Showing posts with label CPD. Show all posts
Showing posts with label CPD. Show all posts

09 October 2026

Mock-Test CPD-III C-6 IT Audit

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C-6 Information Systems Audit (CPD-III)

20 Questions | 20 Minutes | 20 Marks

Advanced Practice Mock Test · Effective from 2021 Exam

Choose one answer for each question. You can move between questions using the navigation buttons or question numbers.

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10 April 2026

✅ The Arbitration & Conciliation Act, 1996 -100 MCQs

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✅ The Arbitration & Conciliation Act, 1996 -100 MCQs



  1. The Arbitration & Conciliation Act, 1996 is based on:
    A) Indian Penal Code
    B) UNCITRAL Model Law
    C) CPC
    D) Evidence Act
    Answer: B
  2. Arbitration means:
    A) Court trial
    B) Private dispute resolution
    C) Criminal trial
    D) Mediation only
    Answer: B
  3. Arbitration agreement is defined under:
    A) Sec 2
    B) Sec 7
    C) Sec 9
    D) Sec 11
    Answer: B
  4. Arbitration agreement must be:
    A) Oral
    B) Written
    C) Implied
    D) Verbal
    Answer: B
  5. Arbitration clause is part of:
    A) Award
    B) Contract
    C) Judgment
    D) Appeal
    Answer: B
  6. Number of arbitrators is:
    A) Always one
    B) Always three
    C) As agreed by parties
    D) Fixed by court
    Answer: C
  7. If parties fail to appoint arbitrator, appointment is made by:
    A) Police
    B) Court
    C) Government
    D) Auditor
    Answer: B
  8. Arbitration proceedings commence under:
    A) Sec 20
    B) Sec 21
    C) Sec 22
    D) Sec 23
    Answer: B
  9. Seat of arbitration determines:
    A) Language
    B) Jurisdiction
    C) Arbitrator
    D) Cost
    Answer: B
  10. Arbitration agreement survives:
    A) Contract termination
    B) Contract execution
    C) Payment
    D) Delivery
    Answer: A
  11. Arbitrator must be:
    A) Biased
    B) Independent
    C) Government official
    D) Lawyer only
    Answer: B
  12. Independence of arbitrator ensures:
    A) Bias
    B) Fairness
    C) Delay
    D) Secrecy
    Answer: B
  13. Challenge to arbitrator is under:
    A) Sec 12
    B) Sec 13
    C) Sec 14
    D) Sec 15
    Answer: B
  14. Grounds of challenge include:
    A) Bias
    B) Delay
    C) Cost
    D) Payment
    Answer: A
  15. Arbitrator can be removed if:
    A) Delay
    B) Incapacity
    C) Payment issue
    D) Delivery
    Answer: B
  16. Substitute arbitrator is appointed under:
    A) Sec 15
    B) Sec 16
    C) Sec 17
    D) Sec 18
    Answer: A
  17. Arbitral tribunal includes:
    A) Judge
    B) Arbitrator(s)
    C) Police
    D) Auditor
    Answer: B
  18. Competence of tribunal is under:
    A) Sec 16
    B) Sec 17
    C) Sec 18
    D) Sec 19
    Answer: A
  19. Tribunal can rule on:
    A) Jurisdiction
    B) Cost
    C) Payment
    D) Delivery
    Answer: A
  20. Arbitration is:
    A) Public
    B) Private
    C) Criminal
    D) Administrative
    Answer: B
  21. Party autonomy means:
    A) Court control
    B) Freedom of parties
    C) Government control
    D) Auditor control
    Answer: B
  22. Arbitration agreement may be:
    A) Separate
    B) Clause
    C) Both
    D) None
    Answer: C
  23. Written agreement includes:
    A) Emails
    B) Letters
    C) Electronic records
    D) All
    Answer: D
  24. Arbitration avoids:
    A) Delay
    B) Litigation
    C) Cost
    D) All
    Answer: B
  25. Arbitration is binding:
    A) No
    B) Yes
    C) Optional
    D) Partial
    Answer: B


  1. Procedure is governed by:
    A) Court
    B) Parties
    C) Police
    D) Auditor
    Answer: B
  2. Tribunal is not bound by:
    A) CPC
    B) Evidence Act
    C) Both
    D) None
    Answer: C
  3. Equal treatment of parties is under:
    A) Sec 18
    B) Sec 19
    C) Sec 20
    D) Sec 21
    Answer: A
  4. Place of arbitration is under:
    A) Sec 20
    B) Sec 21
    C) Sec 22
    D) Sec 23
    Answer: A
  5. Language of arbitration is under:
    A) Sec 21
    B) Sec 22
    C) Sec 23
    D) Sec 24
    Answer: B
  6. Statement of claim is under:
    A) Sec 23
    B) Sec 24
    C) Sec 25
    D) Sec 26
    Answer: A
  7. Hearing is under:
    A) Sec 24
    B) Sec 25
    C) Sec 26
    D) Sec 27
    Answer: A
  8. Default of party is under:
    A) Sec 25
    B) Sec 24
    C) Sec 23
    D) Sec 22
    Answer: A
  9. Expert appointment is under:
    A) Sec 26
    B) Sec 27
    C) Sec 28
    D) Sec 29
    Answer: A
  10. Court assistance in evidence is under:
    A) Sec 27
    B) Sec 26
    C) Sec 25
    D) Sec 24
    Answer: A
  11. Rules of law applicable are under:
    A) Sec 28
    B) Sec 29
    C) Sec 30
    D) Sec 31
    Answer: A
  12. Decision by majority is under:
    A) Sec 29
    B) Sec 30
    C) Sec 31
    D) Sec 32
    Answer: A
  13. Settlement during arbitration is under:
    A) Sec 30
    B) Sec 29
    C) Sec 28
    D) Sec 27
    Answer: A
  14. Form of award is under:
    A) Sec 31
    B) Sec 32
    C) Sec 33
    D) Sec 34
    Answer: A
  15. Termination of proceedings is under:
    A) Sec 32
    B) Sec 31
    C) Sec 30
    D) Sec 29
    Answer: A
  16. Correction of award is under:
    A) Sec 33
    B) Sec 34
    C) Sec 35
    D) Sec 36
    Answer: A
  17. Finality of award is under:
    A) Sec 35
    B) Sec 36
    C) Sec 34
    D) Sec 33
    Answer: A
  18. Enforcement of award is under:
    A) Sec 36
    B) Sec 35
    C) Sec 34
    D) Sec 33
    Answer: A
  19. Interim measures by tribunal are under:
    A) Sec 17
    B) Sec 16
    C) Sec 15
    D) Sec 14
    Answer: A
  20. Interim measures by court are under:
    A) Sec 9
    B) Sec 8
    C) Sec 7
    D) Sec 6
    Answer: A
  21. Fast-track arbitration is under:
    A) Sec 29B
    B) Sec 29A
    C) Sec 30
    D) Sec 31
    Answer: A
  22. Time limit for award is under:
    A) Sec 29A
    B) Sec 29B
    C) Sec 30
    D) Sec 31
    Answer: A
  23. Costs are under:
    A) Sec 31A
    B) Sec 31
    C) Sec 30
    D) Sec 29
    Answer: A
  24. Confidentiality is under:
    A) Sec 42A
    B) Sec 41
    C) Sec 40
    D) Sec 39
    Answer: A
  25. Immunity of arbitrator is under:
    A) Sec 42B
    B) Sec 42A
    C) Sec 41
    D) Sec 40
    Answer: A


  1. Arbitral award is:
    A) Judgment
    B) Decision of tribunal
    C) Order
    D) Decree
    Answer: B
  2. Award must be:
    A) Oral
    B) Written
    C) Verbal
    D) Informal
    Answer: B
  3. Award must state:
    A) Reasons
    B) Cost
    C) Arbitrator
    D) None
    Answer: A
  4. Date and place must be in:
    A) Agreement
    B) Award
    C) Appeal
    D) Petition
    Answer: B
  5. Award is final and binding under:
    A) Sec 35
    B) Sec 36
    C) Sec 34
    D) Sec 33
    Answer: A
  6. Challenge to award is under:
    A) Sec 34
    B) Sec 35
    C) Sec 36
    D) Sec 33
    Answer: A
  7. Grounds for setting aside include:
    A) Fraud
    B) Bias
    C) Public policy
    D) All
    Answer: D
  8. Limitation for challenge is:
    A) 1 month
    B) 3 months
    C) 6 months
    D) 1 year
    Answer: B
  9. Court cannot:
    A) Set aside
    B) Modify award
    C) Enforce
    D) Stay
    Answer: B
  10. Enforcement of award is like:
    A) Contract
    B) Decree
    C) Order
    D) Judgment
    Answer: B
  11. Foreign award is under:
    A) Part II
    B) Part I
    C) Part III
    D) Part IV
    Answer: A
  12. New York Convention is for:
    A) Domestic award
    B) Foreign award
    C) Contract
    D) Arbitration
    Answer: B
  13. Public policy includes:
    A) Fraud
    B) Corruption
    C) Justice
    D) All
    Answer: D
  14. Patent illegality applies to:
    A) Domestic award
    B) Foreign award
    C) Both
    D) None
    Answer: A
  15. Award can be corrected within:
    A) 30 days
    B) 60 days
    C) 90 days
    D) 120 days
    Answer: A
  16. Interest on award is under:
    A) Sec 31
    B) Sec 30
    C) Sec 29
    D) Sec 28
    Answer: A
  17. Costs follow:
    A) Loser
    B) Winner
    C) Court
    D) Arbitrator
    Answer: A
  18. Tribunal can award:
    A) Interest
    B) Cost
    C) Both
    D) None
    Answer: C
  19. Award becomes enforceable when:
    A) Passed
    B) Challenge period ends
    C) Filed
    D) Signed
    Answer: B
  20. Stay of award requires:
    A) Filing
    B) Court order
    C) Payment
    D) Delivery
    Answer: B
  21. Settlement award is under:
    A) Sec 30
    B) Sec 29
    C) Sec 28
    D) Sec 27
    Answer: A
  22. Award must be signed by:
    A) All arbitrators
    B) Majority
    C) One
    D) Court
    Answer: B
  23. Dissenting opinion is:
    A) Mandatory
    B) Optional
    C) Illegal
    D) Binding
    Answer: B
  24. Award must be delivered to:
    A) Court
    B) Parties
    C) Government
    D) Auditor
    Answer: B
  25. Partial award is:
    A) Invalid
    B) Valid
    C) Illegal
    D) Void
    Answer: B


  1. Conciliation is under:
    A) Part III
    B) Part II
    C) Part I
    D) Part IV
    Answer: A
  2. Conciliation is:
    A) Binding
    B) Non-binding
    C) Court process
    D) Arbitration
    Answer: B
  3. Conciliator acts as:
    A) Judge
    B) Facilitator
    C) Arbitrator
    D) Lawyer
    Answer: B
  4. Settlement agreement has status of:
    A) Contract
    B) Award
    C) Decree
    D) Order
    Answer: B
  5. Conciliation starts with:
    A) Agreement
    B) Invitation
    C) Award
    D) Petition
    Answer: B
  6. Conciliator is appointed by:
    A) Court
    B) Parties
    C) Government
    D) Auditor
    Answer: B
  7. Confidentiality in conciliation is:
    A) Mandatory
    B) Optional
    C) Illegal
    D) Partial
    Answer: A
  8. Conciliator cannot:
    A) Suggest
    B) Decide dispute
    C) Facilitate
    D) Negotiate
    Answer: B
  9. Termination of conciliation occurs when:
    A) Settlement
    B) Withdrawal
    C) Declaration
    D) All
    Answer: D
  10. Conciliation avoids:
    A) Cost
    B) Litigation
    C) Delay
    D) All
    Answer: D
  11. Arbitration vs conciliation:
    A) Same
    B) Different
    C) Partial
    D) None
    Answer: B
  12. Arbitration gives:
    A) Award
    B) Settlement
    C) Suggestion
    D) Advice
    Answer: A
  13. Conciliation gives:
    A) Award
    B) Settlement
    C) Judgment
    D) Decree
    Answer: B
  14. Institutional arbitration is:
    A) Ad hoc
    B) Organized
    C) Informal
    D) Illegal
    Answer: B
  15. Ad hoc arbitration is:
    A) Institutional
    B) Party-managed
    C) Court
    D) Government
    Answer: B
  16. Arbitration cost includes:
    A) Fees
    B) Expenses
    C) Both
    D) None
    Answer: C
  17. Fast-track arbitration is:
    A) Slow
    B) Expedited
    C) Court
    D) Informal
    Answer: B
  18. Interim relief protects:
    A) Rights
    B) Cost
    C) Delay
    D) Audit
    Answer: A
  19. Seat vs venue:
    A) Same
    B) Different
    C) Partial
    D) None
    Answer: B
  20. Lex arbitri means:
    A) Law of arbitration
    B) Contract law
    C) Criminal law
    D) Tax law
    Answer: A
  21. Arbitration agreement is separable from:
    A) Award
    B) Contract
    C) Court
    D) Law
    Answer: B
  22. Kompetenz-kompetenz means:
    A) Court power
    B) Tribunal decides jurisdiction
    C) Party power
    D) Government control
    Answer: B
  23. Arbitration clause survives:
    A) Performance
    B) Termination
    C) Payment
    D) Delivery
    Answer: B
  24. Court intervention is:
    A) Maximum
    B) Minimum
    C) Mandatory
    D) None
    Answer: B
  25. Arbitration Act aims to:
    A) Increase litigation
    B) Promote ADR
    C) Delay
    D) Bias
    Answer: B

✅Penalties & Debarment + Indian Contract Act, 1872 (100 MCQs)

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✅Penalties & Debarment + Indian Contract Act, 1872 (100 MCQs)



  1. A contract is defined under Section:
    A) 2(a)
    B) 2(h)
    C) 10
    D) 73
    Answer: B
  2. An agreement enforceable by law is called:
    A) Promise
    B) Contract
    C) Offer
    D) Proposal
    Answer: B
  3. Proposal is defined under:
    A) Sec 2(a)
    B) Sec 2(b)
    C) Sec 10
    D) Sec 73
    Answer: A
  4. Acceptance is defined under:
    A) Sec 2(a)
    B) Sec 2(b)
    C) Sec 2(c)
    D) Sec 10
    Answer: B
  5. Consideration is defined under:
    A) Sec 2(d)
    B) Sec 2(e)
    C) Sec 10
    D) Sec 73
    Answer: A
  6. Void agreement is defined under:
    A) Sec 2(g)
    B) Sec 2(h)
    C) Sec 10
    D) Sec 73
    Answer: A
  7. Voidable contract is defined under:
    A) Sec 2(i)
    B) Sec 2(g)
    C) Sec 10
    D) Sec 73
    Answer: A
  8. Essentials of valid contract include:
    A) Agreement + enforceability
    B) Offer only
    C) Acceptance only
    D) Writing only
    Answer: A
  9. Free consent includes:
    A) Coercion
    B) Undue influence
    C) Absence of coercion
    D) Fraud
    Answer: C
  10. Competency to contract is defined under:
    A) Sec 10
    B) Sec 11
    C) Sec 12
    D) Sec 73
    Answer: B
  11. Minor’s agreement is:
    A) Valid
    B) Void
    C) Voidable
    D) Illegal
    Answer: B
  12. Consideration must be:
    A) Past only
    B) Present only
    C) Lawful
    D) Monetary only
    Answer: C
  13. Agreement without consideration is:
    A) Valid
    B) Void
    C) Illegal
    D) Enforceable
    Answer: B
  14. Consent is defined under:
    A) Sec 13
    B) Sec 14
    C) Sec 10
    D) Sec 73
    Answer: A
  15. Free consent is defined under:
    A) Sec 13
    B) Sec 14
    C) Sec 11
    D) Sec 10
    Answer: B
  16. Coercion is defined under:
    A) Sec 15
    B) Sec 16
    C) Sec 17
    D) Sec 18
    Answer: A
  17. Undue influence is under:
    A) Sec 15
    B) Sec 16
    C) Sec 17
    D) Sec 18
    Answer: B
  18. Fraud is defined under:
    A) Sec 17
    B) Sec 18
    C) Sec 19
    D) Sec 20
    Answer: A
  19. Misrepresentation is under:
    A) Sec 18
    B) Sec 17
    C) Sec 19
    D) Sec 20
    Answer: A
  20. Mistake is covered under:
    A) Sec 20–22
    B) Sec 10
    C) Sec 15
    D) Sec 73
    Answer: A
  21. Lawful object is required under:
    A) Sec 23
    B) Sec 24
    C) Sec 10
    D) Sec 73
    Answer: A
  22. Agreement opposed to public policy is:
    A) Valid
    B) Void
    C) Voidable
    D) Illegal
    Answer: B
  23. Wagering agreements are:
    A) Valid
    B) Void
    C) Illegal
    D) Enforceable
    Answer: B
  24. Contingent contract is defined under:
    A) Sec 31
    B) Sec 32
    C) Sec 10
    D) Sec 73
    Answer: A
  25. Performance of contract is under:
    A) Sec 37
    B) Sec 10
    C) Sec 73
    D) Sec 2
    Answer: A


  1. Breach of contract leads to:
    A) Performance
    B) Remedy
    C) Discharge
    D) All
    Answer: D
  2. Compensation for breach is under:
    A) Sec 73
    B) Sec 74
    C) Sec 75
    D) Sec 10
    Answer: A
  3. Liquidated damages are covered under:
    A) Sec 73
    B) Sec 74
    C) Sec 75
    D) Sec 10
    Answer: B
  4. Penalty clause is under:
    A) Sec 74
    B) Sec 73
    C) Sec 75
    D) Sec 10
    Answer: A
  5. Quantum meruit means:
    A) Equal payment
    B) Reasonable payment
    C) Fixed payment
    D) Bonus
    Answer: B
  6. Anticipatory breach occurs:
    A) After due date
    B) Before due date
    C) During performance
    D) After completion
    Answer: B
  7. Actual breach occurs:
    A) Before performance
    B) At due date
    C) After termination
    D) Before agreement
    Answer: B
  8. Specific performance is:
    A) Compensation
    B) Court order to perform
    C) Penalty
    D) Arbitration
    Answer: B
  9. Rescission means:
    A) Continuation
    B) Cancellation
    C) Performance
    D) Payment
    Answer: B
  10. Injunction is:
    A) Order to perform
    B) Order to stop
    C) Compensation
    D) Penalty
    Answer: B
  11. Damages must be:
    A) Remote
    B) Direct
    C) Speculative
    D) Arbitrary
    Answer: B
  12. Remote damages are:
    A) Recoverable
    B) Not recoverable
    C) Mandatory
    D) Fixed
    Answer: B
  13. Mitigation of damages means:
    A) Increase loss
    B) Reduce loss
    C) Ignore loss
    D) Transfer loss
    Answer: B
  14. Contract discharged by impossibility is under:
    A) Sec 56
    B) Sec 73
    C) Sec 74
    D) Sec 10
    Answer: A
  15. Frustration of contract leads to:
    A) Continuation
    B) Discharge
    C) Penalty
    D) Payment
    Answer: B
  16. Novation means:
    A) Cancellation
    B) Substitution
    C) Performance
    D) Delay
    Answer: B
  17. Alteration of contract requires:
    A) One party
    B) Mutual consent
    C) Court order
    D) Arbitration
    Answer: B
  18. Waiver means:
    A) Enforcement
    B) Abandonment of rights
    C) Penalty
    D) Payment
    Answer: B
  19. Remission is:
    A) Increase obligation
    B) Reduction of obligation
    C) Cancellation
    D) Payment
    Answer: B
  20. Breach gives right to:
    A) Compensation
    B) Performance
    C) Both
    D) None
    Answer: C
  21. Damages aim to:
    A) Punish
    B) Compensate
    C) Reward
    D) Delay
    Answer: B
  22. Exemplary damages are:
    A) Punitive
    B) Compensatory
    C) Nominal
    D) Liquidated
    Answer: A
  23. Nominal damages are:
    A) High
    B) Small
    C) Punitive
    D) Fixed
    Answer: B
  24. Consequential damages are:
    A) Direct
    B) Indirect
    C) Nominal
    D) Fixed
    Answer: B
  25. Breach of warranty gives:
    A) Rejection
    B) Damages
    C) Specific performance
    D) Cancellation
    Answer: B


  1. Debarment means:
    A) Promotion
    B) Blacklisting
    C) Payment
    D) Audit
    Answer: B
  2. Debarment is imposed for:
    A) Good performance
    B) Misconduct
    C) Audit
    D) Payment
    Answer: B
  3. Blacklisting affects:
    A) One contract
    B) Future participation
    C) Payment
    D) Audit
    Answer: B
  4. Grounds for debarment include:
    A) Transparency
    B) Fraud
    C) Efficiency
    D) Audit
    Answer: B
  5. Debarment must follow:
    A) Secrecy
    B) Due process
    C) Delay
    D) Bias
    Answer: B
  6. Show cause notice is issued before:
    A) Payment
    B) Debarment
    C) Audit
    D) Delivery
    Answer: B
  7. Natural justice requires:
    A) No hearing
    B) Opportunity to be heard
    C) Delay
    D) Bias
    Answer: B
  8. Debarment period is:
    A) Permanent always
    B) Time-bound
    C) One day
    D) Optional
    Answer: B
  9. Fraud includes:
    A) Transparency
    B) Misrepresentation
    C) Audit
    D) Compliance
    Answer: B
  10. Corrupt practice includes:
    A) Bribery
    B) Transparency
    C) Audit
    D) Compliance
    Answer: A
  11. Collusion means:
    A) Competition
    B) Secret agreement
    C) Audit
    D) Compliance
    Answer: B
  12. Coercive practice includes:
    A) Threat
    B) Transparency
    C) Audit
    D) Compliance
    Answer: A
  13. Unfair practice leads to:
    A) Reward
    B) Penalty
    C) Promotion
    D) Audit
    Answer: B
  14. Debarment list is maintained by:
    A) Supplier
    B) Authority
    C) Court
    D) Audit
    Answer: B
  15. Cross-debarment means:
    A) Same authority
    B) Multiple agencies
    C) Single contract
    D) Audit
    Answer: B
  16. Debarment decision must be:
    A) Arbitrary
    B) Reasoned
    C) Biased
    D) Secret
    Answer: B
  17. Appeal against debarment lies with:
    A) Supplier
    B) Higher authority
    C) Audit
    D) Court only
    Answer: B
  18. Suspension differs from debarment as:
    A) Permanent
    B) Temporary
    C) Same
    D) Illegal
    Answer: B
  19. Penalty clause ensures:
    A) Delay
    B) Compliance
    C) Bias
    D) Secrecy
    Answer: B
  20. Liquidated damages are:
    A) Reward
    B) Pre-estimated loss
    C) Penalty
    D) Bonus
    Answer: B
  21. Performance guarantee ensures:
    A) Payment
    B) Contract performance
    C) Audit
    D) Delivery
    Answer: B
  22. Forfeiture of security is:
    A) Reward
    B) Penalty
    C) Payment
    D) Audit
    Answer: B
  23. Debarment affects:
    A) Past contracts
    B) Future contracts
    C) Payment
    D) Audit
    Answer: B
  24. Procurement penalties ensure:
    A) Compliance
    B) Delay
    C) Bias
    D) Secrecy
    Answer: A
  25. Debarment promotes:
    A) Corruption
    B) Discipline
    C) Delay
    D) Bias
    Answer: B


  1. Contract of indemnity is under:
    A) Sec 124
    B) Sec 125
    C) Sec 126
    D) Sec 73
    Answer: A
  2. Contract of guarantee is under:
    A) Sec 126
    B) Sec 124
    C) Sec 125
    D) Sec 73
    Answer: A
  3. Bailment is under:
    A) Sec 148
    B) Sec 149
    C) Sec 150
    D) Sec 151
    Answer: A
  4. Finder of goods has rights of:
    A) Bailee
    B) Bailor
    C) Owner
    D) Agent
    Answer: A
  5. Agency is under:
    A) Sec 182
    B) Sec 183
    C) Sec 184
    D) Sec 185
    Answer: A
  6. Agent binds:
    A) Himself
    B) Principal
    C) Third party
    D) Court
    Answer: B
  7. Ratification relates to:
    A) Past act approval
    B) Future act
    C) Present act
    D) Court order
    Answer: A
  8. Sub-agent is appointed by:
    A) Principal
    B) Agent
    C) Court
    D) Third party
    Answer: B
  9. Consideration may move from:
    A) Promisee only
    B) Any person
    C) Promisor only
    D) Court
    Answer: B
  10. Privity of contract applies to:
    A) Third party
    B) Parties only
    C) Court
    D) Agent
    Answer: B
  11. Agreement in restraint of trade is:
    A) Valid
    B) Void
    C) Illegal
    D) Enforceable
    Answer: B
  12. Agreement in restraint of marriage is:
    A) Valid
    B) Void
    C) Illegal
    D) Enforceable
    Answer: B
  13. Agreement in restraint of legal proceedings is:
    A) Valid
    B) Void
    C) Illegal
    D) Enforceable
    Answer: B
  14. Time is essence of contract when:
    A) Mentioned
    B) Not mentioned
    C) Ignored
    D) Arbitrary
    Answer: A
  15. Reciprocal promises are under:
    A) Sec 51
    B) Sec 52
    C) Sec 53
    D) Sec 54
    Answer: A
  16. Joint liability is under:
    A) Sec 42
    B) Sec 43
    C) Sec 44
    D) Sec 45
    Answer: B
  17. Discharge by agreement includes:
    A) Novation
    B) Alteration
    C) Rescission
    D) All
    Answer: D
  18. Quasi contracts are:
    A) Real contracts
    B) Implied by law
    C) Void
    D) Illegal
    Answer: B
  19. Supply of necessaries to minor is:
    A) Void
    B) Recoverable
    C) Illegal
    D) Enforceable
    Answer: B
  20. Finder of lost goods can:
    A) Sue owner
    B) Retain goods
    C) Sell goods
    D) All
    Answer: D
  21. Agency terminates by:
    A) Death
    B) Insanity
    C) Completion
    D) All
    Answer: D
  22. Consideration must not be:
    A) Lawful
    B) Illegal
    C) Valuable
    D) Real
    Answer: B
  23. Agreement without free consent is:
    A) Valid
    B) Voidable
    C) Illegal
    D) Enforceable
    Answer: B
  24. Contract becomes void when:
    A) Impossible
    B) Valid
    C) Enforceable
    D) Binding
    Answer: A
  25. Indian Contract Act, 1872 governs:
    A) Criminal law
    B) Civil obligations
    C) Tax law
    D) Property law
    Answer: B