Engineering Economics, Estimation and Costing (3170615) MCQs

MCQs of Contract

Showing 1 to 10 out of 23 Questions
1 2 3
1.

An agreement once made enforcible by law can be termed as______

(a)

Tender
(b)

Offer
(c)

Acceptance
(d)

Contract
Answer:

Option (d)

2.

In order to make an agreement valid, there must be a definite offer and ________

(a)

Aboslute and Unconditional Acceptance
(b)

Pure and Valid Acceptance
(c)

Absolute and Unconditional Offer
(d)

Conditional and Valid Acceptance
Answer:

Option (a)

3.

Which is the key act that regulates contracts in india?

(a)

Indian Arbitraction Act, 1940
(b)

Indian Penal Code, 1947
(c)

Indian Contract Act, 1872
(d)

Indian Civil Act, 1880
Answer:

Option (c)

4.

In which section of Indian Contract Act term offer and acceptance are defined ?

(a)

Section 4(a)
(b)

Section 2(a)
(c)

Section 3(b)
(d)

Section 18(a)
Answer:

Option (b)

5.

When one person significes to another his willingness to do something or to abstain from doing somethinfg he is said to make ________.

(a)

Offer
(b)

Contract
(c)

Acceptance
(d)

Agreement
Answer:

Option (a)

6.

Which of the following is not a legal requirement of a valid contract?

(a)

There must be a lawful consideration
(b)

The subject matter of the agreement must be legak and definite
(c)

The contract shall be made by parties competent to contract
(d)

Offer and acceptance should be done by only one part
Answer:

Option (d)

7.

Which of this is not a type of contract ?

(a)

Item Rate Contract
(b)

Open Contract
(c)

Percentage Rate Contract
(d)

Lump-Sum Contract
Answer:

Option (b)

8.

Which of this is not a type of Cost Plus Contract ?

(a)

Cost Plus Percentage Rate Contract
(b)

Target Contract
(c)

Piece work agreement
(d)

Cost plus sliding fee contract
Answer:

Option (c)

9.

In which type of contract bidders are allowed to quote rate of individual items?

(a)

BOT Contract
(b)

Item Rate Contract
(c)

Material supply Contract
(d)

Piece work agreement
Answer:

Option (b)

10.

In which type of contract possiblity of ring formation can be avoided?

(a)

Percentage Rate Contract
(b)

Material Supply Contract
(c)

Item Rate Contract
(d)

Labour Contract
Answer:

Option (c)

Showing 1 to 10 out of 23 Questions
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