Name of the University : Uttarakhand Open University
Degree : B.Com
Subject Code/Name : BC03 Business Law
Year : I
Document Type : Old Question Papers
Website : uou.ac.in
Download Model/Sample Question Paper : https://www.pdfquestion.in/uploads/uou.ac.in/4389.-BC-03.pdf
UOU Business Law Question Paper
B.Com.-10 (Bachelor of Commerce)
First Year, Examination, 2012
BC-03 BUISNESS LAW
Time : 3 Hours
Maximum Marks: 60
Related : UOU BBA201 Indian System of Business and Banking BBA Question Bank : www.pdfquestion.in/4756.html
Instructions
** This paper is of sixty (60) marks divided into three (03) sections.
** Learners are required to attempt the questions contained in these sections according to the detailed instructions
Model Questions
SECTION – A
(Long-answer – type questions)/ (nh- kZ mRrjh; iz’u )
Note : Answer any two (02) questions only. (2×15=30)
1. What do you understand by contracted capacity of parties-
2. What is free consent- When the consent not free-
3. What is bailment- Explain the right and duties of bailor.
4. Who is an unpaid selle- Describe briefly the rights of unpaid seller.
SECTION – B
(Short – answer – type questions)/ – – – – –
1. Distinguish between agreement and contact.
2. What is a contract of agency-
3. Distinguish between condition and warranty.
4. Who is holder in due course-
5. Define bill of Exchange and discuss its characterstics.
6. What do you understand by ruls of ‘Caveat Emptor’
7. What are the rules regarding a valid offer-
8. What is a contract-
9. What measures has the SEBI adopted to eliminate the discrepancies and bring out greater transparency in the Capital market? Explain.
10. Explain in detail the basic principles of insurance.
11. Define money. What are the main functions of the money? How money can be classified?
12. Discuss in detail the major challenges which the Indian Banking System is facing.
SECTION – C
(Objective – type questions) / – – – – –
Note : All the questions of this section are compulsory.
1. Acceptance may bea) Express b) Implied
c) Both of above d) None of above
2. How many parties are there in a contract of indemnity
a) Two b) Threec) Four d) Five
3. The bailment of goods can be made by the owner ofa)
c) Both the above d) none of the above
4. Which of the following have a right of general liena)Banker
c) Bailee d) Unpaid seller
5. A negotiable instrument payable to order can be transferred by
a) Simple delivery b) Endorsement
c) Endorsement and delivery d) all
,d vknsf”kr fofue; lk/; foys[k dk gLrkarj.k gks ldrk gS&
Write True or FalselR;
6. All contract without consideration are void
7. Damages are available in case consent is caused by coercion
8. if consideration is inadequate the contract would be void
9. A promise to pay a time-barred debt must be written and registered
10. A contract of insurance is a contract of indemnity
11. Indicate whether the following are true or false;
11.1 Deficit financing means that the government borrows money from the International Monetary Fund.
11.2 The Co-operative credit societies have a three-tier structure.
11.3 26 banks were nationalized in 1969 in India.
11.4 Ministry of Finance formulates the fiscal policy in India.
11.5 The banks are required to maintain a certain ratio between their cash in the hand and total assets. This is called Statutory Liquidity Ratio (SLR).
12. Indicate the correct answer-option;
12.1 Which of the following is not an organized sector in India?
A. Nationalised BanksB. Regional Rural Banks