MBA/MBA Business Law Mcq Set 7 Sample Test,Sample questions

Question:
A company is a ______________ person

1.Distinct person

2.Group

3.Legal

4.Association


Question:
A person cannot hold directorship of more than ______________ companies at a time

1.15

2.50

3.25

4.10


Question:
A public company having a share capital, becomes entitled to commence business only after obtaining a further certificate known as a ________

1.Company formation

2.Certificate of incorporation

3.Provisional contracts

4.Certificate of commence business


Question:
A _______ is a visual symbol attached to goods

1.Patent

2.A trade mark

3.Corporal goods

4.Sealed goods


Question:
Anything done under an agreement between the company and third party requires recognition of the company in the form of _______

1.Contract

2.Agreement

3.Partnership

4.Official seal


Question:
Corporate veil ensures _________ of the company

1.Protection

2.Legal Immunity

3.Both A and B

4.None of the above.


Question:
Decisions of a company are made by ______________ of its members passed at meeting of members

1.Notice

2.Resolution

3.Quorum

4.Circular


Question:
Doctrine of Ultra virus has reference to ________ clause

1.Object

2.Subscription

3.Liability

4.None of these.


Question:
Factories Act came in to existence in _____

1.1948

2.1881

3.1781

4.1757


Question:
For declaration of dividend no ________ resolution is required

1.Ordinary

2.Special

3.Simple

4.None of the above


Question:
In case of a company limited by guarantee, the liability of the members can be enforced

1.Only at the time of winding up of the company

2.At any time when the company so decide

3.Only by an order of court

4.Only by an order of Registrar of companies


Question:
In the event of company being wound up the Tribunal shall prepare list of contributories into _______

1.List A

2.List B

3.List A and B

4.List A or B


Question:
Legal position of a promoter of a company is ________

1.That of an agent

2.That of a Trustee

3.In a judiciary capacity

4.That of a solicitor


Question:
Mention one right that the proxy enjoys during a meeting?

1.Right to attend the meeting

2.Right to poll

3.Right to vote

4.None of these


Question:
Minimum number of directors in private company is _______

1.3

2.2

3.4

4.1


Question:
Minimum number of directors in public company is ________

1.3

2.2

3.4

4.1


Question:
Offers may be invited from the public by issuing a document known as ________

1.Prospectus

2.Notice

3.Circular

4.All of the above


Question:
On a share of Rs.200 of a company a shares holder has already paid Rs.150 . His L9iability is now limited to:

1.200

2.50

3.150

4.0


Question:
Private company means a company which has a minimum paid up capital of ______

1.Rs.2,00,000

2.Rs.5,00,000

3.Rs.1,00,000

4.Rs.1,50,000


Question:
Registered Office clause of memorandum of Association contain ______

1.The complete postal address

2.The name of Registrar of companies

3.The name of City/ Town only and not that of the state

4.The name of the state in which registered office of the company is to situate


Question:
See ______________ of the companies Act, 1956 states that a company means "a company formed and registered under this Act, or an existing company"

1.3(2)(ii)

2.3(1)(ii)

3.3(3)(i)

4.3(3)(i)


Question:
Special resolution is passed by majority ______________ of the members voting by show of hands or on poll either in person or by proxy.

1.1/3

2.½

3.3

4.¾


Question:
Statutory companies are also known as ________

1.State legislative

2.Govt. Company

3.Corporation

4.None of the above


Question:
Statutory meeting held within a period of ______

1.90 days from the date at which the company is entitled to start its business

2.6 months from the date of incorporation

3.Not less one month & not more than 6 month which the company is entitled to start its business

4.18 months from the date of incorporation


Question:
The alteration of the memorandum has to be certified by the Registrar within

1.30 days

2.15 days

3.45 days

4.60 days


Question:
The appointment of every director is to be made by an _______ at the general meeting

1.Ordinary resolution

2.Special resolution

3.Single resolution

4.None of the above


Question:
The association that are not registered under sec. II of the companies act is _____

1.Incorporated Association

2.Illegal Association

3.Non Licensed Association

4.Unregistered Association


Question:
The common seal of the company should have

1.The company’s name

2.The word Corporate seal

3.The Place of the company

4.all of the above.


Question:
The company agrees that the remuneration of non - executive directors shall be decided by _________

1.Company

2.Share holders

3.Board of Directors

4.Central Government


Question:
The company shall give notice of alteration to the Register within _______ of passing the resolution

1.3 months

2.6 months

3.30 days

4.60 days


Question:
The doctrine of indoor Management has its own origin in

1.Salmon V Salona U&Co.Ltd.

2.Ryland V Turquand

3.Royal British Bank V Turquand

4.None of these


Question:
The idea of carrying on a business is conceived by a person by a group of persons called ________

1.Exploits

2.Promoters

3.Directors

4.None of these


Question:
The office of a director becomes vacant if he fails to obtain his qualification shares within _______

1.30 days

2.1 month

3.2 months

4.3 month


Question:
The procedure to write facts about resolution and its decision is called

1.Quorum

2.Notice

3.Minutes of narration

4.None of the above


Question:
The term whole time director is defined in sec ______________ of the Companies Act 1956

1.2(25)

2.2(24)

3.3(25)

4.3(24)


Question:
Winding up by special resolution passed by the company

1.Compulsory winding up

2.Winding up

3.Voluntary winding up

4.All of the above


Question:
____ is the supreme policy framing and decision making organ of a company.

1.Board of directors

2.Share holders

3.Auditor

4.Body corporate


Question:
_____ is the construction of a company

1.Promotion

2.Certificate of incorporation

3.Memorandum

4.Documents


Question:
_____ means the list of business or thing to be done at the meeting

1.Quorum

2.Register

3.Minutes

4.Agenda


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:
______ is the first state in which assists realized liabilities are paid off and surplus is distributed

1.Dissolution

2.Winding up

3.Acquisitions

4.All of the above


Question:
______ lays down the objects and powers of the company.

1.Memorandum of Association

2.Articles of Association

3.Prospectus

4.Statement in lieu


Question:
______ Member of directors need to retire every year

1.2/3

2.2

3.¼

4.1/3


Question:
_______ Acts as the official signature of the company.

1.Registration

2.Special resolution

3.Legal entity

4.Common seal


Question:
_______ are subordinate to and controlled by the memorandum.

1.Articles of Association

2.Prospectus

3.Statement in law

4.all of the above.


Question:
_______ signed by the required number of persons which are necessary for the formation of company.

1.Memorandum of Association

2.Prospectus

3.Statement in lieu

4.None of the above.


Question:
________ is subordinate to and controlled by the memorandum of association

1.Prospectus

2.Statement in lieu

3.Articles of association

4.None of the above


Question:
________ is the minimum number that should be present at the meeting as per the articles of the company before any business can be validly transacted.

1.Minutes

2.Quorum

3.Register

4.Proxies


Question:
_________ Acts as the official signature of the company.

1.Registration

2.Special resolution

3.Legal entity

4.Common seal


Question:
_________ describes the scope of company activities

1.Memorandum of association

2.Articles of Association

3.Documents

4.prospectus.


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  54. MBA Business Economics MCQ Set 5
  55. MBA Business Economics MCQ Set 6
  56. MBA Business Environment MCQ Set 1
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  60. MBA Business Environment MCQ Set 5
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  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
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  76. MBA Business Mathematics Mcq Set 2
  77. MBA Business Mathematics Mcq Set 3
  78. MBA Business Mathematics Mcq Set 4
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  91. MBA Cost and Managerial Accounting Mcq Set 4
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  94. MBA Cost and Managerial Accounting Mcq Set 7
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  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
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  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
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  128. MBA Human Resource Management Mcq Set 6
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  130. MBA Human Resource Management Mcq Set 8
  131. MBA Insurance and Risk Management Mcq Set 1
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  136. MBA Insurance and Risk Management Mcq Set 6
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  139. MBA Management Information Systems Mcq Set 3
  140. MBA Management Information Systems Mcq Set 4
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  144. MBA Management Information Systems Mcq Set 8
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  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
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  198. MBA System Analysis and Design Mcq Set 8
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