Business regulatory and framework Sample paper
Section A
(Short Answer Type Questions)
Attempt all questions. Each question carries 4 marks.
Q. No. 1 Define Agreement.
OR
Explain the term Actual Performance.
Q. No. 2 What is Contract of Indemnity?
OR
What are the essentials of a valid Bailment?
Q. No. 3 Define Promissory Note and Bill of Exchange.
OR
Explain the objectives of Negotiable Instrument Act 1881.
Q. No. 4 Describe the objects and reasons of the Consumer Protection Act, 2019.
OR
Define the following terms Authorised Person, Foreign Exchange, Capital Account Transaction and Current Account Transaction.
Q. No. 5. Write the objects of LLP Act 2008.
OR
Write a short note on LLP Agreement.
Section B
(Long Answer Type Questions)
Attempt all questions. Each question carries 8 marks.
Q. No. 6 Define the term Consideration and enumerate all the essentials of valid Consideration.
OR
Define Offer. Explain with illustrations the legal provisions relating to a valid Offer.
Q. No. 7 Explain the different kinds of Bailment.
OR
How may an Agency be terminated? Explain.
Q. No. 8 Distinguish between a Bill of Exchange and a Promissory Note.
OR
Enumerate the essential elements of Bill of Exchange.
Q. No. 9 Write a detailed note on the National Consumer Redressal Commission.
OR
Describe various offences and penalties as mentioned under the Consumer Protection Act, 2019.
Q. No. 10 Explain the process of winding up and dissolution of an LLP.
OR
Write a note on Designated Partner.
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