1.

Which company shares are freely company must have at least __

transferable? directors.
Public company 3, 2

2. Minimum no. of members in a public 12. A subsidiary of a government

company are company is also treated as a
7 Government company

3. Minimum no. of members in a private 13. The ____ of a government company is

company are appointed or reappointed by the
2 Comptroller and auditor general of
india.
4. What is known as charter of company? Auditor
Memorandum of association
14. A person who performs the
5. The ___ defines a company’s relations preliminary duties to bring a company
with outside world. into being and floats it is called a ____
MOA Promoter

6. Which of the following statements are
true for OPCs?
Follows the principle of perpetual
succession
7. Which of the following statements are
true for OPCs?
Has a distinct legal identity
8. Which of the following statements are
true for OPCs?
Is recognised under the companies
act 2013
9. Which of the following is not a stage
of the development of the company?
Promotion
Production
Incorporation
Commencement of business
15. Which of the following are the
functions of a promoter?
Decides the name of the company
Nomination of directors
Settles the details of MOA and AOA
All of these
16. ___ is neither an agent nor a trustee of
the company.
Promoters
17. For vetting the MOA and AOA as per
SPICE, eMoa and eAoa is required
True
18. Company is managed by
Shareholders
BODs
Karta
Both a and b

10. Which of the following companies are 19. A company proposing to issue a red
registered under the companies act herring prospectus shall file it with the
2013? registrar at least __ days prior to the
Private company opening of the subscription list and the
Public company offer
Government company 3
All of the above
20. A company filing a shelf prospectus
11. A public company must have at least shall be required to file an
__ directors whereas a private Information Memorandum
 Suit for specific performance
All of these
1. When the consent of a party is not
free, the contract is
8. Sometimes a party is entitled to
Voidable
claim compensation in proportion
to the work done by him. It is
2. Which of the following statements
possible by a suit for
is false?
Quantum meruit
Generally, a stranger to a contract
cannot sue
9. Generally, the following damages
A verbal promise to pay a time
are not recoverable
barred debt is valid
Ordinary damages
Completed gifts need no
Special damages
consideration
Remote damages
No consideration is needed to
Nominal damages
create an agency
10. Which of the following is true
3. Consideration must move at the
An agreement enforceable by law
desire of
is a contract
Promisor
An agreement is an accepted
proposal
4. On the valid performance of the
Both a and b
contractual obligations by the
None of these
parties, the contract
is discharged
11. A voidable contract is one which
Can be enforced at the option of
5. Which of the following persons
the aggrieved party
can perform the contract?
Can be enforced at the option of
Promisor alone
both parties
Legal representative of promisor
Cannot be enforced in the court of
Agent of promisor
law
All of these
Courts prohibit
6. A, B and C jointly promised to
12. Implied contract, even if not in
pay Rs.60,000 to D. Before
writing or express words, is
performance of contract, C dies.
perfectly valid if other conditions
Here, the contract,
are satisfied.
Becomes void on C’s death
True, as an implied contract has
Should be performed by A and
the same effect as an express
B along with c’s legal
contract
representative
False, as the contract act only
Should be performed by A and b
recognises express contracts
alone
Should be renewed between a, B
and d

7. In case of breach of contract,

which of the following remedy is
available to the aggrieved party?
Suit for rescission
Suit for damages
1-Intellectual Property Rights (Ans: d) 
(IPR) protect the use of
information and ideas that are of  7-Symbol of Maharaja of Air
a. Ethical value  India is 
b. Moral value  a. Copyright 
c. Social value  b. Patent 
d. Commercial value  c. Trademark 
(Ans: d)  d. All of the above 
(Ans: c) 
2-The term ‘Intellectual Property 8-In India, the literary work is
Rights’ covers  protected until 
a. Copyrights  a. Lifetime of author 
b. Know-how  b. 25 years after the death of
c. Trade dress  author 
d. All of the above  c. 40 years after the death of
(Ans: d)  author 
d. 60 years after the death of
3-The following can not be author 
exploited by assigning or by (Ans: d) 
licensing the rights to others. 
a. Patents  9-Design does not include 
b. Designs  a. features of shape 
c. Trademark  b. composition of lines or colours 
d. All of the above  c. mode or principle of
(Ans: c)  construction
4-The following can be patented  d. None of the above 
a. Machine  (Ans: c) 
b. Process 
c. Composition of matter  10-Which of the following is (are)
d. All of the above  included in Geographical
(Ans: d)  indications of Goods 
    a. Handicraft 
5-In ‘quid-pro-quo’, quo stands b. Foodstuff 
for  c. Manufactured 
a. knowledge disclosed to the d. All of the above 
public  (Ans: d) 
b. monopoly granted for the term
of the patent  11-In most countries, how long
c. exclusive privilege of making, does copyright last for? 
selling and using the invention  a. 10 years after the creation of the
d. None of the above  work 
(Ans: b)  b. 50 years after the creation of the
work 
6-Trade mark  c. 10 years after the death of the
a. is represented graphically  person who created that work 
b. is capable of distinguishing the d. 50 years after the death of the
goods or services of one person person who created that work 
from those of others 
c. may include shapes of goods or 12-Patent is a form of
combination of colours  a. Tangible Property
d. All of the above 
b. Intellectual Property
a. Limited period right
c. Industrial property
b. Territorial right
d. Both (b) and (c)
c. Absolute right
(Ans:d)
d. Both (a) and (b)
13-Patent protects
(Ans:c)
a. Discovery
17- Patentability criteria includes
b. Invention
a. Novelty
c. New invention
b. Inventive step
d. Both (a) and (b)
c. Capable of Industrial
(Ans:c) application

d. All the above

14-Invention means (Ans:d)

a. New product having inventive 18- Prior art includes

step and capable industrial
application a. Prior publication

b. New process b. Prior Use

c. New product or process having c. Prior Knowledge

inventive step and capable
industrial application d. All the above

d. None of the above

(Ans:c) (Ans:d)

15-Patent right is 19- Prior art search includes

a. Exclusive right a. Search of Patent literatures

b. Natural right b. Search of Non-patent literature

c. Property right c. Both (a) and (b)

d. Both (a) and (c) d. None of the above

(Ans:d) (Ans:c)

16-Patent right is 20- IPC means

a. Indian Patent Classification
b. International Panel Code
c. International Patent
Classification
d. International Postal Code
(Ans:c)
Q.No.1 The term “WIPO” stands
for:
(a). World Investment policy
organization
(b). World intellectual property
organization
(c). Wildlife Investigation and
Policing organization (d). World
institute for Prevention of
organized crime
(Ans:b)
Q. No.2 Which of the following is
an “intellectual property” as per
IPR Laws in India.
(a). Original literary work
(b). Industrial Design of
Maruti800 car (c). Trademark of
Tata company
(d). All the above
(Ans:d)
Q. No.3 True or False.
(a). Customs authorities has no
role in enforcement of Intellectual
property rights.
(b). Customs law empower
customs officers to take action
against IPR infringing goods at the
time of import.
(c). It is responsibility of Customs
officers to seize infringing goods
at the time of import even if the
IPR right holder is not interested
in enforcing his IPR.
(d). Customs holder normally
takes action against infringing
goods at the initiative of right
holder.
(Ans: a-False, b-True, c-False, d-
True)
Q. No.4) A company wishes to
ensure that no one else can use
their logo.
(a). Copy rights
(b). Trade mark
(c). Patent
(a). Industrial designs
(b). Geographical indications
(Ans:b)
Q. No.5. A singer wishes to assign
the rights to reproduce a video she
has made of her concert.
(a). Copy rights
(b). Trade mark
(c). Patent
(a). Industrial designs
(b). Geographical indications
(Ans:a)
Q. No.6 A new way to process
milk so that there is no fat in any
cheese made from it is covered
under:
(a). Copy rights
(b). Trade mark
(c). Patent
(a). Industrial designs
(b). Geographical indications
(Ans:c)
Q. No.7 A company has decided
to invest in outer shape design of
bottle in which they would fill the
perfume produced by them, and
which is distinctive, and they wish
to ensure that they have sole use.
(a). Copy rights
(b). Trade mark
(c). Patent
(a). Industrial designs
(e). Geographical indications
(Ans:b)
Q. No.8 A company decides to use
a logo that has the same shape as
its competitor but with a different
color. It is a violation of:
(a). Copy rights
(b). Trade mark
(c). Patent
(d). Industrial designs
(e). Geographical indications
(Ans:b)
Q. No.9 Which of the following is
not an intellectual property law?
(a). Copyright Act, 1957 (b).
Trademark Act, 1999 (c). Patent
Act, 1970
(d). Design Act, 2000
(e). Customs Act, 1962 (Ans:e)
Q .No.10 Copyright law applies to
forms of expression contained in-
(a). Song lyrics and musical
compositions (b). Sculptures and
paintings
(c). Dramatic and literary works
(d). All of the above
(Ans:d)
Q.No.11 A trademark is
represented by several key
characteristics. Which of the
following is one of them?
(a). A trademark identifies a
product's origin
(b). Slogans are not covered under
trademark law
(c). Trademarks are never an
indicator of quality
(d). Trademarks are "shorthand"
for retailers to use in determining
pricing strategy
(Ans:a)

Q.No.12 Which of the following
statements is true?
(a). Trademark registrations can
be renewed for an unlimited
number of ten- year periods
(b). Trademark law is intended to
protect the owner’s original work
(c). To qualify for federal
protection, a mark must be
distinctive and have a "secondary
meaning."
(d). Surnames alone can be
trademarked
(Ans:a)
Q. No.13 Trade in services
includes which of the following?
(a). Computer hardware (b).
Textiles
(c). Insurance
(d). Aerospace
(Ans:c)
Q .No.14 Trademark law
protects...
(a). Words, symbols or devices
that differentiate goods or services
from one another.
(b). Only brand names
(c). Names of specific people and
places
(d). Inventions that feature some
sort of utility function (Ans:a)
Q. No.15 Which of the following
principles is applicable to
trademarks?
(a). A trademark should be
distinctive
(b). A trademark should be
capable of distinguishing goods or
services (c). A trademark should
not cause confusion with previous
trademarks (d). A trademark
should not be deceptive
(e). All of the above
(Ans:e)
Q. No. 16: The term of copyright
for an author lasts how long?
(a). The life of the author
(b). The life of the author plus 60
years (c). 95 years
(d). 75 years
(Ans:b)
Q. No. 17: The rights provided by
copyrights are
(a). Reproduction of the work in
various forms
(b). Public performance and
translate into other languages (c).
Broadcasting by radio or cable
(d). All of the above
(Ans:d)
Q. No. 18. Why an invention
should be patented?
(a). It gives protection to a
patentable invention.

(b). It gives legal recognition to
the invention.
(c). It makes others aware of the
fact as to whom does the invention
belong (d). Patenting one’s
invention make useful data
relating to the invention available
to other inventions for further
research and development.
publishing a full disclosure of the
technical details of the invention
4. to benefit the public through
guaranteeing that the inventor can
commercialize his/her invention
(a). and (ii) above
(b). (i), (ii) and (iii) above (c). (ii),
(iii) and (iv) above

Out of four reasons given above,

identify the correct reasons:- (a).
(ii) and (iii) (d). None of the above (Ans:d)

(b). (ii), (iii) and (iv)

(c). None of the above

(d). All of the above (Ans:b)

Q.No.19. The rights of a patentee

are

(a). Sell or distribute

(b). License

(c). Assign the property to others

(d). All of the above

(Ans:d)

Q.No.20 A policy (or policies)

behind the patent system is...

1. to encourage an inventor to
disclose an invention by granting
exclusive rights

over the invention to the inventor

2. to benefit the public by limiting

the scope and term of the
exclusive rights granted to an
inventor

3. to benefit the public through

encouraging innovation by