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 not an essential element for the formation of a valid contract? Offer and acceptance Lawful object A written agreement Consideration None 2. A contract made without a lawful object is: Void Voidable Enforceable Executed None 3. In a contract of sale, the seller must deliver goods that are: Of merchantable quality Of fit-for-purpose quality As described in the contract All of the above None 4. Which of the following is true regarding a contract entered into by a person of unsound mind? It is voidable It is valid and enforceable It is void It is enforceable by a guardian None 5. Under the Sale of Goods Act, 1930, when does the risk of goods pass from the seller to the buyer? Upon delivery of the goods Upon the agreement to sell Upon the transfer of title Upon receipt of payment None 6. The Indian Contract Act, 1872 does not govern which of the following? Contracts related to property transfer Contracts related to partnership Contracts of insurance Contracts of sale of goods None 7. Under the Indian Contract Act, which of the following contracts is voidable? Contract made under mistake of fact Contract made under duress Contract made with a minor Contract made with an insane person None 8. In a contract of guarantee, the liability of the surety is: Unlimited Conditional upon the default of the principal debtor Limited to the amount guaranteed Limited to the interest payable None 9. Which of the following statements is true about a voidable contract? It is valid unless avoided by the affected party It is unenforceable by law It has no legal effect It is automatically void None 10. Which of the following is not a negotiable instrument? Promissory note Bill of exchange Cheque Contract agreement None 11. Which of the following is an advantage of formal communication? It allows for quick feedback It ensures clarity and accuracy It encourages personal relationships It is less structured None 12. Which of the following is a barrier to effective communication? Clear articulation Effective listening Emotional interference Feedback None 13. Which type of communication flows from a manager to subordinates? Upward communication Downward communication Lateral communication Informal communication None 14. Which of the following is an example of written communication? Face-to-face meeting Telephone call Email Casual conversation None 15. The act of summarizing the message to ensure understanding is known as: Feedback Paraphrasing Clarification Repetition None 16. Which of the following is NOT an element of non-verbal communication? Gestures Facial expressions Written messages Body posture None 17. Which of these is an example of upward communication? Employee providing feedback to a supervisor Manager giving instructions to a team Colleague discussing a project with another colleague Customer giving feedback to a business None 18. Which of the following is true about active listening? It involves hearing the message only It requires full concentration and feedback It is not necessary for effective communication It only applies to written communication None 19. Which of the following is a disadvantage of using email for communication? It allows for immediate feedback It is less formal than face-to-face communication It can lead to misinterpretation of the message It is a permanent record of communication None 20. Which of the following best defines "communication channel"? The message itself The medium through which the message is transmitted The sender of the message The feedback received None 21. Which of the following is an advantage of using oral communication in business? It provides a permanent record It allows for immediate clarification and feedback It is more formal than written communication It is quicker than written communication None 22. Which of the following is NOT a key component of communication? Sender Message Medium Emotional interference None 23. Which of the following best describes "feedback" in the communication process? The message being sent A reaction or response to the message The medium used to send the message The sender’s interpretation of the message None 24. Which of the following communication methods is best for conveying complex information? Telephone conversation Email Formal report Casual conversation None 25. In business communication, the tone of the message can influence: Only written messages The effectiveness of the message Only spoken communication None of the above None 26. Which of the following is a key principle for effective communication? Using complex vocabulary Providing clear and concise messages Avoiding feedback Ignoring cultural differences None 27. Under the Indian Contract Act, which of the following is not considered an offer? An invitation to treat A proposal made with the intent to be bound A promise to perform an act A response to a request for quotation None 28. The right to sue for breach of contract is known as: The right of action The right to performance The right to rescind The right of repudiation None 29. Which of the following can terminate a contract? Performance of the contract Mutual agreement to rescind the contract Breach of contract All of the above None 30. Which of the following contracts is voidable? A contract with a minor A contract made under coercion A contract made for an illegal purpose A contract made by a person of unsound mind None 31. Which of the following is true about a contract made with a minor? It is void It is voidable at the option of the minor It is enforceable by the minor It is enforceable by the other party None 32. In a contract of sale, when does the transfer of property take place? On delivery of goods On signing the contract On payment of the price When the buyer takes possession of the goods None 33. Which of the following is a method for overcoming barriers in communication? Using technical jargon Avoiding feedback Simplifying the message Ignoring cultural differences None 34. Which of the following is an example of a barrier to effective communication? Clear speech Active listening Emotional interference Feedback None 35. Which of the following is true about upward communication in business? It flows from employees to managers It is used to give instructions to employees It is a one-way communication process It is always informal None 36. Which of the following is not an advantage of written communication? It is formal and can be used for official purposes It is permanent and can be referred back to It allows for immediate feedback It avoids misunderstandings due to clarity None 37. Which of the following is a characteristic of informal communication? It is always written It follows the organizational hierarchy It flows freely between all levels of an organization It is rigid and structured None 38. Which of the following is an example of formal communication? Informal discussions Office memorandum Casual conversation Personal emails None 39. Which of the following is a type of non-verbal communication? Email Written report Body language Face-to-face discussion None 40. Which of the following is an essential feature of effective business communication? Complexity Uncertainty Clarity Ambiguity 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!
