Your
Answer
Insurance company
True/False
impartial.
Correct
Answer
False
Your
Answer
True
Correct
Answer
Assured
Your
Answer
Assured
True/False
Question In the case of literary work like encyclopedia dictionaries,
year books etc., i.e. where there is collective work and
output, there is a joint authorship.
Correct
Answer
False
Your
Answer
True
Correct
Answer
Underwriting
Your
Answer
Overwriting
Correct
Answer
Your
Answer
Select The Blank
Correct
Answer
Quasi contract
Your
Answer
Valid contract
Correct
Answer
sufficient skill, fudgement and labour , selection
indgement and experience , selection labour, skill and
capital
Your
Answer
sufficient skill, fudgement and labour , selection
indgement and experience , selection labour, skill and
capital
Correct
Answer
negotiance
Your
Answer
negotiance
Correct
Answer
Seller
Your
Answer
Seller
Correct
Answer
War exclusion clause , Strike exclusion , Loss or damage
Your
Answer
War exclusion clause , Strike exclusion , Loss or damage
True/False
Correct
Answer
False
Your
Answer
False

Correct
Answer
In the content of carriage , In the contract of sale , In
Your
Answer
In the content of carriage , In the contract of sale , In
Correct
Answer
Your
Answer
Correct
Answer
Your
Answer
Question Following conventions establish international filing
system
Correct
Answer
European Patent Convention , Patent Cooperation Treaty ,
Your
Answer
European Patent Convention , Patent Cooperation Treaty ,
Patent right for trade
True/False
lading is not.
Correct
Answer
False
Your
Answer
False
Select The Blank
Correct
Answer
Freight
Your
Answer
Freight
Select The Blank
the idea itself.
Correct
Answer
expression
Your
Answer
expression
True/False
Rules apply.
Correct
Answer
False
Your
Answer
True
Select The Blank
defeated not by their fault but by force of
________circumstances
Correct
Answer
Supervening
Your
Answer
Superficial
Question If the seller requires payment before the deferred
payment credit matures, he can obtain it by
Correct
Answer
Your
Answer
Select The Blank
Question The clause Arrival means that the seller has to cause
delivery to be made to the buyer from the ________
Correct
Answer
Ship
Your
Answer
Ship
True/False
Correct
Answer
False
Your
Answer
False
Question Paries to an agreement may restrict the the right of either
party to issuing
Correct
Answer
Particular court
Your
Answer
Particular court
Correct
Answer
The exporter and the overseas buyer agree in the contract
of sale that payment shall be made under a letter of
credit , The overseas buyer instructs a bank at his place of
business to open a letter of credit , The advising bank
informs the exporter that it will negotiate, his draft upon
delivery of the transport document
Your
Answer
The exporter and the overseas buyer agree in the contract
of sale that payment shall be made under a letter of
credit , The overseas buyer instructs a bank at his place of
business to open a letter of credit , The advising bank
informs the exporter that it will negotiate, his draft upon
delivery of the transport document
Correct
Answer
Bank to the seller
Your
Answer
Bank to the seller
Select The Blank
Correct
Answer
damages
Your
Answer
loss
Correct
Answer
Adopted them
Your
Answer
Adopted them
Match The Following
member
GATT GATT
World Trade
Organization
Member India WTO
Rights Agreement
(TRIPS)_
for patents
Correct
Answer
Your
Answer
Correct
Answer
Arbitration
Your
Answer
Arbitration
Correct
Answer
Your
Answer
SCDL_2005_PGDIB
True/False
policies
Correct Answer True
Your Answer True
Select The Blank
have
Your Answer Leased
Select The Blank
manufacturer
Select The Blank
True/False
registerable.
Correct Answer True
Your Answer False
True/False
buyer
Your Answer True
Your Answer Poland , Czekoslovakia , Hungary
True/False
Your Answer False
Select The Blank
Your Answer International trade relation

Your Answer Fire or explosion , Discharge of cargo at a port of distress , Earthquake,
Select The Blank
Question The burden of proof for recovery under the insurance is that of the
________
Your Answer Assured
True/False
Correct Answer True
Your Answer True
True/False
Your Answer False
Match The Following
Legal protection of computer software Trade secreat system Trade secreat system
Expression of thought Original work Original work
Match The Following
Question :: ::Correct Answer :: ::Your Answer::
The manufacturing process :: Quality control :: :: Quality
control
Important issue of vertical privity is ::Who can be sued :: Who can be
sued
Sales talk :: ::Opinion ::maticulous
precautions
An automobile or high speed machinery :: maticulous precautions :: The
marketing process
he can obtain it by
Your Answer Negotiating the Bill of Lading
contracts such as
Your Answer f.o.b , c.i.f , f.a.s

True/False
are artistic
Your Answer False
Your Answer Copy or words
Your Answer Passing off
Select The Blank
Your Answer Price
Select The Blank
Correct Answer Ship
Your Answer Ship
True/False
clause
Your Answer False
Your Answer Patent
True/False
Your Answer False
Select The Blank
correctly
Your Answer dated
Your Answer Unenforceable by Law
Select The Blank

Your Answer Freight
Select The Blank
Your Answer Contractual
Select The Blank
any terrorist
Your Answer War exclusion clause , Strike exclusion , Loss or damage caused by any
terrorist
Select The Blank
Your Answer owner
Your Answer Negligence , Misrepresentation, both tortions and by breach of warranty
, Strict liabilty in tort for defective products
True/False
Your Answer False
Your Answer Patents , Trademarks
True/False
Your Answer False
Your Answer Voidable contract , Illegal contract , Unenforceable contract
Your Answer The policy number , The subjectmatter insured , The amount insured
SCDL_PGDIB_SEM_2_1CL_SUMEETKUMARJAIN
Question The Indian Court have summed up the following ingredients or elements to
settle the questions of similarity of two marks.
Correct Answer Overall construction , Phonetic Similarity , The overall similarity
Question Legal status of protection of trade mark can be acquired either by
Question The very purpose of a mark is to
True/False
Question Once registered with WIPO, a Trade Mark is protected in each member
country
Correct Answer True
Select The Blank
manufacturer
True/False
Correct Answer True
True/False
Question If certain occures which are beyond their control such clauses are known as
force Majeure Clauss
Correct Answer True
True/False
Question Once there is non disclouser, be it fraudulent negligient or innocent, the
Correct Answer True
Question The legal principle that the Bank is entitled ro reject documents which do
True/False
Question Invented words, coined words, fancy words are all synonymous terms.
Correct Answer True
Select The Blank
True/False
Select The Blank
Question The following may not be treated as invented words.
Correct Answer Misspelling , Compounding of existing descriptive word , Words
framed by mere addition of adjective prefixes or suffixes
Match The Following
The most important institution for the arbitral settlement of International trade
disputes The ICC court The ICC court
The administrative and financial regulations ICSID ICSID
European Arbitration Sponsored by the UN economic commission Sponsored by the
UN economic commission
The London court of International arbitration Sponsored by Chartered Insitute of
Arbitration Sponsored by Chartered Insitute of Arbitration
True/False
Question Purchasers cannot try out drugs to determine whether they kill or cure
Correct Answer True
Question The single most important document in International Trade and forms the
Correct Answer L/C
Match The Following
Application for Registration of Trademarks office of Trademark Registry Procedure for
registration of trade mark
Purpose of mark Distinguish the goods of one trader from those of another
Application for registration under the Trademark Act, 1999 Trademark Single
application
Registration of Trademarks Single application office of Trademark Registry
exchange
Select The Blank
Select The Blank
Question The________ expoter has no locas standi under GATT
Correct Answer Individual
Question Following word marks other than surnames are registerable. They are
Correct Answer Personal names , Geographical names , Names of sect
Select The Blank
Question The marine insurance covers all riskof loss or damage to the subject matter insured except ________clauses
Correct Answer Exclusion clauses

Select The Blank
Question The following attracts copyright once the choice and arrangement of source
material is more than mimimal,I.e a piece of
Correct Answer Historical writing , A new report , A selection of poetry
Question Arbitration under the Rules of ICC is open to
Correct Answer Members and non members
Select The Blank
Question The impact of appeal to the consumers has been the________of the sales
Correct Answer Black bone
True/False
Correct Answer True
Select The Blank
film
Select The Blank
in________
Select The Blank
Question An issue of bill of lading who deliberately backdates it in order to bring it

Select The Blank
Question The ________ of the product concept is the first and in many ways most
Question The marine insurance policy or the marine insurance certificate forms a part
of the
Question The rights which enable the proprietory of the trade mark to the exclusive
use of that trade mark in relation to the goods for which it is registered is
Correct Answer Statutory rights
True/False
Question Product liability and product safety are the phrases used to describe the law
Correct Answer True
True/False
Question In the case of joint authorship, the term of copyright is in relation to the
author who dies first
Select The Blank
Question An administrative commission for concilliation is constituted at the ICC and
for each dispute a conciliation committee of three members is set up by the

Select The Blank
manufacturer
True/False
Question The law of products liability governs the public litigation of product
accidents
Question The contractual nature of arbituration determines questions , which are not
free from controversy . The question are
Correct Answer Whether arbitration himself can decide conclusively , whether it the
arbitration clause is contained in the original contract , whether the arbitation clause
exchange
Select The Blank
Question It would be infringed by making a ________ copy of the topographical
arrengement.
Correct Answer Certificate of origin , Certificate of quality , Certificate of inspection

True/False
Question Infringement of patent takes place, normally during Industrial or
Correct Answer True
True/False
Question Where the subject - matter is insured from one point to another isa
Correct Answer Unenforceable contract , Voidable contract , Illegal contract
Question The single most important document in International Trade and forms the
Correct Answer L/C
Select The Blank

film
Question The letter of cradit should state which of the methods have been chosen by
the parties namely,
Correct Answer Payment at sight , Deferred payment , Acceptance or negotiance
Select The Blank
Question An issue of bill of lading who deliberately backdates it in order to bring it
Select The Blank
Question The Arbitrations and Conciliation Act, 1996 was enacted taking into account
the model law and Rules recommended by United Nation for efficient ________ of
disputed arising in international commercial relation
Question The marine insurance policy or the marine insurance certificate forms a part
of the
Match The Following
Important issue of vertical privity is Who can be sued The marketing process
An automobile or high speed machinery maticulous precautions Who can be sued
Question A general average act has to satify the followling requirements. It must be
Correct Answer In time of peril , An extraordinary sacrifice or expenditure ,
Purposely resorted to
True/False
Question The arbitrator , like a judge, has power to order the inspection of the object
in dispute.
Correct Answer True
True/False
True/False
Question The expression literary work covers work which is expressed in print or
Correct Answer True
Question If the carriage of goods by sea are individual pakages, they are carried
under
Select The Blank

True/False
Select The Blank
Question The container leasing contract providees that the lessee has to pay
True/False
Match The Following

Intellectual Property Rights Agreement (TRIPS)_ India, a party Member India
Duration of 20 years for patents TRIPS agreemnt TRIPS agreemnt
True/False
Question Where a cargo is a tender in such a manner as to put an ordinary careful
Correct Answer True
Select The Blank
True/False
True/False
Correct Answer True
Select The Blank
Match The Following
Legalprotection of
computer software
protection

Select The Blank
the parties.
True/False
the invention
Select The Blank
True/False
Select The Blank
True/False
Correct Answer True
True/False
True/False
joint authorship.
Select The Blank
any terrorist
True/False
to standby credits

True/False
Select The Blank
Select The Blank
itself.
True/False
Select The Blank
Select The Blank
Correct Answer Ship
True/False
issuing

Select The Blank
Match The Following
GATT GATT
Agreement (TRIPS)_
patents
dispute proceeds to
most
Select The Blank
True/False
True/False
Correct
Answer
True
Select The Blank
of pubilc.
Match The Following
Legalprotection of
computer software
Not entitled for
Select The Blank
True/False
Select The Blank

commencement and destination of the transit Correct Answer Named
True/False
Select The Blank
Correct
Answer
dated
True/False
Correct
Answer
True
Correct
Answer
Insurance company
True/False
impartial.
Question One of the parties to the marine insurance is Known as Correct Answer
Assured
True/False
Question In the case of literary work like encyclopedia dictionaries, year books etc.,
Select The Blank

negotiance
True/False
True/False

lading is not.
Select The Blank
Select The Blank
the idea itself.
True/False
Rules apply.
Select The Blank
he can obtain it by
Select The Blank
Question The clause Arrival means that the seller has to cause delivery to be made to
Correct Answer Ship
True/False
of sale that payment shall be made under a letter of credit , The overseas buyer
instructs a bank at his place of business to open a letter of credit , The advising bank
document

Select The Blank
Match The Following
member
GATT GATT
World Trade
Organization
Member India WTO
Rights Agreement
(TRIPS)_
for patents
Correct Answer
True/False
policies
Correct Answer True
Select The Blank

Select The Blank
manufacturer
Select The Blank
True/False
registerable.
Correct Answer True
True/False
buyer
True/False
Select The Blank
Select The Blank
True/False
Correct Answer True
True/False
Match The Following
Match The Following
An automobile or high speed machinery maticulous precautions The marketing

process
he can obtain it by
contracts such as
True/False
are artistic
Select The Blank
Select The Blank
Correct Answer Ship
True/False
clause
True/False
Select The Blank
correctly
Select The Blank
Select The Blank
Select The Blank
any terrorist
Select The Blank
True/False
True/False
Correct Answer The policy number , The subjectmatter insured , The amount
insured
True/False
Question
Correct Answer
Your Answer
Question
Correct Answer
Your Answer
Select The Blank
Question
Correct Answer
Your Answer
Question
Correct Answer
Your Answer
Select The Blank
Question
Correct Answer
Your Answer
Question
Correct Answer
Your Answer
Question
Correct Answer
Your Answer
The terms of the contract of sale are conditions

and warranties
False
True
The Indian Court have summed up the following
Overall construction , Phonetic Similarity , The
overall similarity
Phonetic Similarity , The overall similarity , Overall
construction
When the consumer deals with the retailer rather
than directly with the manufacture he establishes a
________ relationship
Contractual
Contractual
Device marks which are the property of the
government and those which are prohibited by the
statute are not
Registerable
Registerable
The Arbitrations and Conciliation Act, 1996 was
enacted taking into account the model law and
Rules recommended by United Nation for efficient
________ of disputed arising in international
commercial relation
Settlement
Settlement
The polices which covers a period exceeding twelve
months on the continuation clause is a
Time policy
Time policy
Any loss occuring during the period of insurance
coverentitles the assured to recover
Insurable interest
Unpaid insurance
True/False
Question
Correct Answer
Your Answer
Question
Correct Answer
Your Answer
Select The Blank
Question
Correct Answer
Your Answer
Select The Blank
Question
The New York convention represents a progress in

the field of International arbitration as compared to
the Geneva provisions
True
True
The notice by the buyer to the seller to reject the
goods should be
Clear , definit , Not to be cotradicted by an act
Quasi contract
Quasi contract
Correct Answer
Your Answer
Question
Correct Answer
Your Answer
Question
Correct Answer
Your Answer
True/False
Question
Correct Answer
Your Answer
Protection of industrial property is not an end in

itself. It is a ________ to encourage creative activity,
industrialisation, investment and honest trade
Means
Means
The single most important document in
International Trade and forms the very basis of a
L/C
L/C
The features that are applied to the article must
appeal to the
Eye
Eye
The computer programmes have been included in
the ambit of patentability
False
False
Select The Blank
Question
Correct Answer
Your Answer
Question
Correct Answer
Your Answer
Question
Correct Answer
Your Answer
Question
Correct Answer
Your Answer
The ________ of subrogation is different from the Rightof the

insurer on abandonment
Right
Right
Negligently
Negligently

If the carriage of goods is alone by any one mode of trasportation,
the international transport
unimodel
unimodel

Question
Correct Answer
Your Answer
Select The Blank
Question
Correct Answer
Your Answer
True/False
Question
Correct Answer
Your Answer
Neither the carrier nor the ship would be responsible for loss or
damage arising or resulting from
Defensible
Defensible
True
True

International Commercial Law

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Question

Agreement with minor

Multiple Choice Multiple Answer

Multiple Choice Single Answer

The ICC court

The administrative and financial regulations ===

Multiple Choice Multiple Answer

Select The Blank

Multiple Choice Multiple Answer

Select The Blank

India is a signatory and indeed a founder member

Multiple Choice Multiple Answer

Select The Blank

Multiple Choice Single Answer

Question Arbitration is the most convenient machinery to settle the dispute.

Question Infringement of patent takes place, normally during Industrial or Commercial

Correct Answer Features of shape , configuration , Patter and ornament

Multiple Choice Single Answer

Multiple Choice Multiple Answer

European Arbitration Sponsored by the UN economic commission Sponsored by the UN

Application for Registration of Trademarks office of Trademark Registry Procedure for

office of Trademark Registry

Multiple Choice Multiple Answer

Select The Blank

Select The Blank

Multiple Choice Single Answer

Multiple Choice Single Answer

Important issue of vertical privity is Who can be sued

The marketing process

An automobile or high speed machinery

Multiple Choice Multiple Answer

Select The Blank

Multiple Choice Multiple Answer

India is a signatory and indeed a founder member

Member India WTO

Intellectual Property Rights Agreement (TRIPS)_

India, a party Member India

Multiple Choice Single Answer

Multiple Choice Single Answer

Multiple Choice Multiple Answer

Multiple Choice Single Answer

Multiple Choice Single Answer

Multiple Choice Single Answer

Correct Answer Freight

Question To avoid anything in the nature of set off or counter claim,

Multiple Choice Single Answer

Not entitled for copyright protection A mere idea Computer work

Multiple Choice Multiple Answer

Multiple Choice Single Answer

Multiple Choice Single Answer

Select The Blank

Europen Patent OfficeGermeny

The principles of non- discriminationMost favoured Nationsclase of Article 1 of GATT

Match The Following

An art of process of manufacture

Patents, designs and trade marks

Intellectual property Intellectual property

Patents, designs and trade

The doctrine of strict performance

Multiple Choice Single Answer

Commercial invoice Commercial invoice

Machines and equipments properly greases Before packing

Price quatition Invoice