Consumer Protection Test

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Consumer Protection Test - 19

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Weekly Quiz Competition

Question 1
1 / -0

Dividing the total market into several groups on the basis of consumer characteristics is known as:

A
Market segmentation

B
Market Development

C
Market Research

D
None of the above.

Solution

Dividing the total market into several groups on the basis of consumer characteristics is known as market segmentation. In this process, potential consumers are divided into different groups. Market segmentation is done to facilitate market research.
Hence, option (A) is the correct answer.
Question 2
1 / -0

Giving keys to buyer is __________ delivery.

A
Constructive

B
Symbolic

C
Actual

D
None of the above

Solution

Giving keys to a buyer is symbolic delivery. Symbolic delivery refers to the type of delivery when the goods are sold, but delivery of such goods will take time.
Question 3
1 / -0

Which of these is NOT a Document of Title to Goods?

A
Bill of Lading

B
Railway Receipt

C
Dock Warrant

D
Bearer Cheque

Solution

The bearer Cheque is not a document of Title to Goods. A cheque which is payable to any person who presents it for payment at the bank counter is called a bearer cheque.
Question 4
1 / -0

Which of the following are document of title of goods?

A
Performa invoice

B
Mate's receipt

C
Railway receipt

D
All of above

Solution

A document issued by a Railway Company to acknowledge receipt of goods is known as railway receipt. When the goods are sent by rail, the receipt received is known as the railway receipt. Railway receipts are a document of title of goods.
Question 5
1 / -0

"Goods" under the Sale of Goods Act, includes _______.

A
Money

B
Actionable claim

C
Both (a) and (b)

D
Neither (a) nor (b)

Solution

Goods under the Sale of Goods Act does not include money and actionable claims. Money acts as a medium of exchange of goods and actionable claims refer to a claim to any debt.
Hence, option (D) is the correct answer.
Question 6
1 / -0

"Jubilee Coins" are goods within the meaning of Section $$2(7)$$ of the Sale of Goods Act.

A
True

B
Partly True

C
False

D
None of the above

Solution

"Jubilee Coins" are goods within the meaning of Section2(7) of the Sale of Goods Act- this statement is true. Jubilee coins are those coins other than money and actionable claims.
Hence, option (A) is the correct answer.
Question 7
1 / -0

Which of the following is not a document of title to goods?

A
Bill of lading

B
Railway receipt

C
Dock warrant

D
Proforma invoice

Solution

A Proforma invoice is not a document of title to goods. Before the delivery of goods, a Proforma invoice is issued to the buyer as a bill of sale.
Question 8
1 / -0

A document issued by a Railway Company to acknowledge receipt of goods is known as ______.

A
Bill of lading

B
Railway receipt

C
Dock warrant

D
None of these

Solution

A document issued by a Railway Company to acknowledge receipt of goods is known as railway receipt.
Question 9
1 / -0

"Delivery" within the meaning of the Sale of Goods Act, can be _______.

A
Symbolic

B
Actual

C
Constructive

D
Either (a) or (b) or (c)

Solution

"Delivery" within the meaning of the Sale of Goods Act, can be:
a) Symbolic: When delivery of goods become inaccessible, then delivery of goods is done by way of gift or sale, which is known as symbolic delivery.
b) Actual: When delivery of goods is done to the buyers and the ownership of the goods is also transferred on the name of the buyers, it is known as actual delivery.
c) Constructive: When actual delivery is not possible, transfer of title by operation of law is done, which is known as constructive delivery.
Question 10
1 / -0

Which of the following is not correct in relation to hire purchase?

A
The property in goods passes to hirer along with its possession

B
The hirer is deemed to be a bailee till the payment of last instalment

C
The hirer can terminate the Contract by returning the goods

D
The hirer cannot transfer any title

Solution

The hirer is the party availing the facility in the hire-purchase agreement. Under the hire-purchase agreement, the goods are let on hire and in accordance with the terms of the agreement hirer can purchase the goods.Hence, option (A) is the correct answer.

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Re-Attempt Weekly Quiz Competition

Consumer Protection Test - 19

Result

Consumer Protection Test - 19

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SHARING IS CARING

Question 1

Market segmentation

Market Development

Market Research

None of the above.

Solution

Question 2

Constructive

Symbolic

Actual

None of the above

Solution

Question 3

Bill of Lading

Railway Receipt

Dock Warrant

Bearer Cheque

Solution

Question 4

Performa invoice

Mate's receipt

Railway receipt

All of above

Solution

Question 5

Money

Actionable claim

Both (a) and (b)

Neither (a) nor (b)

Solution

Question 6

True

Partly True

False

None of the above

Solution

Question 7

Bill of lading

Railway receipt

Dock warrant

Proforma invoice

Solution

Question 8

Bill of lading

Railway receipt

Dock warrant

None of these

Solution

Question 9

Symbolic

Actual

Constructive

Either (a) or (b) or (c)

Solution

Question 10

The property in goods passes to hirer along with its possession

The hirer is deemed to be a bailee till the payment of last instalment

The hirer can terminate the Contract by returning the goods

The hirer cannot transfer any title

Solution

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