Business Law sybcom semester 4 MCQ pdf

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sybcom Business Law semester 4 MCQ pdf

1. Which one of the following required ordinary resolution?

a. to change the name of the company

b. to alter the articles of association

c. to reduce the share capital

d. to declare dividends.

ANS: D

 

2. A resolution shall be a special resolution when the votes cast in favour of the resolution by members are not less than ______________the number of votes, if any, cast against the resolution.

a. Twice

b. Three times

c. One third

d. One fourth

ANS: B

 

3. The Registrar may grant an extension by ________, for holding the Annual General Meeting to any company for special reasons (except in the case of first AGM of the company).

a. 1 Month

b. 2 Months

c. 3 Months

d. 6 Months Chetana’s

ANS: C

 

4. The registers required to be kept and maintained by a company and copies of annual return filed shall be kept at_______________

a. Registered office of company

b. Branch office of company

c. Bank

d. any office of company

ANS: A

 

5. If any inspection or the making of any extract or copy required is refused, the company and every officer of the company who is in default shall be liable to a penalty of __________

a. Rs.5000 for every day, maximum of 1 lakh rupees.

b. Rs.1000 for every day, maximum of 1 lakh rupees.

c. Rs.2000 for every day, maximum of 5 lakh rupees.

d. Rs.3000 for every day, maximum of 5 lakh rupees.

ANS: B

 

6. Company must have at least 1 director staying in India for at least ________ days in previous calendar year.

a. 180

b. 182

c. 185

d. 365

ANS: B

 

7. The company shall not issue a stock option to which director?

a. Executive Director

b. Women Director

c. Independent Director

d. Whole time Director

ANS: C

 

8. There should not be more than __________ gap between two General Meetings.

a. 15 Months

b. 12 Months

c. 6 Months

d. 24 Months

ANS: A

 

9. A general meeting of a company can be called by giving not less than clear _________ notice in writing or through electronic mode or any other prescribed manner.

a. 7 days

b. 15 days

c. 30 days Chetana’s

d. 21 days

ANS: D

 

10. Indian Partnership Act, 1932 is governed by:

a. Central Government

b. State Governments

c. Local authority

d. All of these

ANS: A

 

11. partnership firm is:

a. a distinct legal entity different from its partners

b. not a distinct legal entity from its partners

c. a juristic person

d. a natural person

ANS: B

 

12. Partnership is a result of:

a. status

b. contract

c. circumstances

d. situations

ANS: B

 

13. In case of non banking business, the maximum number of partners permissible is:

a. 5

b. 10

c. 15

d. 20

ANS: D

 

14. As per the law, which of the following is not a requisite of partnership:

a. sharing of profits

b. sharing of loss

c. mutual agency

d. carrying on a business

ANS: B

 

15. Where the period of partnership is not fixed, it isChetana’s Hazarimal Somani College of Comm. & Eco. & Smt. Kusumtai Chaudhari college of Arts

a. Partnership at will

b. Particular partnership

c. Partnership for a fixed tenure

d. Hindu undivided family

ANS: A

 

16. Which is not a consequence of non-registration of firms:

a. set off above rupees one thousand.

b. partner cannot bring an action against the firm.

c. firm cannot bring an action against the third party.

d. partner can ask for dissolution of the firm.

ANS: D

 

17. Which of the statement, does not apply to LLP,2008?

a. Liability of each partner is unlimited

b. No limit as to maximum number.

c. LLP has perpetual succession

d. Liability of the each partner is limited.

ANS: A

 

18. Minimum number of designated partners necessary for LLP:

a. 1

b. 2

c. 3

d. 4

ANS: B

 

19. Registration of LLP is granted by:

a. collector of district

b. Registrar of cooperative societies

c. Registrar of Companies

d. Registrar of firms

ANS: C

 

20. Every designated partner shall obtain:

a. Aadhar card

b. DPIN/DIN

c. APN 55Chetana’s

d. Nationalised bank account number.

ANS: B

 

21. LLP is:

a. a partnership firm with unlimited liability

b. a business activity not recognised by law

c. a business enterprise

d. a body corporate with separate entity and perpetual succession

ANS: D

 

22. Ratification means

a. an act approved by LLP done by a partner with consent.

b. an act approved by LLP done by a partner without authority.

c. an act done by partner with consent ans also approved by LLP

d. an illegal act done by a partner without authority and approved by LLP.

ANS: B

 

23. A partner of a LLP is:

a. agent of his co partners

b. agent of LLP as well as copartners

c. agent of the LLP

d. the principal and LLP is agent

ANS: C

 

24. The central council shall meet as and when necessary but at least ___ meeting of the council shall be held every year

a. One

b. Two

c. Three

d. Four

ANS: A

 

25. The chairman of the district consumer protection council is

a. District magistrate

b. Collector of the District

c. MP of the district

d. District Police Commissioner Chetana’s

ANS: B


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