JNTU
JNTU MBA 2023 LEGAL AND BUSINESS ENVIRONMENT Previous Question Paper (March - 2023 - R19)
Note: i) Question paper consists of Part A, Part B. ii) Part A is compulsory, which carries 25 marks. In Part A, Answer all questions. iii) In Part B, Answer any one question from each unit. Each question carries 10 marks and may have a, b as sub questions.
Part A
List out different duties and liabilities of Directors.
Answer
The duties of directors include acting in accordance with the company's articles, acting in good faith to promote the success of the company, exercising independent judgment, and avoiding conflicts of interest. Their liabilities include personal liability for breach of fiduciary duty, liability for ultra vires acts, liability for fraudulent trading, and statutory penalties for non-compliance with the Companies Act, such as failure to maintain proper financial records or filing returns.
Discuss different types of Auction sale.
Answer
Auction sales can be categorized into several types: English Auction, where the price starts low and increases with bids; Dutch Auction, where the price starts high and decreases until a bidder accepts; Sealed-bid Auction, where bidders submit private bids; and Vickrey Auction, a sealed-bid auction where the winner pays the price of the second-highest bid. Additionally, auctions may be conducted with or without a reserve price.
Differentiate holder and holder in due course.
Answer
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What are the different benefits of Five Year Planning?
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List out different features of IT Act 2000.
Answer
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Part B
Illustrate the procedure for incorporation of the company under Companies Act, 2013.
Answer
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Explain different Role and responsibilities of Audit as well as Auditors.
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What is the procedure to implement the Resolutions taken in the meetings?
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Explain the Nature and types of Contract.
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Discuss different features of Sale of goods Act -1930.
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Explain different Remedies for Breach of contract with suitable examples.
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What are the different Essential elements of Contract of Agency?
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Differentiate Bill of exchange and a Promissory Note with its benefits.
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What is meant by dishonor by non-payment and dishonor by non-acceptance?
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Discuss different modes of discharge of instrument and discharge of parties.
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Differentiate General crossing and special crossing of a cheque.
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Explain different reforms introduced by Banking Sector for the development and encourage business organisation.
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Discuss different components of Fiscal Policy with suitable examples.
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Demonstrate different reforms taken in the Monetary Policy for the development of Banking Sector in India.
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Define Intellectual Property Rights. Explain different types of Intellectual Property Rights with suitable examples.
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Discuss the role of Green Tribunal in protecting Environment.
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Explain different features of Environmental Law particularly under Air pollution Act.
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