MCQs on Hire Purchase System, mcq on hire purchase system

MCQs on Hire Purchase System

Here, today we will proceed  from question no. 21 to  35  (MCQs on Hire Purchase System)

lets start,

21-  Under installment system the relationship between the buyer and seller is that of a ---

इन्सटॉलमेंट सिस्टम के तहत क्रेता और विक्रेता के बीच संबंध एक का होता है 

A-Buyer and seller

B-Bailor and Bailee

C-Pawner and Pawnee

D-Debtor and Creditor

Ans- D- Debtor and Credior

22-Under HPS, The risk of loss is born by --

HPS  के तहत, नुकसान का जोखिम किसके द्वारा पैदा होता है---

A-Buyer 

B-Hire Vendor 

C-Hirer

D-Debtor

Ans- B- Hire Vendor 

23-Under Installment System the risk of loss is born by --

A-Buyer 

B-Hire Vendor 

C-Hirer

D-Debtor

Ans-A- Buyer 

24-Under HPS who has the right of sell___ 

A-Buyer 

B-Hire Vendor 

C-Hirer

D-Debtor

Ans- B- Hire Vendor 

Note - HPS के तहत किराया विक्रेता (Vendor) को बेचने का अधिकार है।

25-Under HPS , if installment is not paid the hire vendor have right to ....

A-Sell the goods

B-Repossession of goods

C-Repair the goods

D-Purchase the goods 

Ans - B- Repossession of Goods

Note-HPS  के तहत अगर क्रेता इन्सटॉलमेंट का पेमेंट नहीं करता है तो  Hire Vendor को यह अधिकार है कि वह अपना गुड्स वापस ले सकता है। 

26-Under HPS, the agreement can be ...

A-Renewed 

B-Registered

C-Terminated 

D-Endorsed

Ans- C- Terminated

Note- Hire Purchase System के तहत एग्रीमेंट Terminate हो सकता है 

27-Installment System is governed by ....

A-Sale of Goods Act

B-Installment Act

C-Properties Registration Act

D-Hire Purchase Act

Ans- A- Sale of Goods Act

Note- इन्सटॉलमेंट सिस्टम सेल ऑफ़ गुड्स एक्ट के तहत चलाया जाता ह। 

28-Cash price + Interest is ...

A-Installment Price

B-Hire Purchase Price

C-Maximum Retail Price

D-Retail Price

Ans- Hire Purchase Price

29-The advance amount under hire purchase system is called ....

A-Retail Price

B-Interest

C-Down Payment

D-Cash Price

Ans- C- Down Payment

Hire Purchase System  के  तहत एडवांस अमाउंट को डाउन पेमेंट कहा जाता है

30-Under HPS, each installment is treated as ..

A-Interest

B-Cash Price

C-Hire Charges

D-Advance

Ans- Hire Charges 

Note-  HPS के  तहत इन्सटॉलमेंट को ट्रीट किया जाता है Hire Charges कि तरह 

31-Under HPS interest is calculated on ...

A-Cash Price 

B-Hire Purchase Price

C-MRP

D-Outstanding Balance

Ans- D-Outstanding Balance

32-If the H. Purchaser fails to make payment of any installment, it is called...

A-Repossession

B-Default

C-Sale

D-Purchase

Ans- B-Default

Note- HPS  के  तहत अगर क्रेता  इन्सटॉलमेंट का पेमेंट नहीं कर पता है तो उसे डिफ़ॉल्ट कहा जाता ह। 

33-If the hire vendor may take away all the goods on which there is default of installment is called

यदि Hire Vendor उन सभी सामानों को ले जा सकता है जिन पर किस्त का भुगतान नहीं किया जाता है, तो उसे कहते हैं

A-Repossession

B-Partial Repossession

C-Complete Repossession

D-Purchase

Ans- C-Complete Repossession

Note- यदि Hire Vendor उन सभी सामानों को ले जा सकता है जिन पर किस्त का भुगतान नहीं किया जाता है, तो उसे complete repossession कहते हैं

 34- If the hire vendor take away only a portion of the goods on which there is default on installment it is called ....

A-Repossession

B-Partial Repossession 

C-Complete Repossession

D-Sales

Ans- B-Partial Repossession 

35-In the books of hirer, for payment of down payment, hire vendor account will be ...

A-Debited

B-Rectified

C-Credited 

D-Reversed 

Ans- A-Debited