Question Paper CA-CPT Mercantile low
1. A promissory Note is NOT a Document of Title to Goods.
a. True
b. False
c. Partly True
d. Conditionally True
Ans. (a)
2. A Mate’s Receipt (given by the Servant / Mate of the Captain of a Ship) is a-
a. Document of Title to Goods
b. Documents showing Title to Goods
c. Acknowledgement for receipt of Goods
d. Instrument of Transfer
Ans. (c)
3. “Warehouse – Keeper’s Certificate” is a document of title to ‘goods’ within the meaning of Selection 2(4) of the sale of Goods Act.
a. True
b. False
c. Partly True
d. Conditionally True
Ans. (a)
4. Under the Sale of Goods Act, 1930 , ”Wharfinger’s Certificate” is a-
a. Document of Title
b. Document showing Title
c. Certificate equivalent to a Negotiable Instrument
d. Delivery Order
Ans. (a)
5. Which of these is a Document of Title to Goods?
a. Usance Promissory Note
b. International Bill of Exchange
c. Bill of Lading
d. Account Payee Crossed Cheque
Ans. (c)
6. Which of these is NOT a Document of Title to Goods?
a. Bill of Lading
b. Railway Receipt
c. Dock Warrant
d. Bearer
Ans. (d)
7. Which of these is NOT a Document of Title to Goods?
a. Warehouse Kepper’s Certificate
b. Warehouse’s Certificate
c. Bill of exchange
d. Dock Warrant
Ans. (c)
8. Which of these is NOT a Document of Title to Goods?
a. Multimodal Transport Document
b. Bill of Lading
c. Promissory Note
d. Railway Receipt
Ans. (c)
9. Dock Warrant is a-
a. Document showing title to Goods
b. Document of Title to Goods
c. Bill of Exchange
d. Warrant for Arrest of a Person
Ans. (b)
10. Several provisions of the Indian Contract Act have been retained in the Sale of Goods Act,1930 to meet the need of both the buyers and sellers.
a. True
b. Partly True
c. False
d. None of the above
Ans. (c)
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