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Free MCQ for Business Law-CA Foundation November, 2020 Exams

The Indian Contract Act, 1872

Topic-2 Introduction of Contract Act 1872

PART-1

Here we are providing you MCQs practice set for assessment of your conceptual clarity. Solve these questions now and be 100% confident about your exams.

Multiple Choice Questions

  1. Meaning of contract
    1. It an agreement
    2. It an agreement enforceable by law
    3. It is a promise enforceable by law
    4. None of the above
  2. The Indian Contract Act, 1872 is now applicable to
    1. Whole India including Jammu & Kashmir and ladakh Union Territory
    2. Whole India except Jammu & Kashmir
    3. Whole India Including Jammu & Kashmir
    4. Whole India Including ladakh Union Territory
  3. The Indian Contract Act was applicable from
    1. 1 August 1872
    2. 1 September 1872
    3. 1 September 1871
    4. 1 August 1871
  4. Which section of the Act provides the name of the Act
    1. Rule1
    2. Section 1
    3. Rule 2
    4. Section 2
  5. Contract means
    1. Promise + enforceability
    2. Offer+ enforceability
    3. Offer+enforceability + consideration
    4. None of the above
  6. Agreement means
    1. Offer + acceptance
    2. Proposal + consideration
    3. agreement+ enforceability
    4. None of the above
  7. The first step of contract is
    1. Offer
    2. Agreement
    3. Acceptance
    4. None of the above
  8. Term provided in any Act, can be used in
    1. Same Act only
    2. All Act
    3. Some specific Act
    4. None of the above
  9. Ram made a contract with Shyam but they forgot to decide the consideration, this will be considered as
    1. An agreement
    2. A Contract
    3. An offer only
    4. None of the above
  10. Indian Contract Act 1872 is falls under category of
    1. Mercantile Law
    2. Civil Law
    3. Commercial Law
    4. None of the above

Free MCQ for Business Law CA Foundation November 2020 Exams

Answer Key

  1. (b) 2. (a) 3.(b) 4. (b) 5.(a) 6.(d) 7. (a) 8. (a) 9. (c) 10. (a)

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