McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
Chapters
| 1. |
What is the time limit for conducting statutory meeting? |
| A. | 1 to 5 months |
| B. | 1 to 6 months |
| C. | 1 to 9 months |
| D. | None of these |
| Answer» B. 1 to 6 months | |
| 2. |
Notice of statutory meeting should be given with a period not less than |
| A. | 21 clear days |
| B. | 14 clear days |
| C. | 7 clear days |
| D. | None of these |
| Answer» A. 21 clear days | |
| 3. |
Notice of statutory meeting should be attested by at least. |
| A. | 3 directors |
| B. | 2 directors |
| C. | 3 directors |
| D. | None of these |
| Answer» B. 2 directors | |
| 4. |
The time gap between two AGM’s shall not exceed. |
| A. | 15 months |
| B. | 18 months |
| C. | 16 months |
| D. | None of these |
| Answer» A. 15 months | |
| 5. |
First AGM must be held within __________ from the incorporation of the company |
| A. | 15 months |
| B. | 18 months |
| C. | 12 months |
| D. | None of these |
| Answer» B. 18 months | |
| 6. |
Every AGM must be held with ___________ from the date of the Balance Sheet. |
| A. | 4 months |
| B. | 6 months |
| C. | 9 months |
| D. | None of these |
| Answer» C. 9 months | |
| 7. |
First AGM must be held within ____________ from the date of the balance sheet |
| A. | 6months |
| B. | 9months |
| C. | 5months |
| D. | None of these |
| Answer» B. 9months | |
| 8. |
AGM should be held at |
| A. | Company |
| B. | Registered office |
| C. | Corporate office |
| D. | None of these |
| Answer» B. Registered office | |
| 9. |
Failure to convene AGM u/s 166 penalty will be |
| A. | 50,000+250 per every day |
| B. | 75,000+250 per every day |
| C. | 1,00,000+250 per every day |
| D. | 25,000+250 per every day |
| Answer» A. 50,000+250 per every day | |
| 10. |
In case of Public Company the quorum should be |
| A. | 5 members |
| B. | 7 members |
| C. | 2 members |
| D. | None of these |
| Answer» A. 5 members | |
| 11. |
In case of private company the quorum should be |
| A. | 2 members |
| B. | 3 members |
| C. | 4 members |
| D. | None of these |
| Answer» A. 2 members | |
| 12. |
_______ meeting given an opportunity to the member to know discuss on promotion & formation of the company. |
| A. | General |
| B. | EGM |
| C. | Statutory |
| D. | None of the above |
| Answer» C. Statutory | |
| 13. |
_________ report is send by the directors to its members. |
| A. | Statutory |
| B. | Audit |
| C. | Annual |
| D. | None of the above |
| Answer» C. Annual | |
| 14. |
In the given below who are not required to hold Statutory General Meeting |
| A. | Private company |
| B. | Government Company |
| C. | Public company |
| D. | Both (a) & (b) |
| Answer» D. Both (a) & (b) | |
| 15. |
In case of Statutory General Meeting receipts & payments are prepared up to _______ days before the date of report |
| A. | 3 |
| B. | 5 |
| C. | 7 |
| D. | 9 |
| Answer» C. 7 | |
| 16. |
Who should certify that company allotted the shares and cash received in respect there of ______ |
| A. | Auditor |
| B. | Director |
| C. | Share holder |
| D. | Members |
| Answer» A. Auditor | |
| 17. |
In the given below who are required to hold A.G.M _______ |
| A. | Public company |
| B. | Private company |
| C. | Government company |
| D. | All the three |
| Answer» A. Public company | |
| 18. |
The time period for conduction of AGM is extended by ROC for how many months |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» C. 3 | |
| 19. |
_________ opined that ROC could grant extension only when application for extension is made before the expiry of period u/s 166 (1) |
| A. | DCA |
| B. | NCLT |
| C. | Govt |
| D. | Both (b) & (c) |
| Answer» A. DCA | |
| 20. |
Which of the following company can held the AGM on public holiday__________ |
| A. | Public company |
| B. | Private company |
| C. | Govt. company |
| D. | Association not for profits |
| Answer» D. Association not for profits | |
| 21. |
_______ may grant exemption to any class of companies with regard to the time & place of AGM. |
| A. | C.G |
| B. | ROC |
| C. | NCLT |
| D. | D.C.A |
| Answer» A. C.G | |
| 22. |
In case of failure to convene the AGM fine is upto Rs._________ |
| A. | 25,000 |
| B. | 50,000 |
| C. | 75,000 |
| D. | 80,000 |
| Answer» B. 50,000 | |
| 23. |
In case of continuing default to convene the AGM fine is Rs. _______ for every day. |
| A. | 250 |
| B. | 300 |
| C. | 350 |
| D. | 400 |
| Answer» A. 250 | |
| 24. |
The resolution passed at AGM are _______ |
| A. | Valid |
| B. | Void |
| C. | Voidable |
| D. | Void abinitio |
| Answer» A. Valid | |
| 25. |
Every business transacted at an EGM is a _________ business |
| A. | Ordinary |
| B. | Special |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» B. Special | |
| 26. |
Majority rule is not applicable when |
| A. | The act done is illegal |
| B. | The act done is ultra vires the company. |
| C. | The act done constitutes a fraud |
| D. | all the above |
| Answer» D. all the above | |
| 27. |
A cost auditor makes his report to: |
| A. | Members of company |
| B. | Directors of company |
| C. | Registrar |
| D. | C. G. |
| Answer» B. Directors of company | |
| 28. |
A company not declare dividend at. |
| A. | Statutory meeting |
| B. | Annual general meeting |
| C. | Extra ordinary G.M |
| D. | None of the above |
| Answer» A. Statutory meeting | |
| 29. |
If as a person is present in more than 1 capacity his presence will be counted as _____ |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» B. 2 | |
| 30. |
In the absence of a quorum the proceedings of the meeting will be _________ |
| A. | Valid |
| B. | Void |
| C. | Voidable |
| D. | None of the above |
| Answer» B. Void | |
| 31. |
If quorum is not present with in _________ time the meeting is stand dissolved. |
| A. | ½ Hr. |
| B. | 1 Hr. |
| C. | 1 ½ Hr |
| D. | 2 Hr. |
| Answer» A. ½ Hr. | |
| 32. |
_________ Order to call a EGM even though 1 member present in person or by proxy. |
| A. | ROC |
| B. | C.G. |
| C. | NCLT |
| D. | D.C.A |
| Answer» B. C.G. | |
| 33. |
________ can vote at the meeting even though not a member. |
| A. | Body corporate |
| B. | President |
| C. | Governor |
| D. | All the above |
| Answer» D. All the above | |
| 34. |
Voting right can’t be exercised in case of _________ |
| A. | Calls in advance |
| B. | Calls in arrears |
| C. | Both a & b |
| D. | None of the above |
| Answer» B. Calls in arrears | |
| 35. |
Proxy need not be a ____ of the company |
| A. | Shareholders |
| B. | Members |
| C. | Both a and b |
| D. | None of the above |
| Answer» C. Both a and b | |
| 36. |
________ is the official recording of the proceedings of a meeting |
| A. | Quorum |
| B. | Minutes |
| C. | Both a & b |
| D. | None of the above |
| Answer» B. Minutes | |
| 37. |
Minutes should be recorded within _________ days from the date of conclusion of every meeting |
| A. | 10 |
| B. | 20 |
| C. | 30 |
| D. | 40 |
| Answer» C. 30 | |
| 38. |
Loose – leaf minutes to be bound into books at regular intervals of _________ months |
| A. | 6 |
| B. | 7 |
| C. | 8 |
| D. | 9 |
| Answer» A. 6 | |
| 39. |
Within ______weeks requisition requiring circulation of a resolution may be deposited with ROC. |
| A. | 3 |
| B. | 6 |
| C. | 9 |
| D. | 12 |
| Answer» A. 3 | |
| 40. |
Qualification shares for a director are provided in the ________ |
| A. | Company Act |
| B. | MOA |
| C. | AOA |
| D. | Contract b/w Company & Directors |
| Answer» A. Company Act | |
| 41. |
Directors are __________ of the company |
| A. | Employees |
| B. | Employers |
| C. | Both a & b |
| D. | None of the above |
| Answer» D. None of the above | |
| 42. |
A special resolution is passed with |
| A. | Simple majority |
| B. | 60% majority of members present |
| C. | 75% |
| D. | None of the above |
| Answer» C. 75% | |
| 43. |
Which of the following meeting can be held more than once in a calendar year? |
| A. | E.G.M |
| B. | S.G.M |
| C. | A.G.M |
| D. | None of the above |
| Answer» A. E.G.M | |
| 44. |
In which one or more of the following company a member does not have a right to appoint proxy: |
| A. | Public company having share capital |
| B. | Public company not having share capital |
| C. | Private company not having a share capital |
| D. | None of the above |
| Answer» B. Public company not having share capital | |
| 45. |
A proxy must bear revenue stamp worth. |
| A. | 30 paise |
| B. | 15 paise |
| C. | 45 paise |
| D. | 50 paise |
| Answer» B. 15 paise | |
| 46. |
In which one of the following cases an ordinary resolution may be passed _________ |
| A. | Commencement of a new business |
| B. | alteration of articles |
| C. | Compulsory winding up of the company |
| D. | none of the above |
| Answer» C. Compulsory winding up of the company | |
| 47. |
Notice of Adjourn meeting is not required of a meeting is |
| A. | Adjourn for want of quorum |
| B. | Adjourn sine die |
| C. | Adjourn for more than 30 days |
| D. | None |
| Answer» A. Adjourn for want of quorum | |
| 48. |
An official liquidator is appointed by the _____ |
| A. | Central government |
| B. | By court |
| C. | State government |
| D. | Company |
| Answer» A. Central government | |
| 49. |
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 List B |
| D. | List A or List B |
| Answer» C. List A and List B | |
| 50. |
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 | |
Done Studing? Take A Test.
Great job completing your study session! Now it's time to put your knowledge to the test. Challenge yourself, see how much you've learned, and identify areas for improvement. Don’t worry, this is all part of the journey to mastery. Ready for the next step? Take a quiz to solidify what you've just studied.