Divya Jyoti Foundation

JavaScript isn't enabled in your browser, so this file can't be opened. Enable and reload.

Registered Valuers Organisations

Email *

1. A stipulation which is necessary for the main purpose of contract is a

1 point

a) Condition

b) Warranty

c) Lien

d) Damages

Clear selection

2. In case of breach of contract by the seller, buyer has the option to

1 point

a) Reject the goods

b) Sue the seller for damages for breach of warranty

c) Set up against the seller the breach of warranty in diminution or exanction of the price

d) All of the above

Clear selection

3. An unpaid seller has –

1 point

a) A lien on the goods for the price while he is in possession of them

b) In case of the insolvency of the buyer a right of stopping the goods in transit after he has parted with the possession of them

c) A right of re-sale as limited by this Act

d) All of the above

Clear selection

4. Do the seller has the right to sue the buyer for the non-acceptance of the delivery

1 point

a) Yes

b) No

c) Only in case he refuses to take goods

d) As per the Agreement between them

Clear selection

5. Under section 57, the buyer has the right to sue for

1 point

a) Damages of defective goods

b) Damages for non-delivery

c) Damages for non-acceptance

d) All of the above

Clear selection

6. A contract for sale can be:

1 point

a) In writing

b) Oral

c) Both

d) Implied

Clear selection

7. When sale can be made in case of joint-owners

1 point

a) With the permission of the co-owners

b) With the help of agreement

c) No permission is required in case of substantial interest

d) None of the above

Clear selection

8. An easement can be transferred apart from the dominant heritage

1 point

a) Always

b) Not possible

c) Only under certain circumstances

d) None of the above

Clear selection

9. Who is competent to transfer?

1 point

a) Every person competent to contract and entitled to transferable property

b) Owner of the property

c) Anyone

d) All of the above

Clear selection

10. Is oral transfer possible?

1 point

a) Yes

b) No

c) Only when made at the end of the life

d) When the approval is taken from the magistrate

Clear selection

11. Every transfer made with intent to defeat or delay the creditors of the transferor shall be

1 point

a) Void

b) Voidable

c) Enforceable

d) None of the above

Clear selection

12. The Act provides for how many types of mortgages?

1 point

a) 3

b) 4

c) 5

d) 6

Clear selection

13. A receiver can be removed by?

1 point

a) Mortgagor

b) Mortgagee

c) Court

d) All of the above

Clear selection

14. The price of the lease is called

1 point

a) Lease price

b) Premium

c) Discounting Price

d) Market Price

Clear selection

15. The provisions relating to gifts are not applicable to

1 point

a) Buddhist Law

b) Mohammedan law

c) Hindu Law

d) Parsi Law

Clear selection

16. A gift comprising both existing and future property is _______ as to the latter.

1 point

a) Void

b) Voidable

c) Enforceable

d) None of the above

Clear selection

17. Deductions from salary is allowed under

1 point

a) Section 15

b) Section 16

c) Section 17

d) All of the above

Clear selection

18. Receipt of amount on maturity of LIC policy is _________

1 point

a) Revenue receipt

b) Capital receipt

c) Casual Receipt

d) None of the above

Clear selection

19. House property includes

1 point

a) Farm house income

b) Income from sub tenancy

c) House property occupied for own business

d) None of the above

Clear selection

20. Income by way of rent of agricultural land is ______

1 point

a) Business income

b) Agriculture Income

c) Income from the house property

d) Income from other sources

Clear selection

21. Which of the following is not a capital receipt?

1 point

a) ‘salami’ for the settlement of tenancy

b) Insurance claim received on machinery lost by fire

c) Lumpsum received on sale of shares

d) Goods sold for cash

Clear selection

22. The income of a minor child will be clubbed with the income of

1 point

a) The mother

b) The father

c) The parent whose income without clubbing the child’s income is lessor

d) The parent whose income without

Clear selection

23. Winnings from lottery and gambling is taxed at ________

1 point

a) As per the slab rates applicable to the gross total income of the assesse

b) Flat 20%

c) Flat 30%

d) Any other rate

Clear selection

24. Advance salary received by an employee is taxed in the year

1 point

a) Of receipt

b) When it is due

c) Any of the a. or b.

d) As decided by the AO

Clear selection

25. Salary of April 2017, received in March 2018 is called ______

1 point

a) Advance salary

b) Arrears of salary

c) Leave salary

d) Additional salary

Clear selection

Submit

Clear form

This content is neither created nor endorsed by Google. Report Abuse - Terms of Service - Privacy Policy

Forms