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Questions and Answers

Right to Property is a:

  • Fundamental Right
  • Constitutional Right (correct)
  • Administrative Law of the land
  • None of the above
  • The Constitution of India describes India as:

  • A federation
  • Quasi-federal
  • A Union of states (correct)
  • None of the above
  • Constitution is the:

  • Fundamental Duty
  • Law of the land (correct)
  • Constitutional Law of the land
  • None of the above
  • What is the chief source of legal authority in India?

    <p>Constitution of India</p> Signup and view all the answers

    Which of the following is described as the 'Soul of the Constitution'?

    <p>Preamble</p> Signup and view all the answers

    The Preamble to the Indian Constitution is based on:

    <p>Objectives Resolution' drafted &amp; moved by Pandit Nehru</p> Signup and view all the answers

    The term 'We' in Preamble means:

    <p>The People of India</p> Signup and view all the answers

    Indian Constitution ensures 'Justice' in which of the following form?

    <p>All of the above</p> Signup and view all the answers

    Preamble has been amended by which Amendment Act?

    <p>42nd Constitutional Amendment</p> Signup and view all the answers

    In which case, the Supreme Court specifically opined that Preamble is 'not' a part of the Constitution?

    <p>Berubari Union case</p> Signup and view all the answers

    In which case, the Supreme Court rejected the earlier opinion and held that Preamble is an integral part of the Constitution?

    <p>Kesavanada Bharati case</p> Signup and view all the answers

    The Preamble states that the Constitution derives its authority from:

    <p>The People of India</p> Signup and view all the answers

    As per Preamble, date of adoption of the Constitution is:

    <p>26th January 1950</p> Signup and view all the answers

    42nd Constitutional Amendment (1976) added which of the terms to the Preamble?

    <p>Both (a) &amp; (b)</p> Signup and view all the answers

    Which part of the Indian Constitution expressly declares that India is a Sovereign Socialist Secular Democratic Republic?

    <p>Preamble</p> Signup and view all the answers

    'Economic Justice' as one of the objectives of the Indian Constitution has been provided in:

    <p>the Preamble and the Directive Principles of State Policy</p> Signup and view all the answers

    Study Notes

    Business Laws and Ethics (Paper - 5) - MCQ Bank

    • Right to Property: A Constitutional Right

    • India's Description in Constitution: A Union of states

    • Source of Legal Authority in India: The Constitution of India

    • Soul of the Constitution: The Preamble

    • Preamble's Basis: Philosophy of India, Objectives Resolution drafted by Pandit Nehru

    • "We" in Preamble: Refers to the People of India

    • Justice in Constitution: Social, economic, and political justice

    • Preamble Amendment Act: 42nd Constitutional Amendment

    • Supreme Court Ruling on Preamble (Negative): Berubari Union case

    • Supreme Court Ruling on Preamble (Affirmative): Kesavanada Bharati case

    • Constitutional Authority Source: The People of India

    • Constitution Adoption Date: 26th November 1949

    • 42nd Amendment Additions: Socialist and Secular

    • India's Fundamental Principles: Sovereign, Socialist, Secular, Democratic Republic

    • First Country with Preamble: USA

    • Preamble Inspirations: Russian Revolution

    • Ideals of Liberty, Equality, Fraternity Inspirations: French Revolution

    • 42nd Amendment: Added "Socialist" and "Secular" to the Preamble.

    • Word Missing from Preamble: Sovereign, Socialist and Democratic

    • India's Independence Status: Independent state, not a dependency of another nation

    • Basic Aims and Objectives Location in Indian Constitution: Part -1

    • Equality in Constitution: Lack of special privileges, adequate opportunities for all, no discrimination

    • Dr. B. R. Ambedkar's Trinity of ideals: Liberty, Flexibility and Fraternity

    • Acceptance of Proposal: By notice of acceptance, by performance of the condition of consideration, by acceptance of a reciprocal promise

    • Competence to contract: Parties needs to be of sound mind and above a certain age

    • Agreement and Essential Element of Contract: Offer , acceptance, lawful consideration, contractual capacity

    • Effect of Wagering Agreements: Void

    • Valid Contract: Agreement + legal obligation

    • Offer Genesis Examples: Invitation to offer, Declaration of intention, Offers made in joke

    • Valid Contract Components: Offer and acceptance, Lawful consideration, Capacity of parties

    • Acceptance of Special Offer: Any person

    • Acceptance Mode Deviation: Offerer decides to keep quiet, this forms a valid contract

    • Acceptance Communication Completion: When the letter reaches the offerer

    • Agreements Without Consideration: Void

    • Promise to Compensate: Consideration in a contract, a past consideration

    • Consent by Fraud: Voidable at the option of aggrieved party

    • Parties to Agreement Under Mistake : Voidable

    • Requisites of Fraud: False assertion, knowledge, intent to deceive or recklessly

    • Value Considerations: Right, Interest, Profit, Forbearance or Benefit

    • Agreement by a Minor: Void

    • Minor's Contract for Necessaries: Valid

    • Minor Entering into Agreement: Voidable at the minor's option

    • Minor ratifying agreement: Valid if done after achieving majority

    • Minor Agreement: Void

    • Agreement Against Law/Morals: Void

    • Negotiable Instruments Act: Defines and amends the law relating to bills of exchange, promissory notes, and other negotiable instruments

    • "Banker" Designation: Anyone who acts as an employee of a post office savings bank

    • Examples of Non-Promissory Note: I.O.U., "I promise to pay B or order 500"

    • Preamble is 'not' a part of Constitution: Berubari Union case

    • Preamble is an integral part of Constitution: Kesavanada Bharati case

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