Civil Engineering MCQs

Contracts and Payments Questions with solutions MCQs

1. Statement 1: Security deposit is an amount of money which is nonrefundable, even after the maintenance period is over.

Statement 2: Retention money always forfeited by the department even after the finalization of maintenance or adjustment of the claim is over. The correct combination is


A

Both statement (1) and statement (2) are individually true and statement (1) is correct explanation of statement (2)

B

Statement (1) is true but statement (2) is false

C

Statement (1) is false but statement (2) is true

D

Both the statement (1) and Statement (2) are individually false

Contracts and Payments J.E Civil 2023
Correct Answer : B
Explanation :

Security deposit is refundable after maintenance, but retention money is not always forfeited. Hence Statement 1 is true, Statement 2 is false.

Correct Answered :

Wrong Answered :

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