All India Management Association (AIMA) 2007 M.B.A Marketing Management Business Law - II - Question Paper
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ques. Paper
Business legal regulations - II (MB2F2): October 2007
• Answer all 70 ques..
• Marks are indicated against every ques..
Total Marks : 100
1. The primary objective of securitization under the SARFAESI Act, 2002 is to sell the secured Non-Performing Assets (NPA) loans to investors through a special purpose vehicle called
(a) Securitization Company
(b) Qualified Institutional Buyers
(c) Asset Reconstruction Company
(d) Reserve Bank of India
(e) Debt Recovery Tribunal.
( 1 mark)
2. Which of the subsequent is not considered as an instrument negotiable by custom or usage?
(a) Delivery orders for goods
(b) Railway receipts for goods
(c) Hundi
(d) Government Promissory notes
(e) Cheques.
( 1 mark)
3. Under the Competition Act, 2002, any agreement restricting in any manner the purchaser in the course of his trade from acquiring or otherwise dealing in any goods other than those of the seller is known as
(a) Migration
(b) Exclusive supply agreement
(c) Exclusive distribution agreement
(d) Predatory pricing
(e) Bids.
( 1 mark)
4. Under the common law, which of the subsequent is known as ‘self-help remedy’, because the owner of the land affected may take action to contain the damage?
(a) Suit for injunction
(b) Suit for damages
(c) Abatement
(d) Rule of strict liability
(e) Rule of absolute liability.
( 1 mark)
5. Which of the subsequent is not a method of option Dispute Resolution (ADR)?
(a) Arbitration
(b) Conciliation
(c) Litigation
(d) Mediation
(e) Negotiation.
( 1 mark)
6. Sree Leathers Ltd., a manufacturer of footwear entered into an agreement with Foot Needs, a retailer of footwear, for the sale of its products. 1 of the conditions in the agreement ranging from Sree Leathers Ltd., and Foot Needs was that the retailer shall sell the goods manufactured by Sree Leathers Ltd., at a price not beneath the one, marked on the tag of the footwear. Under the Competition Act, 2002, such an agreement is classified as
(a) Denial of market access
(b) Unfair discrimination in purchase
(c) Unfair discrimination in sale
(d) Resale price maintenance
(e) Refusal to deal.
( 2 marks)
7. Soubhgya Bank Ltd., is licensed to carry-on business as a banking company. It wants to take advantage of the retail boom in the country and wishes to open a retail chain of consumer and electronic goods. Which of the subsequent businesses is prohibited for banks under the Banking Regulation Act, 1949?
(a) The business of contracting for private loans and negotiating the identical
(b) The business of undertaking and executing trusts
(c) The business of buying or selling of goods
(d) The business of carrying on and transacting every type of guarantee and indemnity business
(e) The business of acquiring and undertaking the whole of the business of a different banking company.
| Earning: Approval pending. |
