FOUNDATION EXAMINATION
MODEL QUESTION PAPER TERM – DEC 2023
PAPER - 1
FUNDAMENTALS OF BUSINESS LAWS AND BUSINESS COMMUNICATION
Time Allowed: 1 Hour Full Marks: 100
Answer all questions. Each question carries 2 marks.
1. The general rule of Sale of Goods Act is, risk prima facie passes with ______.
(a) Ownership О
(b) Possession O
(c) Delivery O
(d) Custody O
2. When goods are physically handed over by the seller to the buyer what does it
call?
(a) Symbolic О
(b) Actual O
(c) Constructive O
(d) None of the above O
3. Which of the following is/are type/s of Quasi-Contracts?
(a) Payment by an interested person (Sec 69) О
(b) Responsibility of finder of goods (Sec 71) O
(c) Money paid by mistake or under coercion (Sec 72) O
(d) None of the above O
4. Which Article of the Constitution of India empowers the legislature to make
laws?
(a) Article 12 О
(b) Article 243 O
(c) Article 141 O
(d) Article 245 O
5. Law is a ______ of rules.
(a) book О
(b) set O
(c) combination O
(d) none of the above O
6. The term ‘Negotiable instrument’ is defined in the Negotiable Instruments Act,
1881, under section ________________.
1
Directorate of Studies, The Institute of Cost Accountants of India
, FOUNDATION EXAMINATION
MODEL QUESTION PAPER TERM – DEC 2023
PAPER - 1
FUNDAMENTALS OF BUSINESS LAWS AND BUSINESS COMMUNICATION
(a) 12 О
(b) 13 O
(c) 13A O
(d) 2(d) O
7. _______ parties are involved in a Bill of exchange.
(a) Two О
(b) Six O
(c) Three O
(d) Four O
8. Who among the following cannot cross a cheque?
(a) Drawer О
(b) Holder O
(c) Banker O
(d) Foreigner O
9. Writing is _______________in nature?
(a) Personal О
(b) Impersonal O
(c) Neutral O
(d) Both (a) and (b) O
10. Business communications help in establishing ________________ when
marketing?
(a) Professionalism О
(b) Rudeness O
(c) Negativity O
(d) Casualness O
11. The Supreme Court of India can review its own orders or judgments under
Article ________.
(a) 137 О
(b) 127 O
(c) 136 O
(d) 135 O
12. What are the sources of law?
2
Directorate of Studies, The Institute of Cost Accountants of India
MODEL QUESTION PAPER TERM – DEC 2023
PAPER - 1
FUNDAMENTALS OF BUSINESS LAWS AND BUSINESS COMMUNICATION
Time Allowed: 1 Hour Full Marks: 100
Answer all questions. Each question carries 2 marks.
1. The general rule of Sale of Goods Act is, risk prima facie passes with ______.
(a) Ownership О
(b) Possession O
(c) Delivery O
(d) Custody O
2. When goods are physically handed over by the seller to the buyer what does it
call?
(a) Symbolic О
(b) Actual O
(c) Constructive O
(d) None of the above O
3. Which of the following is/are type/s of Quasi-Contracts?
(a) Payment by an interested person (Sec 69) О
(b) Responsibility of finder of goods (Sec 71) O
(c) Money paid by mistake or under coercion (Sec 72) O
(d) None of the above O
4. Which Article of the Constitution of India empowers the legislature to make
laws?
(a) Article 12 О
(b) Article 243 O
(c) Article 141 O
(d) Article 245 O
5. Law is a ______ of rules.
(a) book О
(b) set O
(c) combination O
(d) none of the above O
6. The term ‘Negotiable instrument’ is defined in the Negotiable Instruments Act,
1881, under section ________________.
1
Directorate of Studies, The Institute of Cost Accountants of India
, FOUNDATION EXAMINATION
MODEL QUESTION PAPER TERM – DEC 2023
PAPER - 1
FUNDAMENTALS OF BUSINESS LAWS AND BUSINESS COMMUNICATION
(a) 12 О
(b) 13 O
(c) 13A O
(d) 2(d) O
7. _______ parties are involved in a Bill of exchange.
(a) Two О
(b) Six O
(c) Three O
(d) Four O
8. Who among the following cannot cross a cheque?
(a) Drawer О
(b) Holder O
(c) Banker O
(d) Foreigner O
9. Writing is _______________in nature?
(a) Personal О
(b) Impersonal O
(c) Neutral O
(d) Both (a) and (b) O
10. Business communications help in establishing ________________ when
marketing?
(a) Professionalism О
(b) Rudeness O
(c) Negativity O
(d) Casualness O
11. The Supreme Court of India can review its own orders or judgments under
Article ________.
(a) 137 О
(b) 127 O
(c) 136 O
(d) 135 O
12. What are the sources of law?
2
Directorate of Studies, The Institute of Cost Accountants of India
