MCQOPTIONS
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MCQOPTIONS
This section includes 216 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Science in Law (BSL) knowledge and support exam preparation. Choose a topic below to get started.
| 151. |
Ques. Companies are now allotted a_________ in addition to their name |
| A. | pan |
| B. | sin |
| C. | pin |
| D. | cin |
| Answer» E. | |
| 152. |
Ques. ________ resolution should be passed by the company to offer shares to outsiders |
| A. | special resolution |
| B. | ordinary resolution |
| C. | c.g |
| D. | none of the above |
| Answer» B. ordinary resolution | |
| 153. |
Ques. The doctrine of indoor management is an_________ to the doctrine of constructive notice |
| A. | exception |
| B. | extension |
| C. | alternative |
| D. | none of the above |
| Answer» C. alternative | |
| 154. |
Ques. ____ are the shares issued by the company to it employees or directors for consideration other than cash |
| A. | bonus |
| B. | sweat |
| C. | right |
| D. | none of the above |
| Answer» C. right | |
| 155. |
Ques. Stamp duty on registration of the company is payable based on____________ capital. |
| A. | nominal |
| B. | authorized |
| C. | both (a) & (b) |
| D. | none |
| Answer» D. none | |
| 156. |
Ques. Accepting of deposits from public in case of private company is |
| A. | prohibited |
| B. | restricted |
| C. | acceptable |
| D. | none of these |
| Answer» B. restricted | |
| 157. |
Ques. In case of Non -Profit making Companies books of accounts are required to be preserved for _____ years |
| A. | 2 |
| B. | 4 |
| C. | 6 |
| D. | 8 |
| Answer» C. 6 | |
| 158. |
Ques. _______ % of shares should be held by a company in another company so as to become subsidiary |
| A. | more than 50 |
| B. | more than 40 |
| C. | more than 30 |
| D. | more than 20 |
| Answer» B. more than 40 | |
| 159. |
Ques. A company is named as govt. company if it is holds_________ % of paid up share capital |
| A. | more than 30 |
| B. | more than 40 |
| C. | more than 50 |
| D. | none |
| Answer» D. none | |
| 160. |
Ques. Minimum no. of Directors in case of private company is __________ |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» C. 3 | |
| 161. |
Ques. Minimum number of members in case of public company |
| A. | 1 |
| B. | 2 |
| C. | 5 |
| D. | 7 |
| Answer» E. | |
| 162. |
Ques. Proxies cannot vote on_________ |
| A. | show of hands |
| B. | poll |
| C. | both (a) & (b) |
| D. | none of the above |
| Answer» B. poll | |
| 163. |
Ques. Central Government permission is required in case of_____ conversion____ |
| A. | private to public |
| B. | public to private |
| C. | both (a) or (b) |
| D. | none of the above |
| Answer» C. both (a) or (b) | |
| 164. |
Ques. Validity period of information memorandum is___________ |
| A. | 1 year |
| B. | 2 years |
| C. | 3 years |
| D. | 4 years |
| Answer» B. 2 years | |
| 165. |
Ques. Paying back of capital is called |
| A. | redemption |
| B. | conversion |
| C. | participation |
| D. | none |
| Answer» B. conversion | |
| 166. |
Ques. A company can become a members of another company if it is so authorized by______ |
| A. | moa |
| B. | aoa |
| C. | both (a) & (b) |
| D. | none of the above |
| Answer» B. aoa | |
| 167. |
Ques. Name of the member is struck off from the register in case of____________ |
| A. | issue of share certificate |
| B. | share warrant |
| C. | forfeiture |
| D. | none of the above |
| Answer» C. forfeiture | |
| 168. |
Ques. Forfeiture can be made only if it is authorized by ______ |
| A. | aoa |
| B. | moa |
| C. | roc |
| D. | c.g |
| Answer» C. roc | |
| 169. |
Ques. The liability of members if company is limited by shares |
| A. | unpaid value of shares |
| B. | guarantee amount |
| C. | unlimited liability |
| D. | none of the above |
| Answer» B. guarantee amount | |
| 170. |
Ques. ______ years of imprisonment will be imposed in case of issue of prospectus with untrue statements |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» C. 3 | |
| 171. |
Ques. Which one of the following has a right to claim compensation for any loss due to mis-statement in prospectus |
| A. | purchasing shares in primary market |
| B. | secondary market |
| C. | subscribers to memo |
| D. | all the above |
| Answer» B. secondary market | |
| 172. |
Ques. The liability of members if company is limited by guarantee. |
| A. | unpaid value of shares |
| B. | guarantee amount |
| C. | unlimited liability |
| D. | none of the above |
| Answer» C. unlimited liability | |
| 173. |
Ques. Maximum no .of members in case of public company is |
| A. | 0 |
| B. | unlimited |
| C. | 50 |
| D. | 100 |
| Answer» C. 50 | |
| 174. |
Ques. Minimum number of members in case of private company is |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» C. 3 | |
| 175. |
Ques. In the event of appointing a proxy joint holders shall sign the proxy form |
| A. | singularly |
| B. | jointly |
| C. | none of the above |
| D. | both (a) & (b) |
| Answer» C. none of the above | |
| 176. |
Ques. Information memorandum + shelf prospectus together constitutes_____ |
| A. | memorandum |
| B. | articles |
| C. | prospectus |
| D. | none of the above |
| Answer» D. none of the above | |
| 177. |
Ques. Deposits should issued with in__________ weeks from the date of receipt of money. |
| A. | 2 |
| B. | 4 |
| C. | 6 |
| D. | 8 |
| Answer» E. | |
| 178. |
Ques. If minimum subscription is not received application money should be refunded with in _____ days |
| A. | 20 |
| B. | 25 |
| C. | 30 |
| D. | 10 |
| Answer» E. | |
| 179. |
Ques. Which of the following can be used for buy back of shares |
| A. | free reserves |
| B. | securities premium |
| C. | proceeds of fresh issue of shares |
| D. | all of the above |
| Answer» E. | |
| 180. |
Ques. Transmission is effected by |
| A. | sale |
| B. | death |
| C. | insolvency |
| D. | both (b) & (c) |
| Answer» E. | |
| 181. |
Question: Cumulative preference share holders have voting right if dividend are in arrears for years |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» C. 3 | |
| 182. |
Question: The doctrine of__________ does not apply to acts void ab initio. |
| A. | ultra virus |
| B. | intra virus |
| C. | constructive notice |
| D. | indoor management |
| Answer» E. | |
| 183. |
Question: In case of Partly Convertible Debentures non-convertible portion is classified as_____ |
| A. | debt |
| B. | equity |
| C. | both (a) & (b) |
| D. | none of the above |
| Answer» B. equity | |
| 184. |
Question: First AGM must be held within_____________ from the incorporation of the company |
| A. | 15 months |
| B. | 18 months |
| C. | 12 months |
| D. | none of these |
| Answer» C. 12 months | |
| 185. |
Question: If the guarantee Co. having no share capital the liability of shareholders will be |
| A. | to the extent of guarantee |
| B. | unpaid value of shares |
| C. | unlimited |
| D. | none of the above |
| Answer» B. unpaid value of shares | |
| 186. |
Question: In case of red-herring prospectus the refund is made with an interest @_____ |
| A. | 12 |
| B. | 13 |
| C. | 15 |
| D. | 16 |
| Answer» D. 16 | |
| 187. |
Question: If a new company get registered with a name which resembles the name of existing company then it should apply to whom? |
| A. | nclt |
| B. | sebi |
| C. | roc |
| D. | none of the above |
| Answer» B. sebi | |
| 188. |
Question: Own funds are called |
| A. | debenture capital |
| B. | share capital |
| C. | loan capital |
| D. | none of the above |
| Answer» C. loan capital | |
| 189. |
Question: The resolution passed at AGM are__________ |
| A. | valid |
| B. | void |
| C. | voidable |
| D. | void ab-initio |
| Answer» B. void | |
| 190. |
Question: After the expiry of how much time the company must think that the permission was not granted |
| A. | 11 weeks |
| B. | 12 weeks |
| C. | 10 weeks |
| D. | none of these |
| Answer» D. none of these | |
| 191. |
Question: Where the registrar strikes off the register the name of a company as a defunct one, the court has the power to order restoration of name with in: |
| A. | 5 years |
| B. | 7 years |
| C. | 10 years |
| D. | 20 years |
| Answer» D. 20 years | |
| 192. |
Question: U/s 274 (f) (g) directors are disqualified for how many________ years. |
| A. | 1 |
| B. | 3 |
| C. | 5 |
| D. | 7 |
| Answer» D. 7 | |
| 193. |
Question: Every AGM must be held with ___ from the date of the Balance Sheet. |
| A. | 4 months |
| B. | 6 months |
| C. | 9 months |
| D. | none of these |
| Answer» D. none of these | |
| 194. |
Question: A share warrant is transferable by ____________ |
| A. | by execution of transfer deed |
| B. | by delivery |
| C. | both (a) and (b) |
| D. | none of the above |
| Answer» C. both (a) and (b) | |
| 195. |
Question: In the given below who are required to hold A.G.M___________ |
| A. | public company |
| B. | private company |
| C. | government company |
| D. | all the three |
| Answer» B. private company | |
| 196. |
Question: Transfer of shares in the case of public company is |
| A. | prohibited |
| B. | restricted |
| C. | freely transferable |
| D. | none of these |
| Answer» D. none of these | |
| 197. |
Question: Which of the following can issue the share warrant |
| A. | public |
| B. | private |
| C. | both (a) & (b) |
| D. | none of the above |
| Answer» B. private | |
| 198. |
Question: In case of continuing default to convene the AGM fine is Rs.___________ for every day. |
| A. | 250 |
| B. | 300 |
| C. | 350 |
| D. | 400 |
| Answer» B. 300 | |
| 199. |
Question: Which of the following is a right of the members of a company_____ |
| A. | right to have share |
| B. | right appoint auditor |
| C. | right appoint director |
| D. | all the above |
| Answer» E. | |
| 200. |
Question: Debentures payable to person whose name appears both on Debenture Certificate and company’s register is called |
| A. | bearer |
| B. | unregistered |
| C. | registered |
| D. | none of the above |
| Answer» D. none of the above | |