Question 1
In the Indian legal system, which of the following is regarded as the primary source of law?
Correct Answer:
Legislation (statutes enacted by Parliament and State Legislatures)
Question 2
Law that is created and enforced by the State through its recognised institutions is best described as:
Correct Answer:
Positive (man-made) law
Question 3
Subordinate (delegated) legislation refers to:
Correct Answer:
Rules, regulations, and by-laws made by an authority under powers delegated by the legislature
Question 4
The doctrine of binding judicial precedent, under which lower courts follow the decisions of higher courts, is known as:
Correct Answer:
Stare decisis
Question 5
Which court is the highest court of appeal in India and the apex of the judicial hierarchy?
Correct Answer:
The Supreme Court of India
Question 1
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Prepare with the CMA Foundation Paper 1 (FBLC) Practice Questions - ICMAI CMA Foundation Paper 1 Fundamentals of Business Laws and Business Communication Exam practice quiz. This question bank includes 100 questions covering contract, section, goods, sale, and agreement. Use it to review important concepts, identify knowledge gaps, and build confidence for the related exam, course, or assessment.

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CMA Foundation Paper 1 (FBLC) Practice Questions - ICMAI CMA Foundation Paper 1 Fundamentals of Business Laws and Business Communication Exam

This practice set contains 100 questions from the matching question bank and focuses on contract, section, goods, sale, and agreement. Work through each question carefully, review the provided solutions, and revisit topics that need more study before your next attempt.

This is an independent study resource intended for practice and review; it is not an official examination or an endorsement by any organization named in the title.

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