Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Fundamentals of Business Laws and Business CommunicationsTotal Number of Question: 40Time: 41 MinutesPlease check your email after completion of test for result.All the best... Name Phone No Email State 1. A contract signed under coercion is: Voidable at the option of the coercer Void Valid Voidable at the option of the victim None 2. Which of the following is an example of a unilateral contract? A partnership agreement A contract for the sale of goods A reward contract A contract for hire None 3. Which of the following contracts is legally binding? A contract for the sale of goods between two minors A contract for the sale of a house between a minor and an adult A contract for the sale of goods with no consideration A contract for the sale of goods made by an adult and a minor for a legal purpose None 4. Under the Sale of Goods Act, the "condition" is: A minor term A major term essential to the contract A penalty clause A warranty None 5. In case of a contract of sale, what is the seller's duty? To deliver the goods in good condition To ensure the buyer is satisfied with the goods To bear the cost of transportation To return the goods if the buyer is unhappy None 6. Which of the following is not a feature of a partnership? Mutual agency Profit-sharing Unlimited liability Limited capital None 7. In case of a breach of contract, what remedy is available for the aggrieved party? Rescission Damages Specific performance All of the above None 8. The term "Agency by necessity" refers to: Agency created without consent Agency formed in case of emergency Agency formed by written contract Agency created by estoppel None 9. The contract of bailment is defined under which Act? Indian Contract Act, 1872 Sale of Goods Act, 1930 Indian Partnership Act, 1932 Negotiable Instruments Act, 1881 None 10. Which of these is not an essential condition for a valid contract? Lawful consideration Written agreement Free consent Capacity to contract None 11. Which of the following is a valid contract under the Indian Contract Act, 1872? A contract with a minor A contract based on coercion A contract with an insane person A contract made by an adult with free consent None 12. The Sale of Goods Act defines "goods" as: Every movable property except actionable claims Every tangible property Property for future sale Goods that have a permanent value None 13. Which of the following is the correct meaning of "frustration of contract"? A party decides not to perform the contract An unforeseen event renders the contract impossible to perform A contract is terminated by mutual consent A party agrees to alter the terms of the None 14. Which of the following is an example of an agreement that is not enforceable by law? A contract made by a person of sound mind A contract made with a minor A contract made for a lawful purpose A contract with free consent None 15. Under the Sale of Goods Act, which of the following is not considered a warranty? Right to quiet possession Condition of the goods Implied fitness for purpose Title to the goods None 16. Which of the following is an example of a non-verbal communication channel? Face-to-face communication Emails Memos Telephone calls None 17. Which of these best describes a "barrier to communication"? Anything that hinders the process of communication The message being sent The feedback received The communication medium used None 18. Which of the following is an example of horizontal communication? Manager giving instructions to a subordinate Employees discussing a project with each other Subordinate giving feedback to the manager Customer interacting with a company None 19. Which communication medium is considered most effective for formal communication? Telephone calls Written communication (emails, letters) Grapevine Social media None 20. Which of the following best describes "active listening"? Listening passively without interruption Listening with the intent to judge or criticize Listening attentively and responding appropriately Listening without feedback None 21. Which of these is a common barrier to effective communication? Cultural differences Appropriate tone of voice Clear message Positive feedback None 22. What does the term "paralanguage" refer to in communication? The use of non-verbal cues The actual content of the message The tone, pitch, and speed of speech The medium of communication None 23. Which of these is NOT an advantage of written communication? Clear record of the message Lack of face-to-face interaction Can be read multiple times Can be passed on to others None 24. Which of the following is a formal communication channel? Grapevine Office memo Casual chat Informal emails None 25. Which of the following is true regarding a contract made under undue influence? It is voidable at the discretion of the affected party It is void from the beginning It is enforceable by the court It is automatically void None 26. In a contract of sale, "consideration" refers to: The price paid for the goods The conditions under which goods are delivered The promises made by both parties The documents exchanged None 27. Which of these is a feature of an executed contract? The contract is partially performed Both parties have performed their obligations The contract is voidable None of the above None 28. Which of the following is NOT a type of contract under the Indian Contract Act? Executed contract Executory contract Quasi-contract Conditional contract None 29. A contract signed by a person who is mentally incapacitated is: Voidable at the discretion of the other party Void from the beginning Valid if both parties agree Enforceable by the guardian None 30. Which of the following is a characteristic of a valid contract of sale? Transfer of ownership of goods Transfer of possession of goods only No transfer of ownership required The buyer and seller must be relatives None 31. Which of the following best describes "feedback" in communication? The initial message A response or reaction to the message A barrier to communication A form of non-verbal communication None 32. Which of these is a method of improving communication in an organization? Ignoring feedback Reducing formal communication channels Clarifying the message and reducing noise Relying solely on written communication None 33. Which of the following is NOT a reason for using written communication in business? To have a permanent record of communication To convey complex information clearly To ensure immediate response To provide official documentation None 34. Which of the following is an essential component of the communication process? Sender Message Receiver All of the above None 35. The KISS principle in communication stands for: Keep It Simple and Short Keep It Short and Simple Keep It Smart and Safe Keep It Silent and Secure None 36. Which of the following is an example of external communication? Employee to manager Customer feedback to company Staff meeting Intranet communication None 37. Which type of listening is used when the listener is trying to understand the speaker's emotions? Critical listening Empathetic listening Appreciative listening Passive listening None 38. Which of the following is an example of non-verbal communication? Writing an email Speaking on the phone Nodding your head Sending a text message None 39. In the communication process, "decoding" refers to: Writing the message Understanding and interpreting the message Sending the message Providing feedback to the sender None 40. Which of the following is a disadvantage of informal communication? Can lead to rumors or incorrect information Faster information dissemination Builds strong relationships Reduces misunderstandings None 1 out of 4 Great job on taking the INCOC Test! We appreciate your interest in test.Look out for results and future opportunities.Stay Connected !! Your quiz time is about to finish. Few seconds left. 1 2 3 4 Time's upYou cannot switch tabs while taking this quiz!You are not allowed to switch tabs violation has been recorded.you cannot minimize full screen mode!You are not allowed to minimize full screen while taking this quiz, violation has been recorded.Access denied! To begin the quiz, please grant this quiz access to your camera.Time is Up!Time is Up!
