UGC-NET Management Model Paper-11
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Test Preparation on UGC NET Management Model Paper-12
1.
The First category dependants of aworker are
1
Widow, son, Daughter
2
Widow, legitimate minor son, legitimateunmarried daughter, mother who isalso widow
3
Widow, all categories of minor sons,daughters, mother, father.
2.
The contracts in which one promises tosave the other from loss caused to him bythe conduct of promisor or any otherperson is a contract of
1
Guarantee
2
Indemnity
3
Bailment
3.
Fire Insurance is a contract of
1
Guarantee
2
Indemnity
3
Agency
4.
A contract of Indemnity shall be
1
Express
2
Implied
3
Both
5.
The contract to perform the promise ordischarge the liability of a third person incase of his default, is a contract of
1
Indemnity
2
Guarantee
3
Agency
6.
The person to whom the guarantee is givenis called
1
Debtor
2
Creditor
3
Surety
7.
A guarantee has to be
1
Oral
2
in writing
3
both
8.
The contract of guarantee requires theconcurrence of
1
Debtor, Creditor, Surety
2
Debtor and surety
3
Creditor and surety
9.
In a contract of Indemnity, we will have
1
2 parties
2
3 parties
3
2 or more parties
10.
In a contract of guarantee there are
1
3 parties
2
2 parties
3
2 or more parties
11.
In a contract of guarantee
1
Only one contract is made betweenDebtor and Creditor
2
Two contracts are made, one betweenDebtor and Creditor & Debtor & Surety,or the other
3
Two contracts are made, one betweencreditor and Debtor and anotherbetween creditor and surety
12.
A guarantee which extends to a series oftransaction is called
1
Multiple guarantee
2
Variable guarantee
3
Continuing guarantee
13.
In case of default by the Debtor, the suretyon payment of principal debt steps in theshoes of
1
Debtor
2
Creditor
3
None
14.
Every benefit of every security, which thecreditor is having, can be claimed by
1
Surety
2
Debtor
3
None
15.
A surety is not liable
1
If the terms of contract are changed
2
If the terms of contract are changedwithout his consent
3
None of these
16.
Handing over a cloth to a tailor is a contractof:
1
Agency
2
Guarantee
3
Bailment
17.
Lending a novel to a friend is a contract
1
Indemnity
2
Bailment
3
Agency
18.
Pledging the property to a pawn broker forborrowing money is a contract of
1
Bailment
2
Money Lending
3
Indemnity
19.
A contract of Bailment to
1
Specific contract
2
Quasi contract
3
Ordinary contract
20.
In a contract of bailment the most essentialfeature is
1
Agreement
2
Delivery of goods
3
Custody of goods
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