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. Which of the following is a valid contract? An agreement made by a minor An agreement without consideration An agreement enforceable by law An agreement to commit a crime None 2. A contract is discharged by: Performance Breach Impossibility of performance o All of the above None 3. Which of the following is an essential element of a valid contract? Free consent Lawful object Competent parties All of the above None 4. A quasi-contract is: A void contract A voidable contract An implied contract None of the above None 5. A contract without consideration is: Void Valid Illegal Voidable None 6. The Sale of Goods Act deals with: Immovable property Movable goods Services All of the above None 7. Transfer of ownership in a sale takes place: Immediately After payment of price At the time of delivery As agreed between parties None 8. A condition is a stipulation: Essential to the contract Collateral to the contract Unimportant in the contract Irrelevant to the contract None 9. Goods that are not identified at the time of contract are: Specific goods Existing goods Future goods Unascertained goods None 10. The implied condition under a sale includes: Fitness for a particular purpose Merchantability Both (A) and (B) None of the above None 11. A negotiable instrument includes: Promissory note Bill of exchange Cheque All of the above None 12. The negotiable instrument must be: In writing Freely transferable Unconditional All of the above None 13. Dishonor of a cheque occurs due to: Insufficient funds Mismatched signature Account closed All of the above None 14. The drawer of a cheque is: The payee The person who issues the cheque The person who issues the cheque None of the above None 15. A negotiable instrument payable after sight is called: Time instrument Demand instrument Bearer instrument None of the above None 16. The Consumer Protection Act protects: Consumers of goods Consumers of services Both (A) and (B) None of the above None 17. A consumer dispute redressal commission includes: District Commission State Commission National Commission All of the above None 18. A consumer is a person who: Buys goods for resale Uses goods for personal use Uses goods without consideration All of the above None 19. Goods with defects are termed: Faulty goods Defective goods Hazardous goods None of the above None 20. The time limit for filing a consumer complaint is: 6 months 1 year 2 years 3 years None 21. Communication is effective when: It is one-way It is understood as intended It is in writing only It is verbal only None 22. The process of converting an idea into a message is: Encoding Decoding Feedback Noise None 23. Listening is a part of: Written communication Verbal communication Non-verbal communication None of the above None 24. The medium of communication can be: Oral Written Electronic All of the above None 25. A formal communication channel is: Grapevine Emails Office memos Both (B) and (C) None 26. Communication barriers include: Physical barriers Semantic barriers Psychological barriers All of the above None 27. A report is a: Form of oral communication Document conveying information Non-verbal method Casual message None 28. Feedback is important because: It completes the communication loop It increases barriers It makes communication formal None of the above None 29. Non-verbal communication includes: Gestures Body language Facial expressions All of the above None 30. Horizontal communication occurs between: Same level employees Employees and customers Manager and subordinates None of the above None 31. A business letter should be: Polite Concise Clear None of the above None 32. The main objective of business communication is: Entertainment Persuasion Exchange of ideas None of the above None 33. An agenda is: A list of items to be discussed Minutes of the meeting Official records None of the above None 34. An example of upward communication is: Feedback to a manager A notice to employees A company circular None of the above None 35. Minutes of a meeting record: Decisions taken Attendance Discussion points All of the above None 36. A memo is generally used for: Formal announcements Internal communication External communication None of the above None 37. The 7 Cs of communication include: - Clarity Conciseness Courtesy All of the above None 38. Grapevine communication is: Formal Informal Technical None of the above None 39. The body of a letter should be: Attractive Logical Informative All of the above None 40. A good presentation involves: Clear visuals Proper preparation All of the above All of the above 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!
