Business Law Multiple Choice Questions

By: Prof. Fazal Rehman Shamil
Last modified on January 18th, 2021

Business Law Multiple Choice Questions

Here, we are sharing very important “Business Law Multiple Choice Questions”.

(1) In “Promissory note” and a “bill of exchange” how many parties involved?
a) Two parties to a “Promissory note three to a bill of exchange”
b) One party to a “Promissory note” two to a “bill of exchange”
c) Four parties to a “Promissory note” three to a “bill of exchange
d) Three parties to a “Promissory note” four to a “bill of exchange”
e) None of these

Answer - Click Here:
C

(2) Type of law Public law_______?
a) Private
b) Local
c) Family
d) All of the above
e) none of these

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A

(3) The rights of minor in the firm is…..
a) Not Access to and inspect and copy any of the accounts of the firm
b) Access to and inspect and copy any of the accounts of the firm
c) Admitted to the benefits of partnership
d) None of these

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C

(4) How many classes Public law is divided?
a) Three
b) Two
c) Four
d) Five
e) None of these

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C

(5) Maximum number of persons in Public company……
a) 9 persons
b) 11 persons
c) 2 persons
d) 7 persons
e) All of the above

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D

(6) In Public law which law includes?
a) Administrative
b) Criminal
c) Constitution
d) None of these
e) All of these

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E

(7) Maximum number of persons in Private company……
a) 9 persons
b) 10 persons
c) 2 persons
d) 7 persons
e) None of these

Answer - Click Here:
C

(8) Criminal Law is basically ?
a) Private law
b) Public law
c) Local law
d) Family law
e) A and B

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B

(9) A contract which is known as void ?
a) Valid agreement
b) Partly valid agreement
c) Illegal agreement
d) A and c
d) None of these

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D

(10) A private company cannot have more the ?
a) 50 members
b) 25 members
c) 12 members
d) 2 members
e) 30 members

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A

(11) A agrees with B to sell “200 pairs of shoes” this agreement is…..
a) Voidable
b) Valid
c) Void
d) Partially valid
e) None of these

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C

(12) The agreement which caused by fraud, coercion and misrepresentation is called…..
a) Void
b) Voidable
c) Partially void
d) Valid
e) None of these

Answer - Click Here:
B

Read More MCQs on Business Law 

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Prof. Fazal Rehman Shamil
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