McqMate
201. |
A proposal may be revoked at any time before |
A. | the communication of acceptance |
B. | the payment of consideration |
C. | signing the agreement |
D. | execution of the proposal |
Answer» A. the communication of acceptance |
202. |
Which of the following is not to be taken care while admitting a new partner? |
A. | Computation of newprofit sharing ratio and sacrifice ratio |
B. | Accounting treatment of goodwill |
C. | Professional qualification of admitting partner |
D. | Revaluation of assets and liabilities |
Answer» C. Professional qualification of admitting partner |
203. |
Where goods are delivered to the buyer and he refuses to accept them, the buyer is not bound to |
A. | retain them with him. |
B. | look-after the goods. |
C. | return them to the seller. |
D. | store them in his godown. |
Answer» C. return them to the seller. |
204. |
No child shall be allowed to work in a factory unless he has completed his |
A. | 12th year |
B. | 14th year |
C. | 16th year |
D. | 18th year |
Answer» B. 14th year |
205. |
Gratuity shall be payable to an employee on the termination of his employment after he has rendered continuous service for not less than |
A. | three years |
B. | five years |
C. | seven years |
D. | ten years |
Answer» B. five years |
206. |
The Employees' State Insurance Corporation is |
A. | Hindu Undivided Family |
B. | Local Authority |
C. | Charitable Institution |
D. | Body Corporate |
Answer» D. Body Corporate |
207. |
The annual return of an OPC shall be signed by the company secretary or where there is no company secretary, by the |
A. | Senior executive of the company |
B. | Auditor of the company |
C. | Director of the company |
D. | Advocate of the company |
Answer» C. Director of the company |
208. |
If there is any mis-statement in the prospectus then it would attract the liability on |
A. | The printer |
B. | The issuer |
C. | The publisher |
D. | The proof-reader |
Answer» B. The issuer |
209. |
Every company limited by shares shall keep and maintain the Register of Members in Form No. |
A. | MGT-1 |
B. | MGT-3 |
C. | MGT-7 |
D. | MGT-12 |
Answer» A. MGT-1 |
210. |
Ethics are the set of moral principles that guide a person's |
A. | Behaviour |
B. | Philosophy |
C. | Religion |
D. | Profession |
Answer» A. Behaviour |
211. |
Anu threaten to kidnap Binu's daughter if she does not sell her house worth ` 90 Lakh to her for ` 20 Lakh. This Contract is void due to — |
A. | inadequacy of Consideration |
B. | absence of Free Consent |
C. | incompetence of Parties |
D. | None of the above |
Answer» B. absence of Free Consent |
212. |
The Latin Maxim "Nemo Dat Quod non Habet" means |
A. | no man can pass a better title than he has |
B. | let the Buyer beware |
C. | no consideration – No contract |
D. | ignorance of law is no excuse |
Answer» A. no man can pass a better title than he has |
213. |
As per the RBI Act, which of the following negotiable Instruments can be payable to the bearer on demand? |
A. | Cheque |
B. | Hundi |
C. | Bank Draft |
D. | Promissory Note |
Answer» A. Cheque |
214. |
When a partnership firm is continued even after the expiry of fixed term, it is called |
A. | Partnership at Will |
B. | Perpetual Partnership |
C. | Fixed Partnership |
D. | Particular Partnership |
Answer» A. Partnership at Will |
215. |
The amount of gratuity payable to an employee shall not exceed |
A. | Ten months’ pay |
B. | Twelve months’ pay |
C. | Twenty months’ pay |
D. | Twenty-five months’ pay |
Answer» C. Twenty months’ pay |
216. |
In case of a private company, mention the number of members personally present to form the quorum of a meeting of the company. |
A. | One member |
B. | Two members |
C. | Three members |
D. | Four members |
Answer» B. Two members |
217. |
Which of the following is not a valid medium of sending notice to all shareholders? |
A. | By registered post or speed post |
B. | Through public advertisement |
C. | Through registered email-id |
D. | Through courier service |
Answer» B. Through public advertisement |
218. |
If any default is made in filing refund of money, the company and every officer, who is in default shall be liable to a penalty maximum up to |
A. | ` 50,000 |
B. | ` 75,000 |
C. | ` 1,00,000 |
D. | ` 1,25,000 |
Answer» C. ` 1,00,000 |
219. |
A person is said to be of sound mind for the purposes of making a contract if, at the time when he makes it, he is capable of |
A. | listening it |
B. | hearing it |
C. | understanding it |
D. | interpreting it |
Answer» C. understanding it |
220. |
Ankit agrees to pay Bina ₹1500 if it rains today, otherwise Bina pays Ankit ` 2000. This is a |
A. | Gambling |
B. | Wagering agreement |
C. | Valid agreement |
D. | Speculation |
Answer» B. Wagering agreement |
221. |
Writing of a person's name on the face or back of an instrument or on a slip of paper attached to it is known as |
A. | Endorsement |
B. | Transfer |
C. | Negotiation |
D. | Transmission |
Answer» A. Endorsement |
222. |
Anusua and Shrita formed a partnership to undertake a construction of a shopping complex in New Delhi. This partnership is called |
A. | Partnership at will |
B. | Particular partnership |
C. | Unlimited partnership |
D. | Partnership with undefined mission |
Answer» B. Particular partnership |
223. |
As per the Minimum Wages Act 1948, Adolescent means a person who has completed the age of 14 years but not completed the age of |
A. | 15 |
B. | 14 |
C. | 21 |
D. | 18 |
Answer» D. 18 |
224. |
Every employee shall be entitled to receive bonus from his employer in |
A. | a financial year |
B. | an accounting year |
C. | a calendar year |
D. | a manufacturing year |
Answer» B. an accounting year |
225. |
The annual return of an OPC shall be signed by |
A. | the company secretary |
B. | the director |
C. | the chief accountant |
D. | the auditor |
Answer» A. the company secretary |
226. |
The minimum age limit for appointment of managing director and the wholetime director is |
A. | 18 years |
B. | 21 years |
C. | 25 years |
D. | 30 years |
Answer» B. 21 years |
227. |
A company cannot remove a director appointed |
A. | at the annual general meeting |
B. | at the extra ordinary general meeting |
C. | by the promoter |
D. | by the tribunal |
Answer» D. by the tribunal |
228. |
Moral management requires ethical |
A. | producer |
B. | leadership |
C. | market |
D. | customer |
Answer» B. leadership |
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