2019
(November)
COMMERCE
(General/Speciality)
Course: 102
The figures in the
margin indicate full marks for the questions
(NEW COURSE)
(Business Laws)
Full Marks: 80
Pass Marks: 24
Time: 3 hours
1)
A contract with a person of unsound mind is
void.
2)
Agreement to sell is an executed contract.
3)
The Consumer Protection Act was enacted in the
year 1896.
4)
Crossed cheque can be exchanged at bank counter.
5)
Public utility services do not include railway
service.
(b) Choose the correct answer: 1x3=3
1)
The Indian Contract Act was passed in 1872/1873.
2)
The Sale of Goods Act includes/does not include
sale of house property.
3)
The Industrial Disputes Act helps in the
creation and maintenance of healthy industrial relations. (True/False).
2.
Explain (any four): 4x4=16
a)
Contract.
b)
Goods.
c)
Consumer’s right.
d)
Cheque.
e)
Bonus.
3.
(a) What are negotiable instruments? Discuss in detail the characteristics of
negotiable instruments. 4+10=14
Or
(b) Define Bill of Exchange. Compare Promissory Note with
Bill of Exchange. 4+10=14
4.
(a) Write the meaning of industry. Illustrate in detail the prohibitions of
strikes and lockouts. 4+10=14
Or
(b) What is meant by industrial dispute? Explain the
disputes termed as industrial dispute. 3+11=14
5.(a)
What is meant by unpaid seller? Elucidate the implied conditions as per the
Sale of Goods Act, 1930. 4+10=14
Or
(b) Explain how to file complaint under the Consumer
Protection Act. 14
6.
(a) “All contracts are agreement but all agreements are not contract.” Explain.
14
Or
(b) What is quasi-contract? Elucidate different types of
quasi-contract as per the Indian Contract Act, 1872. 4+10=14
Also Read: Business Laws Question Paper Non-CBCS Pattern
(OLD COURSE)
(Business Regulatory
Framework)
Full Marks: 80
Pass Marks: 32
Time: 3 hours
1.
Write True or False: 1x8=8
a)
The Indian Contract Act was passed in 1873.
b)
Void agreement and void contracts are not same.
c)
Sale is an executed contract.
d)
Implied warranties are not written in sale
agreement.
e)
The Negotiable Instrument Act was passed in
1781.
f)
Days of grace are not allowed in cheque.
g)
The Consumer Protection Act was passed in 1886.
h)
Consumers have 10 rights as per the Consumer
Protection Act.
2.
Write notes (any four): 4x4=16
a)
Illegal agreements.
b)
Future goods.
c)
Open cheque.
d)
Functions of the Reserve Bank of India.
e)
District Forum.
f)
Price.
g)
Coercion.
3.
(a) Explain the essential elements of a valid contract. 11
Or
(b) “No consideration no contract.” Discuss the exceptions
to this rule. 11
4.
(a) Distinguish between sale and agreement to sell. 11
Or
(b) Discuss the essential elements of sale under the Sale of
Goods Act, 1930. 11
5.
(a) Elucidate the characteristics of negotiable instrument. 11
Or
(b) How is cheque crossed? Write the various types of
crossed cheque? 3+8=11
6.
(a) Explain consumers’ rights according to the Consumer Protection Act. 11
Or
(b) Explain ‘complaint’ under the Consumer Protection Act.
Who can file a complaint? Write. 4+7=11
7.
(a) Elucidate ‘person’ and ‘person resident of India’ under FEMA. 12
Or
(b) Write notes on: 6x2=12
1)
Foundation of the Reserve Bank of India.
2)
Authorised person.
***
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