McqMate
These multiple-choice questions (MCQs) are designed to enhance your knowledge and understanding in the following areas: Bachelor of Computer Applications (BCA) , Bachelor of Business Administration (BBA) , Bachelor of Tourism Studies (BTS) .
| 301. |
The capital with which the company is registered is called the ______ |
| A. | Subscribed capital |
| B. | Nominal capital |
| C. | Working capital |
| D. | None of the above |
| Answer» B. Nominal capital | |
| 302. |
The procedure for change of registered office from one city to another within the same state is by passing ______ |
| A. | Special resolution only |
| B. | Ordinary resolution only |
| C. | Special resolution and approval of central government |
| D. | Ordinary resolution and approval of company law board |
| Answer» A. Special resolution only | |
| 303. |
_______ document contains the rules, regulations and bye-laws for the internal management of the company. |
| A. | Memorandum of association |
| B. | Article of association |
| C. | Prospectus |
| D. | Statement in lieu |
| Answer» B. Article of association | |
| 304. |
________ is subordinate to and controlled by the memorandum of association. |
| A. | Prospectu |
| B. | Statement in lieu |
| C. | Articles of Association |
| D. | None of the above |
| Answer» C. Articles of Association | |
| 305. |
______ lays down the objects and powers of the company. |
| A. | Memorandum of Association |
| B. | Articles of Association |
| C. | Prospectus |
| D. | Statement in lieu |
| Answer» A. Memorandum of Association | |
| 306. |
_______ lays down the modes in which the objects of the company are to be carried out by the members. |
| A. | Statement in lieu |
| B. | Prospectus |
| C. | Memorandum of Association |
| D. | Articles of Association |
| Answer» D. Articles of Association | |
| 307. |
Articles of Association adopt the rules and regulations contained in _______ of schedule 1 of the Companies Act. |
| A. | Table C |
| B. | Table D |
| C. | Table A |
| D. | Table B |
| Answer» C. Table A | |
| 308. |
The forms of articles of association are given in tables ______ is schedule 1 of the Companies Act 1956 |
| A. | A, C, D & E |
| B. | B, C, D & E |
| C. | B, A,C & E |
| D. | B, D & E |
| Answer» A. A, C, D & E | |
| 309. |
The forms of memorandum of association are given in tables _______ in schedule 1 of the companies Act 1956. |
| A. | B, A & E |
| B. | B, C, D & E |
| C. | A, C, D & E |
| D. | D, A E |
| Answer» B. B, C, D & E | |
| 310. |
The doctrine of indoor Management has its origin in |
| A. | Saloman V Salona U& Co. Ltd. |
| B. | Ryland V Turquand |
| C. | Royal British Bank V Turquand |
| D. | None of these |
| Answer» C. Royal British Bank V Turquand | |
| 311. |
Offers may be invited from the public by issuing a document known as _____ |
| A. | Prospectu |
| B. | Notice |
| C. | Circular |
| D. | All of the above |
| Answer» A. Prospectu | |
| 312. |
Articles of Association are not required to be registered in case of ____ |
| A. | An Unlimited Company |
| B. | A Company limited by guarantee |
| C. | A public company limited by shares |
| D. | A private company limited by shares. |
| Answer» D. A private company limited by shares. | |
| 313. |
Doctrine of constructive notice means _____ |
| A. | Notice of alteration of object clause to the registrar |
| B. | Notice to outside dealing with the registrar as to contents of memorandum and articles. |
| C. | Notice of change of name to members |
| D. | Notice to public as to issue of prospectus. |
| Answer» B. Notice to outside dealing with the registrar as to contents of memorandum and articles. | |
| 314. |
A _______may be defined as a person having control over the affairs, conduct and management of a company. |
| A. | Shareholder |
| B. | Director |
| C. | Body Corporate |
| D. | Member |
| Answer» B. Director | |
| 315. |
____________ is the Supreme policy framing and decision making organ of a company. |
| A. | Board of director |
| B. | Share holders |
| C. | Auditor |
| D. | Body Corporate |
| Answer» A. Board of director | |
| 316. |
According to Sec. 225, the Directors should be appointed in the ________- |
| A. | Office of the Registrar |
| B. | General Meeting |
| C. | Office company |
| D. | Share holders |
| Answer» B. General Meeting | |
| 317. |
The office of a director becomes vacant if he fails to obtain his qualification shares within _____ |
| A. | 30 day |
| B. | 1 month |
| C. | 2 months |
| D. | 3 month |
| Answer» C. 2 months | |
| 318. |
A elected director can be terminated by the |
| A. | Company |
| B. | High Court |
| C. | State Government |
| D. | Central Government |
| Answer» D. Central Government | |
| 319. |
__________ vacancy is caused by resignation, death, insolvency or insanity. |
| A. | Casual |
| B. | General |
| C. | Special |
| D. | None of the above |
| Answer» A. Casual | |
| 320. |
The maximum remuneration paid to a manager cannot exceed _________ percent of the annual net profit. |
| A. | 10% |
| B. | 5% |
| C. | 15% |
| D. | 25% |
| Answer» B. 5% | |
| 321. |
The managing directors hold the _______ shares of the company. |
| A. | Deemed |
| B. | Equity |
| C. | Qualification |
| D. | Preference |
| Answer» C. Qualification | |
| 322. |
Directors are _________ of the Powers conferred on then and they must exercise those powers bonafide and for the benefit of the company. |
| A. | Trustee |
| B. | Management |
| C. | Representative |
| D. | None of the above |
| Answer» A. Trustee | |
| 323. |
_________ member of directors need to retire every year |
| A. | 2/3 |
| B. | 2 |
| C. | 1/4 |
| D. | 1/3 |
| Answer» D. 1/3 | |
| 324. |
The directors may be held _______ liable on their failure to fulfill the formalities imposed upon them by the Act. |
| A. | General law |
| B. | Criminal |
| C. | Civil |
| D. | All of the above |
| Answer» B. Criminal | |
| 325. |
A person cannot hold directorship of more than _______ companies at a time. |
| A. | 15 |
| B. | 50 |
| C. | 25 |
| D. | 10 |
| Answer» A. 15 | |
| 326. |
__________ is the executive authority of the company. |
| A. | Partner |
| B. | Shareholders |
| C. | Board of Directors |
| D. | Expert |
| Answer» C. Board of Directors | |
| 327. |
A meeting of Board of directors shall be held at least ____________ |
| A. | One month |
| B. | Once in every 3 months and at least 4 such meetings shall be held every year. |
| C. | Two month |
| D. | 4 months and at least 3 such meetings must be held in every year. |
| Answer» B. Once in every 3 months and at least 4 such meetings shall be held every year. | |
| 328. |
The quorum for a meeting of the board of directors shall be ________ of its total strength or 2 directors, whichever is higher. |
| A. | 3 |
| B. | 1/2 |
| C. | 1/4 |
| D. | 1/3 |
| Answer» D. 1/3 | |
| 329. |
Minimum number of directors in public company is ______ |
| A. | 3 |
| B. | 2 |
| C. | 4 |
| D. | 1 |
| Answer» A. 3 | |
| 330. |
Minimum number of directors in private company is _________ |
| A. | 3 |
| B. | 2 |
| C. | 4 |
| D. | 1 |
| Answer» B. 2 | |
| 331. |
__________ is a group of people who are acting on behalf of the Company. |
| A. | Managing director |
| B. | Partnership |
| C. | Board of directors |
| D. | All the above |
| Answer» C. Board of directors | |
| 332. |
A Managing Director can be appointed for a maximum period of ___________ |
| A. | 2 year |
| B. | 10 years |
| C. | 3 years |
| D. | 5 years |
| Answer» D. 5 years | |
| 333. |
__________ can be imposed on directors for non compliance of requirements of companies Act. |
| A. | Penalty |
| B. | Fine |
| C. | Statutory penalty |
| D. | Criminal liability |
| Answer» B. Fine | |
| 334. |
When a director voluntarily remains absent from the three consecutive meetings of the Board of Directors, and |
| A. | he become liable to be punished with fines @ Rs. 500 for every default |
| B. | he is disqualified for becoming a director of any company. |
| C. | his office falls vacant |
| D. | None of the above |
| Answer» C. his office falls vacant | |
| 335. |
At one time the appointment of sole selling agent can be made for a period of ______ |
| A. | One year |
| B. | three year |
| C. | five year |
| D. | seven year |
| Answer» C. five year | |
| 336. |
The term whole time director is defined in Sec.__________ of the Companies Act 1956 |
| A. | 2(25) |
| B. | 2 (24) |
| C. | 3 (25) |
| D. | 3(24) |
| Answer» B. 2 (24) | |
| 337. |
The appointment of every director is to be made by an _______at the general meeting. |
| A. | Ordinary resolution |
| B. | Special resolution |
| C. | Single resolution |
| D. | None of the above |
| Answer» A. Ordinary resolution | |
| 338. |
_________ director act during the absence of the original director. |
| A. | First Director |
| B. | Additional director |
| C. | Alternate director |
| D. | Representative director |
| Answer» C. Alternate director | |
| 339. |
_________ is the first general meeting of the shareholders of a public company. |
| A. | Extra ordinary meeting |
| B. | Class meeting |
| C. | General meeting |
| D. | Statutory meeting |
| Answer» D. Statutory meeting | |
| 340. |
Statutory meeting must be held with in a period of _____ |
| A. | 90 days from the date at which the company entitled to start it business |
| B. | 6 months from the date of incorporation |
| C. | not less one month & not more than 6 month which the company is entitled to start it business. |
| D. | 18 months from the date of incorporation. |
| Answer» C. not less one month & not more than 6 month which the company is entitled to start it business. | |
| 341. |
The first annual general meeting of the company must be held within ________ |
| A. | 6 months of incorporation |
| B. | 6 months from the date at which the company's entitled to start its business |
| C. | 18 months from the date at which the company is entitled to start its business. |
| D. | 18 months of incorporation. |
| Answer» D. 18 months of incorporation. | |
| 342. |
_________called for dealing with some urgent special business which cannot be postponed till the next annual general meeting. |
| A. | Extra ordinary general meeting |
| B. | Ordinary general meeting |
| C. | Class meeting |
| D. | None of the above |
| Answer» A. Extra ordinary general meeting | |
| 343. |
________ is the minimum number of members that should be present at the meeting as per the Articles of the company before any business can be validly transacted. |
| A. | Minute |
| B. | Quorum |
| C. | Register |
| D. | Proxies |
| Answer» B. Quorum | |
| 344. |
For the proper conduct of business in a meeting a _________ is necessary |
| A. | Director |
| B. | Managing director |
| C. | Chairman |
| D. | Shareholder |
| Answer» C. Chairman | |
| 345. |
___________ is the official records of the meeting of the company. |
| A. | Quorum |
| B. | Register |
| C. | Report |
| D. | Minutes |
| Answer» D. Minutes | |
| 346. |
The Chairman of a company has _________ votes |
| A. | 1 |
| B. | 3 |
| C. | 2 |
| D. | None of the above |
| Answer» C. 2 | |
| 347. |
__________ means the list of business or thing to be done at the meeting |
| A. | Quorum |
| B. | Register |
| C. | Minutes |
| D. | Agenda |
| Answer» D. Agenda | |
| 348. |
_________ refers to the instrument by which a person is appointed to act for another at a meeting of the company. |
| A. | Proxy |
| B. | Quorum |
| C. | Motion |
| D. | None of the above |
| Answer» A. Proxy | |
| 349. |
Decisions of a company are made by _______ of its members passed at meeting of members. |
| A. | Notice |
| B. | resolution |
| C. | Quorum |
| D. | Circular |
| Answer» B. resolution | |
| 350. |
_______ is the resolution which is passed at validly called general meeting, by simple majority of the members. |
| A. | Special resolution |
| B. | Resolution by postal ballot |
| C. | Ordinary resolution |
| D. | Resolution requiring special notice |
| Answer» C. Ordinary resolution | |
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