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 with a legal obligation is: Void Voidable Valid Illegal None 2. An agreement not enforceable by law is called: Contract Voidable agreement o Void agreement None of the above None 3. Coercion involves: Physical force Mental pressure Threat to commit an unlawful act All of the above None 4. When one party cancels the contract due to the default of the other, it is: Breach of contract Frustration of contract Quasi-contract None of the above None 5. A proposal lapses if: It is rejected Time for acceptance expires The proposer dies before acceptance All of the above None 6. A condition in a contract of sale is: A warranty A stipulation essential to the main purpose of the contract A collateral promise None of the above None 7. The implied warranties in a contract of sale include: Quiet possession Goods free from any charge or encumbrance Both (A) and (B) None of the above None 8. Specific goods are: Identified at the time of the contract Unascertained goods Goods to be manufactured None of the above None 9. A sale of goods involves: Transfer of ownership Transfer of possession Both (A) and (B) None of the above None 10. If a buyer defaults in accepting goods, the seller can: Resell the goods Claim damages Sue for the price All of the above None 11. The primary characteristic of a negotiable instrument is: Non-transferability Free transferability Partial transferability None of the above None 12. The drawee of a cheque is always: A bank The payee The drawer Any party None 13. A cheque marked "Account Payee" can: Be transferred freely Be deposited only in the payee’s account Be encashed over the counter None of the above None 14. A negotiable instrument payable "on demand" means: Payable after a fixed period Payable immediately Payable after acceptance None of the above None 15. A bill of exchange is discharged by: Payment Cancellation Material alteration All of the above None 16. The Consumer Protection Act defines "consumer" as: One who buys goods for resale One who buys goods for personal use Both (A) and (B) None of the above None 17. The District Consumer Forum handles cases up to: ₹1 crore ₹50 lakh ₹2 crore ₹10 crore None 18. The principle of "Right to Safety" protects consumers from: Defective good Hazardous goods and services Overpricing None of the above None 19. A consumer complaint must be filed within: 6 months 1 year 2 years 3 years None 20. Who can file a complaint under the Consumer Protection Act? Consumer Central or State Government Consumer organizations All of the above None 21. Communication is said to be effective when: The sender feels confident The receiver understands the message as intended It is delivered quickly It is lengthy None 22. A good business letter should be: Lengthy Polite, clear, and concise Ambiguous Informal None 23. Horizontal communication occurs: Between different levels of the hierarchy Between employees at the same level Between subordinates and managers Between a company and its clients None 24. Grapevine communication is: Official communication Informal communication Misleading communication Legal communication None 25. A report is an example of: Informal communication Horizontal communication Written communication Verbal communication None 26. The 7 Cs of effective communication do not include: Clarity Completeness Commitment Courtesy None 27. The agenda of a meeting includes: Topics to be discussed Date and time of the meeting Venue of the meeting All of the above None 28. Non-verbal communication includes: Facial expressions Body posture Gestures All of the above None 29. Which of the following is a communication barrier? Language differences Cultural differences Emotional interference All of the above None 30. Feedback is essential because: It clarifies the message It ensures the message is understood It completes the communication process All of the above None 31. A circular is used for: External communication Informing all employees about changes Internal communication Both (B) and (C) None 32. A memo is: A form of internal communication A formal letter to clients A sales document None of the above None 33. Active listening involves: Focusing on the speaker Responding thoughtfully Avoiding interruptions All of the above None 34. Communication is a process that involves: Encoding and decoding messages Feedback from the receiver A medium of transmission All of the above None 35. Minutes of a meeting record: Attendance Key discussions Decisions taken All of the above None 36. Visual aids in communication include: Charts and graphs Videos and presentations Photographs and illustrations All of the above None 37. Noise in communication refers to: Background music Any barrier to effective communication A sound in the environment None of the above None 38. Written communication is effective when: It uses complex words It is clear and organized It is lengthy It is one-sided None 39. An effective business presentation should: Use clear visuals Engage the audience Be time-conscious All of the abov None 40. Horizontal communication promotes: Coordination among peers Hierarchical decision-making Vertical communication flow None of the above None 1 out of 4 Great job on taking the INCOC Test! 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