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. An agreement is considered a contract when: It is written It is enforceable by law It is between two minors It is verbal only None 2. The term "offer" is defined under: Section 1 Section 2(a) Section 3 Section 10 None 3. When the consent of a party is obtained by fraud, the contract is: Void Voidable Valid Illegal None 4. Acceptance must be: Conditional Communicated Silent Both (A) and (C) None 5. In case of anticipatory breach, the aggrieved party can: Wait for performance Sue for damages immediately Both (A) and (B) None of the above None 6. The ownership in goods passes to the buyer when: Goods are delivered Payment is made As per terms of the contract Goods are inspected None 7. In a sale, the buyer gets: Ownership of goods Possession of goods Both ownership and possession None of the above None 8. The doctrine of “caveat emptor” means: Let the buyer beware Let the seller beware Let the creditor beware None of the above None 9. In case of breach of warranty, the buyer can: Repudiate the contract Sue for damages Both (A) and (B) None of the above None 10. A sale becomes an agreement to sell when: Conditions are fulfilled None of the above Payment is deferred Delivery is made None 11. A promissory note must be: Conditional Unconditional Oral None of the above None 12. A cheque is valid for: 1 month 3 months 6 months 12 months None 13. The party who draws a bill of exchange is called: Drawer Drawee Payee None of the above None 14. Endorsement of a cheque means: Acceptance of cheque Signing on the back of the cheque Cancelling the cheque None of the above None 15. A bearer cheque is: Negotiable by delivery Transferable only by endorsement Not transferable Invalid None 16. A complaint can be filed by: A consumer A recognized consumer association The Central or State Government All of the above None 17. A manufacturer is responsible for: Defective goods False guarantees Hazardous goods All of the above None 18. Who can file a case in the National Consumer Commission? Consumers dissatisfied with the State Commission’s decision Consumers with claims above ₹10 crore Both (A) and (B) None of the above None 19. The aim of the Consumer Protection Act is: To resolve disputes quickly To protect consumer interests Both (A) and (B) None of the above None 20. The penalty for misleading advertisement under the Consumer Protection Act is: Fine up to ₹10 lakh Imprisonment up to 2 years Both (A) and (B) None of the above None 21. The first step in the communication process is: Encoding Decoding Message creation Feedback None 22. Communication flow from a subordinate to a superior is called: Upward communication Downward communication Horizontal communication None of the above None 23. An example of non-verbal communication is: An email A handshake A phone call A letter None 24. In a business letter, "Yours sincerely" is an example of: Salutation Complimentary close Body Subject line None 25. Grapevine communication is also called: Official communication Informal communication Non-verbal communication None of the above None 26. Which of the following is a feature of a good business report? Brevity Clarity Accuracy All of the above None 27. The principle of "Courtesy" in communication means: Being direct Being polite Using technical terms None of the above None 28. Business communication is incomplete without: Feedback Encoding Decoding Noise None 29. An effective presentation should: Be monotone Engage the audience Ignore visual aids Be very lengthy None 30. A memorandum is used for: External communication Internal communication Marketing Legal notices None 31. Which of the following is a form of downward communication? Orders from management Suggestions from employees Feedback to management All of the above None 32. Encoding means: Understanding the message Converting an idea into a message Feedback to the sender None of the above None 33. Written communication is most effective when: It is lengthy It is clear and precise It uses complex language None of the above None 34. The agenda of a meeting is: A summary of discussions A list of topics to be discussed None of the above Minutes of the meeting None 35. A circular is an example of: Horizontal communication Upward communication Downward communication Informal communication None 36. Communication barriers can be reduced by: Active listening Feedback Clarity in message All of the above None 37. The KISS principle in communication stands for: Keep It Short and Simple Keep It Safe and Secure Keep It Specific and Simple None of the above None 38. Non-verbal communication often conveys: Emotions and feelings Legal information Technical data None of the above None 39. Effective listening requires: Concentration Understanding Feedback All of the above None 40. The primary objective of business communication is: Profit-making Exchange of information Generating leads None of the abov 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! 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