McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Business Administration (BBA) , Union Public Service Commission (UPSC) , Indian Administrative Service (IAS) , Common Law Admission Test (CLAT) .
| 151. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐ mean a person who is either child or Adolescent |
| A. | Child |
| B. | Young person |
| C. | Adolescent |
| D. | Adult |
| Answer» B. Young person | |
| 152. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a person who has ultimate control over the affairs of factory |
| A. | Young person |
| B. | Adult |
| C. | Occupier |
| D. | Adolescent |
| Answer» C. Occupier | |
| 153. |
Section 10 provides for the appointment of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Inspector |
| B. | Adult |
| C. | Certifying surgeon |
| D. | Adolescent |
| Answer» C. Certifying surgeon | |
| 154. |
Every worker who worked for ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ days entitled to Annual Wages |
| A. | 200 |
| B. | 240 |
| C. | 500 |
| D. | 440 |
| Answer» B. 240 | |
| 155. |
Factories Act came in to existence in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 1948 |
| B. | 1881 |
| C. | 1781 |
| D. | 1757 |
| Answer» A. 1948 | |
| 156. |
Corporal property is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Equable |
| B. | Visible |
| C. | Tangible |
| D. | Flexible |
| Answer» C. Tangible | |
| 157. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ are the true owners of the company. |
| A. | Members |
| B. | Investors |
| C. | Directors |
| D. | Share holders |
| Answer» D. Share holders | |
| 158. |
Corporal refer to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Possession |
| B. | Ownership |
| C. | Building |
| D. | Computer |
| Answer» B. Ownership | |
| 159. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ auditors of the company are appointed by the share holders in annual General Meeting. |
| A. | General |
| B. | Statutory |
| C. | Special |
| D. | None of these |
| Answer» B. Statutory | |
| 160. |
In corporal properties are not ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Flexible |
| B. | Apparent |
| C. | Corporal |
| D. | Reachable |
| Answer» B. Apparent | |
| 161. |
The board shall meet at least four time a year, with a maximum times gap of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ between any two meetings |
| A. | 6 months |
| B. | 3 months |
| C. | 2 months |
| D. | 4 months |
| Answer» B. 3 months | |
| 162. |
A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a visual symbol attached to goods |
| A. | Patent |
| B. | A trade mark |
| C. | Corporal goods |
| D. | Sealed goods |
| Answer» B. A trade mark | |
| 163. |
A registered trade mark is called ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Patent |
| B. | Sealed good |
| C. | Common Law Mark |
| D. | ISI mark |
| Answer» C. Common Law Mark | |
| 164. |
Which of the following documents is submitted by the board of directors at every AGM‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐? |
| A. | Balance sheet |
| B. | Profit and Loss Account |
| C. | Both A and B |
| D. | None of the above |
| Answer» C. Both A and B | |
| 165. |
The time gap between two Annual Meeting should not exceed‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 6 months |
| B. | 12 months |
| C. | 8 months |
| D. | 15 months. |
| Answer» D. 15 months. | |
| 166. |
Extra ordinary meeting of the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Member |
| B. | Share holders |
| C. | Directors |
| D. | Both A and B |
| Answer» B. Share holders | |
| 167. |
East India Company is an example of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ company |
| A. | Chartered |
| B. | Statutory |
| C. | Registered |
| D. | Foreign. |
| Answer» A. Chartered | |
| 168. |
Mention one right that the proxy enjoys during a meeting? |
| A. | Right to attend the meeting |
| B. | Right to poll |
| C. | Right to vote |
| D. | None of these |
| Answer» C. Right to vote | |
| 169. |
The minutes of the company in case of a Board Meeting shall be signed by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Director |
| B. | Chairman |
| C. | Managing director |
| D. | Both A and B. |
| Answer» B. Chairman | |
| 170. |
The winding up in which a solvency declaration is not made is known as ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Creditors voluntary winding up |
| B. | Members voluntary winding up |
| C. | Compulsory winding up |
| D. | None of the above |
| Answer» A. Creditors voluntary winding up | |
| 171. |
For meeting may be adjourned by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ circumstances |
| A. | Quorum is not present |
| B. | Lack of information |
| C. | Balance sheet is not present |
| D. | None of the above |
| Answer» B. Lack of information | |
| 172. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ guarantees its established quality |
| A. | Patent |
| B. | Goods |
| C. | Trade mark |
| D. | Safety |
| Answer» C. Trade mark | |
| 173. |
A unique feature of trade mark is its ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Corporality |
| B. | Perpetual life |
| C. | Degeneration |
| D. | Industrialism |
| Answer» B. Perpetual life | |
| 174. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a kind of industrial property which can be purchased |
| A. | Trade mark |
| B. | Collective mark |
| C. | Patent |
| D. | ISI mark |
| Answer» C. Patent | |
| 175. |
The company agrees that the remuneration of non‐ executive directors shall be decided by ‐‐‐‐‐‐‐‐‐‐ |
| A. | Company |
| B. | Share holders |
| C. | Board of Directors |
| D. | Central Government |
| Answer» C. Board of Directors | |
| 176. |
On a winding up order being made, the co9mpany’s property comes under the custody of ‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Central Government |
| B. | Tribunal |
| C. | Share holders |
| D. | Liquidator |
| Answer» D. Liquidator | |
| 177. |
A proxy can vote only in case of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Vote |
| B. | Poll |
| C. | Election |
| D. | None of these. |
| Answer» B. Poll | |
| 178. |
Where a directors acts dishonestly to the interest of the company. He will be held liable for ‐‐‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐ |
| A. | Negligence |
| B. | Malafide acts |
| C. | Ultra virus acts |
| D. | Breach of fiduciary duty |
| Answer» D. Breach of fiduciary duty | |
| 179. |
Shelf Prospectus means a prospectus issued by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Any trading company |
| B. | Any industrial company |
| C. | Any financial institution of bank |
| D. | None of the above. |
| Answer» C. Any financial institution of bank | |
| 180. |
The most clause in the memorandum of Association of a company is‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Name clause |
| B. | Objects clause |
| C. | Registered Office Clause. |
| D. | Liability clause |
| Answer» B. Objects clause | |
| 181. |
The alteration of the memorandum has to be certified by the Registrar within |
| A. | 30 days |
| B. | 15 days |
| C. | 45 days |
| D. | 60 days |
| Answer» A. 30 days | |
| 182. |
The charter of a company is its ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Articles of Association |
| B. | Prospectus |
| C. | Memorandum of Association |
| D. | Certificate of incorporation |
| Answer» C. Memorandum of Association | |
| 183. |
Notice of the registered office of the company shall be given to the registration of companies within ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 45 days |
| B. | 30 days |
| C. | 15 days |
| D. | 60 days |
| Answer» B. 30 days | |
| 184. |
An act which is to be ultra virus a company is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Void |
| B. | Valid |
| C. | Both A and B |
| D. | None of these. |
| Answer» A. Void | |
| 185. |
The statement in lieu of prospectus must be filed with the Registrar at least ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ days before any allotment of shares is made. |
| A. | 15 |
| B. | 30 |
| C. | 6 |
| D. | 3 |
| Answer» D. 3 | |
| 186. |
Legal position of a promoter of a company is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | That of an agent |
| B. | That of a Trustee |
| C. | In a judiciary capacity |
| D. | That of a solicitor |
| Answer» C. In a judiciary capacity | |
| 187. |
The common seal of the company should have |
| A. | The company’s name |
| B. | The word Corporate seal |
| C. | The Place of the company |
| D. | All of the above. |
| Answer» D. All of the above. | |
| 188. |
RBI is an example of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ company |
| A. | Charted |
| B. | Statutory |
| C. | Licenced |
| D. | Registered |
| Answer» B. Statutory | |
| 189. |
Shelf prospects relates under Sec. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 16 A |
| B. | 14 A |
| C. | 60 A |
| D. | 40 A |
| Answer» C. 60 A | |
| 190. |
The doctrine of indoor management provides protection to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | The outsider |
| B. | The Board of Directors |
| C. | The Share holders |
| D. | The managing directors |
| Answer» A. The outsider | |
| 191. |
The exception to the doctrine of constructive notice is provided in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Lifting the corporate veil |
| B. | Doctrine of indoor management |
| C. | Doctrine of ultra virus |
| D. | None of these |
| Answer» B. Doctrine of indoor management | |
| 192. |
The procedure to write facts about resolution and its decision is called |
| A. | Quorum |
| B. | Notice |
| C. | Minutes of narration |
| D. | None of the above |
| Answer» C. Minutes of narration | |
| 193. |
For declaration of dividend no ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ resolution is required |
| A. | Ordinary |
| B. | Special |
| C. | Simple |
| D. | None of the above |
| Answer» B. Special | |
| 194. |
Minutes of company meeting should e prepared with in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the meeting |
| A. | 21 days |
| B. | 30 days |
| C. | 40 days |
| D. | 45 days |
| Answer» B. 30 days | |
| 195. |
Voting in a company meeting can be through |
| A. | Ballot |
| B. | Raising hands |
| C. | Raising votes |
| D. | All of these. |
| Answer» D. All of these. | |
| 196. |
An official liquidator is appointed by the ‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Central government |
| B. | By Court |
| C. | State Government |
| D. | Company |
| Answer» A. Central government | |
| 197. |
In the event of company being wound up the Tribunal shall prepare list of contributories into ‐‐‐‐‐‐‐‐ ‐‐‐‐‐‐‐ |
| A. | List A |
| B. | List B |
| C. | List A and B |
| D. | List A or B |
| Answer» C. List A and B | |
| 198. |
Official liquidators are appointed from the panel of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Professional firm of Chartered Accountant |
| B. | Advocate |
| C. | Company Secretaries |
| D. | All of the above |
| Answer» D. All of the above | |
| 199. |
As per Sec. 439 who can file a petition to the Tribunal for winding up? |
| A. | The Registrar |
| B. | Company |
| C. | Contributory |
| D. | Any one of these. |
| Answer» D. Any one of these. | |
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