Download Anna University (AU) MBA ( Master of Business Administration) Important Question Bank 1st Sem 1915104 Legal Aspects of Business (Latest Important Questions Unit Wise)
(AN
?
DEPARTMENT OF MANAGEMENT STUDIES
QUESTION BANK
I SEMESTER
1915104 ? of
Regulation ? 2019
Academic Year 2019 - 2020
Prepared by
Mr.S.Raja - Asst. Professor / MBA
Mrs.V.Selva Lakshmi- Asst. Professor / MBA
FirstRanker.com - FirstRanker's Choice
1
(AN
?
DEPARTMENT OF MANAGEMENT STUDIES
QUESTION BANK
I SEMESTER
1915104 ? of
Regulation ? 2019
Academic Year 2019 - 2020
Prepared by
Mr.S.Raja - Asst. Professor / MBA
Mrs.V.Selva Lakshmi- Asst. Professor / MBA
2
(AN
?
DEPARTMENT OFMANAGEMENT STUDIES
QUESTION BANK
SUBJECT : 1915104- of
SEM / YEAR: I Semester / I Year
UNIT ? I ? THE INDIAN CONTRACT ACT
Definition of contract, essentials elements and types of a contract, Formation of a contract, performance
of contracts, breach of contract and its remedies, Quasi contracts - Contract Of Agency: Nature of
agency, Creation and types of agents, Authority and liability of Agent and principal: Rights and duties
of principal and agents, termination of agency.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Define Law
Level 1 Remembering
2
Compare law & Mercantile law
Level 2 Understanding
3 What is the scope of Mercantile Law? Level 3 Applying
4
Define the term Contract.
Level 4 Analysing
5
What are the essentials of a valid Contract?
Level 5 Evaluating
6
How would you substantiate whether agreement became
contract?
Level 6 Creating
7 List the types of contracts Level 1 Remembering
8
What is a voidable contract?
Level 2 Understanding
9
What is an offer or proposal?
Level 3 Applying
10 How an offer is made? Level 4 Analysing
11
List out the Legal rules for a valid offer.
Level 5 Evaluating
12
What do you understand by the term ?performance of
contract??
Level 6 Creating
13
Define Quasi contracts.
Level 1 Remembering
14
What do you mean by discharge of Contract?
Level 2 Understanding
15 What is meant by breach of Contract? Level 3 Applying
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1
(AN
?
DEPARTMENT OF MANAGEMENT STUDIES
QUESTION BANK
I SEMESTER
1915104 ? of
Regulation ? 2019
Academic Year 2019 - 2020
Prepared by
Mr.S.Raja - Asst. Professor / MBA
Mrs.V.Selva Lakshmi- Asst. Professor / MBA
2
(AN
?
DEPARTMENT OFMANAGEMENT STUDIES
QUESTION BANK
SUBJECT : 1915104- of
SEM / YEAR: I Semester / I Year
UNIT ? I ? THE INDIAN CONTRACT ACT
Definition of contract, essentials elements and types of a contract, Formation of a contract, performance
of contracts, breach of contract and its remedies, Quasi contracts - Contract Of Agency: Nature of
agency, Creation and types of agents, Authority and liability of Agent and principal: Rights and duties
of principal and agents, termination of agency.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Define Law
Level 1 Remembering
2
Compare law & Mercantile law
Level 2 Understanding
3 What is the scope of Mercantile Law? Level 3 Applying
4
Define the term Contract.
Level 4 Analysing
5
What are the essentials of a valid Contract?
Level 5 Evaluating
6
How would you substantiate whether agreement became
contract?
Level 6 Creating
7 List the types of contracts Level 1 Remembering
8
What is a voidable contract?
Level 2 Understanding
9
What is an offer or proposal?
Level 3 Applying
10 How an offer is made? Level 4 Analysing
11
List out the Legal rules for a valid offer.
Level 5 Evaluating
12
What do you understand by the term ?performance of
contract??
Level 6 Creating
13
Define Quasi contracts.
Level 1 Remembering
14
What do you mean by discharge of Contract?
Level 2 Understanding
15 What is meant by breach of Contract? Level 3 Applying
3
16
Define Agent.
Level 4 Analysing
17
Who may be an Agent?
Level 1 Remembering
18 List out the essentials of agency. Level 2 Understanding
19 How a sub-agent is properly appointed? Level 1 Remembering
20
When a termination of agency occurs?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
i). Define Law & Contract (5Marks)
ii). How would you describe the essential elements of contract?
Level 1 Remembering
2
What is an ?Acceptance? Explain the legal rules regarding a valid
acceptance as per Indian contract act.
Level 2 Understanding
3 Distinguish between an offer and an invitation. Level 3 Applying
4
What do you mean by discharge of contract? Discuss the various
modes by which it may be Discharged.
Level 4 Analysing
5
State briefly the provisions of the contract act relating to the
devolution of joint rights and liabilities.
Level 5 Evaluating
6. Identify the breach of contract and its remedies with suitable example. Level 6 Creating
7
Distinguish between actual breach and anticipatory breach of
contract?
Level 1 Remembering
8
State the difference between contract and Quasi Contract.
Level 2 Understanding
9
When does a contract terminate by operation of law?
Level 3 Applying
10
Why do you think about Quasi contracts? Classify the types of Quasi
Contracts.
Level 4 Analysing
11
i). Discuss the creation of agency in detail. (8marks).
ii). Elaborate the different types of agents. (5marks).
Level 1 Remembering
12
i). Evaluate the Authority and Liability of Agent and Principle in
detail. (8marks).
ii). Elaborate the different types of Agents. (5Marks).
Level 2 Understanding
13 Describe the various modes by which an agency may be terminated? Level 4 Analysing
14
In what way may a contract of agency be terminated by act of the
parties? When is an agency irrevocable? Explain.
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Ragavi bought synthetic pearls from shop Aesthetics; A women?s shop? thinking that they were
natural pearls. The pearls were hung on stands with prices written on them. The customer could
choose whatever she wanted. The seller knew that Ragavi was mistaken, but he did not correct
FirstRanker.com - FirstRanker's Choice
1
(AN
?
DEPARTMENT OF MANAGEMENT STUDIES
QUESTION BANK
I SEMESTER
1915104 ? of
Regulation ? 2019
Academic Year 2019 - 2020
Prepared by
Mr.S.Raja - Asst. Professor / MBA
Mrs.V.Selva Lakshmi- Asst. Professor / MBA
2
(AN
?
DEPARTMENT OFMANAGEMENT STUDIES
QUESTION BANK
SUBJECT : 1915104- of
SEM / YEAR: I Semester / I Year
UNIT ? I ? THE INDIAN CONTRACT ACT
Definition of contract, essentials elements and types of a contract, Formation of a contract, performance
of contracts, breach of contract and its remedies, Quasi contracts - Contract Of Agency: Nature of
agency, Creation and types of agents, Authority and liability of Agent and principal: Rights and duties
of principal and agents, termination of agency.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Define Law
Level 1 Remembering
2
Compare law & Mercantile law
Level 2 Understanding
3 What is the scope of Mercantile Law? Level 3 Applying
4
Define the term Contract.
Level 4 Analysing
5
What are the essentials of a valid Contract?
Level 5 Evaluating
6
How would you substantiate whether agreement became
contract?
Level 6 Creating
7 List the types of contracts Level 1 Remembering
8
What is a voidable contract?
Level 2 Understanding
9
What is an offer or proposal?
Level 3 Applying
10 How an offer is made? Level 4 Analysing
11
List out the Legal rules for a valid offer.
Level 5 Evaluating
12
What do you understand by the term ?performance of
contract??
Level 6 Creating
13
Define Quasi contracts.
Level 1 Remembering
14
What do you mean by discharge of Contract?
Level 2 Understanding
15 What is meant by breach of Contract? Level 3 Applying
3
16
Define Agent.
Level 4 Analysing
17
Who may be an Agent?
Level 1 Remembering
18 List out the essentials of agency. Level 2 Understanding
19 How a sub-agent is properly appointed? Level 1 Remembering
20
When a termination of agency occurs?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
i). Define Law & Contract (5Marks)
ii). How would you describe the essential elements of contract?
Level 1 Remembering
2
What is an ?Acceptance? Explain the legal rules regarding a valid
acceptance as per Indian contract act.
Level 2 Understanding
3 Distinguish between an offer and an invitation. Level 3 Applying
4
What do you mean by discharge of contract? Discuss the various
modes by which it may be Discharged.
Level 4 Analysing
5
State briefly the provisions of the contract act relating to the
devolution of joint rights and liabilities.
Level 5 Evaluating
6. Identify the breach of contract and its remedies with suitable example. Level 6 Creating
7
Distinguish between actual breach and anticipatory breach of
contract?
Level 1 Remembering
8
State the difference between contract and Quasi Contract.
Level 2 Understanding
9
When does a contract terminate by operation of law?
Level 3 Applying
10
Why do you think about Quasi contracts? Classify the types of Quasi
Contracts.
Level 4 Analysing
11
i). Discuss the creation of agency in detail. (8marks).
ii). Elaborate the different types of agents. (5marks).
Level 1 Remembering
12
i). Evaluate the Authority and Liability of Agent and Principle in
detail. (8marks).
ii). Elaborate the different types of Agents. (5Marks).
Level 2 Understanding
13 Describe the various modes by which an agency may be terminated? Level 4 Analysing
14
In what way may a contract of agency be terminated by act of the
parties? When is an agency irrevocable? Explain.
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Ragavi bought synthetic pearls from shop Aesthetics; A women?s shop? thinking that they were
natural pearls. The pearls were hung on stands with prices written on them. The customer could
choose whatever she wanted. The seller knew that Ragavi was mistaken, but he did not correct
4
her misimpression, now. Ragavi wants to return to return the pearls and claims the refund of
her money. Consider the following variations of the above case.
i). The shop had a board saying ?Aesthetics; A woman?s shop for Authentic jewellery?
ii). Ragavi had asked the shop keeper if the pearls were natural and he had said yes.
iii). The selection in the shop, from where Ragavi picked up her purchase had the word pearls
written on the shelf.
iv). There had been a law which required that the sale of imitation jewellery should carry a
declaration that the items were imitations; and the shop had made no declaration to this effect.
2
Examine the grounds on which a paying banker may dishonor the Cheque of a customer.
3
Draw the special rule of Cheque & types of crossing.
4
?B? offered to sell his car to A for Rs.95000.A accepts to purchase it for Rs.95,000.B refused to
sell the car Rs.94,500.Subsequently A agrees to purchase the car for Rs.95000 but B refused to
sell the car. A sues B for the specific performance of the contract. Will he succeed?
UNIT ? II ?THE SALE OF GOODS ACT 1930
Nature of Sales contract, Documents of title, risk of loss, Guarantees and Warranties, performance of
sales contracts, conditional sales and rights of an unpaid seller ? Negotiable Instruments Act 1881:
Nature and requisites of negotiable instruments. Types of negotiable instruments, liability of parties,
holder in due course, special rules for Cheque and drafts, discharge of negotiable instruments-GST
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1 Define a contract of sale. Level 1 Remembering
2 Compare sale and agreement to cell. Level 2 Understanding
3
Distinguish between specific and unascertained goods.
Level 3 Applying
4 List out the difference sale and hire purchase. Level 4 Analysing
5 What is Warranty? Level 5 Evaluating
6
State the difference between condition and warranty.
Level 6 Creating
7
When can a breach of condition be treated as a breach of
warranty?
Level 1 Remembering
8 Compare condition and warranty in sales contract. Level 2 Understanding
9 Brief the performance of Sales Contracts. Level 3 Applying
10
How contract of sale is made?
Level 4 Analysing
11
What are the implied conditions in a contract of sale of goods
by a sample?
Level 5 Evaluating
12 What is possession of goods? Level 6 Creating
13 Define the term Delivery. Level 1 Remembering
14
Who is an unpaid seller?
Level 2 Understanding
FirstRanker.com - FirstRanker's Choice
1
(AN
?
DEPARTMENT OF MANAGEMENT STUDIES
QUESTION BANK
I SEMESTER
1915104 ? of
Regulation ? 2019
Academic Year 2019 - 2020
Prepared by
Mr.S.Raja - Asst. Professor / MBA
Mrs.V.Selva Lakshmi- Asst. Professor / MBA
2
(AN
?
DEPARTMENT OFMANAGEMENT STUDIES
QUESTION BANK
SUBJECT : 1915104- of
SEM / YEAR: I Semester / I Year
UNIT ? I ? THE INDIAN CONTRACT ACT
Definition of contract, essentials elements and types of a contract, Formation of a contract, performance
of contracts, breach of contract and its remedies, Quasi contracts - Contract Of Agency: Nature of
agency, Creation and types of agents, Authority and liability of Agent and principal: Rights and duties
of principal and agents, termination of agency.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Define Law
Level 1 Remembering
2
Compare law & Mercantile law
Level 2 Understanding
3 What is the scope of Mercantile Law? Level 3 Applying
4
Define the term Contract.
Level 4 Analysing
5
What are the essentials of a valid Contract?
Level 5 Evaluating
6
How would you substantiate whether agreement became
contract?
Level 6 Creating
7 List the types of contracts Level 1 Remembering
8
What is a voidable contract?
Level 2 Understanding
9
What is an offer or proposal?
Level 3 Applying
10 How an offer is made? Level 4 Analysing
11
List out the Legal rules for a valid offer.
Level 5 Evaluating
12
What do you understand by the term ?performance of
contract??
Level 6 Creating
13
Define Quasi contracts.
Level 1 Remembering
14
What do you mean by discharge of Contract?
Level 2 Understanding
15 What is meant by breach of Contract? Level 3 Applying
3
16
Define Agent.
Level 4 Analysing
17
Who may be an Agent?
Level 1 Remembering
18 List out the essentials of agency. Level 2 Understanding
19 How a sub-agent is properly appointed? Level 1 Remembering
20
When a termination of agency occurs?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
i). Define Law & Contract (5Marks)
ii). How would you describe the essential elements of contract?
Level 1 Remembering
2
What is an ?Acceptance? Explain the legal rules regarding a valid
acceptance as per Indian contract act.
Level 2 Understanding
3 Distinguish between an offer and an invitation. Level 3 Applying
4
What do you mean by discharge of contract? Discuss the various
modes by which it may be Discharged.
Level 4 Analysing
5
State briefly the provisions of the contract act relating to the
devolution of joint rights and liabilities.
Level 5 Evaluating
6. Identify the breach of contract and its remedies with suitable example. Level 6 Creating
7
Distinguish between actual breach and anticipatory breach of
contract?
Level 1 Remembering
8
State the difference between contract and Quasi Contract.
Level 2 Understanding
9
When does a contract terminate by operation of law?
Level 3 Applying
10
Why do you think about Quasi contracts? Classify the types of Quasi
Contracts.
Level 4 Analysing
11
i). Discuss the creation of agency in detail. (8marks).
ii). Elaborate the different types of agents. (5marks).
Level 1 Remembering
12
i). Evaluate the Authority and Liability of Agent and Principle in
detail. (8marks).
ii). Elaborate the different types of Agents. (5Marks).
Level 2 Understanding
13 Describe the various modes by which an agency may be terminated? Level 4 Analysing
14
In what way may a contract of agency be terminated by act of the
parties? When is an agency irrevocable? Explain.
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Ragavi bought synthetic pearls from shop Aesthetics; A women?s shop? thinking that they were
natural pearls. The pearls were hung on stands with prices written on them. The customer could
choose whatever she wanted. The seller knew that Ragavi was mistaken, but he did not correct
4
her misimpression, now. Ragavi wants to return to return the pearls and claims the refund of
her money. Consider the following variations of the above case.
i). The shop had a board saying ?Aesthetics; A woman?s shop for Authentic jewellery?
ii). Ragavi had asked the shop keeper if the pearls were natural and he had said yes.
iii). The selection in the shop, from where Ragavi picked up her purchase had the word pearls
written on the shelf.
iv). There had been a law which required that the sale of imitation jewellery should carry a
declaration that the items were imitations; and the shop had made no declaration to this effect.
2
Examine the grounds on which a paying banker may dishonor the Cheque of a customer.
3
Draw the special rule of Cheque & types of crossing.
4
?B? offered to sell his car to A for Rs.95000.A accepts to purchase it for Rs.95,000.B refused to
sell the car Rs.94,500.Subsequently A agrees to purchase the car for Rs.95000 but B refused to
sell the car. A sues B for the specific performance of the contract. Will he succeed?
UNIT ? II ?THE SALE OF GOODS ACT 1930
Nature of Sales contract, Documents of title, risk of loss, Guarantees and Warranties, performance of
sales contracts, conditional sales and rights of an unpaid seller ? Negotiable Instruments Act 1881:
Nature and requisites of negotiable instruments. Types of negotiable instruments, liability of parties,
holder in due course, special rules for Cheque and drafts, discharge of negotiable instruments-GST
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1 Define a contract of sale. Level 1 Remembering
2 Compare sale and agreement to cell. Level 2 Understanding
3
Distinguish between specific and unascertained goods.
Level 3 Applying
4 List out the difference sale and hire purchase. Level 4 Analysing
5 What is Warranty? Level 5 Evaluating
6
State the difference between condition and warranty.
Level 6 Creating
7
When can a breach of condition be treated as a breach of
warranty?
Level 1 Remembering
8 Compare condition and warranty in sales contract. Level 2 Understanding
9 Brief the performance of Sales Contracts. Level 3 Applying
10
How contract of sale is made?
Level 4 Analysing
11
What are the implied conditions in a contract of sale of goods
by a sample?
Level 5 Evaluating
12 What is possession of goods? Level 6 Creating
13 Define the term Delivery. Level 1 Remembering
14
Who is an unpaid seller?
Level 2 Understanding
5
15
List out the remedies available to seller.
Level 3 Applying
16
State any two differences between a Cheque and a bill of
exchange.
Level 4 Analysing
17 Classify the types of Negotiable Instrument. Level 1 Remembering
18
Define Negotiation.
Level 2 Understanding
19
What is GST?
Level 1 Remembering
20
What are the benefits of GST?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Explain the difference between a contract of sale and an agreement to
sell. When does an agreement to sell ripen into sale?
Level 1 Remembering
2
Define sales of goods. Write the classification of goods & documents
of title?
Level 2 Understanding
3 Compare contingent contract and wagering agreements. Level 3 Applying
4
List the main characteristics for delivery of goods & modes of
delivery.
Level 4 Analysing
5
How is contract of sale made? State briefly the necessary formalities
of such a contract with examples.
Level 5 Evaluating
6.
Define the term ?warranty?. Explain and illustrate the implied
warranties in a contract sale as provided in the sale of Goods Act,
1930.
Level 6 Creating
7
Enumerate the rights and duties of a seller in respect of the sale of
Goods.
Level 1 Remembering
8
Define an unpaid seller. What are the rights of an unpaid seller?
Level 2 Understanding
9
Explain detail about implied conditions.
Level 3 Applying
10
What are the essential features of Negotiable Instrument? Define
Negotiable Instrument.
Level 4 Analysing
11
Who can cross a Cheque? What is the difference between a general
crossing and special crossing?
Level 1 Remembering
12
Discuss the Discharge of negotiable instruments in detail.
Level 2 Understanding
13 ?India?s GST structure is Complex? Discuss. Level 4 Analysing
14 Why does India need GST? Explain in detail. Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
?In a contract for the sale of goods, there is implied conditions or warranty as to the quality of
goods or their fitness for any particular purpose?. Comment.
FirstRanker.com - FirstRanker's Choice
1
(AN
?
DEPARTMENT OF MANAGEMENT STUDIES
QUESTION BANK
I SEMESTER
1915104 ? of
Regulation ? 2019
Academic Year 2019 - 2020
Prepared by
Mr.S.Raja - Asst. Professor / MBA
Mrs.V.Selva Lakshmi- Asst. Professor / MBA
2
(AN
?
DEPARTMENT OFMANAGEMENT STUDIES
QUESTION BANK
SUBJECT : 1915104- of
SEM / YEAR: I Semester / I Year
UNIT ? I ? THE INDIAN CONTRACT ACT
Definition of contract, essentials elements and types of a contract, Formation of a contract, performance
of contracts, breach of contract and its remedies, Quasi contracts - Contract Of Agency: Nature of
agency, Creation and types of agents, Authority and liability of Agent and principal: Rights and duties
of principal and agents, termination of agency.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Define Law
Level 1 Remembering
2
Compare law & Mercantile law
Level 2 Understanding
3 What is the scope of Mercantile Law? Level 3 Applying
4
Define the term Contract.
Level 4 Analysing
5
What are the essentials of a valid Contract?
Level 5 Evaluating
6
How would you substantiate whether agreement became
contract?
Level 6 Creating
7 List the types of contracts Level 1 Remembering
8
What is a voidable contract?
Level 2 Understanding
9
What is an offer or proposal?
Level 3 Applying
10 How an offer is made? Level 4 Analysing
11
List out the Legal rules for a valid offer.
Level 5 Evaluating
12
What do you understand by the term ?performance of
contract??
Level 6 Creating
13
Define Quasi contracts.
Level 1 Remembering
14
What do you mean by discharge of Contract?
Level 2 Understanding
15 What is meant by breach of Contract? Level 3 Applying
3
16
Define Agent.
Level 4 Analysing
17
Who may be an Agent?
Level 1 Remembering
18 List out the essentials of agency. Level 2 Understanding
19 How a sub-agent is properly appointed? Level 1 Remembering
20
When a termination of agency occurs?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
i). Define Law & Contract (5Marks)
ii). How would you describe the essential elements of contract?
Level 1 Remembering
2
What is an ?Acceptance? Explain the legal rules regarding a valid
acceptance as per Indian contract act.
Level 2 Understanding
3 Distinguish between an offer and an invitation. Level 3 Applying
4
What do you mean by discharge of contract? Discuss the various
modes by which it may be Discharged.
Level 4 Analysing
5
State briefly the provisions of the contract act relating to the
devolution of joint rights and liabilities.
Level 5 Evaluating
6. Identify the breach of contract and its remedies with suitable example. Level 6 Creating
7
Distinguish between actual breach and anticipatory breach of
contract?
Level 1 Remembering
8
State the difference between contract and Quasi Contract.
Level 2 Understanding
9
When does a contract terminate by operation of law?
Level 3 Applying
10
Why do you think about Quasi contracts? Classify the types of Quasi
Contracts.
Level 4 Analysing
11
i). Discuss the creation of agency in detail. (8marks).
ii). Elaborate the different types of agents. (5marks).
Level 1 Remembering
12
i). Evaluate the Authority and Liability of Agent and Principle in
detail. (8marks).
ii). Elaborate the different types of Agents. (5Marks).
Level 2 Understanding
13 Describe the various modes by which an agency may be terminated? Level 4 Analysing
14
In what way may a contract of agency be terminated by act of the
parties? When is an agency irrevocable? Explain.
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Ragavi bought synthetic pearls from shop Aesthetics; A women?s shop? thinking that they were
natural pearls. The pearls were hung on stands with prices written on them. The customer could
choose whatever she wanted. The seller knew that Ragavi was mistaken, but he did not correct
4
her misimpression, now. Ragavi wants to return to return the pearls and claims the refund of
her money. Consider the following variations of the above case.
i). The shop had a board saying ?Aesthetics; A woman?s shop for Authentic jewellery?
ii). Ragavi had asked the shop keeper if the pearls were natural and he had said yes.
iii). The selection in the shop, from where Ragavi picked up her purchase had the word pearls
written on the shelf.
iv). There had been a law which required that the sale of imitation jewellery should carry a
declaration that the items were imitations; and the shop had made no declaration to this effect.
2
Examine the grounds on which a paying banker may dishonor the Cheque of a customer.
3
Draw the special rule of Cheque & types of crossing.
4
?B? offered to sell his car to A for Rs.95000.A accepts to purchase it for Rs.95,000.B refused to
sell the car Rs.94,500.Subsequently A agrees to purchase the car for Rs.95000 but B refused to
sell the car. A sues B for the specific performance of the contract. Will he succeed?
UNIT ? II ?THE SALE OF GOODS ACT 1930
Nature of Sales contract, Documents of title, risk of loss, Guarantees and Warranties, performance of
sales contracts, conditional sales and rights of an unpaid seller ? Negotiable Instruments Act 1881:
Nature and requisites of negotiable instruments. Types of negotiable instruments, liability of parties,
holder in due course, special rules for Cheque and drafts, discharge of negotiable instruments-GST
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1 Define a contract of sale. Level 1 Remembering
2 Compare sale and agreement to cell. Level 2 Understanding
3
Distinguish between specific and unascertained goods.
Level 3 Applying
4 List out the difference sale and hire purchase. Level 4 Analysing
5 What is Warranty? Level 5 Evaluating
6
State the difference between condition and warranty.
Level 6 Creating
7
When can a breach of condition be treated as a breach of
warranty?
Level 1 Remembering
8 Compare condition and warranty in sales contract. Level 2 Understanding
9 Brief the performance of Sales Contracts. Level 3 Applying
10
How contract of sale is made?
Level 4 Analysing
11
What are the implied conditions in a contract of sale of goods
by a sample?
Level 5 Evaluating
12 What is possession of goods? Level 6 Creating
13 Define the term Delivery. Level 1 Remembering
14
Who is an unpaid seller?
Level 2 Understanding
5
15
List out the remedies available to seller.
Level 3 Applying
16
State any two differences between a Cheque and a bill of
exchange.
Level 4 Analysing
17 Classify the types of Negotiable Instrument. Level 1 Remembering
18
Define Negotiation.
Level 2 Understanding
19
What is GST?
Level 1 Remembering
20
What are the benefits of GST?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Explain the difference between a contract of sale and an agreement to
sell. When does an agreement to sell ripen into sale?
Level 1 Remembering
2
Define sales of goods. Write the classification of goods & documents
of title?
Level 2 Understanding
3 Compare contingent contract and wagering agreements. Level 3 Applying
4
List the main characteristics for delivery of goods & modes of
delivery.
Level 4 Analysing
5
How is contract of sale made? State briefly the necessary formalities
of such a contract with examples.
Level 5 Evaluating
6.
Define the term ?warranty?. Explain and illustrate the implied
warranties in a contract sale as provided in the sale of Goods Act,
1930.
Level 6 Creating
7
Enumerate the rights and duties of a seller in respect of the sale of
Goods.
Level 1 Remembering
8
Define an unpaid seller. What are the rights of an unpaid seller?
Level 2 Understanding
9
Explain detail about implied conditions.
Level 3 Applying
10
What are the essential features of Negotiable Instrument? Define
Negotiable Instrument.
Level 4 Analysing
11
Who can cross a Cheque? What is the difference between a general
crossing and special crossing?
Level 1 Remembering
12
Discuss the Discharge of negotiable instruments in detail.
Level 2 Understanding
13 ?India?s GST structure is Complex? Discuss. Level 4 Analysing
14 Why does India need GST? Explain in detail. Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
?In a contract for the sale of goods, there is implied conditions or warranty as to the quality of
goods or their fitness for any particular purpose?. Comment.
6
2
?Delivery of goods and payments of their price are the concurrent conditions? Elucidate.
3
A agrees to sell to B 10 bags of wheat kalian (superior) out of 100 bags lying in his go down
for Rs6500. the wheat is completely destroyed by fire. can B compel A to supply the wheat
as per agreement?
4
?A Cheque is a specie of a bill of exchange with two additional qualifications.? Explain.
UNIT ? III ? COMPANY LAW AND INDUSTRIAL LAW
Major principles ? Nature and types of companies, Formation, Memorandum and Articles of Association,
Prospectus, Power, duties and liabilities of Directors, winding up of companies, Corporate Governance.
Over view of factories act. - Industrial Disputes Act-Strike, Layoff, Retrenchment, Lockout- Redressal
Mechanism.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
What is foreign company?
Level 1 Remembering
2
What is memorandum of Association?
Level 2 Understanding
3
What are the contents of Articles of Association of a Company?
Level 3 Applying
4
Classify the types of prospectus.
Level 4 Analysing
5
How doctrine of ultra-virus is used?
Level 5 Evaluating
6
Interpret the objectives of Prospectus.
Level 6 Creating
7
Define ?Duty not to delegate?.
Level 1 Remembering
8
What are the various types of Companies?
Level 2 Understanding
9
What are the powers and duties of directors?
Level 3 Applying
10
List the power of official liquidator.
Level 4 Analysing
11
Interpret the importance of appointment of liquidators.
Level 5 Evaluating
12
What is winding up of companies?
Level 6 Creating
13
When is a person disqualified for appointment as a director of
a company?
Level 1 Remembering
14
What are the objectives of Factories Act 1948?
Level 2 Understanding
15
Give any three objectives of Factories Act?
Level 3 Applying
16
Define ?Industry? in industrial disputes Act?
Level 4 Analysing
17
What is strike?
Level 1 Remembering
18
What is Lay -off?
Level 2 Understanding
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1
(AN
?
DEPARTMENT OF MANAGEMENT STUDIES
QUESTION BANK
I SEMESTER
1915104 ? of
Regulation ? 2019
Academic Year 2019 - 2020
Prepared by
Mr.S.Raja - Asst. Professor / MBA
Mrs.V.Selva Lakshmi- Asst. Professor / MBA
2
(AN
?
DEPARTMENT OFMANAGEMENT STUDIES
QUESTION BANK
SUBJECT : 1915104- of
SEM / YEAR: I Semester / I Year
UNIT ? I ? THE INDIAN CONTRACT ACT
Definition of contract, essentials elements and types of a contract, Formation of a contract, performance
of contracts, breach of contract and its remedies, Quasi contracts - Contract Of Agency: Nature of
agency, Creation and types of agents, Authority and liability of Agent and principal: Rights and duties
of principal and agents, termination of agency.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Define Law
Level 1 Remembering
2
Compare law & Mercantile law
Level 2 Understanding
3 What is the scope of Mercantile Law? Level 3 Applying
4
Define the term Contract.
Level 4 Analysing
5
What are the essentials of a valid Contract?
Level 5 Evaluating
6
How would you substantiate whether agreement became
contract?
Level 6 Creating
7 List the types of contracts Level 1 Remembering
8
What is a voidable contract?
Level 2 Understanding
9
What is an offer or proposal?
Level 3 Applying
10 How an offer is made? Level 4 Analysing
11
List out the Legal rules for a valid offer.
Level 5 Evaluating
12
What do you understand by the term ?performance of
contract??
Level 6 Creating
13
Define Quasi contracts.
Level 1 Remembering
14
What do you mean by discharge of Contract?
Level 2 Understanding
15 What is meant by breach of Contract? Level 3 Applying
3
16
Define Agent.
Level 4 Analysing
17
Who may be an Agent?
Level 1 Remembering
18 List out the essentials of agency. Level 2 Understanding
19 How a sub-agent is properly appointed? Level 1 Remembering
20
When a termination of agency occurs?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
i). Define Law & Contract (5Marks)
ii). How would you describe the essential elements of contract?
Level 1 Remembering
2
What is an ?Acceptance? Explain the legal rules regarding a valid
acceptance as per Indian contract act.
Level 2 Understanding
3 Distinguish between an offer and an invitation. Level 3 Applying
4
What do you mean by discharge of contract? Discuss the various
modes by which it may be Discharged.
Level 4 Analysing
5
State briefly the provisions of the contract act relating to the
devolution of joint rights and liabilities.
Level 5 Evaluating
6. Identify the breach of contract and its remedies with suitable example. Level 6 Creating
7
Distinguish between actual breach and anticipatory breach of
contract?
Level 1 Remembering
8
State the difference between contract and Quasi Contract.
Level 2 Understanding
9
When does a contract terminate by operation of law?
Level 3 Applying
10
Why do you think about Quasi contracts? Classify the types of Quasi
Contracts.
Level 4 Analysing
11
i). Discuss the creation of agency in detail. (8marks).
ii). Elaborate the different types of agents. (5marks).
Level 1 Remembering
12
i). Evaluate the Authority and Liability of Agent and Principle in
detail. (8marks).
ii). Elaborate the different types of Agents. (5Marks).
Level 2 Understanding
13 Describe the various modes by which an agency may be terminated? Level 4 Analysing
14
In what way may a contract of agency be terminated by act of the
parties? When is an agency irrevocable? Explain.
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Ragavi bought synthetic pearls from shop Aesthetics; A women?s shop? thinking that they were
natural pearls. The pearls were hung on stands with prices written on them. The customer could
choose whatever she wanted. The seller knew that Ragavi was mistaken, but he did not correct
4
her misimpression, now. Ragavi wants to return to return the pearls and claims the refund of
her money. Consider the following variations of the above case.
i). The shop had a board saying ?Aesthetics; A woman?s shop for Authentic jewellery?
ii). Ragavi had asked the shop keeper if the pearls were natural and he had said yes.
iii). The selection in the shop, from where Ragavi picked up her purchase had the word pearls
written on the shelf.
iv). There had been a law which required that the sale of imitation jewellery should carry a
declaration that the items were imitations; and the shop had made no declaration to this effect.
2
Examine the grounds on which a paying banker may dishonor the Cheque of a customer.
3
Draw the special rule of Cheque & types of crossing.
4
?B? offered to sell his car to A for Rs.95000.A accepts to purchase it for Rs.95,000.B refused to
sell the car Rs.94,500.Subsequently A agrees to purchase the car for Rs.95000 but B refused to
sell the car. A sues B for the specific performance of the contract. Will he succeed?
UNIT ? II ?THE SALE OF GOODS ACT 1930
Nature of Sales contract, Documents of title, risk of loss, Guarantees and Warranties, performance of
sales contracts, conditional sales and rights of an unpaid seller ? Negotiable Instruments Act 1881:
Nature and requisites of negotiable instruments. Types of negotiable instruments, liability of parties,
holder in due course, special rules for Cheque and drafts, discharge of negotiable instruments-GST
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1 Define a contract of sale. Level 1 Remembering
2 Compare sale and agreement to cell. Level 2 Understanding
3
Distinguish between specific and unascertained goods.
Level 3 Applying
4 List out the difference sale and hire purchase. Level 4 Analysing
5 What is Warranty? Level 5 Evaluating
6
State the difference between condition and warranty.
Level 6 Creating
7
When can a breach of condition be treated as a breach of
warranty?
Level 1 Remembering
8 Compare condition and warranty in sales contract. Level 2 Understanding
9 Brief the performance of Sales Contracts. Level 3 Applying
10
How contract of sale is made?
Level 4 Analysing
11
What are the implied conditions in a contract of sale of goods
by a sample?
Level 5 Evaluating
12 What is possession of goods? Level 6 Creating
13 Define the term Delivery. Level 1 Remembering
14
Who is an unpaid seller?
Level 2 Understanding
5
15
List out the remedies available to seller.
Level 3 Applying
16
State any two differences between a Cheque and a bill of
exchange.
Level 4 Analysing
17 Classify the types of Negotiable Instrument. Level 1 Remembering
18
Define Negotiation.
Level 2 Understanding
19
What is GST?
Level 1 Remembering
20
What are the benefits of GST?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Explain the difference between a contract of sale and an agreement to
sell. When does an agreement to sell ripen into sale?
Level 1 Remembering
2
Define sales of goods. Write the classification of goods & documents
of title?
Level 2 Understanding
3 Compare contingent contract and wagering agreements. Level 3 Applying
4
List the main characteristics for delivery of goods & modes of
delivery.
Level 4 Analysing
5
How is contract of sale made? State briefly the necessary formalities
of such a contract with examples.
Level 5 Evaluating
6.
Define the term ?warranty?. Explain and illustrate the implied
warranties in a contract sale as provided in the sale of Goods Act,
1930.
Level 6 Creating
7
Enumerate the rights and duties of a seller in respect of the sale of
Goods.
Level 1 Remembering
8
Define an unpaid seller. What are the rights of an unpaid seller?
Level 2 Understanding
9
Explain detail about implied conditions.
Level 3 Applying
10
What are the essential features of Negotiable Instrument? Define
Negotiable Instrument.
Level 4 Analysing
11
Who can cross a Cheque? What is the difference between a general
crossing and special crossing?
Level 1 Remembering
12
Discuss the Discharge of negotiable instruments in detail.
Level 2 Understanding
13 ?India?s GST structure is Complex? Discuss. Level 4 Analysing
14 Why does India need GST? Explain in detail. Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
?In a contract for the sale of goods, there is implied conditions or warranty as to the quality of
goods or their fitness for any particular purpose?. Comment.
6
2
?Delivery of goods and payments of their price are the concurrent conditions? Elucidate.
3
A agrees to sell to B 10 bags of wheat kalian (superior) out of 100 bags lying in his go down
for Rs6500. the wheat is completely destroyed by fire. can B compel A to supply the wheat
as per agreement?
4
?A Cheque is a specie of a bill of exchange with two additional qualifications.? Explain.
UNIT ? III ? COMPANY LAW AND INDUSTRIAL LAW
Major principles ? Nature and types of companies, Formation, Memorandum and Articles of Association,
Prospectus, Power, duties and liabilities of Directors, winding up of companies, Corporate Governance.
Over view of factories act. - Industrial Disputes Act-Strike, Layoff, Retrenchment, Lockout- Redressal
Mechanism.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
What is foreign company?
Level 1 Remembering
2
What is memorandum of Association?
Level 2 Understanding
3
What are the contents of Articles of Association of a Company?
Level 3 Applying
4
Classify the types of prospectus.
Level 4 Analysing
5
How doctrine of ultra-virus is used?
Level 5 Evaluating
6
Interpret the objectives of Prospectus.
Level 6 Creating
7
Define ?Duty not to delegate?.
Level 1 Remembering
8
What are the various types of Companies?
Level 2 Understanding
9
What are the powers and duties of directors?
Level 3 Applying
10
List the power of official liquidator.
Level 4 Analysing
11
Interpret the importance of appointment of liquidators.
Level 5 Evaluating
12
What is winding up of companies?
Level 6 Creating
13
When is a person disqualified for appointment as a director of
a company?
Level 1 Remembering
14
What are the objectives of Factories Act 1948?
Level 2 Understanding
15
Give any three objectives of Factories Act?
Level 3 Applying
16
Define ?Industry? in industrial disputes Act?
Level 4 Analysing
17
What is strike?
Level 1 Remembering
18
What is Lay -off?
Level 2 Understanding
7
19
Distinguish lay-off and lock out.
Level 1 Remembering
20
What is Retrenchment?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
i) Describe the Nature of company? ( 8 marks)
ii) How would you explain the types of companies? ( 5 marks)
Level 1 Remembering
2
i) How would you show your understanding on the contents of
prospectus? ( 5 marks)
ii) What would be the result of issuing a prospectus by the
company? (8marks)
Level 2 Understanding
3 Distinguish between Memorandum and Articles of Association. Level 3 Applying
4
i).What is MOA and AOA? (5marks)
ii).Explain the contents of MOA of a company.(8 marks)
Level 4 Analysing
5
How would you describe the primary documents of
Incorporation?
Level 5 Evaluating
6.
Compare member winding up and creditors winding up of
companies.
Level 6 Creating
7
What is Prospectus as per companies Act 1956? Explain the
liability foe misstatements in the prospectus of a registered
company.
Level 1 Remembering
8
What is winding up? Describe the grounds for compulsory
winding up a company.
Level 2 Understanding
9
i).What is ?Factory? as per the factories Act, 1948? (3Marks)
ii).Explain any five provisions of the Factories Act, 1948
regarding safety of Workers. (10 marks).
Level 3 Applying
10
i)Define industry disputes.( 3 marks)
ii)How would you explain the industry disputes types & causes of
it?(10 marks)
Level 4 Analysing
11
What is strike under Industrial Dispute Act? What are the Common
Reasons for Strike
Level 1 Remembering
12 Explain in detail about the types of strikes. Level 2 Understanding
13
i) What is lay off? What are its essentials as per the Industrial
Disputes Act, 1947? (6 marks).
ii) Point out the difference between lock out and closure.
(7marks).
Level 4 Analysing
14
What is meant by conciliation? Explain how to resolve an
industrial dispute statutorily.
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Design & Develop Warranties and Guarantees Card for TV Manufacturing company to their
customers as per law.
FirstRanker.com - FirstRanker's Choice
1
(AN
?
DEPARTMENT OF MANAGEMENT STUDIES
QUESTION BANK
I SEMESTER
1915104 ? of
Regulation ? 2019
Academic Year 2019 - 2020
Prepared by
Mr.S.Raja - Asst. Professor / MBA
Mrs.V.Selva Lakshmi- Asst. Professor / MBA
2
(AN
?
DEPARTMENT OFMANAGEMENT STUDIES
QUESTION BANK
SUBJECT : 1915104- of
SEM / YEAR: I Semester / I Year
UNIT ? I ? THE INDIAN CONTRACT ACT
Definition of contract, essentials elements and types of a contract, Formation of a contract, performance
of contracts, breach of contract and its remedies, Quasi contracts - Contract Of Agency: Nature of
agency, Creation and types of agents, Authority and liability of Agent and principal: Rights and duties
of principal and agents, termination of agency.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Define Law
Level 1 Remembering
2
Compare law & Mercantile law
Level 2 Understanding
3 What is the scope of Mercantile Law? Level 3 Applying
4
Define the term Contract.
Level 4 Analysing
5
What are the essentials of a valid Contract?
Level 5 Evaluating
6
How would you substantiate whether agreement became
contract?
Level 6 Creating
7 List the types of contracts Level 1 Remembering
8
What is a voidable contract?
Level 2 Understanding
9
What is an offer or proposal?
Level 3 Applying
10 How an offer is made? Level 4 Analysing
11
List out the Legal rules for a valid offer.
Level 5 Evaluating
12
What do you understand by the term ?performance of
contract??
Level 6 Creating
13
Define Quasi contracts.
Level 1 Remembering
14
What do you mean by discharge of Contract?
Level 2 Understanding
15 What is meant by breach of Contract? Level 3 Applying
3
16
Define Agent.
Level 4 Analysing
17
Who may be an Agent?
Level 1 Remembering
18 List out the essentials of agency. Level 2 Understanding
19 How a sub-agent is properly appointed? Level 1 Remembering
20
When a termination of agency occurs?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
i). Define Law & Contract (5Marks)
ii). How would you describe the essential elements of contract?
Level 1 Remembering
2
What is an ?Acceptance? Explain the legal rules regarding a valid
acceptance as per Indian contract act.
Level 2 Understanding
3 Distinguish between an offer and an invitation. Level 3 Applying
4
What do you mean by discharge of contract? Discuss the various
modes by which it may be Discharged.
Level 4 Analysing
5
State briefly the provisions of the contract act relating to the
devolution of joint rights and liabilities.
Level 5 Evaluating
6. Identify the breach of contract and its remedies with suitable example. Level 6 Creating
7
Distinguish between actual breach and anticipatory breach of
contract?
Level 1 Remembering
8
State the difference between contract and Quasi Contract.
Level 2 Understanding
9
When does a contract terminate by operation of law?
Level 3 Applying
10
Why do you think about Quasi contracts? Classify the types of Quasi
Contracts.
Level 4 Analysing
11
i). Discuss the creation of agency in detail. (8marks).
ii). Elaborate the different types of agents. (5marks).
Level 1 Remembering
12
i). Evaluate the Authority and Liability of Agent and Principle in
detail. (8marks).
ii). Elaborate the different types of Agents. (5Marks).
Level 2 Understanding
13 Describe the various modes by which an agency may be terminated? Level 4 Analysing
14
In what way may a contract of agency be terminated by act of the
parties? When is an agency irrevocable? Explain.
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Ragavi bought synthetic pearls from shop Aesthetics; A women?s shop? thinking that they were
natural pearls. The pearls were hung on stands with prices written on them. The customer could
choose whatever she wanted. The seller knew that Ragavi was mistaken, but he did not correct
4
her misimpression, now. Ragavi wants to return to return the pearls and claims the refund of
her money. Consider the following variations of the above case.
i). The shop had a board saying ?Aesthetics; A woman?s shop for Authentic jewellery?
ii). Ragavi had asked the shop keeper if the pearls were natural and he had said yes.
iii). The selection in the shop, from where Ragavi picked up her purchase had the word pearls
written on the shelf.
iv). There had been a law which required that the sale of imitation jewellery should carry a
declaration that the items were imitations; and the shop had made no declaration to this effect.
2
Examine the grounds on which a paying banker may dishonor the Cheque of a customer.
3
Draw the special rule of Cheque & types of crossing.
4
?B? offered to sell his car to A for Rs.95000.A accepts to purchase it for Rs.95,000.B refused to
sell the car Rs.94,500.Subsequently A agrees to purchase the car for Rs.95000 but B refused to
sell the car. A sues B for the specific performance of the contract. Will he succeed?
UNIT ? II ?THE SALE OF GOODS ACT 1930
Nature of Sales contract, Documents of title, risk of loss, Guarantees and Warranties, performance of
sales contracts, conditional sales and rights of an unpaid seller ? Negotiable Instruments Act 1881:
Nature and requisites of negotiable instruments. Types of negotiable instruments, liability of parties,
holder in due course, special rules for Cheque and drafts, discharge of negotiable instruments-GST
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1 Define a contract of sale. Level 1 Remembering
2 Compare sale and agreement to cell. Level 2 Understanding
3
Distinguish between specific and unascertained goods.
Level 3 Applying
4 List out the difference sale and hire purchase. Level 4 Analysing
5 What is Warranty? Level 5 Evaluating
6
State the difference between condition and warranty.
Level 6 Creating
7
When can a breach of condition be treated as a breach of
warranty?
Level 1 Remembering
8 Compare condition and warranty in sales contract. Level 2 Understanding
9 Brief the performance of Sales Contracts. Level 3 Applying
10
How contract of sale is made?
Level 4 Analysing
11
What are the implied conditions in a contract of sale of goods
by a sample?
Level 5 Evaluating
12 What is possession of goods? Level 6 Creating
13 Define the term Delivery. Level 1 Remembering
14
Who is an unpaid seller?
Level 2 Understanding
5
15
List out the remedies available to seller.
Level 3 Applying
16
State any two differences between a Cheque and a bill of
exchange.
Level 4 Analysing
17 Classify the types of Negotiable Instrument. Level 1 Remembering
18
Define Negotiation.
Level 2 Understanding
19
What is GST?
Level 1 Remembering
20
What are the benefits of GST?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Explain the difference between a contract of sale and an agreement to
sell. When does an agreement to sell ripen into sale?
Level 1 Remembering
2
Define sales of goods. Write the classification of goods & documents
of title?
Level 2 Understanding
3 Compare contingent contract and wagering agreements. Level 3 Applying
4
List the main characteristics for delivery of goods & modes of
delivery.
Level 4 Analysing
5
How is contract of sale made? State briefly the necessary formalities
of such a contract with examples.
Level 5 Evaluating
6.
Define the term ?warranty?. Explain and illustrate the implied
warranties in a contract sale as provided in the sale of Goods Act,
1930.
Level 6 Creating
7
Enumerate the rights and duties of a seller in respect of the sale of
Goods.
Level 1 Remembering
8
Define an unpaid seller. What are the rights of an unpaid seller?
Level 2 Understanding
9
Explain detail about implied conditions.
Level 3 Applying
10
What are the essential features of Negotiable Instrument? Define
Negotiable Instrument.
Level 4 Analysing
11
Who can cross a Cheque? What is the difference between a general
crossing and special crossing?
Level 1 Remembering
12
Discuss the Discharge of negotiable instruments in detail.
Level 2 Understanding
13 ?India?s GST structure is Complex? Discuss. Level 4 Analysing
14 Why does India need GST? Explain in detail. Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
?In a contract for the sale of goods, there is implied conditions or warranty as to the quality of
goods or their fitness for any particular purpose?. Comment.
6
2
?Delivery of goods and payments of their price are the concurrent conditions? Elucidate.
3
A agrees to sell to B 10 bags of wheat kalian (superior) out of 100 bags lying in his go down
for Rs6500. the wheat is completely destroyed by fire. can B compel A to supply the wheat
as per agreement?
4
?A Cheque is a specie of a bill of exchange with two additional qualifications.? Explain.
UNIT ? III ? COMPANY LAW AND INDUSTRIAL LAW
Major principles ? Nature and types of companies, Formation, Memorandum and Articles of Association,
Prospectus, Power, duties and liabilities of Directors, winding up of companies, Corporate Governance.
Over view of factories act. - Industrial Disputes Act-Strike, Layoff, Retrenchment, Lockout- Redressal
Mechanism.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
What is foreign company?
Level 1 Remembering
2
What is memorandum of Association?
Level 2 Understanding
3
What are the contents of Articles of Association of a Company?
Level 3 Applying
4
Classify the types of prospectus.
Level 4 Analysing
5
How doctrine of ultra-virus is used?
Level 5 Evaluating
6
Interpret the objectives of Prospectus.
Level 6 Creating
7
Define ?Duty not to delegate?.
Level 1 Remembering
8
What are the various types of Companies?
Level 2 Understanding
9
What are the powers and duties of directors?
Level 3 Applying
10
List the power of official liquidator.
Level 4 Analysing
11
Interpret the importance of appointment of liquidators.
Level 5 Evaluating
12
What is winding up of companies?
Level 6 Creating
13
When is a person disqualified for appointment as a director of
a company?
Level 1 Remembering
14
What are the objectives of Factories Act 1948?
Level 2 Understanding
15
Give any three objectives of Factories Act?
Level 3 Applying
16
Define ?Industry? in industrial disputes Act?
Level 4 Analysing
17
What is strike?
Level 1 Remembering
18
What is Lay -off?
Level 2 Understanding
7
19
Distinguish lay-off and lock out.
Level 1 Remembering
20
What is Retrenchment?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
i) Describe the Nature of company? ( 8 marks)
ii) How would you explain the types of companies? ( 5 marks)
Level 1 Remembering
2
i) How would you show your understanding on the contents of
prospectus? ( 5 marks)
ii) What would be the result of issuing a prospectus by the
company? (8marks)
Level 2 Understanding
3 Distinguish between Memorandum and Articles of Association. Level 3 Applying
4
i).What is MOA and AOA? (5marks)
ii).Explain the contents of MOA of a company.(8 marks)
Level 4 Analysing
5
How would you describe the primary documents of
Incorporation?
Level 5 Evaluating
6.
Compare member winding up and creditors winding up of
companies.
Level 6 Creating
7
What is Prospectus as per companies Act 1956? Explain the
liability foe misstatements in the prospectus of a registered
company.
Level 1 Remembering
8
What is winding up? Describe the grounds for compulsory
winding up a company.
Level 2 Understanding
9
i).What is ?Factory? as per the factories Act, 1948? (3Marks)
ii).Explain any five provisions of the Factories Act, 1948
regarding safety of Workers. (10 marks).
Level 3 Applying
10
i)Define industry disputes.( 3 marks)
ii)How would you explain the industry disputes types & causes of
it?(10 marks)
Level 4 Analysing
11
What is strike under Industrial Dispute Act? What are the Common
Reasons for Strike
Level 1 Remembering
12 Explain in detail about the types of strikes. Level 2 Understanding
13
i) What is lay off? What are its essentials as per the Industrial
Disputes Act, 1947? (6 marks).
ii) Point out the difference between lock out and closure.
(7marks).
Level 4 Analysing
14
What is meant by conciliation? Explain how to resolve an
industrial dispute statutorily.
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Design & Develop Warranties and Guarantees Card for TV Manufacturing company to their
customers as per law.
8
2
Why Corporate Governance is important? Justify
3
What are the provisions of the Factories Act, the 1948 with regard to appointment of
welfare officers? What is the required qualification and what are their duties?
4
X, a temporary employee drawing a salary of Rs 3000 per month, in an establishment to
which the payment of bonus act, 1965 applies was prevented by the employees from working
in the establishment for the two months during the financial year 2001 -2002, pending certain
inquiry. Since there were no adverse findings X was re-instated in service, later, when the
bonus was to be paid to other employees, the employers, the employers refuse to pay bonus
to X, Even though he has worked for the remaining ten months in the year.
Question: Referring to the provisions of the payment of Bonus Act 1965, Examine the
validity of employer refusal to pay bonus to X.
UNIT ? IV- CORPORATE TAX AND GST
Corporate Tax Planning, Income Tax, Goods and Services Tax ? Introduction, Objective, Classification
and practical implications of GST.
PART- A
S.NO QUESTIONS BT LEVEL COMPETENCE
1
Categorize the corporate tax planning.
Level 1 Remembering
2
Classify the Types of Assesse.
Level 2 Understanding
3 Define previous year and income. Level 3 Applying
4
What is Tax planning?
Level 4 Analysing
5
Define Tax Evasion.
Level 5 Evaluating
6 What are the needs for corporate Tax planning? Level 6 Creating
7 What is Income Tax? Level 1 Remembering
8
What do you mean by direct Tax?
Level 2 Understanding
9
Write a short note on Indirect Tax.
Level 3 Applying
10 State the objectives of Tax planning. Level 4 Analysing
11
Mention the different types of GST.
Level 5 Evaluating
12
List out the taxes replaced by SGST.
Level 6 Creating
13
What is mean by CGST?
Level 1 Remembering
14
Compare Income Tax and GST.
Level 2 Understanding
15
What is the difference between SGST and CGST?
Level 3 Applying
16
Outline the concept of GST.
Level 4 Analysing
17
Identify the Scope of GST.
Level 1 Remembering
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1
(AN
?
DEPARTMENT OF MANAGEMENT STUDIES
QUESTION BANK
I SEMESTER
1915104 ? of
Regulation ? 2019
Academic Year 2019 - 2020
Prepared by
Mr.S.Raja - Asst. Professor / MBA
Mrs.V.Selva Lakshmi- Asst. Professor / MBA
2
(AN
?
DEPARTMENT OFMANAGEMENT STUDIES
QUESTION BANK
SUBJECT : 1915104- of
SEM / YEAR: I Semester / I Year
UNIT ? I ? THE INDIAN CONTRACT ACT
Definition of contract, essentials elements and types of a contract, Formation of a contract, performance
of contracts, breach of contract and its remedies, Quasi contracts - Contract Of Agency: Nature of
agency, Creation and types of agents, Authority and liability of Agent and principal: Rights and duties
of principal and agents, termination of agency.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Define Law
Level 1 Remembering
2
Compare law & Mercantile law
Level 2 Understanding
3 What is the scope of Mercantile Law? Level 3 Applying
4
Define the term Contract.
Level 4 Analysing
5
What are the essentials of a valid Contract?
Level 5 Evaluating
6
How would you substantiate whether agreement became
contract?
Level 6 Creating
7 List the types of contracts Level 1 Remembering
8
What is a voidable contract?
Level 2 Understanding
9
What is an offer or proposal?
Level 3 Applying
10 How an offer is made? Level 4 Analysing
11
List out the Legal rules for a valid offer.
Level 5 Evaluating
12
What do you understand by the term ?performance of
contract??
Level 6 Creating
13
Define Quasi contracts.
Level 1 Remembering
14
What do you mean by discharge of Contract?
Level 2 Understanding
15 What is meant by breach of Contract? Level 3 Applying
3
16
Define Agent.
Level 4 Analysing
17
Who may be an Agent?
Level 1 Remembering
18 List out the essentials of agency. Level 2 Understanding
19 How a sub-agent is properly appointed? Level 1 Remembering
20
When a termination of agency occurs?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
i). Define Law & Contract (5Marks)
ii). How would you describe the essential elements of contract?
Level 1 Remembering
2
What is an ?Acceptance? Explain the legal rules regarding a valid
acceptance as per Indian contract act.
Level 2 Understanding
3 Distinguish between an offer and an invitation. Level 3 Applying
4
What do you mean by discharge of contract? Discuss the various
modes by which it may be Discharged.
Level 4 Analysing
5
State briefly the provisions of the contract act relating to the
devolution of joint rights and liabilities.
Level 5 Evaluating
6. Identify the breach of contract and its remedies with suitable example. Level 6 Creating
7
Distinguish between actual breach and anticipatory breach of
contract?
Level 1 Remembering
8
State the difference between contract and Quasi Contract.
Level 2 Understanding
9
When does a contract terminate by operation of law?
Level 3 Applying
10
Why do you think about Quasi contracts? Classify the types of Quasi
Contracts.
Level 4 Analysing
11
i). Discuss the creation of agency in detail. (8marks).
ii). Elaborate the different types of agents. (5marks).
Level 1 Remembering
12
i). Evaluate the Authority and Liability of Agent and Principle in
detail. (8marks).
ii). Elaborate the different types of Agents. (5Marks).
Level 2 Understanding
13 Describe the various modes by which an agency may be terminated? Level 4 Analysing
14
In what way may a contract of agency be terminated by act of the
parties? When is an agency irrevocable? Explain.
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Ragavi bought synthetic pearls from shop Aesthetics; A women?s shop? thinking that they were
natural pearls. The pearls were hung on stands with prices written on them. The customer could
choose whatever she wanted. The seller knew that Ragavi was mistaken, but he did not correct
4
her misimpression, now. Ragavi wants to return to return the pearls and claims the refund of
her money. Consider the following variations of the above case.
i). The shop had a board saying ?Aesthetics; A woman?s shop for Authentic jewellery?
ii). Ragavi had asked the shop keeper if the pearls were natural and he had said yes.
iii). The selection in the shop, from where Ragavi picked up her purchase had the word pearls
written on the shelf.
iv). There had been a law which required that the sale of imitation jewellery should carry a
declaration that the items were imitations; and the shop had made no declaration to this effect.
2
Examine the grounds on which a paying banker may dishonor the Cheque of a customer.
3
Draw the special rule of Cheque & types of crossing.
4
?B? offered to sell his car to A for Rs.95000.A accepts to purchase it for Rs.95,000.B refused to
sell the car Rs.94,500.Subsequently A agrees to purchase the car for Rs.95000 but B refused to
sell the car. A sues B for the specific performance of the contract. Will he succeed?
UNIT ? II ?THE SALE OF GOODS ACT 1930
Nature of Sales contract, Documents of title, risk of loss, Guarantees and Warranties, performance of
sales contracts, conditional sales and rights of an unpaid seller ? Negotiable Instruments Act 1881:
Nature and requisites of negotiable instruments. Types of negotiable instruments, liability of parties,
holder in due course, special rules for Cheque and drafts, discharge of negotiable instruments-GST
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1 Define a contract of sale. Level 1 Remembering
2 Compare sale and agreement to cell. Level 2 Understanding
3
Distinguish between specific and unascertained goods.
Level 3 Applying
4 List out the difference sale and hire purchase. Level 4 Analysing
5 What is Warranty? Level 5 Evaluating
6
State the difference between condition and warranty.
Level 6 Creating
7
When can a breach of condition be treated as a breach of
warranty?
Level 1 Remembering
8 Compare condition and warranty in sales contract. Level 2 Understanding
9 Brief the performance of Sales Contracts. Level 3 Applying
10
How contract of sale is made?
Level 4 Analysing
11
What are the implied conditions in a contract of sale of goods
by a sample?
Level 5 Evaluating
12 What is possession of goods? Level 6 Creating
13 Define the term Delivery. Level 1 Remembering
14
Who is an unpaid seller?
Level 2 Understanding
5
15
List out the remedies available to seller.
Level 3 Applying
16
State any two differences between a Cheque and a bill of
exchange.
Level 4 Analysing
17 Classify the types of Negotiable Instrument. Level 1 Remembering
18
Define Negotiation.
Level 2 Understanding
19
What is GST?
Level 1 Remembering
20
What are the benefits of GST?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Explain the difference between a contract of sale and an agreement to
sell. When does an agreement to sell ripen into sale?
Level 1 Remembering
2
Define sales of goods. Write the classification of goods & documents
of title?
Level 2 Understanding
3 Compare contingent contract and wagering agreements. Level 3 Applying
4
List the main characteristics for delivery of goods & modes of
delivery.
Level 4 Analysing
5
How is contract of sale made? State briefly the necessary formalities
of such a contract with examples.
Level 5 Evaluating
6.
Define the term ?warranty?. Explain and illustrate the implied
warranties in a contract sale as provided in the sale of Goods Act,
1930.
Level 6 Creating
7
Enumerate the rights and duties of a seller in respect of the sale of
Goods.
Level 1 Remembering
8
Define an unpaid seller. What are the rights of an unpaid seller?
Level 2 Understanding
9
Explain detail about implied conditions.
Level 3 Applying
10
What are the essential features of Negotiable Instrument? Define
Negotiable Instrument.
Level 4 Analysing
11
Who can cross a Cheque? What is the difference between a general
crossing and special crossing?
Level 1 Remembering
12
Discuss the Discharge of negotiable instruments in detail.
Level 2 Understanding
13 ?India?s GST structure is Complex? Discuss. Level 4 Analysing
14 Why does India need GST? Explain in detail. Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
?In a contract for the sale of goods, there is implied conditions or warranty as to the quality of
goods or their fitness for any particular purpose?. Comment.
6
2
?Delivery of goods and payments of their price are the concurrent conditions? Elucidate.
3
A agrees to sell to B 10 bags of wheat kalian (superior) out of 100 bags lying in his go down
for Rs6500. the wheat is completely destroyed by fire. can B compel A to supply the wheat
as per agreement?
4
?A Cheque is a specie of a bill of exchange with two additional qualifications.? Explain.
UNIT ? III ? COMPANY LAW AND INDUSTRIAL LAW
Major principles ? Nature and types of companies, Formation, Memorandum and Articles of Association,
Prospectus, Power, duties and liabilities of Directors, winding up of companies, Corporate Governance.
Over view of factories act. - Industrial Disputes Act-Strike, Layoff, Retrenchment, Lockout- Redressal
Mechanism.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
What is foreign company?
Level 1 Remembering
2
What is memorandum of Association?
Level 2 Understanding
3
What are the contents of Articles of Association of a Company?
Level 3 Applying
4
Classify the types of prospectus.
Level 4 Analysing
5
How doctrine of ultra-virus is used?
Level 5 Evaluating
6
Interpret the objectives of Prospectus.
Level 6 Creating
7
Define ?Duty not to delegate?.
Level 1 Remembering
8
What are the various types of Companies?
Level 2 Understanding
9
What are the powers and duties of directors?
Level 3 Applying
10
List the power of official liquidator.
Level 4 Analysing
11
Interpret the importance of appointment of liquidators.
Level 5 Evaluating
12
What is winding up of companies?
Level 6 Creating
13
When is a person disqualified for appointment as a director of
a company?
Level 1 Remembering
14
What are the objectives of Factories Act 1948?
Level 2 Understanding
15
Give any three objectives of Factories Act?
Level 3 Applying
16
Define ?Industry? in industrial disputes Act?
Level 4 Analysing
17
What is strike?
Level 1 Remembering
18
What is Lay -off?
Level 2 Understanding
7
19
Distinguish lay-off and lock out.
Level 1 Remembering
20
What is Retrenchment?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
i) Describe the Nature of company? ( 8 marks)
ii) How would you explain the types of companies? ( 5 marks)
Level 1 Remembering
2
i) How would you show your understanding on the contents of
prospectus? ( 5 marks)
ii) What would be the result of issuing a prospectus by the
company? (8marks)
Level 2 Understanding
3 Distinguish between Memorandum and Articles of Association. Level 3 Applying
4
i).What is MOA and AOA? (5marks)
ii).Explain the contents of MOA of a company.(8 marks)
Level 4 Analysing
5
How would you describe the primary documents of
Incorporation?
Level 5 Evaluating
6.
Compare member winding up and creditors winding up of
companies.
Level 6 Creating
7
What is Prospectus as per companies Act 1956? Explain the
liability foe misstatements in the prospectus of a registered
company.
Level 1 Remembering
8
What is winding up? Describe the grounds for compulsory
winding up a company.
Level 2 Understanding
9
i).What is ?Factory? as per the factories Act, 1948? (3Marks)
ii).Explain any five provisions of the Factories Act, 1948
regarding safety of Workers. (10 marks).
Level 3 Applying
10
i)Define industry disputes.( 3 marks)
ii)How would you explain the industry disputes types & causes of
it?(10 marks)
Level 4 Analysing
11
What is strike under Industrial Dispute Act? What are the Common
Reasons for Strike
Level 1 Remembering
12 Explain in detail about the types of strikes. Level 2 Understanding
13
i) What is lay off? What are its essentials as per the Industrial
Disputes Act, 1947? (6 marks).
ii) Point out the difference between lock out and closure.
(7marks).
Level 4 Analysing
14
What is meant by conciliation? Explain how to resolve an
industrial dispute statutorily.
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Design & Develop Warranties and Guarantees Card for TV Manufacturing company to their
customers as per law.
8
2
Why Corporate Governance is important? Justify
3
What are the provisions of the Factories Act, the 1948 with regard to appointment of
welfare officers? What is the required qualification and what are their duties?
4
X, a temporary employee drawing a salary of Rs 3000 per month, in an establishment to
which the payment of bonus act, 1965 applies was prevented by the employees from working
in the establishment for the two months during the financial year 2001 -2002, pending certain
inquiry. Since there were no adverse findings X was re-instated in service, later, when the
bonus was to be paid to other employees, the employers, the employers refuse to pay bonus
to X, Even though he has worked for the remaining ten months in the year.
Question: Referring to the provisions of the payment of Bonus Act 1965, Examine the
validity of employer refusal to pay bonus to X.
UNIT ? IV- CORPORATE TAX AND GST
Corporate Tax Planning, Income Tax, Goods and Services Tax ? Introduction, Objective, Classification
and practical implications of GST.
PART- A
S.NO QUESTIONS BT LEVEL COMPETENCE
1
Categorize the corporate tax planning.
Level 1 Remembering
2
Classify the Types of Assesse.
Level 2 Understanding
3 Define previous year and income. Level 3 Applying
4
What is Tax planning?
Level 4 Analysing
5
Define Tax Evasion.
Level 5 Evaluating
6 What are the needs for corporate Tax planning? Level 6 Creating
7 What is Income Tax? Level 1 Remembering
8
What do you mean by direct Tax?
Level 2 Understanding
9
Write a short note on Indirect Tax.
Level 3 Applying
10 State the objectives of Tax planning. Level 4 Analysing
11
Mention the different types of GST.
Level 5 Evaluating
12
List out the taxes replaced by SGST.
Level 6 Creating
13
What is mean by CGST?
Level 1 Remembering
14
Compare Income Tax and GST.
Level 2 Understanding
15
What is the difference between SGST and CGST?
Level 3 Applying
16
Outline the concept of GST.
Level 4 Analysing
17
Identify the Scope of GST.
Level 1 Remembering
9
18 What are the various objectives of GST? Level 2 Understanding
19
Who is a casual trader under TNGST Act 1959?
Level 1 Remembering
20
How would you describe the practical implications of
GST?
Level 1 Remembering
PART- B
S.NO QUESTIONS BT LEVEL COMPETENCE
1
i)What is direct and indirect tax? ( 3 Marks)
ii) How would you describe Characteristics of income tax?
( 10 Marks)
Level 1 Remembering
2 What is Corporate Tax Planning? Enumerate its objectives. Level 2 Understanding
3 Enumerate the different types of GST. Level 3 Applying
4 Explain briefly Genesis of GST in India Level 4 Analysing
5
How will GST affect the Indian economy and consumer
experience?
Level 5 Evaluating
6. List the documents under GST act. Level 6 Creating
7 Define GST .Explain the main features of GST? Level 1 Remembering
8 Discuss the myths about GST. Level 2 Understanding
9 Elaborate the main features of GST. Level 3 Applying
10 What are the main economic implications of GST in India? Level 4 Analysing
11 How would you describe disadvantages of GST? Level 1 Remembering
12
What is corporate tax planning? Explain the drawbacks in
the existing system of sales Tax.
Level 2 Understanding
13
What motive is there behind GST? Explain in detail the
benefits of GST?
Level 4 Analysing
14
i)How would you describe tax avoidance and tax evasion?
( 8 Marks)
ii) How would you explain the necessity and factors of tax
planning? (5marks).
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Godha Engineering works specialize in the installation of heating and air conditioning
equipment in a metropolitan area of about one million people. Although the company usually
installs nationally known equipment, it engages in limited manufacturing of certain
FirstRanker.com - FirstRanker's Choice
1
(AN
?
DEPARTMENT OF MANAGEMENT STUDIES
QUESTION BANK
I SEMESTER
1915104 ? of
Regulation ? 2019
Academic Year 2019 - 2020
Prepared by
Mr.S.Raja - Asst. Professor / MBA
Mrs.V.Selva Lakshmi- Asst. Professor / MBA
2
(AN
?
DEPARTMENT OFMANAGEMENT STUDIES
QUESTION BANK
SUBJECT : 1915104- of
SEM / YEAR: I Semester / I Year
UNIT ? I ? THE INDIAN CONTRACT ACT
Definition of contract, essentials elements and types of a contract, Formation of a contract, performance
of contracts, breach of contract and its remedies, Quasi contracts - Contract Of Agency: Nature of
agency, Creation and types of agents, Authority and liability of Agent and principal: Rights and duties
of principal and agents, termination of agency.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Define Law
Level 1 Remembering
2
Compare law & Mercantile law
Level 2 Understanding
3 What is the scope of Mercantile Law? Level 3 Applying
4
Define the term Contract.
Level 4 Analysing
5
What are the essentials of a valid Contract?
Level 5 Evaluating
6
How would you substantiate whether agreement became
contract?
Level 6 Creating
7 List the types of contracts Level 1 Remembering
8
What is a voidable contract?
Level 2 Understanding
9
What is an offer or proposal?
Level 3 Applying
10 How an offer is made? Level 4 Analysing
11
List out the Legal rules for a valid offer.
Level 5 Evaluating
12
What do you understand by the term ?performance of
contract??
Level 6 Creating
13
Define Quasi contracts.
Level 1 Remembering
14
What do you mean by discharge of Contract?
Level 2 Understanding
15 What is meant by breach of Contract? Level 3 Applying
3
16
Define Agent.
Level 4 Analysing
17
Who may be an Agent?
Level 1 Remembering
18 List out the essentials of agency. Level 2 Understanding
19 How a sub-agent is properly appointed? Level 1 Remembering
20
When a termination of agency occurs?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
i). Define Law & Contract (5Marks)
ii). How would you describe the essential elements of contract?
Level 1 Remembering
2
What is an ?Acceptance? Explain the legal rules regarding a valid
acceptance as per Indian contract act.
Level 2 Understanding
3 Distinguish between an offer and an invitation. Level 3 Applying
4
What do you mean by discharge of contract? Discuss the various
modes by which it may be Discharged.
Level 4 Analysing
5
State briefly the provisions of the contract act relating to the
devolution of joint rights and liabilities.
Level 5 Evaluating
6. Identify the breach of contract and its remedies with suitable example. Level 6 Creating
7
Distinguish between actual breach and anticipatory breach of
contract?
Level 1 Remembering
8
State the difference between contract and Quasi Contract.
Level 2 Understanding
9
When does a contract terminate by operation of law?
Level 3 Applying
10
Why do you think about Quasi contracts? Classify the types of Quasi
Contracts.
Level 4 Analysing
11
i). Discuss the creation of agency in detail. (8marks).
ii). Elaborate the different types of agents. (5marks).
Level 1 Remembering
12
i). Evaluate the Authority and Liability of Agent and Principle in
detail. (8marks).
ii). Elaborate the different types of Agents. (5Marks).
Level 2 Understanding
13 Describe the various modes by which an agency may be terminated? Level 4 Analysing
14
In what way may a contract of agency be terminated by act of the
parties? When is an agency irrevocable? Explain.
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Ragavi bought synthetic pearls from shop Aesthetics; A women?s shop? thinking that they were
natural pearls. The pearls were hung on stands with prices written on them. The customer could
choose whatever she wanted. The seller knew that Ragavi was mistaken, but he did not correct
4
her misimpression, now. Ragavi wants to return to return the pearls and claims the refund of
her money. Consider the following variations of the above case.
i). The shop had a board saying ?Aesthetics; A woman?s shop for Authentic jewellery?
ii). Ragavi had asked the shop keeper if the pearls were natural and he had said yes.
iii). The selection in the shop, from where Ragavi picked up her purchase had the word pearls
written on the shelf.
iv). There had been a law which required that the sale of imitation jewellery should carry a
declaration that the items were imitations; and the shop had made no declaration to this effect.
2
Examine the grounds on which a paying banker may dishonor the Cheque of a customer.
3
Draw the special rule of Cheque & types of crossing.
4
?B? offered to sell his car to A for Rs.95000.A accepts to purchase it for Rs.95,000.B refused to
sell the car Rs.94,500.Subsequently A agrees to purchase the car for Rs.95000 but B refused to
sell the car. A sues B for the specific performance of the contract. Will he succeed?
UNIT ? II ?THE SALE OF GOODS ACT 1930
Nature of Sales contract, Documents of title, risk of loss, Guarantees and Warranties, performance of
sales contracts, conditional sales and rights of an unpaid seller ? Negotiable Instruments Act 1881:
Nature and requisites of negotiable instruments. Types of negotiable instruments, liability of parties,
holder in due course, special rules for Cheque and drafts, discharge of negotiable instruments-GST
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1 Define a contract of sale. Level 1 Remembering
2 Compare sale and agreement to cell. Level 2 Understanding
3
Distinguish between specific and unascertained goods.
Level 3 Applying
4 List out the difference sale and hire purchase. Level 4 Analysing
5 What is Warranty? Level 5 Evaluating
6
State the difference between condition and warranty.
Level 6 Creating
7
When can a breach of condition be treated as a breach of
warranty?
Level 1 Remembering
8 Compare condition and warranty in sales contract. Level 2 Understanding
9 Brief the performance of Sales Contracts. Level 3 Applying
10
How contract of sale is made?
Level 4 Analysing
11
What are the implied conditions in a contract of sale of goods
by a sample?
Level 5 Evaluating
12 What is possession of goods? Level 6 Creating
13 Define the term Delivery. Level 1 Remembering
14
Who is an unpaid seller?
Level 2 Understanding
5
15
List out the remedies available to seller.
Level 3 Applying
16
State any two differences between a Cheque and a bill of
exchange.
Level 4 Analysing
17 Classify the types of Negotiable Instrument. Level 1 Remembering
18
Define Negotiation.
Level 2 Understanding
19
What is GST?
Level 1 Remembering
20
What are the benefits of GST?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Explain the difference between a contract of sale and an agreement to
sell. When does an agreement to sell ripen into sale?
Level 1 Remembering
2
Define sales of goods. Write the classification of goods & documents
of title?
Level 2 Understanding
3 Compare contingent contract and wagering agreements. Level 3 Applying
4
List the main characteristics for delivery of goods & modes of
delivery.
Level 4 Analysing
5
How is contract of sale made? State briefly the necessary formalities
of such a contract with examples.
Level 5 Evaluating
6.
Define the term ?warranty?. Explain and illustrate the implied
warranties in a contract sale as provided in the sale of Goods Act,
1930.
Level 6 Creating
7
Enumerate the rights and duties of a seller in respect of the sale of
Goods.
Level 1 Remembering
8
Define an unpaid seller. What are the rights of an unpaid seller?
Level 2 Understanding
9
Explain detail about implied conditions.
Level 3 Applying
10
What are the essential features of Negotiable Instrument? Define
Negotiable Instrument.
Level 4 Analysing
11
Who can cross a Cheque? What is the difference between a general
crossing and special crossing?
Level 1 Remembering
12
Discuss the Discharge of negotiable instruments in detail.
Level 2 Understanding
13 ?India?s GST structure is Complex? Discuss. Level 4 Analysing
14 Why does India need GST? Explain in detail. Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
?In a contract for the sale of goods, there is implied conditions or warranty as to the quality of
goods or their fitness for any particular purpose?. Comment.
6
2
?Delivery of goods and payments of their price are the concurrent conditions? Elucidate.
3
A agrees to sell to B 10 bags of wheat kalian (superior) out of 100 bags lying in his go down
for Rs6500. the wheat is completely destroyed by fire. can B compel A to supply the wheat
as per agreement?
4
?A Cheque is a specie of a bill of exchange with two additional qualifications.? Explain.
UNIT ? III ? COMPANY LAW AND INDUSTRIAL LAW
Major principles ? Nature and types of companies, Formation, Memorandum and Articles of Association,
Prospectus, Power, duties and liabilities of Directors, winding up of companies, Corporate Governance.
Over view of factories act. - Industrial Disputes Act-Strike, Layoff, Retrenchment, Lockout- Redressal
Mechanism.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
What is foreign company?
Level 1 Remembering
2
What is memorandum of Association?
Level 2 Understanding
3
What are the contents of Articles of Association of a Company?
Level 3 Applying
4
Classify the types of prospectus.
Level 4 Analysing
5
How doctrine of ultra-virus is used?
Level 5 Evaluating
6
Interpret the objectives of Prospectus.
Level 6 Creating
7
Define ?Duty not to delegate?.
Level 1 Remembering
8
What are the various types of Companies?
Level 2 Understanding
9
What are the powers and duties of directors?
Level 3 Applying
10
List the power of official liquidator.
Level 4 Analysing
11
Interpret the importance of appointment of liquidators.
Level 5 Evaluating
12
What is winding up of companies?
Level 6 Creating
13
When is a person disqualified for appointment as a director of
a company?
Level 1 Remembering
14
What are the objectives of Factories Act 1948?
Level 2 Understanding
15
Give any three objectives of Factories Act?
Level 3 Applying
16
Define ?Industry? in industrial disputes Act?
Level 4 Analysing
17
What is strike?
Level 1 Remembering
18
What is Lay -off?
Level 2 Understanding
7
19
Distinguish lay-off and lock out.
Level 1 Remembering
20
What is Retrenchment?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
i) Describe the Nature of company? ( 8 marks)
ii) How would you explain the types of companies? ( 5 marks)
Level 1 Remembering
2
i) How would you show your understanding on the contents of
prospectus? ( 5 marks)
ii) What would be the result of issuing a prospectus by the
company? (8marks)
Level 2 Understanding
3 Distinguish between Memorandum and Articles of Association. Level 3 Applying
4
i).What is MOA and AOA? (5marks)
ii).Explain the contents of MOA of a company.(8 marks)
Level 4 Analysing
5
How would you describe the primary documents of
Incorporation?
Level 5 Evaluating
6.
Compare member winding up and creditors winding up of
companies.
Level 6 Creating
7
What is Prospectus as per companies Act 1956? Explain the
liability foe misstatements in the prospectus of a registered
company.
Level 1 Remembering
8
What is winding up? Describe the grounds for compulsory
winding up a company.
Level 2 Understanding
9
i).What is ?Factory? as per the factories Act, 1948? (3Marks)
ii).Explain any five provisions of the Factories Act, 1948
regarding safety of Workers. (10 marks).
Level 3 Applying
10
i)Define industry disputes.( 3 marks)
ii)How would you explain the industry disputes types & causes of
it?(10 marks)
Level 4 Analysing
11
What is strike under Industrial Dispute Act? What are the Common
Reasons for Strike
Level 1 Remembering
12 Explain in detail about the types of strikes. Level 2 Understanding
13
i) What is lay off? What are its essentials as per the Industrial
Disputes Act, 1947? (6 marks).
ii) Point out the difference between lock out and closure.
(7marks).
Level 4 Analysing
14
What is meant by conciliation? Explain how to resolve an
industrial dispute statutorily.
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Design & Develop Warranties and Guarantees Card for TV Manufacturing company to their
customers as per law.
8
2
Why Corporate Governance is important? Justify
3
What are the provisions of the Factories Act, the 1948 with regard to appointment of
welfare officers? What is the required qualification and what are their duties?
4
X, a temporary employee drawing a salary of Rs 3000 per month, in an establishment to
which the payment of bonus act, 1965 applies was prevented by the employees from working
in the establishment for the two months during the financial year 2001 -2002, pending certain
inquiry. Since there were no adverse findings X was re-instated in service, later, when the
bonus was to be paid to other employees, the employers, the employers refuse to pay bonus
to X, Even though he has worked for the remaining ten months in the year.
Question: Referring to the provisions of the payment of Bonus Act 1965, Examine the
validity of employer refusal to pay bonus to X.
UNIT ? IV- CORPORATE TAX AND GST
Corporate Tax Planning, Income Tax, Goods and Services Tax ? Introduction, Objective, Classification
and practical implications of GST.
PART- A
S.NO QUESTIONS BT LEVEL COMPETENCE
1
Categorize the corporate tax planning.
Level 1 Remembering
2
Classify the Types of Assesse.
Level 2 Understanding
3 Define previous year and income. Level 3 Applying
4
What is Tax planning?
Level 4 Analysing
5
Define Tax Evasion.
Level 5 Evaluating
6 What are the needs for corporate Tax planning? Level 6 Creating
7 What is Income Tax? Level 1 Remembering
8
What do you mean by direct Tax?
Level 2 Understanding
9
Write a short note on Indirect Tax.
Level 3 Applying
10 State the objectives of Tax planning. Level 4 Analysing
11
Mention the different types of GST.
Level 5 Evaluating
12
List out the taxes replaced by SGST.
Level 6 Creating
13
What is mean by CGST?
Level 1 Remembering
14
Compare Income Tax and GST.
Level 2 Understanding
15
What is the difference between SGST and CGST?
Level 3 Applying
16
Outline the concept of GST.
Level 4 Analysing
17
Identify the Scope of GST.
Level 1 Remembering
9
18 What are the various objectives of GST? Level 2 Understanding
19
Who is a casual trader under TNGST Act 1959?
Level 1 Remembering
20
How would you describe the practical implications of
GST?
Level 1 Remembering
PART- B
S.NO QUESTIONS BT LEVEL COMPETENCE
1
i)What is direct and indirect tax? ( 3 Marks)
ii) How would you describe Characteristics of income tax?
( 10 Marks)
Level 1 Remembering
2 What is Corporate Tax Planning? Enumerate its objectives. Level 2 Understanding
3 Enumerate the different types of GST. Level 3 Applying
4 Explain briefly Genesis of GST in India Level 4 Analysing
5
How will GST affect the Indian economy and consumer
experience?
Level 5 Evaluating
6. List the documents under GST act. Level 6 Creating
7 Define GST .Explain the main features of GST? Level 1 Remembering
8 Discuss the myths about GST. Level 2 Understanding
9 Elaborate the main features of GST. Level 3 Applying
10 What are the main economic implications of GST in India? Level 4 Analysing
11 How would you describe disadvantages of GST? Level 1 Remembering
12
What is corporate tax planning? Explain the drawbacks in
the existing system of sales Tax.
Level 2 Understanding
13
What motive is there behind GST? Explain in detail the
benefits of GST?
Level 4 Analysing
14
i)How would you describe tax avoidance and tax evasion?
( 8 Marks)
ii) How would you explain the necessity and factors of tax
planning? (5marks).
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Godha Engineering works specialize in the installation of heating and air conditioning
equipment in a metropolitan area of about one million people. Although the company usually
installs nationally known equipment, it engages in limited manufacturing of certain
10
components needed for commercial installation. Since it was established some forty years ago,
the company had earned a reputation for quality work.
Prabhu Lal has been with the company as sales representative for two years. During this
period he believes that the company has missed a number of opportunities to obtain lucrative
contracts because of commercial installations, he does not have the authority to mark any
decision or commitments during preliminary contract negotiations. He has to postpone
discussion of price, completion time and credit terms until after each of the technical expects
in these areas has studied the job and made formal commitments. By this time, some
competing firm already completes negotiations and gets the contract. Lal considers this a
continuing problem and feels hampered.
Questions:
i) In what respects do you think Lal is justified or not justified in his compliant? (8 Marks)
ii) What can be done on a company ? wide basis to improve the situation? (7 Marks)
2
The caselet discusses about the apprehensions of different sections of the society regarding
implementation of VAT in India. It explains the scenario in India after the implementation of
VAT. It also explains how VAT system of taxation is different from the earlier system of
taxation in India. It specifically emphasizes on the efficacy of VAT in India.
Issues:
? Apprehensions regarding implementation of VAT in India.
? Can VAT replace central sales tax in India?
? Benefits of VAT to various sections of the society.
Introduction
Value Added Tax (VAT) came into effect in India on April 1, 2005. The first few days of its
implementation saw protests from different sections of society. Even after two months of
implementation of VAT, traders are worried and confused over whether they have to pay
more tax; consumers are afraid that they will have to pay higher prices for commodities; and
companies are unsure of whether they stand to gain or lose.
Certain states in India which have implemented VAT and those which are yet to take it up
have a common concern ? whether there will be an increase in prices of products after
implementation of the new tax system. There are thus a lot of misconceptions and
misinterpretations regarding VAT...
Questions for Discussion:
i). Suggest ways to effectively implement the VAT system in India. . (8 marks)
ii). Do you think implementation of the VAT system would result in an increase in prices of
commodities? (7 marks)
3
Explain the tax exemptions that an individual investor can apply for a better tax management.
4 VAT ? How this is calculated for product in each stage, explain with example and calculation.
UNIT ? V- CONSUMER PROTECTION ACT AND INTRODUCTION OF CYBER LAWS
Consumer Protection Act ? Consumer rights, Right to Information Act, Procedures for Consumer
grievances redressal, Types of consumer Redressal Machineries and Forums- Competition Act 2002 -
FirstRanker.com - FirstRanker's Choice
1
(AN
?
DEPARTMENT OF MANAGEMENT STUDIES
QUESTION BANK
I SEMESTER
1915104 ? of
Regulation ? 2019
Academic Year 2019 - 2020
Prepared by
Mr.S.Raja - Asst. Professor / MBA
Mrs.V.Selva Lakshmi- Asst. Professor / MBA
2
(AN
?
DEPARTMENT OFMANAGEMENT STUDIES
QUESTION BANK
SUBJECT : 1915104- of
SEM / YEAR: I Semester / I Year
UNIT ? I ? THE INDIAN CONTRACT ACT
Definition of contract, essentials elements and types of a contract, Formation of a contract, performance
of contracts, breach of contract and its remedies, Quasi contracts - Contract Of Agency: Nature of
agency, Creation and types of agents, Authority and liability of Agent and principal: Rights and duties
of principal and agents, termination of agency.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Define Law
Level 1 Remembering
2
Compare law & Mercantile law
Level 2 Understanding
3 What is the scope of Mercantile Law? Level 3 Applying
4
Define the term Contract.
Level 4 Analysing
5
What are the essentials of a valid Contract?
Level 5 Evaluating
6
How would you substantiate whether agreement became
contract?
Level 6 Creating
7 List the types of contracts Level 1 Remembering
8
What is a voidable contract?
Level 2 Understanding
9
What is an offer or proposal?
Level 3 Applying
10 How an offer is made? Level 4 Analysing
11
List out the Legal rules for a valid offer.
Level 5 Evaluating
12
What do you understand by the term ?performance of
contract??
Level 6 Creating
13
Define Quasi contracts.
Level 1 Remembering
14
What do you mean by discharge of Contract?
Level 2 Understanding
15 What is meant by breach of Contract? Level 3 Applying
3
16
Define Agent.
Level 4 Analysing
17
Who may be an Agent?
Level 1 Remembering
18 List out the essentials of agency. Level 2 Understanding
19 How a sub-agent is properly appointed? Level 1 Remembering
20
When a termination of agency occurs?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
i). Define Law & Contract (5Marks)
ii). How would you describe the essential elements of contract?
Level 1 Remembering
2
What is an ?Acceptance? Explain the legal rules regarding a valid
acceptance as per Indian contract act.
Level 2 Understanding
3 Distinguish between an offer and an invitation. Level 3 Applying
4
What do you mean by discharge of contract? Discuss the various
modes by which it may be Discharged.
Level 4 Analysing
5
State briefly the provisions of the contract act relating to the
devolution of joint rights and liabilities.
Level 5 Evaluating
6. Identify the breach of contract and its remedies with suitable example. Level 6 Creating
7
Distinguish between actual breach and anticipatory breach of
contract?
Level 1 Remembering
8
State the difference between contract and Quasi Contract.
Level 2 Understanding
9
When does a contract terminate by operation of law?
Level 3 Applying
10
Why do you think about Quasi contracts? Classify the types of Quasi
Contracts.
Level 4 Analysing
11
i). Discuss the creation of agency in detail. (8marks).
ii). Elaborate the different types of agents. (5marks).
Level 1 Remembering
12
i). Evaluate the Authority and Liability of Agent and Principle in
detail. (8marks).
ii). Elaborate the different types of Agents. (5Marks).
Level 2 Understanding
13 Describe the various modes by which an agency may be terminated? Level 4 Analysing
14
In what way may a contract of agency be terminated by act of the
parties? When is an agency irrevocable? Explain.
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Ragavi bought synthetic pearls from shop Aesthetics; A women?s shop? thinking that they were
natural pearls. The pearls were hung on stands with prices written on them. The customer could
choose whatever she wanted. The seller knew that Ragavi was mistaken, but he did not correct
4
her misimpression, now. Ragavi wants to return to return the pearls and claims the refund of
her money. Consider the following variations of the above case.
i). The shop had a board saying ?Aesthetics; A woman?s shop for Authentic jewellery?
ii). Ragavi had asked the shop keeper if the pearls were natural and he had said yes.
iii). The selection in the shop, from where Ragavi picked up her purchase had the word pearls
written on the shelf.
iv). There had been a law which required that the sale of imitation jewellery should carry a
declaration that the items were imitations; and the shop had made no declaration to this effect.
2
Examine the grounds on which a paying banker may dishonor the Cheque of a customer.
3
Draw the special rule of Cheque & types of crossing.
4
?B? offered to sell his car to A for Rs.95000.A accepts to purchase it for Rs.95,000.B refused to
sell the car Rs.94,500.Subsequently A agrees to purchase the car for Rs.95000 but B refused to
sell the car. A sues B for the specific performance of the contract. Will he succeed?
UNIT ? II ?THE SALE OF GOODS ACT 1930
Nature of Sales contract, Documents of title, risk of loss, Guarantees and Warranties, performance of
sales contracts, conditional sales and rights of an unpaid seller ? Negotiable Instruments Act 1881:
Nature and requisites of negotiable instruments. Types of negotiable instruments, liability of parties,
holder in due course, special rules for Cheque and drafts, discharge of negotiable instruments-GST
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1 Define a contract of sale. Level 1 Remembering
2 Compare sale and agreement to cell. Level 2 Understanding
3
Distinguish between specific and unascertained goods.
Level 3 Applying
4 List out the difference sale and hire purchase. Level 4 Analysing
5 What is Warranty? Level 5 Evaluating
6
State the difference between condition and warranty.
Level 6 Creating
7
When can a breach of condition be treated as a breach of
warranty?
Level 1 Remembering
8 Compare condition and warranty in sales contract. Level 2 Understanding
9 Brief the performance of Sales Contracts. Level 3 Applying
10
How contract of sale is made?
Level 4 Analysing
11
What are the implied conditions in a contract of sale of goods
by a sample?
Level 5 Evaluating
12 What is possession of goods? Level 6 Creating
13 Define the term Delivery. Level 1 Remembering
14
Who is an unpaid seller?
Level 2 Understanding
5
15
List out the remedies available to seller.
Level 3 Applying
16
State any two differences between a Cheque and a bill of
exchange.
Level 4 Analysing
17 Classify the types of Negotiable Instrument. Level 1 Remembering
18
Define Negotiation.
Level 2 Understanding
19
What is GST?
Level 1 Remembering
20
What are the benefits of GST?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Explain the difference between a contract of sale and an agreement to
sell. When does an agreement to sell ripen into sale?
Level 1 Remembering
2
Define sales of goods. Write the classification of goods & documents
of title?
Level 2 Understanding
3 Compare contingent contract and wagering agreements. Level 3 Applying
4
List the main characteristics for delivery of goods & modes of
delivery.
Level 4 Analysing
5
How is contract of sale made? State briefly the necessary formalities
of such a contract with examples.
Level 5 Evaluating
6.
Define the term ?warranty?. Explain and illustrate the implied
warranties in a contract sale as provided in the sale of Goods Act,
1930.
Level 6 Creating
7
Enumerate the rights and duties of a seller in respect of the sale of
Goods.
Level 1 Remembering
8
Define an unpaid seller. What are the rights of an unpaid seller?
Level 2 Understanding
9
Explain detail about implied conditions.
Level 3 Applying
10
What are the essential features of Negotiable Instrument? Define
Negotiable Instrument.
Level 4 Analysing
11
Who can cross a Cheque? What is the difference between a general
crossing and special crossing?
Level 1 Remembering
12
Discuss the Discharge of negotiable instruments in detail.
Level 2 Understanding
13 ?India?s GST structure is Complex? Discuss. Level 4 Analysing
14 Why does India need GST? Explain in detail. Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
?In a contract for the sale of goods, there is implied conditions or warranty as to the quality of
goods or their fitness for any particular purpose?. Comment.
6
2
?Delivery of goods and payments of their price are the concurrent conditions? Elucidate.
3
A agrees to sell to B 10 bags of wheat kalian (superior) out of 100 bags lying in his go down
for Rs6500. the wheat is completely destroyed by fire. can B compel A to supply the wheat
as per agreement?
4
?A Cheque is a specie of a bill of exchange with two additional qualifications.? Explain.
UNIT ? III ? COMPANY LAW AND INDUSTRIAL LAW
Major principles ? Nature and types of companies, Formation, Memorandum and Articles of Association,
Prospectus, Power, duties and liabilities of Directors, winding up of companies, Corporate Governance.
Over view of factories act. - Industrial Disputes Act-Strike, Layoff, Retrenchment, Lockout- Redressal
Mechanism.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
What is foreign company?
Level 1 Remembering
2
What is memorandum of Association?
Level 2 Understanding
3
What are the contents of Articles of Association of a Company?
Level 3 Applying
4
Classify the types of prospectus.
Level 4 Analysing
5
How doctrine of ultra-virus is used?
Level 5 Evaluating
6
Interpret the objectives of Prospectus.
Level 6 Creating
7
Define ?Duty not to delegate?.
Level 1 Remembering
8
What are the various types of Companies?
Level 2 Understanding
9
What are the powers and duties of directors?
Level 3 Applying
10
List the power of official liquidator.
Level 4 Analysing
11
Interpret the importance of appointment of liquidators.
Level 5 Evaluating
12
What is winding up of companies?
Level 6 Creating
13
When is a person disqualified for appointment as a director of
a company?
Level 1 Remembering
14
What are the objectives of Factories Act 1948?
Level 2 Understanding
15
Give any three objectives of Factories Act?
Level 3 Applying
16
Define ?Industry? in industrial disputes Act?
Level 4 Analysing
17
What is strike?
Level 1 Remembering
18
What is Lay -off?
Level 2 Understanding
7
19
Distinguish lay-off and lock out.
Level 1 Remembering
20
What is Retrenchment?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
i) Describe the Nature of company? ( 8 marks)
ii) How would you explain the types of companies? ( 5 marks)
Level 1 Remembering
2
i) How would you show your understanding on the contents of
prospectus? ( 5 marks)
ii) What would be the result of issuing a prospectus by the
company? (8marks)
Level 2 Understanding
3 Distinguish between Memorandum and Articles of Association. Level 3 Applying
4
i).What is MOA and AOA? (5marks)
ii).Explain the contents of MOA of a company.(8 marks)
Level 4 Analysing
5
How would you describe the primary documents of
Incorporation?
Level 5 Evaluating
6.
Compare member winding up and creditors winding up of
companies.
Level 6 Creating
7
What is Prospectus as per companies Act 1956? Explain the
liability foe misstatements in the prospectus of a registered
company.
Level 1 Remembering
8
What is winding up? Describe the grounds for compulsory
winding up a company.
Level 2 Understanding
9
i).What is ?Factory? as per the factories Act, 1948? (3Marks)
ii).Explain any five provisions of the Factories Act, 1948
regarding safety of Workers. (10 marks).
Level 3 Applying
10
i)Define industry disputes.( 3 marks)
ii)How would you explain the industry disputes types & causes of
it?(10 marks)
Level 4 Analysing
11
What is strike under Industrial Dispute Act? What are the Common
Reasons for Strike
Level 1 Remembering
12 Explain in detail about the types of strikes. Level 2 Understanding
13
i) What is lay off? What are its essentials as per the Industrial
Disputes Act, 1947? (6 marks).
ii) Point out the difference between lock out and closure.
(7marks).
Level 4 Analysing
14
What is meant by conciliation? Explain how to resolve an
industrial dispute statutorily.
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Design & Develop Warranties and Guarantees Card for TV Manufacturing company to their
customers as per law.
8
2
Why Corporate Governance is important? Justify
3
What are the provisions of the Factories Act, the 1948 with regard to appointment of
welfare officers? What is the required qualification and what are their duties?
4
X, a temporary employee drawing a salary of Rs 3000 per month, in an establishment to
which the payment of bonus act, 1965 applies was prevented by the employees from working
in the establishment for the two months during the financial year 2001 -2002, pending certain
inquiry. Since there were no adverse findings X was re-instated in service, later, when the
bonus was to be paid to other employees, the employers, the employers refuse to pay bonus
to X, Even though he has worked for the remaining ten months in the year.
Question: Referring to the provisions of the payment of Bonus Act 1965, Examine the
validity of employer refusal to pay bonus to X.
UNIT ? IV- CORPORATE TAX AND GST
Corporate Tax Planning, Income Tax, Goods and Services Tax ? Introduction, Objective, Classification
and practical implications of GST.
PART- A
S.NO QUESTIONS BT LEVEL COMPETENCE
1
Categorize the corporate tax planning.
Level 1 Remembering
2
Classify the Types of Assesse.
Level 2 Understanding
3 Define previous year and income. Level 3 Applying
4
What is Tax planning?
Level 4 Analysing
5
Define Tax Evasion.
Level 5 Evaluating
6 What are the needs for corporate Tax planning? Level 6 Creating
7 What is Income Tax? Level 1 Remembering
8
What do you mean by direct Tax?
Level 2 Understanding
9
Write a short note on Indirect Tax.
Level 3 Applying
10 State the objectives of Tax planning. Level 4 Analysing
11
Mention the different types of GST.
Level 5 Evaluating
12
List out the taxes replaced by SGST.
Level 6 Creating
13
What is mean by CGST?
Level 1 Remembering
14
Compare Income Tax and GST.
Level 2 Understanding
15
What is the difference between SGST and CGST?
Level 3 Applying
16
Outline the concept of GST.
Level 4 Analysing
17
Identify the Scope of GST.
Level 1 Remembering
9
18 What are the various objectives of GST? Level 2 Understanding
19
Who is a casual trader under TNGST Act 1959?
Level 1 Remembering
20
How would you describe the practical implications of
GST?
Level 1 Remembering
PART- B
S.NO QUESTIONS BT LEVEL COMPETENCE
1
i)What is direct and indirect tax? ( 3 Marks)
ii) How would you describe Characteristics of income tax?
( 10 Marks)
Level 1 Remembering
2 What is Corporate Tax Planning? Enumerate its objectives. Level 2 Understanding
3 Enumerate the different types of GST. Level 3 Applying
4 Explain briefly Genesis of GST in India Level 4 Analysing
5
How will GST affect the Indian economy and consumer
experience?
Level 5 Evaluating
6. List the documents under GST act. Level 6 Creating
7 Define GST .Explain the main features of GST? Level 1 Remembering
8 Discuss the myths about GST. Level 2 Understanding
9 Elaborate the main features of GST. Level 3 Applying
10 What are the main economic implications of GST in India? Level 4 Analysing
11 How would you describe disadvantages of GST? Level 1 Remembering
12
What is corporate tax planning? Explain the drawbacks in
the existing system of sales Tax.
Level 2 Understanding
13
What motive is there behind GST? Explain in detail the
benefits of GST?
Level 4 Analysing
14
i)How would you describe tax avoidance and tax evasion?
( 8 Marks)
ii) How would you explain the necessity and factors of tax
planning? (5marks).
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Godha Engineering works specialize in the installation of heating and air conditioning
equipment in a metropolitan area of about one million people. Although the company usually
installs nationally known equipment, it engages in limited manufacturing of certain
10
components needed for commercial installation. Since it was established some forty years ago,
the company had earned a reputation for quality work.
Prabhu Lal has been with the company as sales representative for two years. During this
period he believes that the company has missed a number of opportunities to obtain lucrative
contracts because of commercial installations, he does not have the authority to mark any
decision or commitments during preliminary contract negotiations. He has to postpone
discussion of price, completion time and credit terms until after each of the technical expects
in these areas has studied the job and made formal commitments. By this time, some
competing firm already completes negotiations and gets the contract. Lal considers this a
continuing problem and feels hampered.
Questions:
i) In what respects do you think Lal is justified or not justified in his compliant? (8 Marks)
ii) What can be done on a company ? wide basis to improve the situation? (7 Marks)
2
The caselet discusses about the apprehensions of different sections of the society regarding
implementation of VAT in India. It explains the scenario in India after the implementation of
VAT. It also explains how VAT system of taxation is different from the earlier system of
taxation in India. It specifically emphasizes on the efficacy of VAT in India.
Issues:
? Apprehensions regarding implementation of VAT in India.
? Can VAT replace central sales tax in India?
? Benefits of VAT to various sections of the society.
Introduction
Value Added Tax (VAT) came into effect in India on April 1, 2005. The first few days of its
implementation saw protests from different sections of society. Even after two months of
implementation of VAT, traders are worried and confused over whether they have to pay
more tax; consumers are afraid that they will have to pay higher prices for commodities; and
companies are unsure of whether they stand to gain or lose.
Certain states in India which have implemented VAT and those which are yet to take it up
have a common concern ? whether there will be an increase in prices of products after
implementation of the new tax system. There are thus a lot of misconceptions and
misinterpretations regarding VAT...
Questions for Discussion:
i). Suggest ways to effectively implement the VAT system in India. . (8 marks)
ii). Do you think implementation of the VAT system would result in an increase in prices of
commodities? (7 marks)
3
Explain the tax exemptions that an individual investor can apply for a better tax management.
4 VAT ? How this is calculated for product in each stage, explain with example and calculation.
UNIT ? V- CONSUMER PROTECTION ACT AND INTRODUCTION OF CYBER LAWS
Consumer Protection Act ? Consumer rights, Right to Information Act, Procedures for Consumer
grievances redressal, Types of consumer Redressal Machineries and Forums- Competition Act 2002 -
11
Cybercrimes, IT Act 2000 and 2002, Cyber Laws, Introduction of IPR ? Copy rights, Trade marks,
Patent Act.
PART- A
S.NO QUESTIONS BT LEVEL COMPETENCE
1
Define the following terms according to Consumer
Protection Act 1986;
a). Consumer
b). Consumer Dispute.
Level 1 Remembering
2
Compare RTPs and UTPs.
Level 2 Understanding
3
What is service as per Consumer Protection Act?
Level 3 Applying
4
Categorize the Redressal forum for Consumer Protection
Act?
Level 4 Analysing
5 Define Trade mark Level 5 Evaluating
6
Interpret who is not a consumer?
Level 6 Creating
7
Define consumer dispute.
Level 1 Remembering
8
What is a restrictive trade practice as per the consumer
protection Act, 1986?
Level 2 Understanding
9 Identify features of the Competition Act. Level 3 Applying
10
Analyze who can file complaint under the Consumer
Protection Act.
Level 4 Analysing
11
What do you mean by Copy right?
Level 5 Evaluating
12
Interpret documents for filling complaint.
Level 6 Creating
13
List the salient objectives of Information Technology Act
2000
Level 1 Remembering
14
Outline the concepts of Cybercrime.
Level 2 Understanding
15 Identify the Scope of digital signature certificate. Level 3 Applying
16 What are the various objectives of having cyber law? Level 4 Analysing
17
Define copy rights, trademarks and patent act.
Level 1 Remembering
18 Categorize the Methods of VAT. Level 2 Understanding
19
Define cybercrime and cyber law.
Level 1 Remembering
20 Define IPR. Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Examine the right of a Consumer enshrined under the
Consumer Protection Act, 1986.
Level 1 Remembering
FirstRanker.com - FirstRanker's Choice
1
(AN
?
DEPARTMENT OF MANAGEMENT STUDIES
QUESTION BANK
I SEMESTER
1915104 ? of
Regulation ? 2019
Academic Year 2019 - 2020
Prepared by
Mr.S.Raja - Asst. Professor / MBA
Mrs.V.Selva Lakshmi- Asst. Professor / MBA
2
(AN
?
DEPARTMENT OFMANAGEMENT STUDIES
QUESTION BANK
SUBJECT : 1915104- of
SEM / YEAR: I Semester / I Year
UNIT ? I ? THE INDIAN CONTRACT ACT
Definition of contract, essentials elements and types of a contract, Formation of a contract, performance
of contracts, breach of contract and its remedies, Quasi contracts - Contract Of Agency: Nature of
agency, Creation and types of agents, Authority and liability of Agent and principal: Rights and duties
of principal and agents, termination of agency.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Define Law
Level 1 Remembering
2
Compare law & Mercantile law
Level 2 Understanding
3 What is the scope of Mercantile Law? Level 3 Applying
4
Define the term Contract.
Level 4 Analysing
5
What are the essentials of a valid Contract?
Level 5 Evaluating
6
How would you substantiate whether agreement became
contract?
Level 6 Creating
7 List the types of contracts Level 1 Remembering
8
What is a voidable contract?
Level 2 Understanding
9
What is an offer or proposal?
Level 3 Applying
10 How an offer is made? Level 4 Analysing
11
List out the Legal rules for a valid offer.
Level 5 Evaluating
12
What do you understand by the term ?performance of
contract??
Level 6 Creating
13
Define Quasi contracts.
Level 1 Remembering
14
What do you mean by discharge of Contract?
Level 2 Understanding
15 What is meant by breach of Contract? Level 3 Applying
3
16
Define Agent.
Level 4 Analysing
17
Who may be an Agent?
Level 1 Remembering
18 List out the essentials of agency. Level 2 Understanding
19 How a sub-agent is properly appointed? Level 1 Remembering
20
When a termination of agency occurs?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
i). Define Law & Contract (5Marks)
ii). How would you describe the essential elements of contract?
Level 1 Remembering
2
What is an ?Acceptance? Explain the legal rules regarding a valid
acceptance as per Indian contract act.
Level 2 Understanding
3 Distinguish between an offer and an invitation. Level 3 Applying
4
What do you mean by discharge of contract? Discuss the various
modes by which it may be Discharged.
Level 4 Analysing
5
State briefly the provisions of the contract act relating to the
devolution of joint rights and liabilities.
Level 5 Evaluating
6. Identify the breach of contract and its remedies with suitable example. Level 6 Creating
7
Distinguish between actual breach and anticipatory breach of
contract?
Level 1 Remembering
8
State the difference between contract and Quasi Contract.
Level 2 Understanding
9
When does a contract terminate by operation of law?
Level 3 Applying
10
Why do you think about Quasi contracts? Classify the types of Quasi
Contracts.
Level 4 Analysing
11
i). Discuss the creation of agency in detail. (8marks).
ii). Elaborate the different types of agents. (5marks).
Level 1 Remembering
12
i). Evaluate the Authority and Liability of Agent and Principle in
detail. (8marks).
ii). Elaborate the different types of Agents. (5Marks).
Level 2 Understanding
13 Describe the various modes by which an agency may be terminated? Level 4 Analysing
14
In what way may a contract of agency be terminated by act of the
parties? When is an agency irrevocable? Explain.
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Ragavi bought synthetic pearls from shop Aesthetics; A women?s shop? thinking that they were
natural pearls. The pearls were hung on stands with prices written on them. The customer could
choose whatever she wanted. The seller knew that Ragavi was mistaken, but he did not correct
4
her misimpression, now. Ragavi wants to return to return the pearls and claims the refund of
her money. Consider the following variations of the above case.
i). The shop had a board saying ?Aesthetics; A woman?s shop for Authentic jewellery?
ii). Ragavi had asked the shop keeper if the pearls were natural and he had said yes.
iii). The selection in the shop, from where Ragavi picked up her purchase had the word pearls
written on the shelf.
iv). There had been a law which required that the sale of imitation jewellery should carry a
declaration that the items were imitations; and the shop had made no declaration to this effect.
2
Examine the grounds on which a paying banker may dishonor the Cheque of a customer.
3
Draw the special rule of Cheque & types of crossing.
4
?B? offered to sell his car to A for Rs.95000.A accepts to purchase it for Rs.95,000.B refused to
sell the car Rs.94,500.Subsequently A agrees to purchase the car for Rs.95000 but B refused to
sell the car. A sues B for the specific performance of the contract. Will he succeed?
UNIT ? II ?THE SALE OF GOODS ACT 1930
Nature of Sales contract, Documents of title, risk of loss, Guarantees and Warranties, performance of
sales contracts, conditional sales and rights of an unpaid seller ? Negotiable Instruments Act 1881:
Nature and requisites of negotiable instruments. Types of negotiable instruments, liability of parties,
holder in due course, special rules for Cheque and drafts, discharge of negotiable instruments-GST
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1 Define a contract of sale. Level 1 Remembering
2 Compare sale and agreement to cell. Level 2 Understanding
3
Distinguish between specific and unascertained goods.
Level 3 Applying
4 List out the difference sale and hire purchase. Level 4 Analysing
5 What is Warranty? Level 5 Evaluating
6
State the difference between condition and warranty.
Level 6 Creating
7
When can a breach of condition be treated as a breach of
warranty?
Level 1 Remembering
8 Compare condition and warranty in sales contract. Level 2 Understanding
9 Brief the performance of Sales Contracts. Level 3 Applying
10
How contract of sale is made?
Level 4 Analysing
11
What are the implied conditions in a contract of sale of goods
by a sample?
Level 5 Evaluating
12 What is possession of goods? Level 6 Creating
13 Define the term Delivery. Level 1 Remembering
14
Who is an unpaid seller?
Level 2 Understanding
5
15
List out the remedies available to seller.
Level 3 Applying
16
State any two differences between a Cheque and a bill of
exchange.
Level 4 Analysing
17 Classify the types of Negotiable Instrument. Level 1 Remembering
18
Define Negotiation.
Level 2 Understanding
19
What is GST?
Level 1 Remembering
20
What are the benefits of GST?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Explain the difference between a contract of sale and an agreement to
sell. When does an agreement to sell ripen into sale?
Level 1 Remembering
2
Define sales of goods. Write the classification of goods & documents
of title?
Level 2 Understanding
3 Compare contingent contract and wagering agreements. Level 3 Applying
4
List the main characteristics for delivery of goods & modes of
delivery.
Level 4 Analysing
5
How is contract of sale made? State briefly the necessary formalities
of such a contract with examples.
Level 5 Evaluating
6.
Define the term ?warranty?. Explain and illustrate the implied
warranties in a contract sale as provided in the sale of Goods Act,
1930.
Level 6 Creating
7
Enumerate the rights and duties of a seller in respect of the sale of
Goods.
Level 1 Remembering
8
Define an unpaid seller. What are the rights of an unpaid seller?
Level 2 Understanding
9
Explain detail about implied conditions.
Level 3 Applying
10
What are the essential features of Negotiable Instrument? Define
Negotiable Instrument.
Level 4 Analysing
11
Who can cross a Cheque? What is the difference between a general
crossing and special crossing?
Level 1 Remembering
12
Discuss the Discharge of negotiable instruments in detail.
Level 2 Understanding
13 ?India?s GST structure is Complex? Discuss. Level 4 Analysing
14 Why does India need GST? Explain in detail. Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
?In a contract for the sale of goods, there is implied conditions or warranty as to the quality of
goods or their fitness for any particular purpose?. Comment.
6
2
?Delivery of goods and payments of their price are the concurrent conditions? Elucidate.
3
A agrees to sell to B 10 bags of wheat kalian (superior) out of 100 bags lying in his go down
for Rs6500. the wheat is completely destroyed by fire. can B compel A to supply the wheat
as per agreement?
4
?A Cheque is a specie of a bill of exchange with two additional qualifications.? Explain.
UNIT ? III ? COMPANY LAW AND INDUSTRIAL LAW
Major principles ? Nature and types of companies, Formation, Memorandum and Articles of Association,
Prospectus, Power, duties and liabilities of Directors, winding up of companies, Corporate Governance.
Over view of factories act. - Industrial Disputes Act-Strike, Layoff, Retrenchment, Lockout- Redressal
Mechanism.
PART- A
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
What is foreign company?
Level 1 Remembering
2
What is memorandum of Association?
Level 2 Understanding
3
What are the contents of Articles of Association of a Company?
Level 3 Applying
4
Classify the types of prospectus.
Level 4 Analysing
5
How doctrine of ultra-virus is used?
Level 5 Evaluating
6
Interpret the objectives of Prospectus.
Level 6 Creating
7
Define ?Duty not to delegate?.
Level 1 Remembering
8
What are the various types of Companies?
Level 2 Understanding
9
What are the powers and duties of directors?
Level 3 Applying
10
List the power of official liquidator.
Level 4 Analysing
11
Interpret the importance of appointment of liquidators.
Level 5 Evaluating
12
What is winding up of companies?
Level 6 Creating
13
When is a person disqualified for appointment as a director of
a company?
Level 1 Remembering
14
What are the objectives of Factories Act 1948?
Level 2 Understanding
15
Give any three objectives of Factories Act?
Level 3 Applying
16
Define ?Industry? in industrial disputes Act?
Level 4 Analysing
17
What is strike?
Level 1 Remembering
18
What is Lay -off?
Level 2 Understanding
7
19
Distinguish lay-off and lock out.
Level 1 Remembering
20
What is Retrenchment?
Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
i) Describe the Nature of company? ( 8 marks)
ii) How would you explain the types of companies? ( 5 marks)
Level 1 Remembering
2
i) How would you show your understanding on the contents of
prospectus? ( 5 marks)
ii) What would be the result of issuing a prospectus by the
company? (8marks)
Level 2 Understanding
3 Distinguish between Memorandum and Articles of Association. Level 3 Applying
4
i).What is MOA and AOA? (5marks)
ii).Explain the contents of MOA of a company.(8 marks)
Level 4 Analysing
5
How would you describe the primary documents of
Incorporation?
Level 5 Evaluating
6.
Compare member winding up and creditors winding up of
companies.
Level 6 Creating
7
What is Prospectus as per companies Act 1956? Explain the
liability foe misstatements in the prospectus of a registered
company.
Level 1 Remembering
8
What is winding up? Describe the grounds for compulsory
winding up a company.
Level 2 Understanding
9
i).What is ?Factory? as per the factories Act, 1948? (3Marks)
ii).Explain any five provisions of the Factories Act, 1948
regarding safety of Workers. (10 marks).
Level 3 Applying
10
i)Define industry disputes.( 3 marks)
ii)How would you explain the industry disputes types & causes of
it?(10 marks)
Level 4 Analysing
11
What is strike under Industrial Dispute Act? What are the Common
Reasons for Strike
Level 1 Remembering
12 Explain in detail about the types of strikes. Level 2 Understanding
13
i) What is lay off? What are its essentials as per the Industrial
Disputes Act, 1947? (6 marks).
ii) Point out the difference between lock out and closure.
(7marks).
Level 4 Analysing
14
What is meant by conciliation? Explain how to resolve an
industrial dispute statutorily.
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Design & Develop Warranties and Guarantees Card for TV Manufacturing company to their
customers as per law.
8
2
Why Corporate Governance is important? Justify
3
What are the provisions of the Factories Act, the 1948 with regard to appointment of
welfare officers? What is the required qualification and what are their duties?
4
X, a temporary employee drawing a salary of Rs 3000 per month, in an establishment to
which the payment of bonus act, 1965 applies was prevented by the employees from working
in the establishment for the two months during the financial year 2001 -2002, pending certain
inquiry. Since there were no adverse findings X was re-instated in service, later, when the
bonus was to be paid to other employees, the employers, the employers refuse to pay bonus
to X, Even though he has worked for the remaining ten months in the year.
Question: Referring to the provisions of the payment of Bonus Act 1965, Examine the
validity of employer refusal to pay bonus to X.
UNIT ? IV- CORPORATE TAX AND GST
Corporate Tax Planning, Income Tax, Goods and Services Tax ? Introduction, Objective, Classification
and practical implications of GST.
PART- A
S.NO QUESTIONS BT LEVEL COMPETENCE
1
Categorize the corporate tax planning.
Level 1 Remembering
2
Classify the Types of Assesse.
Level 2 Understanding
3 Define previous year and income. Level 3 Applying
4
What is Tax planning?
Level 4 Analysing
5
Define Tax Evasion.
Level 5 Evaluating
6 What are the needs for corporate Tax planning? Level 6 Creating
7 What is Income Tax? Level 1 Remembering
8
What do you mean by direct Tax?
Level 2 Understanding
9
Write a short note on Indirect Tax.
Level 3 Applying
10 State the objectives of Tax planning. Level 4 Analysing
11
Mention the different types of GST.
Level 5 Evaluating
12
List out the taxes replaced by SGST.
Level 6 Creating
13
What is mean by CGST?
Level 1 Remembering
14
Compare Income Tax and GST.
Level 2 Understanding
15
What is the difference between SGST and CGST?
Level 3 Applying
16
Outline the concept of GST.
Level 4 Analysing
17
Identify the Scope of GST.
Level 1 Remembering
9
18 What are the various objectives of GST? Level 2 Understanding
19
Who is a casual trader under TNGST Act 1959?
Level 1 Remembering
20
How would you describe the practical implications of
GST?
Level 1 Remembering
PART- B
S.NO QUESTIONS BT LEVEL COMPETENCE
1
i)What is direct and indirect tax? ( 3 Marks)
ii) How would you describe Characteristics of income tax?
( 10 Marks)
Level 1 Remembering
2 What is Corporate Tax Planning? Enumerate its objectives. Level 2 Understanding
3 Enumerate the different types of GST. Level 3 Applying
4 Explain briefly Genesis of GST in India Level 4 Analysing
5
How will GST affect the Indian economy and consumer
experience?
Level 5 Evaluating
6. List the documents under GST act. Level 6 Creating
7 Define GST .Explain the main features of GST? Level 1 Remembering
8 Discuss the myths about GST. Level 2 Understanding
9 Elaborate the main features of GST. Level 3 Applying
10 What are the main economic implications of GST in India? Level 4 Analysing
11 How would you describe disadvantages of GST? Level 1 Remembering
12
What is corporate tax planning? Explain the drawbacks in
the existing system of sales Tax.
Level 2 Understanding
13
What motive is there behind GST? Explain in detail the
benefits of GST?
Level 4 Analysing
14
i)How would you describe tax avoidance and tax evasion?
( 8 Marks)
ii) How would you explain the necessity and factors of tax
planning? (5marks).
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
Godha Engineering works specialize in the installation of heating and air conditioning
equipment in a metropolitan area of about one million people. Although the company usually
installs nationally known equipment, it engages in limited manufacturing of certain
10
components needed for commercial installation. Since it was established some forty years ago,
the company had earned a reputation for quality work.
Prabhu Lal has been with the company as sales representative for two years. During this
period he believes that the company has missed a number of opportunities to obtain lucrative
contracts because of commercial installations, he does not have the authority to mark any
decision or commitments during preliminary contract negotiations. He has to postpone
discussion of price, completion time and credit terms until after each of the technical expects
in these areas has studied the job and made formal commitments. By this time, some
competing firm already completes negotiations and gets the contract. Lal considers this a
continuing problem and feels hampered.
Questions:
i) In what respects do you think Lal is justified or not justified in his compliant? (8 Marks)
ii) What can be done on a company ? wide basis to improve the situation? (7 Marks)
2
The caselet discusses about the apprehensions of different sections of the society regarding
implementation of VAT in India. It explains the scenario in India after the implementation of
VAT. It also explains how VAT system of taxation is different from the earlier system of
taxation in India. It specifically emphasizes on the efficacy of VAT in India.
Issues:
? Apprehensions regarding implementation of VAT in India.
? Can VAT replace central sales tax in India?
? Benefits of VAT to various sections of the society.
Introduction
Value Added Tax (VAT) came into effect in India on April 1, 2005. The first few days of its
implementation saw protests from different sections of society. Even after two months of
implementation of VAT, traders are worried and confused over whether they have to pay
more tax; consumers are afraid that they will have to pay higher prices for commodities; and
companies are unsure of whether they stand to gain or lose.
Certain states in India which have implemented VAT and those which are yet to take it up
have a common concern ? whether there will be an increase in prices of products after
implementation of the new tax system. There are thus a lot of misconceptions and
misinterpretations regarding VAT...
Questions for Discussion:
i). Suggest ways to effectively implement the VAT system in India. . (8 marks)
ii). Do you think implementation of the VAT system would result in an increase in prices of
commodities? (7 marks)
3
Explain the tax exemptions that an individual investor can apply for a better tax management.
4 VAT ? How this is calculated for product in each stage, explain with example and calculation.
UNIT ? V- CONSUMER PROTECTION ACT AND INTRODUCTION OF CYBER LAWS
Consumer Protection Act ? Consumer rights, Right to Information Act, Procedures for Consumer
grievances redressal, Types of consumer Redressal Machineries and Forums- Competition Act 2002 -
11
Cybercrimes, IT Act 2000 and 2002, Cyber Laws, Introduction of IPR ? Copy rights, Trade marks,
Patent Act.
PART- A
S.NO QUESTIONS BT LEVEL COMPETENCE
1
Define the following terms according to Consumer
Protection Act 1986;
a). Consumer
b). Consumer Dispute.
Level 1 Remembering
2
Compare RTPs and UTPs.
Level 2 Understanding
3
What is service as per Consumer Protection Act?
Level 3 Applying
4
Categorize the Redressal forum for Consumer Protection
Act?
Level 4 Analysing
5 Define Trade mark Level 5 Evaluating
6
Interpret who is not a consumer?
Level 6 Creating
7
Define consumer dispute.
Level 1 Remembering
8
What is a restrictive trade practice as per the consumer
protection Act, 1986?
Level 2 Understanding
9 Identify features of the Competition Act. Level 3 Applying
10
Analyze who can file complaint under the Consumer
Protection Act.
Level 4 Analysing
11
What do you mean by Copy right?
Level 5 Evaluating
12
Interpret documents for filling complaint.
Level 6 Creating
13
List the salient objectives of Information Technology Act
2000
Level 1 Remembering
14
Outline the concepts of Cybercrime.
Level 2 Understanding
15 Identify the Scope of digital signature certificate. Level 3 Applying
16 What are the various objectives of having cyber law? Level 4 Analysing
17
Define copy rights, trademarks and patent act.
Level 1 Remembering
18 Categorize the Methods of VAT. Level 2 Understanding
19
Define cybercrime and cyber law.
Level 1 Remembering
20 Define IPR. Level 1 Remembering
PART- B
S.NO QUESTIONS
BT
LEVEL
COMPETENCE
1
Examine the right of a Consumer enshrined under the
Consumer Protection Act, 1986.
Level 1 Remembering
12
2
What constitutes consumer complaint? How to file a complaint
as per consumer protection Act?
Level 2 Understanding
3
i)How would you use of Consumer grievance redressal? ( 3
Marks)
ii) How would you show your understanding on procedure for
Consumer grievance redressal? (10marks).
Level 3 Applying
4
Explain the composition of District Consumer Disputes
Redressal Forum. What procedure is followed by it after
receiving a complaint?
Level 4 Analysing
5
Discuss the composition, functions and jurisdictions of Forum
and commission for redressal of consumer disputes.
Level 5 Evaluating
6.
i) Evaluate the Competition Act in detail. ( 8 Marks)
ii) Explain the importance of Competition Act in detail. (5
Marks)
Level 6 Creating
7 What is Consumer redressal mechanism? Level 1 Remembering
8
Contrast the objectives and features of Information Technology
Act 2000.
Level 2 Understanding
9
Construct factors contributing to cybercrime and prevention of
it.
Level 3 Applying
10 List the types of cybercrimes in detail. Level 4 Analysing
11
i) How would you summarize the categories of IPR? (8marks)
ii) Define IPR, Patent Right. ( 5 Marks)
Level 1 Remembering
12
What is meant by Copy rights? Explain in detail about Indian
Copy Rights Act 1957.
Level 2 Understanding
13
Explain various types of cyber crime according to Information
Technology Act 2000.
Level 4 Analysing
14
i) Enumerate Patent Act. ( 3 Marks)
ii) Explain the characteristics and necessity of Patent Act.. ( 10
Marks)
Level 1 Remembering
PART ? C
S.NO QUESTIONS
1
"Consumer Protection Act and Consumer movements in India have reached the best
destination"-Discuss
2
Has the Information Technology Act been Successful in Curbing the offences under the Act?
Comment.
3
Describe briefly the procedure for registration of trademarks, copy rights and patents
4
Explain the types of cybercrime impacts the activities and the role of I.T Act in
governing cybercrimes.
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This post was last modified on 29 February 2020