it law bits
DESCRIPTION
it law bitsTRANSCRIPT
IT & LAW
1.Commerce Facilities smooth flow of _____ from produces to consumers.a.Money
b. Goods
c. Cash
d. None
2.Commerce generates _____ opportunities to millions of people all over the world.
a.Trade
b. Business
c. Employmentd. None
3.Direct exchange of goods for goods is called ____ system.
a.World marketb. Barter
c. Money economyd. None
4._____ are diverse in nature & it varies from person to person, place to place & time to time.
a.Necessities b. Man wants
c. Demands
d. None
5.____ contributed large scale production of standard goods by division of labor & mechanical inventions.
a.Industrial revolutionb. Money economy
c. Both
d. None
6.A contract of sale includes a sale as well as an ______
a.Agreement to sell
b. Document
c. Principles
d. None
7.The subject matter of contract of sale must be _____
a.Trade
b. Goods
c. Both
d. None
8.In the stipulation focus the very basic of the contract i.e. essential to the main purpose of contract, then it is known as a _______
a.Collateral
b. Subsidiary
c. Condition
d. None
9.The maximum caveat emptor means _____
a.Let the seller beware
b. Let the buyer beware
c.Let both seller & buyer beware
d. None
10.The seller who has not received the payments of the goods is called ______
a.Forfeiter
b. An unpaid seller
c. Both
d. None11.Buying or purchasing of goods & services form other nations for domestic consumption/use is called ______
a.Import
b. Export
c. Interpol
d. None
12.Goods are exported to foreign markets by sea is called
a.Shipping by water
b. Shipping by sea
c. Both a & b
d. None
13.The International trade is governed by _____, which means the team on which the 2 countries trade with each other.
a.Terms of commerce
b. Terms of tradec. Terms of traded. None
14.____ is tax imposed on goods originating from duty leaving country destined for some other country.
a.Import duty
b. Export duty
c. Ad-valerom duty
d. None15.IEC stands for _____
a.International Export Code
b. International Economic Code
c.Importer Exporter Code
d. International Employee Category
16.________ means a system of secure key pair consisting of a private key for loading digital signature & a public key to verify the digital certificate
a.Asymmetric Cryptosystemb. Key pair
c. Both
d. None
17.Person who has been granted a license to issue digital signature certificate is called _____
a.Adjudicating officerb. Certifying authority
c. Controller of CAd. None
18.Hacking with computer system is a _____ under the act.
a.Offence
b. Punishable offence
c. Crime
d. None
19._____ has been recognized by laws an alternative device of communication & storage of information
a.E-form
b. Electronic record
c. E-commerced. None
20.____ and ____ are the two types of invoices in trade.
i)Inland
ii) Import
iii) Export
iv) Foreign
a.I, iv
b. ii, iii
c. All
d. None
21.If the stipulation is not essential to main purpose of contract & is only collateral to main purpose of contract, is known as ______
a.Condition
b. Warranty
c. a & b
d. None
22.When condition & warranties are definitely written in the contract, they are called _____ conditions & warranties.
a.Express
b. Implied
c. a & b
d. None
23.When condition & warranties are only attached to contract by operation of law is called ___
a.Express
b. Implied
c. a & b
d. None
24.The bill of lading may be a ______
a.Clean and claused
b. Clean or claused
c. Clean only d. Claused only25.The seller who has not received the payment of goods is called ____
a.Owing seller
b. Unpaid sellerc. Cheated seller
d. None
26.The ____ is the given by a prospective buyers to a sellers
a.Order
b. Enquiry latter
c. Specification list
d. None27.On receiving the enquiry, the seller, in reply sends a _____ to the layer.
a.Quotation
b. Invoice
c. Memo
d. None28.FOR stands for _____
a.Free On Road b. Freight On Rail
c. Tree On Raild.. Freight On Road
29.FCP stands for _____
a.Free Carriage Parcel
b. Freight and Carriage Paid
c.Free Control Promotion
d. Freight and Control Paid30.CIF stands for ____
a.Cost Inference Freight
b. Carriage Insurance Freight
c.Cost Industrial Freight
d. Carriage Insurance Freight31._____ means the goods are in stock and will be delivered as soon as the order is received.
a.Prompt Delivery
b. Forward Delivery
c. Ready Deliveryd. None
32.____ means the goods will be delivered at some future data stated in the quotation.
a.Prompt Delivery
b. Forward Delivery
c. Ready Deliveryd. None
33._____ means the goods will be delivered within a few days of the receipt of the othera.Prompt Delivery
b. Forward Delivery
c. Ready Deliveryd. None
34.The phrase ____ in the quotation means that the price quoted is as on date and so it is subject to change.
a.Price Current
b. Firm Current
c. Both a & b
d. None
35.An ___ is a document sent by the seller to the buyer on the sale of goods giving particulars of the goods sold.
a.Receipt
b. Invoice
c. Enquiry letter
d. None
36.A ____ means a copy of debtors account as maintained in the creditors ledgers
a.Profit & loss statements
b. Statements of Accounts
c.Ledger
d. None
37._____ are program that motion and record the name password of n/w user as they long in.
a.Mail bombingb. Password snifters
c. Both a & b
d. None
38._____ means the electronic transfer from computer to computer of information using and agreed standard to structure the information.
a.Data messageb. Electronic data interchange
c. Both a & b
d. None
39.BIS was adopted by the communication at its 31st session, in
a.June 1999
b. June 1998
c. June 2000
d. None
40.Commerce is the sum of total of process, which is engages in removal of hindrance of person, place and time in the exchange of _____.
a.Money
b. Commodities
c. People
d. None
41.Commerce, in short, includes ____ and auxiliaries to trade.
a.Trade
b. Goods
c. Customer
d. None
42.____ among people has given rise to exchange goods and service between different persons and different regions.
a.Natural resources
b. Specialization
c. Both a & b
d. None
43.In the ____ stage money was introduced to promote exchange of money for goods.
a.Barter
b World marketc. Money economy
d. None
44.The barter system had lack of _____ value.
a.Money
b. Common measure
c. Both a & b
d. None45.A ____ is whereby the seller transfers or agrees to transfer the property in goods to the buyers for a price.a.Agreement
b. Contract
c. Both a & b
d. None
46.A contract of sales includes a ____ and an agreement to sell.
a.Goods
b. Terms of condition
c. Trade
d. None
47.The two parties must be ____ to enter into a contract.
a.Ready
b. Competent
c. Both a & b
d. None
48.____ is a flat sum per physical unit of the commodity or exported.
a.Ad-valorem duties
b. Specific dutiesc. Compound duties
d. None
49.A _____ tariff is intended to primary to accord protection to domestic industries from foreign completion.
a.Protective
b. Safety
c. Revenue
d. None
50.To define the GIVE and TAKE rights and duties in the business transactions, ____ is the most usual method.
a.Contract
b. Indenture
c. Pact
d. Deal
51.In _____, the Parties are the markets of law for themselves. They can frame any rule they desire to subject matter of their agreements and law takes consideration of their decision unless they are legally prohibited.
a.Convention
b. Bond
c. Contract
d. Deal
52.Compute Networks to facilitate commercial transactions involving the production, sales and distribution of goods and services and intangible property is term as _____
a.Electronic Commerce
b. e-Banking
c. e-Contracts
d. None
53.With the help of ____ technologies helps speeds up the flow of information and to eliminate unnecessary human intervention computer do better than people-process routing business transactions quickly and accurately.
a.e-Commerce
b. e-mail
c. Client / Serverd. None
54.The competition moves ahead, the business wont capitalize on all it has to offer, these are the main risk of _____ business.
a.e-Commerce
b. Hardware
c. Software
d. None
55.A proposal, when accepted, becomes ______
a.Agreement
b. Promise
c. Abstinence
d. Contract
56.A contract is concluded at the place where the letter is posted cannot and shall not be extended to communication of acceptance by of means of Telephone or Telex, as they are _____ communications.
a.Indirect
b. Director
c. Instantaneousd. e-mail
57.EDI has been define by the _____ model law of electronic commerce as the electronic transfer from computer to computer of information using agreed standard to structure the information.
a.UN treaty
b. UNCITRAL
c. EEC
d. US treaty
58.Electronic Data interchange, as approved and published in the _____.
a.UN/ED FACT
b. EEC
c. UN/TDID
d. None
59.Any party may terminate agreement upon not less than _____ days prior written notice of the termination.
a.6 months
b. 12 months
c. 30
d. 25
60.The respective locations of the computer terminals providing and receiving on electronic media, such services have to be identified with the help of _____ who should be made responsible for the same.
a.Service Provider
b. Mail provider
c. Web site operatord. None
61.The term ____ establishment means a fixed place of business through which the business of an enterprise is wholly or partly carried on.
a.Provisional
b. Eternal
c. Temporary
d. Permanent
62.It is common for the web site through which an enterprise carries on its business to be hosted on the server of an _______
a.OECD
b. ISP
c. Network
d. WAN
63.The Taxes can be broadly classified into two categories, _____ & ____ Taxes.
a.Direct & Indirect
b. Sales & Income c. Customs & Excise d. Central & state
64.Basic concepts of international taxation are having two basic concepts of establishing jurisdiction for levy of taxes: _____ & ______.
a.Country based taxation
b. Residence based taxation
c. Source based taxation
d. State based taxation
65.State the correct order of step involved in selling of goods:
i)Order
ii) Enquiry
iii) Invoiceiv) Quotation
v) Statement of account
vi) Execution of the order
a.ii, iv, I, vi, iii, v b. ii, v, iv, I, iii, vi c. I, ii, iii, iv, v, vi d. I, iv, v, vi, ii, iii
66.Fill in the blanks with appropriate words:
The ____ matter of contract of sale must be _____. Goods include all kinds of moveable _____ and _____ and shares of companies but not money.
i) Stocks
ii) Goods
iii) Subject
iv) Property
a.ii, iii, iv, I
b. I, ii, iii, iv
c. iii, ii, iv, I
d. iii, iv, I, ii
67.Which of the following are implied warranties:
i)when goods are sold by description, it has to correspond with the description.
ii)the buyer shall have and enjoy quiet possession of goods
iii)goods shall be free from any charge in favour of 3rd person not declared in the contract.
a.iii, ii
b. I, ii
c. ii, iv
d. None
68.Which of the following are exception to doctrine of caveat Emptor:
i)goods have been sold him by slightly more amount, then market.
ii)buyer makes it known to seller the purpose, but the goods do not serve the purpose.
iii)if goods are sold, where by consent in obtained by fraud.
iv)if goods are sold by description, but goods do not match the description
a.I, ii, iv
b. I, ii, iii
c. I, iv, iii
d. None
69.Which of the following are rights of unpaid seller of the goods:
i)caveat emptor
ii) Right of lien
iii) right to bargain
iv)right of resale
v) right of stoppage in transit
a.ii, ii, iv
b. I, iii, iii
c. ii, iv, v
d. None
70.Which of the following are price quoted in quotation?i)free on rail
ii) low price
iii) ready deliveryiv) cost insurance freight
a.I, ii, iv
b. I, ii, iii
c. I, iv
d. None
71.Match the terms of payment to their meaning:
Terms
meaning
-----------------
--------------------------
i)cash with order
1) the buyer to pay cash within few days after delivery of goods.ii)cash on delivery
2) if payment is within 7 days, a discount of 2% will be given.
iii)prompt cash
3) payment on delivery of goods.
iv)2%, 7 days
4) payment with order.a.I-4, ii-3, iii-1, iv-2
b. i-4, ii-3, iii-2, iv-1
c.i-4, ii-1, iii-2, iv-3
d. i-4, ii-1, iii-3, iv-2
72.Match the terms of delivery with meaning:-
Terms of delivery
meaning
---------------------
-------------------------
i)Ready to delivery
1) mean goods will be delivered at some future date.
ii)Prompt delivery
2) goods will be delivered on arrived of a particular ship.
iii)Forward delivery
3) goods will be delivered soon as order in received, as it is in
stock.iv)Delivery to arrive
4) goods will be delivered with in few days of receipt of order.
a.i-2, ii-4, iii-1, iv-3
b. i-3, ii-4, iii-1, iv-2c.i-3, ii-4, iii-2, iv-1
d. i-3, ii-2, iii-4, iv-173.Match the step with operation:-
Steps
Operations
i)quotation
1) it is a document sent by the seller to buyer on sale of goods.
ii)order
2) it is sent by seller to buyer giving description of goods.
iii)execution of order
3) it is sent by buyer to seller, asking for goods
iv)invoice
4) on receiving order, the seller sends a letter to buyer
a.i-2, ii-4, iii-1, iv-3
b. i-2, ii-1, iii-4, iv-3c.i-2, ii-3, ii-4, iv-1
d. i-2, ii-1, iii-3, iv-4
74.Which of the following are influencing terms of trade during
International trade:-
i)Effect of communication
ii) Effect of tariff policyiii) Effect of devaluation
iv)Importing capacity
v) Technical progress
a.ii, iii, iv, v
b. I, ii, iii, iv
c. All
d. None75.Which of the following are objectives of imposing trade barriers:-
i)To protect domestic industries from foreign competition
ii)To guard against dumping
iii) To converse foreign resources
iv)To promote research and developmenta.I, ii, iv
b. I, ii, iii
c. All
d. None
76.Which of the following are classifications of tariffs on basic of origin and destination of goods crossing the borders:-i)Ad-valorous dutiesii) Import dutiesiii) Export dutiesiv) Transit duties
a.ii, iii
b. ii, iii, iv
c. All
d. None
77.Match the duties with their purpose:-
Duties
Purpose
i)Specific duties
1) When commodity is subject to both duties
ii)Ad-valor duties
2) Is a flat sum physical unit of commodity? I/E
iii)Compound duties
3) Duties are levied as a fixed percentage of Value of good I/Ea.i-2, ii-3, iii-1b. i-3, ii-1, iii-2
c. i-1, ii-2, iii-3d. i-2, ii-1, ii-3
78.Which of the following tariffs is with respect to application between different countries.
i)Transit duty
ii) Single column
iii) Ad-valor is duty
iv) Double column
v) Triple column
a.ii, iii, iv, v
b. ii, iv, v
c. All
d. None
79.Match the duties (tariffs) with their purpose:-
Tariff
Purpose
i)Revenue tariff
1) To protected domestic industries from foreign competition.
ii)Protective tariff
2) Applied to goods in domestic market below their cost.
iii)Anti-dumping duties3) In is to raise the revenue of country.
a.i-3, ii-1, iii-2 b. i-1, ii-2, iii-3
c. i-3, ii-2, iii-1d. i-2, ii-3, iii-1
80.State the documents, which are excluded from purview of the law:-
i)Willii) Power attorney
iii) Trustsiv) Negotiable instruments
a.I, ii only
b. iii, iv only
c. All
d. None
81.State the objectives of IT Act 2000.
i)To grant legal recognition to accords.
ii)To grant legal recognition to digital signature
iii)To facilitate EFT transfers between banks and financial institution.
iv)To foster use of e-records and DS in government offices and its Agencies.
a.I, ii, iii
b. ii, iii, iv
c. All
d. None
81.Match the documents to their purpose:-
Documents
Purpose
i)Will
1) Promissory notes
ii)Trusts
2) Legal declaration of the intention.
iii)Power of attorney
3) An obligation annexed to ownership of the property.
iv)Negotiable instruments4) A document whereby one can be empowered to cent out certain
acts specified.a.i-2, ii-3, iii-4, iv-1
b. i-2, ii-1, iii-4, iv-3
c.i-2, ii-3, iii-1, iv-3
d. i-3, ii-1, iii-4, iv-2
82.Which of the following are principal export documents:-
i)Packing listii) Bill of ladingiii) Proforma invoiceiv) Certificate of origin
a.All
b. I, ii, iv
c. I, iii, iv
d. None83.Which of the following are regulatory documents
i)Bill of export
ii) Vehicle ticket
iii) Insurance premium certificate
iv) Freight payment certificate
a.ii, iii, iv
b. I, ii, iii
c. All
d. None
84.Which of the following regulation are applicable to exports by
Exchange control:-
i)Negotiate all shipping documents
ii)Receive payments by an approved method
iii)Surrender the foreign exchange received from the exports to exchange control authority
iv)No need to surrender foreign exchange
a.I, ii, iii
b. I, ii, iv
c. All
d. None
85.The suits field acts to civil procedure code can be categorized into which of the classes.
i)Suits for immovable property
ii) Suits for movable property
iii)Suits of all other types
iv) Suits for compensation of wrong done to the person
a.I, iii, iv
b. ii, iii, iv
c. All
d. None
86.Which of the foll., are the ways that e-commerce can take place
i)Merchants sell directly to the customer and the host persons is the online orders
ii)The merchants sell the products directly to customer by processing orders and payments
ii)The host sells the product and process both order and payment information
a.Only I
b. Only ii and iic. All
d. None
87.What is analysis and conclusion for foll, category: the customer selects and item from online catalogue of tangible goods and orders the item electronically directly form a commercial provider the product is delivered to customer by common carrier physically
i)The payment constitutes business productsii) The payment constitutes royaltiesa.I only
b. ii only
c. Both
d. None
88.Which of the following are valid patents:-
i)IBM data processor n/w
ii) IBM documents abstraction and retrieving
iii)BOSCH- electronic computer componentsiv) The domino vs. diehard
a.I, iii, iv
b. I, ii, iii
c. All
d. None
89.Which of the following are intellect properties
i)Copyright
ii) Trade mark
iii) Research
iv) Patent
a.I, ii, iii
b. I, ii, iv
c. All
d. None
90.The Indian evidence act, 1872 has foll, terms match these terms with their meanings:
Terms
Meanings
i)Proved
1) A fact when it is neither proved nor disproved.
ii)Disproved
2) Documents related to the fact
iii)Not proved3) A fact, after unsoldering the matters before it, the court believes its
existence.
iv)Evidence
4) A fact, after unsoldering the matters before it, the court either believes
that it does not exist or it non-existence.
a.i-3, ii-1, iii-4, iv-2
b. i-2, ii-3, iii-1, iv-4
c.i-3, ii-4, iii-1, iv-2
d. i-1, ii-4, iii-2, iv-3
91.Match the methods with description:-
Method
Descriptioni)Virus exchange BBS1) We can use scanning methodology to detect these viruses
ii)Virus Exchange networks2) In this method the bullet ion boards are used to transfer virus
iii)Virus for sale3) Spread through dial-up modems
iv)Virus distributions sites4) These viruses are purchased by crave and industry sources
a.i-2, ii-3, iii-4, iv-1
b. i-2, ii-4, iii-1, iv-3c.i-1, ii-4, iii-2, iv-3
d. i-3, ii-1, iii-4, iv-2
92.Which of the following is Internet related crimes:-
i)Cheating
ii) Password surfers
iii) Industrial espionage
iv)Copyright piracy
v) Spoofing
a.ii, iv, v
b. ii, iii, iv, v
c. All
d. None
93.Match with the valid crimes:-
i)A software which instructs a computer to repeatedly send e-mail to 1) Spoofing
specified persons e-mail
ii)A program that monitors and record name and password of network
users as they log in.
2) Cyber Squating
iii)The act of disguising one computer to look like another computer.3) Password sniffers
iv)They grab a well-known trademark which they register a domain name4) Mail Bombings.
a.i-4, ii-3, iii-1, iv-2
b. i-4, ii-1, iii-2, iv-3
c.i-4, ii-3, iii-2, iv-1
d. i-3, ii-1, iii-4, iv-2
94.Which of the following laws proposes the concept of permanent establishment:-
i)OECD model tax treaty
ii) UN model tax treaty
iii)Europe model tax treaty
iv) US model tax treaty
a.I, ii, iii
b. I, ii, iv
c. All
d. None95.Match the following evolutions with the eras:
i) money economy stage
1) exchange of goods for was existing
ii) world market stage
2) money was introduced
iii) Barter system
3) large scale production of std. Goods
a.i-2, ii-3, iii-1b. i-2, ii-1, iii-3c. i-3, ii-1, iii-2
d. i-1, ii-3, iii-2
96.Which of the followings are essentials of scale of goods:
i)There must be 2 parties i.e. a buyer & a seller
ii)The 2 parties need not be competent
iii)The subject material of contract must be scale of goods
iv)Their must be a transfer of property in goods
a.I, ii, iii
b. I, iii, iv
c. All
d. None
97.Which of the following are implied conditions:
i)Seller has every right to sell his goods
ii)The buyer shall have & enjoy quiet possession of goods
iii)Goods must be correspond with description if goods are sold by description
iv)Goods shall be more from any charge infavour of a third person.a.I, iii
b. I, ii, ii
c. All
d. None
98.What are the exception to the doc trine of Caveat Emptor :
i)when rate of good is quoted by seller double of the product
ii)where the consent of buyer is obtained buy seller by fraud
iii)if the good does not fit the purpose specified by buyer
iv) if the good is not given to buyer in specified time
a.ii, iii
b. I, ii, iv
c. All
d. None
99.What is order of steps involved in selling the goods:i)invoice
ii) enquiry
iii) quotation
iv) execution of order
v)statement of account
vi) order
a.ii, I, iii, iv, v, vi
b. ii, iii, vi, iv, I, v
c. ii, iii, I, vi, v, iv
d. ii, I, iii, vi, v, iv
100.Match the following types of delivery quoted with their description:
i)reading delivery
1) goods will be delivered on arrival of a particular ship
ii)prompt delivery
2) goods are in stock& will be delivered as soon as the order issued
iii)forward delivery
3) goods will be delivered within a few days of except of order
iv)delivery to arrive
4)goods will be delivered at some future date in the quotation
a.i-2, ii-4, iii-1, iv-3
b. i-2, ii-3, iii-4, iv-1
c.i-2, ii-3, iii-4, iv-1
d. i-3, ii-4, ii-2, iv-1
101. Match the terms of payment with their description:
i)cash on delivery
1) if payment with in 7 days, a discount of 2% will be allowed
ii)cash with order
2) cash payment is made when goods are delivery
iii)2%, 7 days
3) cash payment with in a few days after delivery of goods
iv)prompt cash
4) cash payment alone with order for goods
a.i-1, ii-4, iii-2, iv-3
b. i-2, ii-3, iii-4, iv-1
c.i-1, ii-3, iii-4, iv-2
d. i-3, ii-1, iii-4, iv-2
102. Which of the following are objectives of imposing trade barriers:
i)to protect against dumping
ii)to converse foreign exchange resources of the country
iii)to increase the international competition
iv)to mobilize the revenue for the government
a.I, ii only
b. I, ii, iv
c. ii, iii only
d. All
d. None
103. Which of the following are tariffs based on classification on the quantification of the tariff:
i)ad-valorem duties
ii) revenue tariff
iii) triple column tariff
iv)specific duties
v) compound duties
a.I, iv, v
b. I, ii, iii
c. All
d. None
104. Which of the tariff come under clarification of goods crossing the borders:
i)import tariff
ii) export tariff
iii) revenue tariff
iv) transit tariff
v) compound tariff
a.I, ii, iv
b. I, ii, v
c. All
d. None
105. Which of the tariffs fall under classification based on the purpose they serve:
i)import tariffii) revenue tariffiii) ad valorem tariffiv) protective tariff
a.ii, iv
b. I, ii, iii
c. All
d. None
106. Which of tariffs fell under classification to application between different countries:
i)import tariffii) single column tariffiii) export tariffiv) triple column tariff
a.I, iii
b. ii, iv
c. All
d. None107. Match the export procedures with their description:
i) IEC number
1) for any benefit or concession under exim policy
ii) membership under registration
2) this id allowed by regional licensing authorities
iii) registration with EPC
3) for exemption from sales tax on export goods
iv)registration with sales tax author.4) will help exporter in number of way
a.i-2, ii-3, iii-4, iv-1
b. i-2, ii-1, iii-4, iv-3
c. i-2, ii-4, iii-1, iv-3
d. i-4, ii-3, iii-2, iv-1108. Match the export procedure with their description of tasks:
i) inquiry & offer
1) the exporter sends his acceptance
ii) confirmation of order
2) the export standard forum of proforma invoice
iii) export license
3) amount is arranged form bank
iv) Ti name
4) item is valid for being exported
a.i-2, ii-1, iii-4, iv-3
b. i-4, ii-3, iii-4, iv-1
c.i-2, ii-3, iii-4, iv-1
d. i-2, ii-4, iii-1, iv-3
109. Match the export procedures with this description of tasks:
i)shipping space
1) exporters make sure the timely availability of goods
ii)production/procurement2) this is done according to bureau of Indian standard of goods
iii) quality control& reshipment3) shipping advice& shipping order is given as acceptance
inspection
iv)planning & marketing4) it is to give a certificate of export worthiness of an item
a.i-3, ii-1, iii-4, iv-2
b. i-2, ii-1, iii-4, iv-3
c.i-3, ii-4, iii-1, iv-2
d. i-3, ii-1, iii-4, iv-2
110. Which of the following are principle export documents:i)packing list
ii) bill of leading
iii) shipping instruction
iv)certificate of originv) bill of exchange
a. I, ii, iv, v
b. I, ii, iii only
c. All
d. None
111. Which of the following are documents to be given to bank during export:
i)shipping bill
ii) bill leading
iii) packing list
iv)invoice (proforma)v) certificate of origin
a.I, ii, iv, v
b. ii, iii, v
c. All
d. None
112. Which of the following are auxiliary documents:
i)proforma invoice
ii) shipping order
iii) make receipt
iv)insurance declarationv) application for certificate of origin
a.I, ii, iii onlyb. ii, I, iii
c. All
d. None
113. Which of the following are regulatory documents of export:
i)insurance policy
ii) gate pass I/ pass II
iii) vehicle ticket
iv)insurance premium payment certificate
a.ii, iii, iv
b. ii, I, iii
c. All
d. None
114. Which of the following are documents related to excisable goods:
i)GR/PP formii) GP form
iii) form C
iv) VP\COD forms
a.I, ii, iii
b. ii, iii
c. All
d. None
115. Which of the following are objects of IT Act 2000:
i)to grant legal recognition to electric records.
ii)to grant e-record permission for bank drafts, hundreds etc
iii)to facilitate EFT bet n banks & finance institutions
iv)to e-record information of will
a.I, iii
b. ii, I, iii
c. All
d. None
116. Which of the following documents on which IT Act 2000 does not apply:
i)negotiable instrumentsii) power of attorney
iii) trustsiv) willa.I, ii only
b. iii, iv only
c. All
d. None
117. Match the acts in which each term is defined:
i) negotiable instrument
1) section 2-Indian succession act
ii) power of attorney
2) section3 Indians succession act
iii) trust
3) section 1A Power of Attorney
iv) will
4) section 13 Negotiable instrument acta.i-4, ii-3, iii-2, iv-1
b. i-4, ii-1, iii-2, iv-3
c.i-2, ii-1, iii-4, iv-3
d. i-3, ii-4, iii-2, iv-1118. Match Act with years:
i) negotiable instrument
1) 1882
ii) Indian Trust Act
2) 1925
iii) Indian succession Act
3) 1884
iv)power of attorney
4) 1881
a.i-2, ii-1, iii-4, iv-3
b. i-4, ii-1, iii-2, iv-3
c.i-4, ii-3, iii-1, iv-2
d. i-4, ii-3, iii-2, iv-1
119. Match the definition with sections
i) certifying authority
1) sec2 (1) (p)
ii) computer
2) sec2 (1) (g)
iii) electronic recorder
3) sec2 (1) (i)
iv) digital signature
4) sec2 (1) (t)
5) sec2 (1) (q)
a.i-2, ii-3, iii-4, iv-1
b. i-4, ii-3, iii-1, iv-2c.i-2, ii-4, iii-1, iv-2
d. i-3, ii-1, iii-2, iv-4
120. Match the section which respect to legal recognition of digital sequence:
i) secure digital signature1) sect 42
ii) security procedure
2) sect 40
iii) generating key pair3) sec 15
iv) control of private key4) sec 16
a.i-3, ii-1, iii-4, iv-2
b. i-3, ii-4, iii-2, iv-4
c.i-3, ii-4, iii-1, iv-2
d. i-3, ii-1, iii-2, iv-4121. Opportunities for everyone, when a business takes and advantages of the power of E-Commerce, it will be able to
i. Increase customer satisfaction
ii. Increase sales volume
iii. Decrease cost of doing business
a.All of the above b. Only I & ii
c. Only ii & iii
d. None of the above122. Under Indian Contract Act 1872, the valid contract must fulfill the following essential prerequisites:
i. Consensus ad idem by way of offering and acceptance.
ii. The proposal must be supported by consideration
iii. The parties must be competent to contract.
iv. The agreement must not be made by the free consent of the parties.
v. The agreement must be expressly declared to be void.
a.All of the aboveb. Only I & ii
c. Only I, ii and iiid. None of the above
123. The communication of the acceptance is complete:
i. As against the person to whom it is made when it comes to his knowledg3e.
ii. As against the acceptor when it comes to the knowledge of the proposer.
iii. As against the proposer, when it is put in the course of transmission to him so as to be out of power of acceptor.
a.Only I & ii
b. Only ii & iii
c. All of the aboved. None of the above
124. Under provision of Sections 16, 17, 19 and 20 of civil procedure code, the suits can be categorized into three classes, namely,
i. In case of suits for immovable property
ii. In case of suits fro compensation for wrong done to the person or to movable property
iii. In case of all other suits
iv. In the case of suits for movable property
a.Only i, ii & iv
b. Only I, ii & iiic. All the aboved. None of the above
125. The term permanent establishment includes especially
i. The use of facilities solely for the purpose of storage, display or delivery
ii. an office
iii. a factory
iv. The maintenance of a fixed place of business solely for the purpose of purchasing goods or merchandise.
a.Only I, ii & iv
b. Only I, ii & iiic. All the aboved. Only ii & iii
126. Which of the following are auxiliary export documents:-
i)Shipping instructionii) Shipping orderiii) Mate receipt iv) Insurance declaration
a.I, ii, iii
b. I, ii, iv
c. All
d. None
127. Match the with documents obtained in each step:-
Steps
documenti)Shipping space
1) Packaging note and list
ii)Packing and marking
2) AR-4A form
iii) Shipping by sea
3) Shipping order
iv)Shipping by land
4) Let ship order
a.i-3, ii-1, iii-4, iv-2
b. i-3, ii-1, iii-4, iv-2
c.i-2, ii-3, iii-4, iv-1
d. i-2, ii-4, iii-1, iv-3
128. Which documents are related to payment:-
i)Letter of credit
ii) Certificate of inspection
iii) Trust receipt
iv) Letter of hypothecation
a.I, iii, iv
b. I, ii, iii
. I, iii
d. Nonee. All
129. Match section with their terms defined:-
Section
terms
i) Sec 2(1) (d)
1) hash function
ii) Sec 2(1) (i)
2) Computer database
iii)Sec 43(h) (2)
3) Affixing digital signature
iv)Sec 3(2)
4) Computer
5) Computer network
a.i-3, ii-4, iii-2, iv-1
b. i-3, ii-4, iii-2, iv-1
c.i-3, ii-4, iii-2, iv-1
d. i-3, ii-5, iii-4, iv-2
130. Match the terms with their meanings :-
Terms
Meaning
i)Certifying authority 1) An algorithm mapping or translation of one sequence into another
ii)Addressee
2) Includes data, text, images, sound etc
iii) Information
3) Person who is intended by origination to receive.
iv) Function
4) It is a logic control within a computer.
a.i-4, ii-3, iii-2, iv-5
b. i-2, ii-1, iii-5, iv-3
c.i-4, ii-1, iii-4, iv-5
d. i-4, ii-3, iii-1, iv-2
131. Match the following:-
i)Dispatch
1) Confirmation of receipt by the address in prescribed form.
ii)Receipt
2) It occurs when it enters a computer resource outside control of
originator.
iii)Acknowledgement3) It when that enter the computer resource designated by address
for that purpose
a.i-2, ii-3, iii-1b. i-1, ii-2, iii-3
c. i-3, ii-2, iii-1d. i-2, ii-3, iii-2
132. Which of the following are legal issues dealing with digital signature:-
i)Generating key pair
ii) Security procedure
iii)Notice of suspension or revocation of licenseiv) Licensee to issue DSC
v)Revocation of DSC
a.ii, iii, iv
b. All
c. None
133. Which of the following are functions of the controller:-
i)Specifying the form and content of a DSC and key
ii)Notice of suspension or revocation of license
iii)Certifying public keys of the CA.
iv)Resolving conflicts bets the CA and the subscribers
a.I, ii, iv
b. I, ii, iii
c. All
d. None
134. Which of the following are offenses under IT Act 2000.
i)Tampering with computer source documentsii) Hacking with computer system
iii)Publishing private key details
iv) Fails to assist any agency of got to
a.I, ii, iv
b. I, ii, iii
c. All
d. None
135. Match the penalty to furnish info with amount.
i)Penalty if failed to furnish any
1) 10000/day
document to controller
2) 1 lakh to 50000 for each failureii)If failed to file any return
3) Rs 15000/day
iv)Failed to maintain book
4) Rs 5000/day
a.i-2, ii-4, ii-1b. i-3, ii-4, iii-2
c. i-3, ii-1, iii-2d. i-2, ii-3, iii-1136. Which of the following are functions of cyber appellate tribunal:-
i)Receiving evidence on affidavit
ii) Reviewing its decisions
iii)Issuing commissions for examinations of witness or documents
iv)Dismissing an application for default or deciding it ex-prate
a.I, ii, iv
b. I, ii, iii
c. All
d. None137. State the order of filling the cases:-
i)If not satisfied fichu in the high courtii) File the case with educating officer
iii)File the case with cyber appellate
iv) File the case with civil court
a.ii, iii, I
b. ii, iii, iv, I
c. I, ii, iii, iv
d. iv, ii, I, iii
138. Match the rights unpaid seller of the goods with their meaning:
i)Right of stoppage in transit1) The retained goods can be reselling at good price
ii)Right of resale
2) If goods are in possession, seller has every right to retain
the goods.
iii)Right of lien
3) The seller has every right to stop goods is transit
a.i-3, ii-1, iii-2b. i-3, ii-2, iii-1
c. i-2, ii-3, ii-1
d. i-1, ii-2, iii-3
139. Which of the following are reasons for development of commercei)Diversity of human wants
ii) Division of labor and specialization
iii)Scarcity of natural resourcesiv) Diversity of natural resourcesa.I, ii, iii
b. ii, iii, iv
c. All
d. None
140. Which of the following are valid types of invoices:
i)Import invoice
ii) Inland invoiceiii) Foreign invoiceiv) Proforma invoice
a.ii, iii, iv
b. I, ii, iv
c. All
d. None
141. State the order of transformation of transaction to a contract:-
i)Contract
ii) Proposal
iii) Agreement
iv) Promise
a.ii, iv, iii, I
b. ii, iii, iv, I
c. iv, I, ii, iii
d. iv, ii, I, iii142. Match the terms with meaning:-
i)Proposal
1) Agreement when accepted by both.
ii)Promise
2) The person who signifies his willingness to do
iii)Agreement
3) Every promise and every set of promises
iv)Contract
4) Agreement when enforced by lawa.i-2, ii-3, iii-4, iv-1
b. i-2, ii-4, iii-3, iv-5c.i-2, ii-4, iii-1, iv-5
d. i-2, ii-4, iii-1, iv-5143. Which of the following are documents related to foreign exchange Regulation:-
i)Form c
ii) GR|PP formsiii) VP\COD formsiv) GP forms
a.ii, iii only
b. ii, iii, iv
c. None
d. All
16Bhargavi Institute of Management and Technology, KPHB, Ph:-040-23068451