All India Management Association (AIMA) 2007 M.B.A Marketing Management Business Law - II - Question Paper
Friday, 01 February 2013 11:30Web
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(c) Trader Work Stations (TWS)
(d) National Exchange for Automated Trading (NEAT)
(e) Open outcry system.
( 1 mark)
21. Who among the subsequent persons is not considered as an insurer under the Insurance Act?
(a) A Provident Society
(b) An Insurance agent recognized by the Act undertaking insurance business
(c) An individual
(d) A Government company
(e) An unincorporated body of individuals.
( 1 mark)
22. Which of the subsequent statements is false under the Negotiable Instruments Act, 1881?
(a) Every holder of the instrument is assumed to be the owner of the property contained therein
(b) Every holder in due course is entitled to sue for recovery of the sum in his own name
(c) Every negotiable instrument is transferable till maturity
(d) Every holder is not a holder in due course
(e) Every negotiable instrument is assumed to have been drawn for consideration irrespective of consideration mentioned in the document.
( 1 mark)
23. Which of the subsequent agreements may be categorized as arising out of non-instantaneous form of communication under the info Technology Act, 2000?
(a) Implied contracts
(b) Oral contracts
(c) Express contracts
(d) E-mail contracts
(e) Government contracts.
( 1 mark)
24. The limitation period for filing of a complaint by the complainant for deficiency of service before the redressal agency under the Consumer Protection Act, 1986 is
(a) six months from the date on which reason of action has arisen
(b) one year from the date on which reason of action has arisen
(c) 18 months from the date on which reason of action has arisen
(d) two years from the date on which reason of action has arisen
(e) three years from the date on which reason of action has arisen.
( 1 mark)
25. Which of the subsequent is actual in respect of the causes and hazards of air pollution?
(a) The life of buildings is not affected due to acid rain
(b) Acid rain modifications the physical condition of soil thereby improving its fertility
(c) Pollutants like Chlorine do not react with ozone to reason depletion of ozone layer
(d) Carbon dioxide and water vapour in the atmosphere absorb reflect infrared radiation to the earth’s surface, bringing its temperature down
(e) Due to global warming evapouration of water is increasing rapidly from ponds, rivers, seas etc., leading to untimely rains and cyclones.
( 1 mark)
26. Kailash Toys Ltd., a manufacturer of children’s toys entered into a distribution agreement with Gaurav Distributors Ltd., engaged in the distribution of children’s toys for the distribution of the toys manufactured by Kailash Toys Ltd. Both the companies incorporated an arbitration clause in the distribution agreement to submit their current and future disputes to arbitration. Later, when disputes arose, Gaurav Distributors Ltd., contends that there should have been a separate arbitration agreement and hence, the arbitration clause in the distribution agreement was not valid. Which of the subsequent statements is actual in these circumstances under the Arbitration and Conciliation Act, 1996?
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