MBA Business Law Mcq Set 7 MBA MCQs: multiple choice questions and answers,Mock Tests and Practice Papers

MBA/MBA Business Law Mcq Set 7 Sample Test,Sample questions

Question:

A company is a ______________ person

1.Distinct person

2.Group

3.Legal

4.Association

Posted Date:-2021-11-12 08:49:45

Question:

A person cannot hold directorship of more than ______________ companies at a time

1.15

2.50

3.25

4.10

Posted Date:-2021-11-12 14:51:19

Question:

A public company having a share capital, becomes entitled to commence business only after obtaining a further certificate known as a ________

1.Company formation

2.Certificate of incorporation

3.Provisional contracts

4.Certificate of commence business

Posted Date:-2021-11-12 14:49:37

Question:

A _______ is a visual symbol attached to goods

1.Patent

2.A trade mark

3.Corporal goods

4.Sealed goods

Posted Date:-2021-11-12 08:43:33

Question:

Anything done under an agreement between the company and third party requires recognition of the company in the form of _______

1.Contract

2.Agreement

3.Partnership

4.Official seal

Posted Date:-2021-11-12 14:44:23

Question:

Corporate veil ensures _________ of the company

1.Protection

2.Legal Immunity

3.Both A and B

4.None of the above.

Posted Date:-2021-11-12 08:09:34

Question:

Decisions of a company are made by ______________ of its members passed at meeting of members

1.Notice

2.Resolution

3.Quorum

4.Circular

Posted Date:-2021-11-12 08:41:45

Question:

Doctrine of Ultra virus has reference to ________ clause

1.Object

2.Subscription

3.Liability

4.None of these.

Posted Date:-2021-11-12 14:46:26

Question:

Factories Act came in to existence in _____

1.1948

2.1881

3.1781

4.1757

Posted Date:-2021-11-12 08:43:06

Question:

For declaration of dividend no ________ resolution is required

1.Ordinary

2.Special

3.Simple

4.None of the above

Posted Date:-2021-11-12 14:43:48

Question:

In case of a company limited by guarantee, the liability of the members can be enforced

1.Only at the time of winding up of the company

2.At any time when the company so decide

3.Only by an order of court

4.Only by an order of Registrar of companies

Posted Date:-2021-11-12 08:13:05

Question:

In the event of company being wound up the Tribunal shall prepare list of contributories into _______

1.List A

2.List B

3.List A and B

4.List A or B

Posted Date:-2021-11-12 08:46:47

Question:

Legal position of a promoter of a company is ________

1.That of an agent

2.That of a Trustee

3.In a judiciary capacity

4.That of a solicitor

Posted Date:-2021-11-12 08:45:23

Question:

Mention one right that the proxy enjoys during a meeting?

1.Right to attend the meeting

2.Right to poll

3.Right to vote

4.None of these

Posted Date:-2021-11-12 08:43:57

Question:

Minimum number of directors in private company is _______

1.3

2.2

3.4

4.1

Posted Date:-2021-11-12 14:51:42

Question:

Minimum number of directors in public company is ________

1.3

2.2

3.4

4.1

Posted Date:-2021-11-12 08:19:36

Question:

Offers may be invited from the public by issuing a document known as ________

1.Prospectus

2.Notice

3.Circular

4.All of the above

Posted Date:-2021-11-12 08:18:13

Question:

On a share of Rs.200 of a company a shares holder has already paid Rs.150 . His L9iability is now limited to:

1.200

2.50

3.150

4.0

Posted Date:-2021-11-12 14:45:59

Question:

Private company means a company which has a minimum paid up capital of ______

1.Rs.2,00,000

2.Rs.5,00,000

3.Rs.1,00,000

4.Rs.1,50,000

Posted Date:-2021-11-12 14:45:17

Question:

Registered Office clause of memorandum of Association contain ______

1.The complete postal address

2.The name of Registrar of companies

3.The name of City/ Town only and not that of the state

4.The name of the state in which registered office of the company is to situate

Posted Date:-2021-11-12 08:17:24

Question:

See ______________ of the companies Act, 1956 states that a company means "a company formed and registered under this Act, or an existing company"

1.3(2)(ii)

2.3(1)(ii)

3.3(3)(i)

4.3(3)(i)

Posted Date:-2021-11-12 08:49:13

Question:

Special resolution is passed by majority ______________ of the members voting by show of hands or on poll either in person or by proxy.

1.1/3

2.Â½

3.3

4.Â¾

Posted Date:-2021-11-12 14:56:30

Question:

Statutory companies are also known as ________

1.State legislative

2.Govt. Company

3.Corporation

4.None of the above

Posted Date:-2021-11-12 14:48:44

Question:

Statutory meeting held within a period of ______

1.90 days from the date at which the company is entitled to start its business

2.6 months from the date of incorporation

3.Not less one month & not more than 6 month which the company is entitled to start its business

4.18 months from the date of incorporation

Posted Date:-2021-11-12 14:53:52

Question:

The alteration of the memorandum has to be certified by the Registrar within

1.30 days

2.15 days

3.45 days

4.60 days

Posted Date:-2021-11-12 08:44:52

Question:

The appointment of every director is to be made by an _______ at the general meeting

1.Ordinary resolution

2.Special resolution

3.Single resolution

4.None of the above

Posted Date:-2021-11-12 14:52:15

Question:

The association that are not registered under sec. II of the companies act is _____

1.Incorporated Association

2.Illegal Association

3.Non Licensed Association

4.Unregistered Association

Posted Date:-2021-11-12 14:48:19

Question:

The common seal of the company should have

1.The companyâ€™s name

2.The word Corporate seal

3.The Place of the company

4.all of the above.

Posted Date:-2021-11-12 14:43:17

Question:

The company agrees that the remuneration of non - executive directors shall be decided by _________

1.Company

2.Share holders

3.Board of Directors

4.Central Government

Posted Date:-2021-11-12 08:44:25

Question:

The company shall give notice of alteration to the Register within _______ of passing the resolution

1.3 months

2.6 months

3.30 days

4.60 days

Posted Date:-2021-11-12 14:47:46

Question:

The doctrine of indoor Management has its own origin in

1.Salmon V Salona U&Co.Ltd.

2.Ryland V Turquand

3.Royal British Bank V Turquand

4.None of these

Posted Date:-2021-11-12 14:50:29

Question:

The idea of carrying on a business is conceived by a person by a group of persons called ________

1.Exploits

2.Promoters

3.Directors

4.None of these

Posted Date:-2021-11-12 14:47:17

Question:

The office of a director becomes vacant if he fails to obtain his qualification shares within _______

1.30 days

2.1 month

3.2 months

4.3 month

Posted Date:-2021-11-12 08:18:37

Question:

The procedure to write facts about resolution and its decision is called

1.Quorum

2.Notice

3.Minutes of narration

4.None of the above

Posted Date:-2021-11-12 08:46:20

Question:

The term whole time director is defined in sec ______________ of the Companies Act 1956

1.2(25)

2.2(24)

3.3(25)

4.3(24)

Posted Date:-2021-11-12 08:30:43

Question:

Winding up by special resolution passed by the company

1.Compulsory winding up

2.Winding up

3.Voluntary winding up

4.All of the above

Posted Date:-2021-11-12 08:42:10

Question:

____ is the supreme policy framing and decision making organ of a company.

1.Board of directors

2.Share holders

3.Auditor

4.Body corporate

Posted Date:-2021-11-12 14:50:52

Question:

_____ is the construction of a company

1.Promotion

2.Certificate of incorporation

3.Memorandum

4.Documents

Posted Date:-2021-11-12 14:49:12

Question:

_____ means the list of business or thing to be done at the meeting

1.Quorum

2.Register

3.Minutes

4.Agenda

Posted Date:-2021-11-12 14:54:16

Question:

_____ refers to a voluntary association of individuals formed for the purpose of obtaining a particular social or economical goal.

1.Illegal Association

2.Partnership

3.Incorporation

4.Company

Posted Date:-2021-11-12 08:08:42

Question:

______ is the first state in which assists realized liabilities are paid off and surplus is distributed

1.Dissolution

2.Winding up

3.Acquisitions

4.All of the above

Posted Date:-2021-11-12 08:42:39

Question:

______ lays down the objects and powers of the company.

1.Memorandum of Association

2.Articles of Association

3.Prospectus

4.Statement in lieu

Posted Date:-2021-11-12 08:17:51

Question:

______ Member of directors need to retire every year

1.2/3

2.2

3.Â¼

4.1/3

Posted Date:-2021-11-12 08:19:11

Question:

_______ Acts as the official signature of the company.

1.Registration

2.Special resolution

3.Legal entity

4.Common seal

Posted Date:-2021-11-12 08:12:35

Question:

_______ are subordinate to and controlled by the memorandum.

1.Articles of Association

2.Prospectus

3.Statement in law

4.all of the above.

Posted Date:-2021-11-12 14:46:51

Question:

_______ signed by the required number of persons which are necessary for the formation of company.

1.Memorandum of Association

2.Prospectus

3.Statement in lieu

4.None of the above.

Posted Date:-2021-11-12 08:14:06

Question:

________ is subordinate to and controlled by the memorandum of association

1.Prospectus

2.Statement in lieu

3.Articles of association

4.None of the above

Posted Date:-2021-11-12 14:50:02

Question:

________ is the minimum number that should be present at the meeting as per the articles of the company before any business can be validly transacted.

1.Minutes

2.Quorum

3.Register

4.Proxies

Posted Date:-2021-11-12 08:31:09

Question:

_________ Acts as the official signature of the company.

1.Registration

2.Special resolution

3.Legal entity

4.Common seal

Posted Date:-2021-11-12 08:10:44

Question:

_________ describes the scope of company activities

1.Memorandum of association

2.Articles of Association

3.Documents

4.prospectus.

Posted Date:-2021-11-12 08:13:40

Posted on by R4R Team

MBA/MBA Business Law Mcq Set 7 Sample Test,Sample questions

Question: A company is a ______________ person

Question: A person cannot hold directorship of more than ______________ companies at a time

Question: A public company having a share capital, becomes entitled to commence business only after obtaining a further certificate known as a ________

Question: A _______ is a visual symbol attached to goods

Question: Anything done under an agreement between the company and third party requires recognition of the company in the form of _______

Question: Corporate veil ensures _________ of the company

Question: Decisions of a company are made by ______________ of its members passed at meeting of members

Question: Doctrine of Ultra virus has reference to ________ clause

Question: Factories Act came in to existence in _____

Question: For declaration of dividend no ________ resolution is required

Question: In case of a company limited by guarantee, the liability of the members can be enforced

Question: In the event of company being wound up the Tribunal shall prepare list of contributories into _______

Question: Legal position of a promoter of a company is ________

Question: Mention one right that the proxy enjoys during a meeting?

Question: Minimum number of directors in private company is _______

Question: Minimum number of directors in public company is ________

Question: Offers may be invited from the public by issuing a document known as ________

Question: On a share of Rs.200 of a company a shares holder has already paid Rs.150 . His L9iability is now limited to:

Question: Private company means a company which has a minimum paid up capital of ______

Question: Registered Office clause of memorandum of Association contain ______

Question: See ______________ of the companies Act, 1956 states that a company means "a company formed and registered under this Act, or an existing company"

Question: Special resolution is passed by majority ______________ of the members voting by show of hands or on poll either in person or by proxy.

Question: Statutory companies are also known as ________

Question: Statutory meeting held within a period of ______

Question: The alteration of the memorandum has to be certified by the Registrar within

Question: The appointment of every director is to be made by an _______ at the general meeting

Question: The association that are not registered under sec. II of the companies act is _____

Question: The common seal of the company should have

Question: The company agrees that the remuneration of non - executive directors shall be decided by _________

Question: The company shall give notice of alteration to the Register within _______ of passing the resolution

Question: The doctrine of indoor Management has its own origin in

Question: The idea of carrying on a business is conceived by a person by a group of persons called ________

Question: The office of a director becomes vacant if he fails to obtain his qualification shares within _______

Question: The procedure to write facts about resolution and its decision is called

Question: The term whole time director is defined in sec ______________ of the Companies Act 1956

Question: Winding up by special resolution passed by the company

Question: ____ is the supreme policy framing and decision making organ of a company.

Question: _____ is the construction of a company

Question: _____ means the list of business or thing to be done at the meeting

Question: _____ refers to a voluntary association of individuals formed for the purpose of obtaining a particular social or economical goal.

Question: ______ is the first state in which assists realized liabilities are paid off and surplus is distributed

Question: ______ lays down the objects and powers of the company.

Question: ______ Member of directors need to retire every year

Question: _______ Acts as the official signature of the company.

Question: _______ are subordinate to and controlled by the memorandum.

Question: _______ signed by the required number of persons which are necessary for the formation of company.

Question: ________ is subordinate to and controlled by the memorandum of association

Question: ________ is the minimum number that should be present at the meeting as per the articles of the company before any business can be validly transacted.

Question: _________ Acts as the official signature of the company.

Question: _________ describes the scope of company activities

More MCQS

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Question:
A company is a ______________ person

Question:
A person cannot hold directorship of more than ______________ companies at a time

Question:
A public company having a share capital, becomes entitled to commence business only after obtaining a further certificate known as a ________

Question:
A _______ is a visual symbol attached to goods

Question:
Anything done under an agreement between the company and third party requires recognition of the company in the form of _______

Question:
Corporate veil ensures _________ of the company

Question:
Decisions of a company are made by ______________ of its members passed at meeting of members

Question:
Doctrine of Ultra virus has reference to ________ clause

Question:
Factories Act came in to existence in _____

Question:
For declaration of dividend no ________ resolution is required

Question:
In case of a company limited by guarantee, the liability of the members can be enforced

Question:
In the event of company being wound up the Tribunal shall prepare list of contributories into _______

Question:
Legal position of a promoter of a company is ________

Question:
Mention one right that the proxy enjoys during a meeting?

Question:
Minimum number of directors in private company is _______

Question:
Minimum number of directors in public company is ________

Question:
Offers may be invited from the public by issuing a document known as ________

Question:
On a share of Rs.200 of a company a shares holder has already paid Rs.150 . His L9iability is now limited to:

Question:
Private company means a company which has a minimum paid up capital of ______

Question:
Registered Office clause of memorandum of Association contain ______

Question:
See ______________ of the companies Act, 1956 states that a company means "a company formed and registered under this Act, or an existing company"

Question:
Special resolution is passed by majority ______________ of the members voting by show of hands or on poll either in person or by proxy.

Question:
Statutory companies are also known as ________

Question:
Statutory meeting held within a period of ______

Question:
The alteration of the memorandum has to be certified by the Registrar within

Question:
The appointment of every director is to be made by an _______ at the general meeting

Question:
The association that are not registered under sec. II of the companies act is _____

Question:
The common seal of the company should have

Question:
The company agrees that the remuneration of non - executive directors shall be decided by _________

Question:
The company shall give notice of alteration to the Register within _______ of passing the resolution

Question:
The doctrine of indoor Management has its own origin in

Question:
The idea of carrying on a business is conceived by a person by a group of persons called ________

Question:
The office of a director becomes vacant if he fails to obtain his qualification shares within _______

Question:
The procedure to write facts about resolution and its decision is called

Question:
The term whole time director is defined in sec ______________ of the Companies Act 1956

Question:
Winding up by special resolution passed by the company

Question:
____ is the supreme policy framing and decision making organ of a company.

Question:
_____ is the construction of a company

Question:
_____ means the list of business or thing to be done at the meeting

Question:
_____ refers to a voluntary association of individuals formed for the purpose of obtaining a particular social or economical goal.

Question:
______ is the first state in which assists realized liabilities are paid off and surplus is distributed

Question:
______ lays down the objects and powers of the company.

Question:
______ Member of directors need to retire every year

Question:
_______ Acts as the official signature of the company.

Question:
_______ are subordinate to and controlled by the memorandum.

Question:
_______ signed by the required number of persons which are necessary for the formation of company.

Question:
________ is subordinate to and controlled by the memorandum of association

Question:
________ is the minimum number that should be present at the meeting as per the articles of the company before any business can be validly transacted.

Question:
_________ Acts as the official signature of the company.

Question:
_________ describes the scope of company activities