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Free MCQ’s – The Indian Contract Act 1872 Part II

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

Meaning of Contract PART-II

Here you will find detailed MCQ on each topic. You can use these to improve your in-depth understanding of topics which will help you to clear your exams with good marks. (Free MCQ’s – The Indian Contract Act 1872)

Multiple Choice Questions

  1. Indian contract Act is originally based on
    1. English Law
    2. European Law
    3. Indian Law
    4. Both English and Indian Law
  2. The Indian contract Act 1872 is a
    1. State Law
    2. Central Law
    3. Controlled by both center & state
    4. None of the above
  3. Enforceability means
    1. Legally accepted by party
    2. Legally accepted by party as well as society
    3. Legally accepted by Court or Law
    4. All of above
  4. The Indian Contract Act 1872 doesn’t includes
    1. Social Contract
    2. Civil contract
    3. commercial contract
    4. all of the above
  5. Indian contract Act is now applicable to Union territory of Jammu & Kashmir and Ladakh due to revocation of
    1. Article 260
    2. Article 270
    3. Article 370
    4. Article 360
  6. A bill after passed from both houses of parliament, becomes an Act when consent is given by
    1. Prime Minister
    2. President
    3. Governor
    4. None of the above
  7. Mr. Ram agrees to sell his house to Mr. Shyam for the consideration of Rs. 1crore.This will be considered as
    1. An agreement
    2. An offer
    3. A contract
    4. None of the above
  8. In case of a valid contract, Contract Act helps the parties in
    1. Binding each other about terms of contract
    2. Execution of contract,
    3. provide rights and obligation provisions in different circumstances
    4. all of the above
  9. When an offer is accepted, it becomes
    1. agreement
    2. contract
    3. acceptance
    4. None of the above
  10. A promise has following elements
    1. Offer
    2. acceptance
    3. consideration
    4. all of the above

Free MCQ’s – The Indian Contract Act 1872

Answer Key

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

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