MBA/MBA Business Law Mcq Set 6 Sample Test,Sample questions

Question:
A company is a ______________ of a person who have come together for a common object which generally is to earn profit

1.Artificial person

2.Voluntary Association

3.Incorporate Association

4.All of these.


Question:
A company may change its name by passing ______________ with the approval of central govt.

1.Special resolution

2.Ordinary resolution

3.Both A & B

4.None of the above


Question:
A registered trade mark is called ______

1.Patent

2.Sealed good

3.Common Law Mark

4.ISI mark


Question:
According to sec.225, the directors should be appointed in he _____

1.Office of the Registrar

2.General Meeting

3.Company

4.Share holders


Question:
Companies limited by ______________ are not formed for the purpose of profit but for the promotion of art, science, culture, charity, sports, commerce etc.

1.Members

2.Shares

3.Liability

4.Guarantee


Question:
Corporate veil ensures __________ of the company

1.Protection

2.Legal Immunity

3.Both A and B

4.None of the above.


Question:
Directors are ______________ of he powers conferred on then and they must exercise those powers bonafide and for the benefit of the company.

1.Trustee

2.Management

3.Representative

4.None of the above


Question:
Doctrine of constructive notice means _____

1.Notice of alternation of object clause to the registrar

2.Notice to outside dealing with the registrar as to contents of memorandum and articles

3.Notice of change of name to members

4.Notice to public as to issue of prospectus.


Question:
During which of the following circumstances can the veil be lifted by the court?

1.Where the Co acts as an agent

2.Where a fund is noticed

3.When the company tries to avoid certain legal obligation

4.all of the above.


Question:
Every worker who worked for _________ days entitled to Annual Wages

1.200

2.240

3.500

4.440


Question:
Extra ordinary meeting of the _____

1.Member

2.Share holders

3.Directors

4.Both A and B


Question:
For the proper conduct of business in a meeting a ______________ is necessary

1.Director

2.Managing director

3.Chairman

4.Shareholders


Question:
Golden rule was laid down by _______

1.KINDERSELY VC in new Brun Wick Co. V Marreride

2.Edington V Fitzmaurice

3.Treeman V Buckhcats

4.Royal British Bank V Turquand


Question:
If at the registration, a company limited by shares does not file articles of association with the registrar, then

1.The company deemed to have adopted Table A

2.The company cannot be registered without this document

3.The company is deemed to have become a company with unlimited liability

4.None of the above


Question:
In case of members voluntary winding up , the liquidation for conducting the winding up proceedings is appointed by ________

1.Central government

2.Company in its general meeting

3.Company law board

4.Register


Question:
In corporal properties are not _______

1.Flexible

2.Apparent

3.Corporal

4.Reachable


Question:
Mean any premises including precincts thereof

1.Industry

2.Factory

3.Company

4.Workmen


Question:
Minutes of company meeting should e prepared with in ______________ of the meeting

1.21 days

2.30 days

3.40 days

4.45 days


Question:
Official liquidators are appointed from the panel of _______

1.Professional firm of Chartered Accountant

2.Advocate

3.Company Secretaries

4.All of the above


Question:
On a winding up order being made, the co9mpany’s property comes under the custody of ______

1.Central Government

2.Tribunal

3.Share holders

4.Liquidator


Question:
On which of the following dates the companies Act,1956 come in to force?

1.31st March 1956

2.1st April 1956

3.31st March 1957

4.1st April 1957.


Question:
Sec. _______ of the companies Act deals with the meaning and provisions related to the shelf prospectus.

1.50

2.4(1)

3.2(2)

4.60


Question:
Sec. ______________ of the companied Act defines foreign company

1.4(4)

2.3(1)(i)

3.3(1)(ii)

4.591


Question:
Sec. ______________ of the companies act states that, a public company making an issue of securities shall circulate information memorandum to the public before filling of a prospectus.

1.60(B)

2.60(a)

3.16(B)

4.16(a)


Question:
Shelf Prospectus means a prospectus issued by _________

1.Any trading company

2.Any industrial company

3.Any financial institution of bank

4.None of the above.


Question:
The capital with which the company is registered is called the ________

1.Subscribed Capital

2.Nominal Capital

3.Working Capital

4.None of these


Question:
The charter of a company is its ______

1.Articles of Association

2.Prospectus

3.Memorandum of Association

4.Certificate of incorporation


Question:
The common seal of the company is the ______

1.Official signature of the company

2.Rights of the company

3.General view of the company

4.None of the above.


Question:
The directors may be held ________ liable on their failure to fulfill the formalities imposed upon them by the Act

1.General law

2.Criminal

3.Civil

4.All of the above


Question:
The doctrine of indoor management provides protection to __________

1.The outsider

2.The Board of Directors

3.The Share holders

4.The managing directors


Question:
The first important document to be filed with the Registrar is ______

1.Articles of Association

2.Prospectus

3.Memorandum of Association

4.None of these.


Question:
The forms of articles of association are given in tables ______________ is schedule I of the companies Act 1956

1.A,C,D&E

2.B,C,D&E

3.B,A,C&E

4.B,D&E


Question:
The forms of Memorandum of association are given in tables ___ in schedule I of the companies Act 1956

1.B,A&E

2.B,C,D&E

3.A,C,D&E

4.D,A,E.


Question:
The minutes of the company in case of a Board Meeting shall be signed by ______

1.Director

2.Chairman

3.Managing director

4.Both A and B.


Question:
The name of a defunct company can be resorted to register on an application made to the Tribunal by the company, or any member or a creditor within ______

1.3 years from the dissolution

2.6 years from the dissolution

3.20 years from the dissolution

4.12 years from the dissolution.


Question:
The order of dissolution can be issued only by the company

1.Tribunal

2.Company Law Board

3.Both A and B

4.None of these.


Question:
The privilege of limited liability was introduced in the Indian Company Law, in the year of

1.1850

2.1857

3.1927

4.1956


Question:
The procedure for change of registered office from one city to another within the state is by passing ______

1.Special resolution only

2.Ordinary resolution only

3.Special resolution and approval of central government

4.Ordinary resolution and approval of company law board


Question:
The quorum for a meeting of the board of directors shall be _______ of its total strength or 2 directors whichever is higher.

1.3

2.½

3.¼

4.1/3


Question:
The winding up in which a solvency declaration is not made is known as _______

1.Creditors voluntary winding up

2.Members voluntary winding up

3.Compulsory winding up

4.None of the above


Question:
The _______ issues the certificate of incorporation

1.Register

2.Director

3.Court

4.All of the above


Question:
winding up by the order of Tribunal is ________

1.Voluntary winding up

2.Compulsory winding up

3.Winding up

4.All the above.


Question:
___ of schedule I of the companies Act, which gives the specimen of memorandum of a company limited by shares

1.Table B

2.Table A

3.Table D

4.Table E


Question:
____ called for dealing with some urgent special business which cannot e postponed till the next annual general meeting.

1.Extra ordinary general meeting

2.Ordinary general meeting

3.Class meeting

4.None of the above.


Question:
_____ auditors of the company are appointed by the share holders in annual General Meeting.

1.General

2.Statutory

3.Special

4.None of these


Question:
______ can be imposed on directors for non compliance of requirements’ of companies Act

1.Penalty

2.Fine

3.Statutory penalty

4.Criminal liability


Question:
______ contain the rules and regulation of the company

1.Prospectus

2.Statement in lieu

3.Articles of Association

4.Memorandum of Association


Question:
______ document contains the rules, regulations and bye-laws for the internal management of the company

1.Memorandum of Association

2.Article of Association

3.Prospectus

4.Statement in lieu.


Question:
______ is a proposal put before a meeting.

1.Motion

2.Resolution

3.Quorum

4.Proxy


Question:
______ is issued by any financial constitution or bank for on e or more of issues of securities or class of securities specified in the prospectus.

1.A bridged prospectus

2.Shelf Prospectus

3.Deemed Prospectus

4.Red Herring Prospectus


Question:
______ is the first stage in the formation of a company

1.Promotion

2.Raising of Capital

3.Incorporation

4.Commencement of business


Question:
______ refers to a voluntary association of individuals formed for the purpose of obtaining a particular social or economical goal.

1.Illegal Association

2.Partnership

3.Incorporation

4.Company


Question:
______ refers to the instrument by which a person is appointed to act for another at a meeting of the company.

1.Proxy

2.Quorum

3.Motion

4.None of the above


Question:
______ vacancy is caused by resignation, death, insolvency or insanity.

1.Casual

2.General

3.Special

4.None of the above


Question:
_______ is a group of people who are acting on behalf of the company

1.Managing Director

2.Partnership

3.Board of Directors

4.All of the above


Question:
_______ is a shorter version of the prospectus and contains all the salient features of a prospectus that forms a part of the memorandum.

1.Deemed prospectus

2.A bridged prospectus

3.Red herring prospectus

4.Shelf prospectus


Question:
_______ mean a person who is either child or Adolescent

1.Child

2.Young person

3.Adolescent

4.Adult


Question:
________ director act during the absence of the original director.

1.First director

2.Additional director

3.Alternative director

4.Representative director


Question:
________ is a person who has signed company’s memorandum of association

1.Individual

2.Corporate body

3.Member

4.Legal person


Question:
_________ is the first general meeting of the share holders odf a public company

1.Extra ordinary meeting

2.Class meeting

3.General meeting

4.Statutory meeting.


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  107. MBA Entrepreneurship Management MCQ Set 3
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  148. MBA Marketing Management Mcq Set 3
  149. MBA Marketing Management Mcq Set 4
  150. MBA Marketing Management Mcq Set 5
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