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12th Standard Commerce The Sale of Goods Act 1930 English Medium Free Online Test One Mark Questions 2020 - 2021

12th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  1. Sale of Goods Act was passed in the year

    (a)

    1940

    (b)

    1997

    (c)

    1930

    (d)

    1960

  2. In which of the following types, the ownership is immediately transferred to buyer?

    (a)

    When goods are ascertained

    (b)

    When goods are appropriate

    (c)

    Delivery to the carrier

    (d)

    Sale or return basis

  3. Unpaid seller can exercise his right of lien over the goods, where he is in possession of the goods as

    (a)

    Owner of goods

    (b)

    Agent of buyer

    (c)

    Bailee for buyer

    (d)

    All of these

  4. Sale of Goods Act was passed in the year

    (a)

    1986

    (b)

    1930

    (c)

    1982

    (d)

    1955

  5. The subject matter of contract of sale must he

    (a)

    ggods

    (b)

    cash

    (c)

    credit

    (d)

    all of these

  6. The voluntary transfer of possession form one person to another is called

    (a)

    Transfer

    (b)

    Change of possession

    (c)

    Delivery

    (d)

    None of these

  7. The possession of the finder of lost goods is that of:

    (a)

    Bailee

    (b)

    Bailor

    (c)

    Creditor

    (d)

    True owner

  8. ____________ denote goods identified and agreed upon at the time of contract of sale.

    (a)

    Ascertained goods

    (b)

    Specific Goods

    (c)

    Generic goods

    (d)

    Unascertained goods

  9. ______________ means that the goods must be saleable in the market under that denomination.

    (a)

    Sale by sample

    (b)

    Wholesomeness

    (c)

    Merchantability

    (d)

    None of these

  10. A sale is said to be completed when _______________ is transferred from one party to the other party.

    (a)

    Money

    (b)

    Goods

    (c)

    Interest

    (d)

    Ownership

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TN 12th Standard Commerce free Online practice tests

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