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. |
Transfer deed should in Form No. |
| A. | 6 B |
| B. | 5 B |
| C. | 7 B |
| D. | None of these |
| Answer» C. 7 B | |
| 2. |
_________ is voluntary passage of the rights and duties of member from a share holder. |
| A. | Transfer |
| B. | Transmission |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» A. Transfer | |
| 3. |
The person who transfer his rights and duties is called __________ |
| A. | Transferee |
| B. | Transferor |
| C. | Promisor |
| D. | Promisee |
| Answer» B. Transferor | |
| 4. |
The person to whom the rights and duties are endorsed is called _________ |
| A. | Transferee |
| B. | Transferor |
| C. | Endorser |
| D. | Endorsee |
| Answer» A. Transferee | |
| 5. |
_______ is an instrument of transfer signed by the transferor in which the name & date are not filled. |
| A. | Forged transfer |
| B. | Blank transfer |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» B. Blank transfer | |
| 6. |
_______ transfer is null and void |
| A. | Forged |
| B. | Blank |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» A. Forged | |
| 7. |
If the ownership of shares goes to another by operation of law is called as _______ |
| A. | Transfer |
| B. | Transmission |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» B. Transmission | |
| 8. |
Transfer is effected by _______ |
| A. | Sales |
| B. | Death |
| C. | Insolvency |
| D. | None of the above |
| Answer» A. Sales | |
| 9. |
Transmission is effected by ______ |
| A. | Sale |
| B. | Death |
| C. | Insolvency |
| D. | Both (b) & (c) |
| Answer» D. Both (b) & (c) | |
| 10. |
In which of the following stamp duty & consideration not necessary ________ |
| A. | Transfer |
| B. | Transmission |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» B. Transmission | |
| 11. |
_______ gets all liabilities of original owner |
| A. | Transferor |
| B. | Transferee |
| C. | Endorser |
| D. | Endorsee |
| Answer» B. Transferee | |
| 12. |
A share warrant is transferable by _________ |
| A. | By Execution of transfer deed |
| B. | By delivery |
| C. | both a) and b) |
| D. | None of the above |
| Answer» B. By delivery | |
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.