MCQ on Indian Railways Administration and Finance An introduction
(Indian Contract Act) PC-11
1) Law of
contract is
(A) Not the
whole law of agreements nor is it the whole law of obligations
(B) The
whole law of agreements
(C) The
whole law of obligations
(D) None of
the above
2) An
agreement is a voidable contract when it is
(A) Enforceable if certain conditions are fulfilled
(B) Enforceable by law at the option of the aggrieved party
(C) Enforceable by both the parties
(D) Not enforceable at all.
3) Agreement
is defined in Section……… of the Indian Contract Act, 1872.
(A) 2(c)
(B) 2(e)
(C) 2(g)
(D) 2(i)
4) The Law
of Contract is nothing but
(A) A child
of commercial dealing
(B) A child
of religion
(C) A child
of day to day politics
(D) A child
of economics
5) In
India, the express provisions of the Contract Act applies to
(A) Hindus
(B) Mohammedan
(C) Business man
(D) All of the above
6)
Where there is no express provision in Contract
Act, the following prevails and applied for deciding the cases
(A) The
provisions of any law of the land
(B) The
usage of the trade
(C) The
provisions of personal law
(D) Any of
the above if not inconsistent with the provisions of the Contract Act
7) The provisions
of Indian Contract Act override
(A) The provisions of Hindu law
(B) The provisions of Mohammedan law
(C) Usage or customs of trade
(D) All of the above
8) Agreement
to murder a person
(A) Cannot
be enforceable by law
(B) Is valid
in law
(C) In
invalid for want of consideration
(D) Has no
consensus ad idem
9) Agreements
that do not give rise to contractual obligations are not contracts.
(A) True
(B) Partly True
(C) False
(D) None of the above
10) Agreements
that do not give rise to contractual obligations are not contracts.
(A) To be proved to the satisfaction of the Court
(B) Presumed to exist
(C) Required to the extent of consideration
(D) Not relevant at all
11) A
Contract
(A) May be
void as originally entered into
(B) May
become void subsequent to its formation
(C) Cannot
become void under any circumstances
(D) May
become void at the will of a Party.
12) A contract is
(A) A legal
obligation
(B) An
agreement plus a legal obligation
(C) Consensus
ad idem
(D) An
agreement plus a legal formality
13) Essential
Conditions of a Contract
(A) There must be TWO parties
(B) There must be at least THREE parties
(C) There need not be any offer
(D) There is no need that all should be of sound mind
14) Works
Contracts are
(A) Are
covered by IRS conditions of Contract
(B) Are
covered by General Conditions of Contract
(C) Both a)
and b)
(D) None of
the above
Answer key
Indian Contract Act
1A 2B 3B 4A 5D 6D 7D 8A 9A 10A 11B 12B
13A 14B
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