Arear on salary are taxable on

Receipt or due whichever is earlier

The HUF is said to be resident in India if

The control and management of its

The control and management of its affairs is

The control and management of its

R Ltd. Is an Indian company whose place of effective management is outside India. R Ltd., shall be:

not ordinarily resident in India

which of the following are the basic condition to become resident of india

He must be in India for 182 days or more in relevent

He must be in India for 60 days or more in

salary is chargeable to tax on

Receipt or due whichever is earlier

Incomes which accrue or arise outside India but received directly in India are taxable in case of

resident and ordinarily resident only

resident but not ordinarily resident

Which of the following is an offer?

The mere quotation of terms by trader.

The quotation of the lowest price in answer to enquiry.

Advertisement for sale or auction of goods.

A promised B to obtain an employment for him in a public office. B promised to pay 2,000 to A for this. B gets a job through A but refuses to pay the money. A can

challenge B’s appointment on the ground of non-payment of money

Which one of the following is not a characteristics of a contingent contract?

performance depends upon a future event.

the event must be collateral to the contract.

there must be reciprocal promises

A paid 500 to a Government servant to get him a contract for the canteen. The Government servant could not get the contract. Can A recover 500 paid by him to the Government servant?

Yes, the agreement between them is valid and enforceable.

Yes, the agreement is not opposed to public policy.

No, the agreement is a voidable agreement and can be avoided by A.

An offer does not lapse if the

acceptance is made by the offeree with knowledge of the death of the offeror.

offeror dies before acceptance.

acceptance is made by the offeree in ignorance of the death of the offeror.

acceptance is made by the offeree with knowledge of the death of the offeror.

Which of the following statement is true in connection with Quasi-contract?

A Quasi-contract is a revoking contract.

Damages cannot be claimed for breach of Quasi-contractual right.

In pretended bidding, sale is

voidable at the option of the seller.

voidable at the option of the buyer

cannot be subject matter of sale

can be the subject matter of sale.

cannot be subject matter of sale

sometimes may be the subject matter of sale

In a Book depot a catalogue of book enlisting the price of each book and specifying theplace where the particular book is available is

an invitation to visit the book shop.

The communication of an acceptance is complete as against the acceptor

when it is put in the course of transmission.

when it comes to the knowledge of the proposer.

not contracts in the real sense of the world.

relations which create certain obligations resembling those created by a contract

“Nemo dat quad non habet”, means

every one can give everything he has

none can give who does not himself posses.

every one can give everything he has

everyone is bound by his habit.

370 + Mcqs in Law in UGC-NET Page 1 McqOptions

1.	Arear on salary are taxable on
A.	Receipt
B.	due
C.	Receipt or due whichever is earlier
D.	none of the above
Answer» B. due

Discussion

2.	The HUF is said to be resident in India if
A.	The control and management of its affairs is
B.	The control and management of its
C.	The control and management of its
D.	None of the above
Answer» B. The control and management of its

Discussion

3.	A is a non-cash benefit granted by an employer to the employee
A.	Allowance
B.	Perquisites
C.	pension
D.	none of the above
Answer» D. none of the above

Discussion

4.	An allowance to meet the expenses in connection with the rent of the house, by whatever name called
A.	House Rent allowance
B.	Perquisites
C.	pension
D.	none of the above
Answer» B. Perquisites

Discussion

5.	is a retirement benefit given by the employer to the employee in consideration of past
A.	Gratuity
B.	Dearness allowance
C.	Lunch allowance
D.	House Rent allowance
Answer» B. Dearness allowance

Discussion

6.	Advance salary would be taxable basis
A.	Due
B.	receipts
C.	both a & b
D.	none of the above
Answer» C. both a & b

Discussion

7.	R Ltd. Is an Indian company whose place of effective management is outside India. R Ltd., shall be:
A.	resident in India
B.	non-resident in India
C.	not ordinarily resident in India
D.	nt and ordinarily residen
Answer» B. non-resident in India

Discussion

8.	.A is entitled to children education allowance @ Rs. 80 p.m. per child for 3 children amounting Rs. 240 p.m. It will be
A.	200
B.	260
C.	160
D.	240
Answer» D. 240

Discussion

9.	Benefits Given in kind are
A.	Allowance
B.	Perquisites
C.	both a and b
D.	none of the above
Answer» C. both a and b

Discussion

10.	Allowances to Judges of High Court/Supreme Court (Subject to certain conditions)
A.	Taxable
B.	Not taxable
C.	Both A & B
D.	none of the above
Answer» C. Both A & B

Discussion

11.	Full form of TDS
A.	Tax deducted at source
B.	Tax deducted for source
C.	tax deducted by source
D.	none of above
Answer» B. Tax deducted for source

Discussion

12.	Which of the allowances are fully taxable
A.	Dearness allowance
B.	Lunch allowance
C.	Medical allowance
D.	All of the above
Answer» E.

Discussion

13.	It is an extra amount given to an employee to meet the burden of inflation or increased cost of living.
A.	House Rent allowance
B.	Dearness allowance
C.	both a and b
D.	none of the above
Answer» C. both a and b

Discussion

14.	which of the following are the basic condition to become resident of india
A.	He must be in India for 182 days or more in relevent
B.	He must be in India for 60 days or more in
C.	both a and b
D.	none of the above
Answer» C. both a and b

Discussion

15.	Previous year means the financial year immediately preceding the
A.	Accounting year
B.	Assesment year
C.	non of the above
D.	both
Answer» C. non of the above

Discussion

16.	Salary should have relationship
A.	employer employee
B.	Master and servent
C.	both a and b
D.	none of the above
Answer» D. none of the above

Discussion

17.	salary is chargeable to tax on
A.	Receipt
B.	due
C.	Receipt or due whichever is earlier
D.	none of the above
Answer» D. none of the above

Discussion

18.	government in country
A.	tax
B.	penalty
C.	fine
D.	none of the above
Answer» B. penalty

Discussion

19.	means fixed quantum of money given regularly in addition to salary to meet particular
A.	Allowance
B.	Perquisites
C.	pension
D.	none of the above
Answer» B. Perquisites

Discussion

20.	The Company may have the residential status as
A.	Resident and non resident
B.	non ordinary resident
C.	ordinary Resident
D.	none of the above
Answer» B. non ordinary resident

Discussion

21.	which of the following heads are the head of Income under Income tax Act 1961
A.	salary
B.	capital gain
C.	House Property
D.	All of the above
Answer» E.

Discussion

22.	What is the section of Incidence of law
A.	6
B.	5
C.	7
D.	4
Answer» C. 7

Discussion

23.	against the profit or income of that particular year.
A.	set off
B.	carry forward
C.	none of above
D.	both of above
Answer» B. carry forward

Discussion

24.	Outstanding salary would be taxable basis
A.	Due
B.	receipts
C.	both a & b
D.	none of the above
Answer» B. receipts

Discussion

25.	which of the following are the persons under sec2(A)
A.	Individual
B.	firm
C.	body of person
D.	All of the above
Answer» E.

Discussion

26.	Incomes which accrue or arise outside India but received directly in India are taxable in case of
A.	resident and ordinarily resident only
B.	resident but not ordinarily resident
C.	non-resident
D.	All of the above
Answer» E.

Discussion

27.	Capital LosseCan be carry forward up to next assessment years from the assessment year in which
A.	8
B.	4
C.	2
D.	5
Answer» B. 4

Discussion

28.	Which of the following is an offer?
A.	The mere quotation of terms by trader.
B.	The quotation of the lowest price in answer to enquiry.
C.	Advertisement for sale or auction of goods.
D.	Bids in an auction sale.
Answer» E.

Discussion

29.	Consider the following statements: Consideration is 1. A motive for any promise 2. A price for any promise 3. Only a moral obligation 4. Something of value in the eye of law of these statements.
A.	1, 2 and 3 are correct.
B.	1 and 4 are correct.
C.	2 and 4 are correct
D.	3 alone is correct
Answer» D. 3 alone is correct

Discussion

30.	A contractor had to supply the army charpoys in certain quantities by instalments. He failed to supply the requisite number and even after that breach the instalment of charpoys was received by army authorities. Meanwhile, the work orders were however cancelled. The orders cancelling the work order were
A.	valid
B.	void
C.	without authority
D.	contractor could claim damages
Answer» C. without authority

Discussion

31.	A promises B to pay 100 if it rains on Monday and B promises A to pay 100 if it does notrain on Monday. This agreement is
A.	a valid agreement
B.	a voidable agreement
C.	a wagering agreement
D.	an illegal agreement
Answer» D. an illegal agreement

Discussion

32.	________________ is a form of comb ination of buyers to prevent competition amongthemselves at an auction sale.
A.	Knock-out agreement
B.	Monopoly agreement
C.	Oligopoly agreement
D.	Puffing agreement
Answer» B. Monopoly agreement

Discussion

33.	A promised B to obtain an employment for him in a public office. B promised to pay 2,000 to A for this. B gets a job through A but refuses to pay the money. A can
A.	challenge B’s appointment on the ground of non-payment of money
B.	sue B for 2,000
C.	do nothing
D.	Both (A) and (B)
Answer» D. Both (A) and (B)

Discussion

34.	A agrees to sell to B a “hundred tons of oil”. There is nothing whatever to show what kind ofoil was intended. The agreement is
A.	valid
B.	void for uncertainty
C.	voidable
D.	illegal
Answer» C. voidable

Discussion

35.	Which one of the following is not a characteristics of a contingent contract?
A.	performance depends upon a future event.
B.	the event must be uncertain
C.	the event must be collateral to the contract.
D.	there must be reciprocal promises
Answer» E.

Discussion

36.	A paid 500 to a Government servant to get him a contract for the canteen. The Government servant could not get the contract. Can A recover 500 paid by him to the Government servant?
A.	Yes, the agreement between them is valid and enforceable.
B.	Yes, the agreement is not opposed to public policy.
C.	No, the agreement is a voidable agreement and can be avoided by A.
D.	No, the agreement is void.
Answer» E.

Discussion

37.	Contracts contingent upon the non-happening of the future uncertain event becomes voidwhen such event:
A.	Happen
B.	Does not happen
C.	The event becomes impossible
D.	None of the above
Answer» B. Does not happen

Discussion

38.	A Promissory Note must be
A.	in writing
B.	unconditional
C.	signed by the maker
D.	all of the above
Answer» E.

Discussion

39.	An offer does not lapse if the
A.	offeror dies before acceptance.
B.	offeree dies before acceptance
C.	acceptance is made by the offeree in ignorance of the death of the offeror.
D.	acceptance is made by the offeree with knowledge of the death of the offeror.
Answer» D. acceptance is made by the offeree with knowledge of the death of the offeror.

Discussion

40.	An advertisement for sale of goods by auction. This is a case of
A.	General offer
B.	An offer to hold such sale
C.	An invitation to offer
D.	Implied offer
Answer» B. An offer to hold such sale

Discussion

41.	A finder of goods can sell the goods if
A.	the goods are ascertained.
B.	the goods are un-ascertained.
C.	the goods are valuable.
D.	the goods are perishable.
Answer» E.

Discussion

42.	Which of the following statement is true in connection with Quasi-contract?
A.	It is imposed by law.
B.	A Quasi-contract is a revoking contract.
C.	Damages cannot be claimed for breach of Quasi-contractual right.
D.	It arises out of an agreement.
Answer» B. A Quasi-contract is a revoking contract.

Discussion

43.	In pretended bidding, sale is
A.	voidable at the option of the seller.
B.	valid
C.	voidable at the option of the buyer
D.	illegal
Answer» D. illegal

Discussion

44.	Right of stoppage in transit can be exercised by the Unpaid Seller, where the Buyer:
A.	is solvent
B.	becomes insolvent
C.	acts fraudulently
D.	acts smartly
Answer» C. acts fraudulently

Discussion

45.	Future Goods
A.	can be the subject matter of sale.
B.	cannot be subject matter of sale
C.	sometimes may be the subject matter of sale
D.	depends on circumstances
Answer» B. cannot be subject matter of sale

Discussion

46.	In a Book depot a catalogue of book enlisting the price of each book and specifying theplace where the particular book is available is
A.	an invitation to offer.
B.	an offer.
C.	an invitation to visit the book shop.
D.	None of the above
Answer» D. None of the above

Discussion

47.	The communication of an acceptance is complete as against the acceptor
A.	when it is posted by him.
B.	when it is put in the course of transmission.
C.	when it comes to the knowledge of the proposer.
D.	None of the above
Answer» D. None of the above

Discussion

48.	Quasi-Contracts are
A.	not contracts in the real sense of the world.
B.	relations which create certain obligations resembling those created by a contract
C.	implied contracts
D.	unenforceable contracts
Answer» C. implied contracts

Discussion

49.	Under Section 118 of the Negotiable Instruments Act, 1881, it is presumed, until the contrary is proved, that every transfer of a negotiable instrument was made:
A.	after its maturity
B.	before its maturity
C.	at its maturity
D.	none of the above
Answer» C. at its maturity

Discussion

50.	“Nemo dat quad non habet”, means
A.	non one is greater than God.
B.	none can give who does not himself posses.
C.	every one can give everything he has
D.	everyone is bound by his habit.
Answer» C. every one can give everything he has

Discussion

Explore topic-wise MCQs in UGC-NET.

Arear on salary are taxable on

The HUF is said to be resident in India if

A is a non-cash benefit granted by an employer to the employee

An allowance to meet the expenses in connection with the rent of the house, by whatever name called

is a retirement benefit given by the employer to the employee in consideration of past

Advance salary would be taxable basis

R Ltd. Is an Indian company whose place of effective management is outside India. R Ltd., shall be:

.A is entitled to children education allowance @ Rs. 80 p.m. per child for 3 children amounting Rs. 240 p.m. It will be

Benefits Given in kind are

Allowances to Judges of High Court/Supreme Court (Subject to certain conditions)

Full form of TDS

Which of the allowances are fully taxable

It is an extra amount given to an employee to meet the burden of inflation or increased cost of living.

which of the following are the basic condition to become resident of india

Previous year means the financial year immediately preceding the

Salary should have relationship

salary is chargeable to tax on

government in country

means fixed quantum of money given regularly in addition to salary to meet particular

The Company may have the residential status as

which of the following heads are the head of Income under Income tax Act 1961

What is the section of Incidence of law

against the profit or income of that particular year.

Outstanding salary would be taxable basis

which of the following are the persons under sec2(A)

Incomes which accrue or arise outside India but received directly in India are taxable in case of

Capital LosseCan be carry forward up to next assessment years from the assessment year in which

Which of the following is an offer?

Consider the following statements: Consideration is 1. A motive for any promise 2. A price for any promise 3. Only a moral obligation 4. Something of value in the eye of law of these statements.

A promises B to pay 100 if it rains on Monday and B promises A to pay 100 if it does notrain on Monday. This agreement is

________________ is a form of comb ination of buyers to prevent competition amongthemselves at an auction sale.

A promised B to obtain an employment for him in a public office. B promised to pay 2,000 to A for this. B gets a job through A but refuses to pay the money. A can

A agrees to sell to B a “hundred tons of oil”. There is nothing whatever to show what kind ofoil was intended. The agreement is

Which one of the following is not a characteristics of a contingent contract?

A paid 500 to a Government servant to get him a contract for the canteen. The Government servant could not get the contract. Can A recover 500 paid by him to the Government servant?

Contracts contingent upon the non-happening of the future uncertain event becomes voidwhen such event:

A Promissory Note must be

An offer does not lapse if the

An advertisement for sale of goods by auction. This is a case of

A finder of goods can sell the goods if

Which of the following statement is true in connection with Quasi-contract?

In pretended bidding, sale is

Right of stoppage in transit can be exercised by the Unpaid Seller, where the Buyer:

Future Goods

In a Book depot a catalogue of book enlisting the price of each book and specifying theplace where the particular book is available is

The communication of an acceptance is complete as against the acceptor

Quasi-Contracts are

Under Section 118 of the Negotiable Instruments Act, 1881, it is presumed, until the contrary is proved, that every transfer of a negotiable instrument was made:

“Nemo dat quad non habet”, means