Correct Answer:- Option-D
Question51:-Which of the following statement is true about Implied Contract?
A:-Contract which is not made in words.

B:-Contract in which there is no intention on either side to make a contract,
but the law imposes a contract.

C:-Contract which cannot be enforced in a court of law on account of some
technical defects.

D:-A promise made in words.
Correct Answer:- Option-A

Question52:-As per the negotiable instruments Act, 1881, Section 9 defines

A:-Holder
B:-Holder in due course
C:-Endorsement
D:-Payment in due course
Correct Answer:- Option-B
Question53:-Section 2A of Payment of Gratuity Act, 1972 defines
A:-Continuous Service
B:-Payment of Gratuity
C:-Controlling Authority
D:-Compulsory Insurance
Correct Answer:- Option-A

Question54:-In which of the following circumstances, a company may wind up by
Tribunal?

A:-lf the company is unable to pay its debts.

B:-If the company has acted against the interest of the sovereignty and
integrity of India, the security of state, friendly relation with foreign states, public
order, decency or morality.

C:-lf the company has made a default in filing with the registrar its financial
statement or annual return for immediately preceding five consecutive financial
years.

D:-All of these
Correct Answer:- Option-D
ണ്ട >6 rate of tax for the short term capital gain specified in Section 111
is

A:-20%

B:-15%

C:-10%

D:-30%