Contracts Management (3160614) MCQs

MCQs of Construction Contracts

Showing 21 to 26 out of 26 Questions
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21.

In which type of contract owner acts as a promoter and deligates a large firm to perform both design and construction ?

(a)

Turn Key Contract
(b)

Design Build Contract
(c)

Item Rate Contract
(d)

Cost Plus Contract
Answer:

Option (b)

22.

Concession Period in BOT contract is the period of ________.

(a)

Time required for construction of facility
(b)

Time required for maintenance of facility
(c)

Time required to recover the cost incurred by the contractor
(d)

Time required to complete the project
Answer:

Option (c)

23.

To award the BOT contract, which conditions are evaluated?

(a)

Contractor's Income Tax Return
(b)

Contractor's Cash Flow Projections
(c)

Contractor's Medical History
(d)

Contractor's Criminal Background
Answer:

Option (b)

24.

Which of the following can act as party to a contract?

(a)

Limited Liability Company (LLC)
(b)

Limited Liablility Partnership (LLP)
(c)

Corporations
(d)

All of the above
Answer:

Option (d)

25.

According to Section 10 of Indian Contract Act, 1872 which of the following conditions needs to be satisfied for making an agreement a legally binding contract?

(a)

There should be an Offer
(b)

There must be an Acceptance to the offer
(c)

Parties must be competent to contract
(d)

All of the above
Answer:

Option (d)

26.

Which of the following condition can make contract legalley invalid?

(a)

A contract has lawful consideration
(b)

A contract is made by free consent of parties
(c)

A contract is termed as Void legally
(d)

A contract has offer and acceptance
Answer:

Option (c)

Showing 21 to 26 out of 26 Questions
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