McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Commerce (B Com) .
| 51. |
Provisions for first-aid appliances is under |
| A. | Safety |
| B. | Welfare |
| C. | Health |
| D. | None of the above |
| Answer» B. Welfare | |
| 52. |
In factories, all latrine and urinal accommodation shall be of prescribed sanitary types wherein more than ________ workers are ordinarily employed: |
| A. | 200 |
| B. | 500 |
| C. | 250 |
| D. | 200 |
| Answer» C. 250 | |
| 53. |
In a scheduled employment, minimum rates need not be fixed until the number of workers reaches : |
| A. | 1000 |
| B. | 500 |
| C. | 100 |
| D. | 200 |
| Answer» A. 1000 | |
| 54. |
The appropriate Government may fix a minimum rates of wages for: |
| A. | A minimum time rate |
| B. | Overtime rate |
| C. | A minimum piece rate |
| D. | All the above |
| Answer» D. All the above | |
| 55. |
The fixation or revision of minimum rate of wages shall come into force on the expiry of ________ from the date of the issues of notification: |
| A. | 6 months |
| B. | 3 months |
| C. | 2 months |
| D. | 12 months |
| Answer» B. 3 months | |
| 56. |
The appropriate Government may, by notification in the official Gazette, appoint _____________ to exercise functions of a Labour Commissioner: |
| A. | Any Commissioner of Workmen‟s Compensation |
| B. | Certain officers of the Central Government |
| C. | Certain officers of the State Government |
| D. | All of the above |
| Answer» D. All of the above | |
| 57. |
The minimum wages payable under minimum Wages Act shall be paid in |
| A. | Cash |
| B. | Kind |
| C. | Both |
| D. | None |
| Answer» A. Cash | |
| 58. |
Adolescent means a person who has completed his____year of age but has not completed his eighteenth year. |
| A. | 12 |
| B. | 14 |
| C. | 15 |
| D. | 18 |
| Answer» B. 14 | |
| 59. |
Which one of the following is not an appropriate Government in relation to any scheduled employment? |
| A. | The Central Government |
| B. | The Railway Administration |
| C. | The Municipal Administration |
| D. | The State Government |
| Answer» C. The Municipal Administration | |
| 60. |
Under Section 20(1) of the Minimum Wages Act , which of the following, may the Appropriate Government appoint as an authority to hear and decide cases related to payment of wages? |
| A. | Any commissioner for Workmen‟s Compensation |
| B. | Any officer of the Central Government exercising functions as Labour Commissioner for any region |
| C. | Any officer of the State Government |
| D. | All of the Above |
| Answer» D. All of the Above | |
| 61. |
Section 2(1)(d) of the Employees Compensation Act, 1923 defines dependant as to mean any of the following relatives of a deceased employee : |
| A. | A widow |
| B. | A minor legitimate son |
| C. | An unmarried daughter |
| D. | All of the above |
| Answer» A. A widow | |
| 62. |
Disablement which reduces the earning capacity of a workman in any employment in which he was engaged at the time of the accident is known as |
| A. | Total disablement |
| B. | Temporary partial disablement |
| C. | Permanent partial disablement |
| D. | None of the above |
| Answer» D. None of the above | |
| 63. |
An unlooked for mishap or untoward event which is not expected or designed is known as- |
| A. | Personal injury |
| B. | Accident |
| C. | Occupational Disease |
| D. | None of the above |
| Answer» C. Occupational Disease | |
| 64. |
The Employees Compensation Act, 1923 provides compensation for- |
| A. | Death |
| B. | Total Disablement |
| C. | Partial disablement |
| D. | All of the above |
| Answer» C. Partial disablement | |
| 65. |
The Minimum Wages Act came into force on: |
| A. | 15th March,1948 |
| B. | 15th January,1948 |
| C. | 31st March,1960 |
| D. | 15th March,1960 |
| Answer» A. 15th March,1948 | |
| 66. |
The Factories Actcame into force on: |
| A. | 1st April 1949 |
| B. | 15th March,1976 |
| C. | 5th June 2000 |
| D. | 1st September 1998 |
| Answer» A. 1st April 1949 | |
| 67. |
Statutory Minimum wage is fixed under |
| A. | Payment Wages Act,1936 |
| B. | Equal Remuneration Act, 1976 |
| C. | Minimum Wages Act,1948 |
| D. | Workmen‟s Compensation Act,1923 |
| Answer» C. Minimum Wages Act,1948 | |
| 68. |
Under the Minimum Wages Act, 1948 the appropriate government shall fix the minimum rates of wages payable to the employees employed in an employment specified in |
| A. | Schedule I, Part I, II and the employments and added under section |
| B. | Schedule I part II |
| C. | 27Schedule I part I |
| D. | Schedule I and II |
| Answer» A. Schedule I, Part I, II and the employments and added under section | |
| 69. |
As per Factories Act, "child" means a person who has not completed his _____ years of age |
| A. | 18th |
| B. | 21st |
| C. | 15th |
| D. | 14th |
| Answer» C. 15th | |
| 70. |
Which of the following statements relating to the Factories Act is not true? |
| A. | There is a provision in the Act relating to the constitution of a Managing Committee for the management of the canteen. |
| B. | There is a provision in the Act regarding the setting up of a safety committee. |
| C. | The Act does not have a provision relating to the setting up of welfare committee. |
| D. | The Act has a provision relating to the establishment of a Grievance Committee. |
| Answer» D. The Act has a provision relating to the establishment of a Grievance Committee. | |
| 71. |
Which of the following is not a method for fixing Minimum Wages under the Minimum Wages Act, 1948? |
| A. | Notification Method |
| B. | Committee Method |
| C. | Bargaining Method |
| D. | None of the above |
| Answer» C. Bargaining Method | |
| 72. |
The maximum daily hours of work in a day with normal wage allowed in factories is |
| A. | 11 hours |
| B. | 9 hours |
| C. | 8 hours |
| D. | 10 hours |
| Answer» B. 9 hours | |
| 73. |
Minimum wages Act came into force in India on |
| A. | 11thMarch, 1984 |
| B. | 15thMarch, 1948 |
| C. | 17thMarch, 1948 |
| D. | 27thMarch, 1948 |
| Answer» B. 15thMarch, 1948 | |
| 74. |
The term wages under Minimum Wages Act, 1984 includes |
| A. | Provident fund |
| B. | Travelling allowance |
| C. | Gratuity payable on discharge |
| D. | House rent allowance |
| Answer» D. House rent allowance | |
| 75. |
The minimum wages fixed under the Minimum Wages Act, 1984 must be revised at least once in |
| A. | 2 years |
| B. | 3 years |
| C. | 5 years |
| D. | 7 years |
| Answer» C. 5 years | |
| 76. |
The Factories Act, 1948 came into force on |
| A. | 1st April, 1949 |
| B. | 2nd April, 1949 |
| C. | 3rd April, 1949 |
| D. | 4th April, 1949 |
| Answer» A. 1st April, 1949 | |
| 77. |
______means any engine, motor or other appliance which generates or otherwise provides power. |
| A. | Plant |
| B. | Prime mover |
| C. | Hoist |
| D. | Striking Gear |
| Answer» B. Prime mover | |
| 78. |
It is the duty of the ___________to enforce the provision of the Factories Act and other industrial laws |
| A. | Occupier |
| B. | Promoter |
| C. | Factory inspectors |
| D. | Employer/Owner |
| Answer» C. Factory inspectors | |
| 79. |
Provisions regarding the welfare of workers was mention in _________of the Factories Act, 1948 |
| A. | section 20-32 |
| B. | section 30 to 40 |
| C. | section 42 to 50 |
| D. | section 52 to 62 |
| Answer» C. section 42 to 50 | |
| 80. |
In every factory where __________are employed, a room shall be provided for the use of children of such women. |
| A. | more than 10 women |
| B. | more than 20 women |
| C. | more than 30 women |
| D. | more than 40 women |
| Answer» C. more than 30 women | |
| 81. |
_________ contains rules, regulations and bye-laws regarding the internal management of companies. |
| A. | Memorandum of Association |
| B. | Articles of Association |
| C. | Prospectus |
| D. | Certificate of Incorporation |
| Answer» B. Articles of Association | |
| 82. |
The total face value of the shares which the company is authorized to issue by its Memorandum of Association is |
| A. | Nominal capital |
| B. | Issued capital |
| C. | Subscribed capital |
| D. | Paid up capital |
| Answer» A. Nominal capital | |
| 83. |
A company can borrow money and if so to what extent, are matters depending upon the interpretation of the two documents which is- |
| A. | Memorandum and Articles of Association |
| B. | Company Act and Memorandum of Association |
| C. | Company Act and Articles of Association |
| D. | Prospectus and Company Act |
| Answer» A. Memorandum and Articles of Association | |
| 84. |
To be appointed as a director in a company, a person must have |
| A. | Qualification shares |
| B. | Been a District Judge for not less than three years |
| C. | Been a shareholder in the company for not less than three years |
| D. | None of the above |
| Answer» A. Qualification shares | |
| 85. |
The Memo and Articles are ____________, which may be inspected by anybody at the office of the Registrar of Companies. |
| A. | Shareholder Documents |
| B. | Company Documents |
| C. | Public Documents |
| D. | Director Documents |
| Answer» C. Public Documents | |
| 86. |
Any rule in the articles of the association contrary to the memorandum is ____________. |
| A. | Invalid |
| B. | Void |
| C. | Valid |
| D. | Voidable |
| Answer» A. Invalid | |
| 87. |
The company must be registered in accordance with the provisions of the Companies Act, 1956, and the ___________ must be obtained. |
| A. | Prospectus |
| B. | Certificate of Commencement of Business |
| C. | Statement in lieu of Prospectus |
| D. | Certificate of Incorporation |
| Answer» D. Certificate of Incorporation | |
| 88. |
A document which shows on the face of it, that the company has borrowed a certain sum of money from the holder thereof upon certain terms and conditions is known as- |
| A. | Equity shares |
| B. | Debentures |
| C. | Mortgage |
| D. | Preference Shares |
| Answer» B. Debentures | |
| 89. |
The companies incorporated under a special charter by a monarch are: |
| A. | Chartered companies |
| B. | Registered companies |
| C. | Statutory companies |
| D. | incorporated companies |
| Answer» A. Chartered companies | |
| 90. |
When a company has control over another company it is known as: |
| A. | Controlled company |
| B. | Subsidiary company |
| C. | Holding company |
| D. | None of the above |
| Answer» C. Holding company | |
| 91. |
The fundamental conditions upon which alone the company is allowed to be incorporated is contained in: |
| A. | Articles of association |
| B. | Memorandum of Association |
| C. | Certificate of incorporation |
| D. | Certificate of commencement of business |
| Answer» B. Memorandum of Association | |
| 92. |
A document which shows that a company has borrowed a certain sum of money is: |
| A. | Articles of association |
| B. | Memorandum of Association |
| C. | Certificate of incorporation |
| D. | Prospectus |
| Answer» D. Prospectus | |
| 93. |
The maximum amount which a company is authorised to raise by issue of shares and upon which it pays the stamp and registration fee is : |
| A. | Issued capital |
| B. | Called up capital |
| C. | Subscribed capital |
| D. | Nominal or registered capital |
| Answer» D. Nominal or registered capital | |
| 94. |
Who can be members of a company? |
| A. | Minor |
| B. | Partnership firms |
| C. | Trustees |
| D. | Hindu undivided families |
| Answer» D. Hindu undivided families | |
| 95. |
Companies that have implied powers to borrow, even without any specific power to do so in their memorandum or articles are: |
| A. | Private companies |
| B. | Public companies |
| C. | Non trading companies |
| D. | Trading companies |
| Answer» D. Trading companies | |
| 96. |
Debentures that are not negotiable instruments are: |
| A. | Registered debentures |
| B. | Bearer Debentures |
| C. | Redeemable debentures |
| D. | Secured debentures |
| Answer» A. Registered debentures | |
| 97. |
Any invitation issued to the public inviting it to deposit money with the company or to take share or debentures of the company such invitation may be in the form of a document or a notice, circular, advertisement etc is known as |
| A. | Prospectus |
| B. | Documents |
| C. | Promotion |
| D. | All of the above |
| Answer» A. Prospectus | |
| 98. |
The number of members of a private Company is limited to |
| A. | 100 |
| B. | 150 |
| C. | 200 |
| D. | 250 |
| Answer» C. 200 | |
| 99. |
A subsidiary company can be a member of the holding company also. |
| A. | True |
| B. | False |
| C. | undefined |
| D. | either (a) or (b) |
| Answer» B. False | |
| 100. |
A person who has control over the affairs of the company, directly or indirectly whether as a shareholder, director or otherwise |
| A. | Promoter |
| B. | Manager |
| C. | Owner |
| D. | None of the Above |
| Answer» A. Promoter | |
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