Welcome to your International Navodaya Chamber of Commerce (INCOC) Platform ! Subject: Business Laws and Ethics Total Number of Question: 40 Time: 41 Minutes Please check your email after completion of test for result. All the best... Name Phone No Email Area Pin Code 1. Which ethical principle focuses on avoiding harm? Justice Non-Maleficence Beneficence Autonomy None 2. Which of the following is a feature of ethical behavior? Following personal biases Respecting others’ rights Ignoring fairness Promoting discrimination None 3. What is "Insider Trading"? Buying shares in bulk Trading on confidential information for personal gain Selling shares to foreign investors Trading with multiple brokers None 4. Which of the following is NOT a benefit of Corporate Social Responsibility (CSR)? Enhanced public image Increased stakeholder trust Reduced compliance requirements Improved employee satisfaction None 5. Ethical leadership is primarily based on: Dictatorship Personal integrity Financial gains Political influence None 6. Which of the following best defines "Business Ethics"? The principles and standards guiding business behavior Maximizing profits Avoiding taxes Fulfilling all legal requirements None 7. Which of the following is an unethical practice in HR management? Discrimination in hiring Offering fair compensation Providing equal opportunities Respecting employee privacy None 8. Ethical issues in environmental responsibility include: Overpricing products Pollution control Ignoring customer feedback Selling non-essential goods None 9. Which ethical principle requires truthfulness and honesty? Integrity Fidelity Justice Non-Maleficence None 10. An ethical decision-making process should include: Ignoring legal requirements Evaluating the impact on stakeholders Maximizing personal benefits Avoiding consultation with experts None 11. What is the meaning of "Novation" under the Indian Contract Act, 1872? Creation of a new contract Termination of a contract Assignment of a contract Breach of a contract None 12. Under the Companies Act, 2013, what is the quorum for a meeting of a public company with more than 5,000 members? 5 members 10 members 30 members 50 members None 13. Which type of resolution is required to alter the Articles of Association? Ordinary resolution Special resolution Unanimous resolution Mandatory resolution None 14. What is "Doctrine of Privity of Contract"? Only parties to a contract can sue or be sued A contract is valid even without consideration A contract can be enforced by third parties A contract must be in writing None 15. Which section of the Companies Act, 2013 mandates annual return filing? Section 92 Section 134 Section 110 Section 173 None 16. What is the meaning of "Free Consent" under the Indian Contract Act, 1872? Consent not influenced by fraud or coercion Consent given under duress Consent obtained through threats Consent without legal consequences None 17. A minor can become a partner in a firm under the Indian Partnership Act, 1932: With equal rights as other partners For profits only For losses only As a dormant partner None 18. Which of the following is NOT a valid mode of discharge of a contract? Performance Impossibility Breach Duress None 19. Under the Negotiable Instruments Act, 1881, a cheque is valid for: 3 months 6 months 1 year No expiry None 20. Which of the following does NOT lead to the termination of a partnership? Death of a partner Expiry of the term of partnership Bankruptcy of a partner Admission of a new partner None 21. Under the Indian Contract Act, 1872, which of the following is NOT a valid contract? A contract with free consent A contract with lawful consideration A contract made for an illegal purpose A contract between competent parties None 22. Which section of the Companies Act, 2013 defines "One Person Company"? Section 2(62) Section 2(20) Section 3(1) Section 12 None 23. Which of the following is NOT a feature of the Memorandum of Association? It is a public document It defines the scope of activities of the company It can be altered without any formalities It is prepared during incorporation None 24. What is the maximum validity period of a proxy in a company meeting? 24 hours 48 hours 1 month 3 months None 25. Under the Negotiable Instruments Act, 1881, which of the following is a Promissory Note? A document promising a service An acknowledgment of debt payable on demand or after a fixed period A guarantee for a loan A letter of credit None 26. Which of the following is NOT an exception to the rule "No consideration, no contract"? Natural love and affection Compensation for voluntary services Promise to pay a time-barred debt Fraudulent misrepresentation None 27. Which section of the Companies Act, 2013 specifies the filing of financial statements with the Registrar? Section 129 Section 130 Section 134 Section 137 None 28. Under the Indian Contract Act, 1872, contracts for personal services are: Always valid Voidable at the option of the employee Specifically unenforceable Enforceable by law None 29. Which type of company is required to appoint a company secretary mandatorily? Private company Small company Listed company Sole proprietorship None 30. What is the limitation period for filing a suit for breach of contract? 1 year 2 year 3 year 5 year None 31. Which of the following is NOT an example of professional ethics? Transparency Confidentiality Discrimination Integrity None 32. Which ethical theory focuses on the "rights of individuals"? Utilitarianism Deontology Virtue Ethics Egoism None 33. An ethical audit in an organization is conducted to: Reduce taxes Improve ethical practices Identify competitors Create profit strategies None 34. Which of the following is an ethical issue related to marketing? False claims in advertisements Sustainable packaging Transparency in pricing Conducting surveys None 35. Which principle of ethics deals with “doing good”? Justice Beneficence Non-Maleficence Autonomy None 36. Which of the following is an example of ethical behavior in leadership? Leading by example Focusing solely on profits Ignoring employee welfare Withholding critical information None 37. What is the first step in ethical decision-making? Evaluate alternatives Identify the problem Implement the decision Consult stakeholders None 38. A business engaging in child labor violates which ethical principle? Autonomy Justice Non-Maleficence Transparency None 39. Ethical training in organizations is designed to: Promote legal compliance Improve moral reasoning and decision-making Increase sales Build competitive strategies None 40. Which of the following is an example of a conflict of interest? An employee discloses confidential company data A manager awarding a contract to a relative’s company A supplier delivering defective goods A business violating consumer rights 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. 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!
