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DRIVE- SPRING 2014
PROGRAM- Bachelor of Business Administration- BBA
SEMESTER- III
SUBJECT CODE & NAME- BBA301
BK ID- B 1595
CREDIT & MARKS-4 Credits, 60 marks
Q.1: What are the various kinds of agencies?
On the basis of extent of authority
On the basis of nature of work
ANS:
On the basis of extent of authority:
Agents can be classified into the following three types on the basis of the extent of authority they enjoy:
i) Universal agents hold broad authority to act on behalf of the Principal e.g., they may hold a power of
Q.2: Define the meaning of a ‘Cheque’. Explain the crossing of a cheque and its types.
Meaning of ‘cheque
Crossing of a cheque’
Types of crossing
ANS:
Meaning of ‘cheque:
Cheque as a “bill of exchange drawn on a specified banker and not expressed to be payable otherwise than on demand and it includes the electronic image of truncated cheque and a cheque in the electronic form.”
Q.3: Explain different types of share capital.
Explanation
ANS:
Explanation:
Share capital refers to the capital issued by a company by the issue of shares. The share capital of a company may be classified as follows:
Q.4: “CPA provides for the establishment of the central consumer protection council”. Explain the objectives of the central council in the light of the above statement.
Explanation of objectives
ANS:
Explanation of objectives:
The primary objective of the Central Council is to promote and protect the rights of the customers. These
Q.5: What are the salient features of combination regulations under the Competition Act 2002?
Features
ANS:
Features
The salient features of combination regulations are:
· The Act has set very high threshold limit based on turnover or assets of the enterprises involved in combination for notification of combinations. The objective is to keep smaller combinations
Q.6: List the features and precautions of Trade mark Act, 1999.
Listing of features
Listing of precautions
ANS:
Listing of features:
1. Multi class applications are allowed in India. However, statutory filing fees will be applicable for each class.
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