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Raj lent a total of 50,000 rupees to two people He lent a certain amount to A at 10% per annum simple interest and lent the remaining amount to B at 5% per annum simple interest. He lent each amount for two years and received 8200 as the total interest. What is the sum he lent to the A?
Which of the following requirements form an essential element of 'course of employment' in cases of vicarious liability?
The servant's act must be:
1. Expressly or impliedly authorised by the master
2. Unauthorised manner of doing something which is authorised by the master.
3. Done to protect the interest of the master
4. Necessarily incidental to something which the servant is employed to do.
5. Done for the benefit of the master.
Select the correct answer using the given below:
Assertion (A): The bank is liable for misappropriation of money, given by the plaintiff to the bank's cashier, who is a friend of the plaintiff at his residence for depositing it in the bank.
Reason (R): The master is liable for the wrongful acts of the servant done during the course of employment.
In the following question, sentences of a paragraph have been jumbled and labelled as A, B, C and D. You are required to rearrange the jumbled sentences of the paragraph and mark your response accordingly by selecting the correct option. P: The Lapdog jumped into his master's lap and it lay there blinking while the Farmer stroked his ears. Q: A Farmer one day came to the stables to see to his beasts of burden: among them was his favourite ass, that was always well fed and often carried his master. R: The farmer felt in his pocket, gave the Lapdog some dainty food, and sat down while he gave his orders to his servant. S: With the Farmer came his Lapdog, who danced about and licked his hand and frisked about as happy as could be.
Which of the following statements are true/false?
1. The International Labour Office is the permanent secretariat of the ILO.
2. Convention 182 regarding worst forms of Child Labour has been ratified by India.
3. International Labour Conference is also known as an international Parliament of labour.
4. International Labour Conference is a forum for discussion of key social and labour questions.
5. Trade Unions are involved in collecting wage data including fringe and personal benefits.
6. Strikes, boycotts and gheraos are militant functions of trade union.
7. Ministrant functions of trade unions involve providing financial support to members during strikes and lockouts.
Which of the following statements are not true in relation to employment of contract labour in any establishment?
1. Supreme Court can abolish contract labour system in any establishment.
2. High Court can abolish contract labour and prohibit the principal employer from engaging contract labour where the government has not abolished the same.
3. An appropriate government and not the court can prohibit the employment of contract labour as per the provisions of law.
4. Neither the court nor the appropriate government can abolish the contract labour in any establishment.
Which of the following situations relate to joint liability?
1. When one person employs another to do an act which turns out to be a tort.
2. Master engages a servant to do an act which amounts to tort.
3. Two or more persons combine together to do an act amounting to tort.
4. Two or more persons do wrongful act resulting in one damage.
Select the correct answer using the given below:
When labour is plotted on X-axis and capital is plotted on Y-axis and an iso-quant is prepared, then which of the following statements is/are false ? (a) Marginal rate of technical substitution of labour for capital is equal to the slope of the iso-quant. (b) Marginal rate of technical substitution of labour for capital is equal to change in the units of capital divided by the change in the units of labour. (c) Marginal rate of technical substitution of labour for capital is the ratio of marginal productivity of capital to marginal productivity of labour.
When labour is plotted on X-axis and capital is plotted on Y-axis and an isoquant is prepared, then which of the following statement(s) is/arefalse?
1. Marginal rate of technical substitution of labour for capital is equal to the slope of the iso-quant.
2. Marginal rate of technical substitution of labour for capital is equal to change in the units of capital divided by the change in the units of labour.
3. Marginal rate of technical substitution of labour for capital is the ratio of marginal productivity of capital to marginal productivity of labour.
Consider the following statements:
In case of joint publication of defamatory statement:
1. A corporation is liable for the malice of its agent.
2. The proprietor of a newspaper is liable for the malice of the editor.
3. A lawyer is liable for the malice in the notice issued under the instructions of his client.
4. The employer is liable for the malice of a typist who types a defamatory letter as dictated by his employer.
Which of the statements given above are correct?