Business Laws Chapter Wise MCQ
Practice 280 MCQs organized by chapter from official ICAI Study Material. All 7 chapters covered with answers and detailed explanations.
✓ New Syllabus (May 2026 onwards) • View ICAI Source
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Indian Regulatory Framework
Overview of Indian legal system, sources of law, types of law
9 MCQs
The Indian Contract Act, 1872
Nature of contracts, consideration, essential elements, performance, breach, contingent contracts, indemnity, guarantee, bailment, pledge, agency
117 MCQs
The Sale of Goods Act, 1930
Formation of contract of sale, conditions and warranties, transfer of ownership, unpaid seller
76 MCQs
The Indian Partnership Act, 1932
General nature of partnership, relations of partners, registration and dissolution
48 MCQs
The Limited Liability Partnership Act, 2008
Formation, management, rights and obligations of partners in LLP
8 MCQs
The Companies Act, 2013
Types of companies, incorporation, memorandum, articles of association
12 MCQs
The Negotiable Instruments Act, 1881
Promissory notes, bills of exchange, cheques, crossing, holder in due course
10 MCQs
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Frequently Asked Questions
How many chapters are in CA Foundation Business Laws?
CA Foundation Business Laws (Paper 2) has 7 chapters covering topics like Indian Regulatory Framework, Indian Contract Act, Sale of Goods Act, Indian Partnership Act, LLP Act, Companies Act, and Negotiable Instruments Act.
How many MCQs are available for practice?
There are 280 MCQs available for practice, extracted from the official ICAI Study Material. These cover all 7 chapters of the Business Laws syllabus with answers and detailed explanations.
Are these MCQs from ICAI Study Material?
Yes, all MCQs are extracted from the official ICAI Study Material for CA Foundation Paper 2 (Business Laws). These are the "Test Your Knowledge" questions provided by ICAI in each chapter, from the May 2026 onwards edition.
What is the exam pattern for CA Foundation Business Laws?
CA Foundation Paper 2 (Business Laws) consists of 100 MCQs to be completed in 2 hours. Each MCQ is worth 1 mark with no negative marking. The paper covers all 7 chapters of the Business Laws syllabus.
Which chapters have the highest weightage?
The highest weightage chapters are: The Indian Contract Act (Chapter 2) and The Sale of Goods Act (Chapter 3). Together these account for over 60% of the paper. Focus on these for maximum marks.