MCQOPTIONS
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MCQOPTIONS
This section includes 36 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Commerce (B Com) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
______ is the conclusive evidence in case of company that statutory requirements have complied with |
| A. | certificate of incorporation |
| B. | certificate of commencement of business |
| C. | both |
| D. | none of the above |
| Answer» B. certificate of commencement of business | |
| 2. |
Any change in the address of the registered office must be communicated to the registrar within: |
| A. | 15 days |
| B. | 30 days |
| C. | 1 Month |
| D. | 12 months |
| Answer» D. 12 months | |
| 3. |
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 | |
| 4. |
Under which sec. if company fails to commence its main object the court may order winding up |
| A. | 403 (f) |
| B. | 413 (f) |
| C. | 423 (f) |
| D. | 433 (f) |
| Answer» E. | |
| 5. |
MOA should be in form ________ in case of company limited by guarantee and having share capital |
| A. | Table A |
| B. | Table B |
| C. | Table C |
| D. | Table D |
| Answer» E. | |
| 6. |
Signature of memorandum and articles should be done by ___________ number of persons in case of public company |
| A. | 7 |
| B. | 5 |
| C. | 4 |
| D. | None of these |
| Answer» B. 5 | |
| 7. |
In the MOA there are 6 clauses. We can alter all clauses expect one clause. What is that clause? |
| A. | Objects clause |
| B. | Name clause |
| C. | Association clause |
| D. | None of these |
| Answer» D. None of these | |
| 8. |
If anybody wants to file a case against the company they should file at what place _________ |
| A. | Company |
| B. | Registered Office |
| C. | BOD |
| D. | Books of accounts |
| Answer» C. BOD | |
| 9. |
MOA should be in form ____________ in case of company limited by guarantee not having share capital |
| A. | Table A |
| B. | Table B |
| C. | Table C |
| D. | Table D |
| Answer» D. Table D | |
| 10. |
The granting of the certificate of incorporation renders the illegal objects include in the memorandum: |
| A. | Legal |
| B. | Void |
| C. | Voidable |
| D. | None of the above |
| Answer» C. Voidable | |
| 11. |
XYZ Co. is a holding of XZ Pvt. Company. XZ Co. issued deferred shares. The issue is valid or void |
| A. | Valid |
| B. | Void |
| C. | Situation does not arise |
| D. | None of these |
| Answer» C. Situation does not arise | |
| 12. |
____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 | |
| 13. |
The company must deliver share certificate within ___________ if the shares allotted by company. |
| A. | 2 months |
| B. | 3 months |
| C. | 4 months |
| D. | none of these |
| Answer» C. 4 months | |
| 14. |
Within ______weeks requisition requiring circulation of a resolution may be deposited with ROC. |
| A. | 3 |
| B. | 6 |
| C. | 9 |
| D. | 12 |
| Answer» B. 6 | |
| 15. |
_________ opined that ROC could grant extension only when application for extension is made before the expiry of period u/s 166 (1) |
| A. | DCA |
| B. | NCLT |
| C. | Govt |
| D. | Both (b) & (c) |
| Answer» B. NCLT | |
| 16. |
_______ 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 | |
| 17. |
In which one or more of the following company a member does not have a right to appoint proxy: |
| A. | Public company having share capital |
| B. | Public company not having share capital |
| C. | Private company not having a share capital |
| D. | None of the above |
| Answer» C. Private company not having a share capital | |
| 18. |
Minutes should be recorded within _________ days from the date of conclusion of every meeting |
| A. | 10 |
| B. | 20 |
| C. | 30 |
| D. | 40 |
| Answer» D. 40 | |
| 19. |
In case of Statutory General Meeting receipts & payments are prepared up to _______ days before the date of report |
| A. | 3 |
| B. | 5 |
| C. | 7 |
| D. | 9 |
| Answer» D. 9 | |
| 20. |
The notice offering right shares must allow the members ________to exercise their option to accept, reject or renounce it |
| A. | 10 days |
| B. | 14 days |
| C. | 15 days |
| D. | 20 days |
| Answer» D. 20 days | |
| 21. |
Within 30 days of completion of buy back company shall file the details with whom _________ |
| A. | Registrar |
| B. | SEBI |
| C. | Both a & b |
| D. | None of the above |
| Answer» B. SEBI | |
| 22. |
_______ meeting given an opportunity to the member to know discuss on promotion & formation of the company. |
| A. | General |
| B. | EGM |
| C. | Statutory |
| D. | None of the above |
| Answer» D. None of the above | |
| 23. |
Who should certify that company allotted the shares and cash received in respect there of ______ |
| A. | Auditor |
| B. | Director |
| C. | Share holder |
| D. | Members |
| Answer» B. Director | |
| 24. |
Which one of the following has a right to claim compensation for any loss due to misstatement in prospectus |
| A. | Purchasing shares in Primary Market |
| B. | Secondary Market |
| C. | Subscribers to memo. |
| D. | All the above |
| Answer» B. Secondary Market | |
| 25. |
What is the punishment for directors, promoters and other persons for Misrepresentation in prospectus |
| A. | Fine 50,000 |
| B. | 2 years imprisonment |
| C. | Both of the above |
| D. | None |
| Answer» D. None | |
| 26. |
_________ prospectus were issued in order to test the market before finalizing issue size/ price. |
| A. | Deemed |
| B. | Shelf |
| C. | Red herring |
| D. | None of the above |
| Answer» D. None of the above | |
| 27. |
What is the liability not delivering that can be imposed for statement in lieu of prospectus_________ |
| A. | Fine 10,000 |
| B. | Imprisonment 2 years |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» B. Imprisonment 2 years | |
| 28. |
_______ is an instrument of transfer signed by the transferor in which the name & date are not filled. |
| A. | Forged transfer |
| B. | Blank transfer |
| C. | Both (a) & (b) |
| D. | None of the above |
| Answer» C. Both (a) & (b) | |
| 29. |
Contracts made after incorporation but before the grant of Certificate of commencement of Business _____ |
| A. | Provisional contracts |
| B. | Pre incorporation contracts |
| C. | Preliminary contracts |
| D. | Both (b) & (c) |
| Answer» D. Both (b) & (c) | |
| 30. |
In the event of company being wound up the Tribunal shall prepare list of contributories into _____ |
| A. | List A |
| B. | List B |
| C. | List A and List B |
| D. | List A or List B |
| Answer» D. List A or List B | |
| 31. |
________are required to file prior to making second and subsequent issue of securities in case shelf prospectus are filed: |
| A. | Information memorandum |
| B. | Information articles |
| C. | Form 13 |
| D. | None of the above |
| Answer» B. Information articles | |
| 32. |
_______ may grant exemption to any class of companies with regard to the time & place of AGM. |
| A. | C.G |
| B. | ROC |
| C. | NCLT |
| D. | D.C.A |
| Answer» B. ROC | |
| 33. |
The capital which is part of the uncalled capital of the company which can be called up only in the event of its winding up it is called |
| A. | Issued capital |
| B. | Nominal capital |
| C. | Authorised Capital |
| D. | Reserve capital |
| Answer» E. | |
| 34. |
The company must deliver share certificate within ___________ if the shares applied for transfer. |
| A. | 3 months |
| B. | 2 months |
| C. | 5 months |
| D. | none of these |
| Answer» C. 5 months | |
| 35. |
What is the maximum period for redemption in case of preference shares issued by the company? |
| A. | 10 years |
| B. | 15 years |
| C. | 20 years |
| D. | None of these |
| Answer» D. None of these | |
| 36. |
Signature of memorandum and articles should be done by ___________number of persons in case of private company |
| A. | 3 |
| B. | 4 |
| C. | 2 |
| D. | None of these |
| Answer» D. None of these | |