MBA/MBA Business Law Mcq Set 5 Sample Test,Sample questions

Question:
A contingent contract dependent on the non happening of a future uncertain event becomes void when such event

1.Happens

2.Does not become impossible

3.Does not happen

4.Both (a) and (b)


Question:
A contract is discharged by novation which means the;

1.Cancellation of the existing contract

2.Change in one or more terms of the contract

3.Substitution of existing contract for a new one

4.None of these


Question:
A contract made by mistake about some foreign law, is;

1.Void

2.Valid

3.Voidable

4.illegal


Question:
A meeting of Board of Directors shall be held at least _______

1.One month

2.Once in every 3 months and at least 4 such meetings shall be held every year.

3.Two month

4.4 months and at least 3 such meetings must be held in every year.


Question:
A party entitled to rescind contract, losses the remedy where

1.He has ratified the contract

2.Third party has acquired right in good faith

3.Contract is not separable and recession is sought of a party only

4.All of these


Question:
A public company has been defined in sec ______________

1.3(1)(iv)

2.3(1)(i)

3.3(1)(iii)

4.3(1)(ii)


Question:
A _______ may be defined as a person having aontrol over the affairs, conduct and management of a company.

1.Share holders

2.Director

3.Body Corporate

4.Member


Question:
Accounts of a company must be audited by an ____

1.Chartered Accountant

2.Auditor

3.Board of Directors

4.All of these.


Question:
An act which is to be ultra virus a company is ____

1.Void

2.Valid

3.Both A and B

4.None of these.


Question:
An agreement, which prevents a person from carrying lawful business is

1.Valid

2.Void

3.Voidable

4.Contingent


Question:
An official liquidator is appointed by the _____

1.Central government

2.By Court

3.State Government

4.Company


Question:
Articles of association adopt the rules and regulations contained in ________ of schedule I of the companies Act

1.Table C

2.Table D

3.Table A

4.Table B


Question:
As a general rule, an agreement made without consideration is;

1.Void

2.Voidable

3.Valid

4.Unlawful


Question:
As per Sec. 439 who can file a petition to the Tribunal for winding up?

1.The Registrar

2.Company

3.Contributory

4.Any one of these.


Question:
Can a person who is usually of unsound, but occasionally of sound mind, make a contract?

1.Yes, he can always make a contract

2.Yes, but only when he is sound mind

3.No, he cannot make contract

4.Can't be determined


Question:
Consent is not said to be free when it is caused by

1.Coercion

2.Undue influence

3.Fraud

4.All of these


Question:
Consideration may be

1.Past

2.Present

3.Future

4.All of the above


Question:
Every share holder of a company is also known as ________

1.Member

2.Partner

3.Director

4.All of the above


Question:
Holding company is defined in section _______ of the companies Act.

1.4(4)

2.2(2)

3.3(4)

4.3(1)


Question:
If the company’s Act go beyond the provisions of the Memorandum, its act will be ______

1.Constructive notice

2.Circular

3.Ultra virus

4.None of the above


Question:
In case of illegal agreements, the collateral agreements are;

1.Void

2.Valid

3.Voidable

4.Any of these


Question:
LA, B and C jointly promised to pay Rs.60000 to D. A was compelled by D to pay the entire amount of Rs.60000. Here

1.A can file a suit against D for recovery of the amount exceeding his share

2.A is entitled to recover Rs.20000 each from B and C

3.On payment by A, the contract is discharged and B and C are also not liable to A.

4.D is not justified here and is liable to refund the entire amount to A


Question:
Minimum _______ and maximum ________ constitute a private limited company

1.2 of 10

2.7 of unlimited

3.2 of 15

4.2 of 50


Question:
Shelf prospects relates under Sec. ______

1.16 A

2.14 A

3.60 A

4.40 A


Question:
Sometimes, a party is entitled to claim compensation in proportion to the work done by him. It is possible by a suit for;

1.Damages

2.Injunction

3.Quantum merit

4.None of these


Question:
The articles of Association and the memorandum of Association are drafted by ________

1.Auditor

2.Director

3.Secretary

4.Register


Question:
The auditor of government company is appointed by the ________ of India

1.High court

2.Supreme court

3.State legislative

4.Controller and Auditor General.


Question:
The board of directors delegate the power to ________

1.Issue debentures

2.Issue of shares

3.Invest the fund

4.Make loans


Question:
The chairman of the company has _________ vote

1.1

2.3

3.2

4.None of these.


Question:
The first annual general meeting of the company must be held within ______

1.6 months of incorporation

2.6 months from the date at which the company’s entitled to start its business

3.18 months from the date at which the company is entitled to start its business

4.18 months of incorporation.


Question:
The managing directors hold the _________ shares of the company.

1.Deemed

2.Equity

3.Qualification

4.Preferences


Question:
The other name of indoor management is called ________

1.Golden rule

2.Constructive notice

3.Indoor rule

4.Tarquand rule


Question:
The right given to a particular class of shareholders are called the _______

1.Special rights

2.General rights

3.Class right

4.None of the above


Question:
The shorter versions of a prospectus is also known as _______

1.Deemed prospectus

2.Incomplete prospectus

3.Abridged prospectus

4.Red Herring Prospectus


Question:
The statement in lieu of prospectus is drafted in accordance with the particulars set in part I of the _____ the Act

1.Schedule I

2.Schedule IV

3.Schedule III

4.Schedule II


Question:
When a director voluntarily remains absent from the three consecutive meetings of the Board of Directors, and

1.He become liable to be punished with @Rs.500 for every default

2.He is disqualified for becoming a director of any company

3.His office falls vacant

4.None of the above


Question:
When offer is made to a definite person, it is known as

1.General offer

2.Cross offer

3.Counter offer

4.Special offer


Question:
Where a directors acts dishonestly to the interest of the company. He will be held liable for _______

1.Negligence

2.Malafide acts

3.Ultra virus acts

4.Breach of fiduciary duty


Question:
Which is the following is false? An acceptance:

1.Must be communicated

2.Must be absolute and unconditional

3.Must accepted by a person having authority to accept

4.May be presumed from silence of offeree


Question:
Which is the following is false? Consideration:

1.Must move at the desire of the promisor

2.May move from any person

3.Must be illusory

4.Must be some value


Question:
Which of the following documents is submitted by the board of directors at every AGM________

1.Balance sheet

2.Profit and Loss Account

3.Both A and B

4.None of the above


Question:
Which of the following persons do not fall under the category of persons of unsound mind?

1.Idiot

2.Lunatics

3.Drunken

4.Alien


Question:
Which of the following statement is true?

1.An agreement enforceable by law is a contract

2.An agreement is an accepted proposal

3.Both (a) and (b)

4.None of these


Question:
______ is a voluntary association of persons formed to carry on some business for profit or to promote art, science, education or some charitable purpose.

1.Incorporation

2.Private company

3.Company

4.Public company


Question:
______ is the resolution which is passed , at valid called general meeting, by special majority of the meeting.

1.Ordinary resolution

2.Special resolution

3.Resolution by postal ballot

4.Resolution requiring special notice.


Question:
_______ are the true owners of the company.

1.Members

2.Investors

3.Directors

4.Share holders


Question:
_______ is a legal person which capable of perpetual succession and common seal

1.Company

2.Firm

3.Voluntary Association

4.Partnership.


Question:
________ Company may be companies limited by shares companies limited guarantee, unlimited companies.

1.Number of members

2.Liability of members

3.Registered

4.Incorporation


Question:
________ is a person who has ultimate control over the affairs of factory

1.Young person

2.Adult

3.Occupier

4.Adolescent


Question:
_________ guarantees its established quality

1.Patent

2.Goods

3.Trade mark

4.Safety


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  12. MBA Advertising and Sales Promotion Mcq Set 2
  13. MBA Advertising and Sales Promotion Mcq Set 3
  14. MBA Advertising and Sales Promotion Mcq Set 4
  15. MBA Advertising and Sales Promotion Mcq Set 5
  16. MBA Advertising and Sales Promotion Mcq Set 6
  17. MBA Advertising and Sales Promotion Mcq Set 7
  18. MBA Advertising and Sales Promotion Mcq Set 8
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  24. MBA Behavioural and Allied Sciences MCQ Set 1
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  26. MBA Behavioural and Allied Sciences MCQ Set 3
  27. MBA Behavioural and Allied Sciences MCQ Set 4
  28. MBA Behavioural and Allied Sciences MCQ Set 5
  29. MBA Behavioural and Allied Sciences MCQ Set 6
  30. MBA Behavioural and Allied Sciences MCQ Set 7
  31. MBA Behavioural and Allied Sciences MCQ Set 8
  32. MBA Behavioural and Allied Sciences MCQ Set 9
  33. MBA Behavioural and Allied Sciences MCQ Set 10
  34. MBA Brand Management MCQ Set 1
  35. MBA Brand Management MCQ Set 2
  36. MBA Brand Management MCQ Set 3
  37. MBA Brand Management MCQ Set 4
  38. MBA Brand Management MCQ Set 5
  39. MBA Business Communication MCQ Set 1
  40. MBA Business Communication MCQ Set 2
  41. MBA Business Communication MCQ Set 3
  42. MBA Business Communication MCQ Set 4
  43. MBA Business Communication MCQ Set 5
  44. MBA Business Communication MCQ Set 6
  45. MBA Business Communication MCQ Set 7
  46. MBA Business Communication MCQ Set 8
  47. MBA Business Communication MCQ Set 9
  48. MBA Brand Management MCQ Set 10
  49. MBA Brand Management MCQ Set 11
  50. MBA Business Economics MCQ Set 1
  51. MBA Business Economics MCQ Set 2
  52. MBA Business Economics MCQ Set 3
  53. MBA Business Economics MCQ Set 4
  54. MBA Business Economics MCQ Set 5
  55. MBA Business Economics MCQ Set 6
  56. MBA Business Environment MCQ Set 1
  57. MBA Business Environment MCQ Set 2
  58. MBA Business Environment MCQ Set 3
  59. MBA Business Environment MCQ Set 4
  60. MBA Business Environment MCQ Set 5
  61. MBA Business Environment MCQ Set 6
  62. MBA Business Environment MCQ Set 7
  63. MBA Business Environment MCQ Set 8
  64. MBA Business Environment MCQ Set 9
  65. MBA Business Ethics and Governance MCQ Set 1
  66. MBA Business Law Mcq Set 1
  67. MBA Business Law Mcq Set 2
  68. MBA Business Law Mcq Set 3
  69. MBA Business Law Mcq Set 4
  70. MBA Business Law Mcq Set 5
  71. MBA Business Law Mcq Set 6
  72. MBA Business Law Mcq Set 7
  73. MBA Business Law Mcq Set 8
  74. MBA Business Law Mcq Set 9
  75. MBA Business Mathematics Mcq Set 1
  76. MBA Business Mathematics Mcq Set 2
  77. MBA Business Mathematics Mcq Set 3
  78. MBA Business Mathematics Mcq Set 4
  79. MBA Business Mathematics Mcq Set 5
  80. MBA Business Mathematics Mcq Set 6
  81. MBA Business Statistics Mcq Set 1
  82. MBA Business Statistics Mcq Set 2
  83. MBA Computers In Management Mcq Set 1
  84. MBA Computers In Management Mcq Set 2
  85. MBA Computers In Management Mcq Set 3
  86. MBA Computers In Management Mcq Set 4
  87. MAB Cost and Managerial Accounting Mcq Set 1
  88. MBA Cost and Managerial Accounting Mcq Set 1
  89. MBA Cost and Managerial Accounting Mcq Set 2
  90. MBA Cost and Managerial Accounting Mcq Set 3
  91. MBA Cost and Managerial Accounting Mcq Set 4
  92. MBA Cost and Managerial Accounting Mcq Set 5
  93. MBA Cost and Managerial Accounting Mcq Set 6
  94. MBA Cost and Managerial Accounting Mcq Set 7
  95. MBA Cost and Managerial Accounting Mcq Set 8
  96. MBA Cost and Managerial Accounting Mcq Set 9
  97. MBA Cost and Managerial Accounting Mcq Set 10
  98. MBA Cost and Managerial Accounting Mcq Set 11
  99. MBA E-Business MCQ Set 1
  100. MBA E-Business MCQ Set 2
  101. MBA E-Business MCQ Set 3
  102. MBA E-Business MCQ Set 4
  103. MBA English Language MCQ Set 1
  104. MBA English Language MCQ Set 2
  105. MBA Entrepreneurship Management MCQ Set 1
  106. MBA Entrepreneurship Management MCQ Set 2
  107. MBA Entrepreneurship Management MCQ Set 3
  108. MBA Entrepreneurship Management MCQ Set 4
  109. MBA Entrepreneurship Management MCQ Set 5
  110. MBA Entrepreneurship Management MCQ Set 6
  111. MBA Financial Management MCQ Set 1
  112. MBA Financial Management MCQ Set 2
  113. MBA Financial Management MCQ Set 3
  114. MBA Financial Management MCQ Set 4
  115. MBA Financial Management MCQ Set 5
  116. MBA Financial Management MCQ Set 6
  117. MBA Financial Management MCQ Set 7
  118. MBA Financial Management MCQ Set 8
  119. MBA Financial Management MCQ Set 9
  120. MBA Financial Management MCQ Set 10
  121. MBA Financial Management MCQ Set 11
  122. MBA Financial Management MCQ Set 12
  123. MBA Human Resource Management Mcq Set 1
  124. MBA Human Resource Management Mcq Set 2
  125. MBA Human Resource Management Mcq Set 3
  126. MBA Human Resource Management Mcq Set 4
  127. MBA Human Resource Management Mcq Set 5
  128. MBA Human Resource Management Mcq Set 6
  129. MBA Human Resource Management Mcq Set 7
  130. MBA Human Resource Management Mcq Set 8
  131. MBA Insurance and Risk Management Mcq Set 1
  132. MBA Insurance and Risk Management Mcq Set 2
  133. MBA Insurance and Risk Management Mcq Set 3
  134. MBA Insurance and Risk Management Mcq Set 4
  135. MBA Insurance and Risk Management Mcq Set 5
  136. MBA Insurance and Risk Management Mcq Set 6
  137. MBA Management Information Systems Mcq Set 1
  138. MBA Management Information Systems Mcq Set 2
  139. MBA Management Information Systems Mcq Set 3
  140. MBA Management Information Systems Mcq Set 4
  141. MBA Management Information Systems Mcq Set 5
  142. MBA Management Information Systems Mcq Set 6
  143. MBA Management Information Systems Mcq Set 7
  144. MBA Management Information Systems Mcq Set 8
  145. MBA Management Information Systems Mcq Set 9
  146. MBA Marketing Management Mcq Set 1
  147. MBA Marketing Management Mcq Set 2
  148. MBA Marketing Management Mcq Set 3
  149. MBA Marketing Management Mcq Set 4
  150. MBA Marketing Management Mcq Set 5
  151. MBA Marketing Management Mcq Set 6
  152. MBA Marketing Management Mcq Set 7
  153. MBA Marketing Management Mcq Set 8
  154. MBA Marketing Management Mcq Set 9
  155. MBA Marketing Management Mcq Set 10
  156. MBA Marketing Management Mcq Set 11
  157. MBA Marketing Management Mcq Set 12
  158. MBA Marketing Management Mcq Set 13
  159. MBA Media Planning Mcq Set 1
  160. MBA Media Planning Mcq Set 2
  161. MBA Media Planning Mcq Set 3
  162. MBA Media Planning Mcq Set 4
  163. MBA Operations Research Mcq Set 1
  164. MBA Operations Research Mcq Set 2
  165. MBA Operations Research Mcq Set 3
  166. MBA Operations Research Mcq Set 4
  167. MBA Operations Research Mcq Set 5
  168. MBA Organisational Behavior Mcq Set 1
  169. MBA Organisational Behavior Mcq Set 2
  170. MBA Organisational Behavior Mcq Set 3
  171. MBA Organisational Behavior Mcq Set 4
  172. MBA Principles and Practices of Management Mcq Set 1
  173. MBA Principles and Practices of Management Mcq Set 2
  174. MBA Principles and Practices of Management Mcq Set 3
  175. MBA Principles and Practices of Management Mcq Set 4
  176. MBA Principles and Practices of Management Mcq Set 5
  177. MBA Principles and Practices of Management Mcq Set 6
  178. MBA Principles and Practices of Management Mcq Set 7
  179. MBA Principles and Practices of Management Mcq Set 8
  180. MBA Principles and Practices of Management Mcq Set 9
  181. MBA Production and Operations Management Mcq Set 1
  182. MBA Production and Operations Management Mcq Set 2
  183. MBA Production and Operations Management Mcq Set 3
  184. MBA Production and Operations Management Mcq Set 4
  185. MBA Production and Operations Management Mcq Set 5
  186. MBA Production and Operations Management Mcq Set 6
  187. MBA Production and Operations Management Mcq Set 7
  188. MBA Production and Operations Management Mcq Set 8
  189. MBA Production and Operations Management Mcq Set 9
  190. MBA Production and Operations Management Mcq Set 10
  191. MBA System Analysis and Design Mcq Set 1
  192. MBA System Analysis and Design Mcq Set 2
  193. MBA System Analysis and Design Mcq Set 3
  194. MBA System Analysis and Design Mcq Set 4
  195. MBA System Analysis and Design Mcq Set 5
  196. MBA System Analysis and Design Mcq Set 6
  197. MBA System Analysis and Design Mcq Set 7
  198. MBA System Analysis and Design Mcq Set 8
  199. MBA System Analysis and Design Mcq Set 9
  200. MBA Total Quality Management Mcq Set 1
  201. MBA Total Quality Management Mcq Set 2
  202. MBA Total Quality Management Mcq Set 3
  203. MBA Total Quality Management Mcq Set 4
  204. MBA Total Quality Management Mcq Set 5
  205. MBA Total Quality Management Mcq Set 6
  206. MBA Total Quality Management Mcq Set 7
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