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) .
| 351. |
________ is the resolution which is passed , at valid called general meeting, by special majority of the meeting. |
| A. | Ordinary resolution |
| B. | Special resolution |
| C. | Resolution by postal ballot |
| D. | Resolution requiring special notice. |
| Answer» B. Special resolution | |
| 352. |
Special resolution is passed by majority f _______ of the members voting by show of hands or on poll either in person or by proxy. |
| A. | 1/3 |
| B. | 1/2 |
| C. | 3 |
| D. | 3/4 |
| Answer» D. 3/4 | |
| 353. |
_________ is a proposal put before a meeting. |
| A. | Motion |
| B. | Resolution |
| C. | Quorum |
| D. | Proxy |
| Answer» A. Motion | |
| 354. |
__________ is a decision on the proposal |
| A. | Quorum |
| B. | Proxy |
| C. | Motion |
| D. | Resolution |
| Answer» D. Resolution | |
| 355. |
Winding up by the order of Tribunal is ____________ |
| A. | Voluntary winding up |
| B. | Compulsory winding up |
| C. | Winding up |
| D. | All the above |
| Answer» B. Compulsory winding up | |
| 356. |
Winding up by special resolution passed by the company is _______ |
| A. | Compulsory winding up |
| B. | Winding up |
| C. | Voluntary winding up |
| D. | All the abvoe |
| Answer» C. Voluntary winding up | |
| 357. |
In case of members voluntary winding up, the liquidation for conducting the winding up proceedings is appointed by ______ |
| A. | Central government |
| B. | Company in its general meeting |
| C. | Company Law Board |
| D. | Register |
| Answer» B. Company in its general meeting | |
| 358. |
The company is dissolved when the Tribunal passes an order of dissolution and the Tribunal shall pass such order _________ |
| A. | When the affairs of the company have been completely wound up |
| B. | Immediately after the winding up order |
| C. | At the instance of central government |
| D. | At the instance of company Law Board. |
| Answer» A. When the affairs of the company have been completely wound up | |
| 359. |
A past member can also be placed on the list of contributories of he has ceased to be a member within ____ |
| A. | 3 years before the commencement of the winding up |
| B. | 2 years before the commencement of the winding up |
| C. | 18 months before the commencement of the winding up |
| D. | 12 months before the commencement of the winding up |
| Answer» D. 12 months before the commencement of the winding up | |
| 360. |
The name of a defunct company can be resorted to register on an application made to the Tribunal by the company, or any member or a creditor within _______ |
| A. | 3 years from the dissolution |
| B. | 6 years from the dissolution |
| C. | 20 years from the dissolution |
| D. | 12 years from the dissolution |
| Answer» C. 20 years from the dissolution | |
| 361. |
_______ is the first state in which assists realised liabilities are paid off and surplus is distributed. |
| A. | Dissolution |
| B. | Winding up |
| C. | Acquisitions |
| D. | All the above |
| Answer» B. Winding up | |
| 362. |
The order of dissolution can be issued only by the company. |
| A. | Tribunal |
| B. | Company Law Board |
| C. | Both A and B |
| D. | None of the above |
| Answer» A. Tribunal | |
| 363. |
In members voluntary winding up control of winding up in the hands of the ________ |
| A. | Creditor |
| B. | Members |
| C. | Company |
| D. | Directors |
| Answer» C. Company | |
| 364. |
__________ is a process or set of systems and processes to ensure that a company is managed to suit the best interests of all those who are interested in the well being of the company. |
| A. | Governance |
| B. | SEBI |
| C. | Corporate Governance |
| D. | None of the above |
| Answer» C. Corporate Governance | |
| 365. |
OECD stands for _______ |
| A. | Organization for Economic Control and Development |
| B. | Organization for Economic Corporations and Development |
| C. | Organization for Economic control and Direction |
| D. | Organizations for Export Co-operation and Development |
| Answer» D. Organizations for Export Co-operation and Development | |
| 366. |
The Whistle Blower policy was recommended by _______- |
| A. | Nomination Committee |
| B. | Narasimha Report |
| C. | Board Committees |
| D. | N.R, Narayana Moorthy |
| Answer» D. N.R, Narayana Moorthy | |
| 367. |
Which of the following reports included clauses 49 in the listing agreement |
| A. | Narasimham Committee |
| B. | Kumaramangalam Birla Report |
| C. | L.C. Gupta Report |
| D. | None of the above |
| Answer» B. Kumaramangalam Birla Report | |
| 368. |
_________ committee suggests that the non-executive directors can play a crucial role in corporate Governance.` |
| A. | Cadbery |
| B. | Ruttemen |
| C. | N.R. Nanayana Moorthy |
| D. | Narasimham Committee |
| Answer» A. Cadbery | |
| 369. |
An Audit committee may include______ |
| A. | Auditor |
| B. | Company Secretary |
| C. | Non executive directors |
| D. | All of the above |
| Answer» D. All of the above | |
| 370. |
Audit committee shall meet at least ______ times in a year. |
| A. | 3 |
| B. | 2 |
| C. | 4 |
| D. | 1/3 |
| Answer» C. 4 | |
| 371. |
________ are the true owners of the company |
| A. | Member |
| B. | Investors |
| C. | Directors |
| D. | Shareholders |
| Answer» D. Shareholders | |
| 372. |
Audit committee shall act in accordance with the terms of reference to be specified by _________ |
| A. | Statutory Auditor |
| B. | SEBI |
| C. | Board of Directors |
| D. | Central Government |
| Answer» A. Statutory Auditor | |
| 373. |
___________ auditors of the company are appointed by the share holders in Annual General Meeting. |
| A. | General |
| B. | Statutory |
| C. | Special |
| D. | None of the above |
| Answer» B. Statutory | |
| 374. |
IPOS stands for _______ |
| A. | Inviting Public offer |
| B. | Investment public offer |
| C. | Initial public offer |
| D. | Individual public offer |
| Answer» C. Initial public offer | |
| 375. |
The audit committee should meet at least _______ in a year |
| A. | 4 |
| B. | 2 |
| C. | 3 |
| D. | 6 |
| Answer» A. 4 | |
| 376. |
The code on corporate Governance published in the year ______ |
| A. | 2000 |
| B. | 2004 |
| C. | 2008 |
| D. | 2006 |
| Answer» C. 2008 | |
| 377. |
Which one 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 | |
| 378. |
The time gab between two Annual General Meeting should not exceed ________ |
| A. | 6 month |
| B. | 12 months |
| C. | 8 months |
| D. | 15 months |
| Answer» D. 15 months | |
| 379. |
Extra ordinary meeting is a meeting of the ________ |
| A. | Member |
| B. | Share holders |
| C. | Directors |
| D. | Both a and b |
| Answer» B. Share holders | |
| 380. |
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 | |
| 381. |
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 | |
| 382. |
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 | |
| 383. |
4 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 | |
| 384. |
The listing Agreement was first introduced in India is _______ |
| A. | Delhi |
| B. | Hyderabad |
| C. | Bangalore |
| D. | Bombay |
| Answer» D. Bombay | |
| 385. |
Expand CEO |
| A. | Comptroller Executive Officer |
| B. | Chief Executive Officer |
| C. | Central Executive Officer |
| D. | None of the above |
| Answer» B. Chief Executive Officer | |
| 386. |
Converting the physical shares into electronic shares is called ______ |
| A. | Dematerialisation |
| B. | Rematerialisation |
| C. | Electronic share |
| D. | Computerized method |
| Answer» A. Dematerialisation | |
| 387. |
The company agrees that the remuneration of non-executive directors shall be decided by _______ |
| A. | Company |
| B. | Shareholders |
| C. | Board of Directors |
| D. | Central Government |
| Answer» C. Board of Directors | |
| 388. |
On a winding up order being made, the company's property comes under the custody of ______ |
| A. | Central government |
| B. | Tribunal |
| C. | Shareholders |
| D. | Liquidator |
| Answer» D. Liquidator | |
| 389. |
A proxy can vote only in case of _______ |
| A. | Vote |
| B. | Poll |
| C. | Election |
| D. | None of these |
| Answer» B. Poll | |
| 390. |
Where a director acts dishonestly to the interest of the company. He will be held liable for ________ |
| A. | Negligence |
| B. | Malafide acts |
| C. | Ultravires acts |
| D. | Breach of fiduciary duty |
| Answer» D. Breach of fiduciary duty | |
| 391. |
Shelf Prospectus means a prospectus issued by ______ |
| A. | Any trading company |
| B. | Any industrial company |
| C. | Any financial institution or bank |
| D. | None of the above |
| Answer» C. Any financial institution or bank | |
| 392. |
The most important 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 | |
| 393. |
The alteration of the memorandum has to be certified by the Registrar within |
| A. | 30 day |
| B. | 15 days |
| C. | 45 days |
| D. | 60 days |
| Answer» A. 30 day | |
| 394. |
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 | |
| 395. |
Notice of the registered office of the company shall be given to the Registrar of companies with in ______ |
| A. | 45 day |
| B. | 30 days |
| C. | 15 days |
| D. | 60 days |
| Answer» B. 30 days | |
| 396. |
An act which is to be ultra vires a company is _______ |
| A. | Void |
| B. | Valid |
| C. | Both a and b |
| D. | None of the above |
| Answer» A. Void | |
| 397. |
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 | |
| 398. |
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 | |
| 399. |
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 | |
| 400. |
RBI is an example of _______ company. |
| A. | Chartered |
| B. | Statutory |
| C. | Licensed |
| D. | Registered |
| Answer» B. Statutory | |
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