MCQOPTIONS
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MCQOPTIONS
This section includes 218 Mcqs, each offering curated multiple-choice questions to sharpen your C Sharp Programming knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
The minimum number of members that must be present at a validmeeting is called……… |
| A. | simple majority |
| B. | quorum |
| C. | proxy |
| D. | none of these |
| Answer» C. proxy | |
| 2. |
Table…………..is for memorandum of association of an unlimited company |
| A. | b |
| B. | c |
| C. | d |
| D. | e |
| Answer» E. | |
| 3. |
The procedure to write facts about a resolution and its decision iscalled…………… |
| A. | explanatory statement |
| B. | statutory report |
| C. | minutes of narration |
| D. | none |
| Answer» D. none | |
| 4. |
The first directors are usually named in the ………… |
| A. | articles |
| B. | memorandum |
| C. | prospectus |
| D. | none |
| Answer» B. memorandum | |
| 5. |
The Doctrine of indoor management provides protection to. |
| A. | the board of directors. |
| B. | the shareholders. |
| C. | the managing directors. |
| D. | outsiders. |
| Answer» E. | |
| 6. |
……….. liability is imposed on the directors if they manipulate or falsify theaccounts of the company. |
| A. | civil |
| B. | criminal |
| C. | statutory |
| D. | none |
| Answer» C. statutory | |
| 7. |
Any breach of duty in the conduct of the company’s affairs which causesloses to the company is called |
| A. | misfeasance |
| B. | negligence |
| C. | breach of fiduciary duty |
| D. | mala fide acts |
| Answer» B. negligence | |
| 8. |
A company has to submit a statement of affairs to the Official Liquidatorwithin …… days of the appointment of the official liquidator. |
| A. | 10 |
| B. | 14 |
| C. | 21 |
| D. | 30 |
| Answer» C. 21 | |
| 9. |
A company comes into legal existence as a person on. |
| A. | approval by company law tribunal to commence business. |
| B. | approval by central government as being a bonafide company. |
| C. | acceptance of legal documents by the registrar for its incorporation. |
| D. | issue of certificate of incorporation by the registrar of companies. |
| Answer» E. | |
| 10. |
The alteration of the Memorandum has to be certified by the Registrar. |
| A. | within 45 days. |
| B. | within 15 days. |
| C. | at his own time provided the company satisfies his queries in this respect. |
| D. | within 30 days. |
| Answer» E. | |
| 11. |
Statutory meeting is not to be held if a new company is a . |
| A. | public limited company. |
| B. | government company. |
| C. | private company (limit |
| D. | . (d) fera company. |
| Answer» D. . (d) fera company. | |
| 12. |
The official liquidator after receipt of statement of affairs of the companymust submit a preliminary report to the Tribunal not later than ……………. of the order. |
| A. | 6 month. |
| B. | one year. |
| C. | two weeks. |
| D. | one month. |
| Answer» B. one year. | |
| 13. |
……persons shall subscribe to the memorandum of a public company. |
| A. | 7 |
| B. | 9 |
| C. | 8 |
| D. | 10 |
| Answer» B. 9 | |
| 14. |
The first annual general meeting of the company must be held within. |
| A. | 12 months from the date of incorporation. |
| B. | 12 months from the date of commencement of business. |
| C. | 18 months from the date of its incorporation. |
| D. | 18 months from the date of commencement of business. |
| Answer» D. 18 months from the date of commencement of business. | |
| 15. |
An act which is to be ultra vires a company is…………… |
| A. | valid |
| B. | voidable |
| C. | void |
| D. | none |
| Answer» D. none | |
| 16. |
A company may be wound up by the Tribunal if. |
| A. | the company passes an ordinary resolution to this effect. |
| B. | the company does not commence its business within 6 months of its incorporation. |
| C. | number of members reduced below 7 in the case of a private company. |
| D. | company is unable to pay its debts. |
| Answer» E. | |
| 17. |
The main advantage of …………. is that company can save underwritingexpenses. |
| A. | shelf prospectus |
| B. | red herring prospectus |
| C. | abridged prospectus |
| D. | deemed prospectus |
| Answer» E. | |
| 18. |
The order of dissolution can be issued only by the ………… |
| A. | liquidator |
| B. | solicitor |
| C. | contributory |
| D. | tribunal |
| Answer» E. | |
| 19. |
A company which has not commenced operation or which is not inoperation or has no assets to dive is called……….company. |
| A. | public |
| B. | private |
| C. | sick |
| D. | defunct |
| Answer» E. | |
| 20. |
An act of a director which is intra vires the Memorandum and ultra viresthe Articles of Association. |
| A. | cannot be ratified by the company. |
| B. | must necessarily be ratified by the company. |
| C. | may be ratified by the company. |
| D. | is void ab inito. |
| Answer» D. is void ab inito. | |
| 21. |
Many public companies provide in their articles for an allottee to give upthe right over the shares allotted to him either wholly or partly and transfer the allotment made to him to some other person. This is known as….. |
| A. | splitting of allotment |
| B. | return of allotment |
| C. | renunciation of allotment |
| D. | irregular allotment |
| Answer» D. irregular allotment | |
| 22. |
Quorum for a Board meeting is. |
| A. | 1/3 of total number of directors or 2 directors, whichever is higher. |
| B. | ½ of total number of directors or 3 directors whichever is higher. |
| C. | ½ of total number of director or 3 directors whichever is lower. |
| D. | none of the above. |
| Answer» B. ½ of total number of directors or 3 directors whichever is higher. | |
| 23. |
Doctrine of indoor management is an exception to the principle of ……. |
| A. | rule of majority |
| B. | constructive notice |
| C. | public notice |
| D. | ultra vires |
| Answer» C. public notice | |
| 24. |
The management of every company is controlled by ……………….. |
| A. | manager |
| B. | secretary |
| C. | director |
| D. | none of these |
| Answer» D. none of these | |
| 25. |
………….meeting is the first meeting of the members of the public companyafter its incorporation |
| A. | board |
| B. | annual general |
| C. | departmental |
| D. | statutory |
| Answer» E. | |
| 26. |
The prospectus must be issued within ………………… after the date onwhich a copy thereof has been delivered for registration. |
| A. | 30 days. |
| B. | 60 days. |
| C. | 90 days. |
| D. | 120 days |
| Answer» D. 120 days | |
| 27. |
The minimum number of members required to form a ‘public Company’ is. |
| A. | 2. |
| B. | 7 |
| C. | 10 |
| D. | 50 |
| Answer» C. 10 | |
| 28. |
A meeting of the Board of Directors must be held at least once in. |
| A. | each month. |
| B. | every two months. |
| C. | every three months. |
| D. | every four months. |
| Answer» D. every four months. | |
| 29. |
A voluntary winding up means winding up by. |
| A. | members or creditors. |
| B. | members or contributors. |
| C. | contributories or creditors. |
| D. | share holders or tribunal. |
| Answer» B. members or contributors. | |
| 30. |
The altered memorandum must be filed with the registrar within………. |
| A. | 30 days |
| B. | three months |
| C. | 60 days |
| D. | six months |
| Answer» C. 60 days | |
| 31. |
Minutes of company meeting should be prepared within. |
| A. | 21 days of the meeting. |
| B. | 30 days of the meeting. |
| C. | 40 days of the meeting. |
| D. | 45 days of the meeting. |
| Answer» C. 40 days of the meeting. | |
| 32. |
A voluntary winding up is deemed to commence from the date when thedeclaration of solvency is made by the …………………. . . |
| A. | manager |
| B. | a court of competent jurisdiction |
| C. | board of directors |
| D. | central govt. |
| Answer» D. central govt. | |
| 33. |
The Whistle Blower Policy was recommended by……………. |
| A. | n.r.narayana moorthy |
| B. | anil ambani |
| C. | chris gopalakrishnan |
| D. | asim premji |
| Answer» B. anil ambani | |
| 34. |
Official liquidators are appointed from a panel of. |
| A. | professional firms of chartered accountants. |
| B. | advocates. |
| C. | company secretaries. |
| D. | all. |
| Answer» E. | |
| 35. |
An Audit Committee may include. |
| A. | auditors. |
| B. | company secretary. |
| C. | non- executive directors. |
| D. | all. |
| Answer» E. | |
| 36. |
Any information or knowledge generated by the company. |
| A. | is the property of the company and known as intellectual property. |
| B. | cannot be used by any director for personal gains. |
| C. | if used for personal gains by any director must be accounted for to the company. |
| D. | all the above. |
| Answer» E. | |
| 37. |
The minutes of the share holder’s meeting are to be kept at the……….office of the company and must be open to inspection. |
| A. | registered |
| B. | divisional |
| C. | head |
| D. | none |
| Answer» B. divisional | |
| 38. |
Meeting cannot transact any business unless a……. is present at everystage of the meeting |
| A. | proxy |
| B. | manager |
| C. | quorum |
| D. | secretary |
| Answer» D. secretary | |
| 39. |
According to section 255 of the companies Act, the Directors must beappointed by the. |
| A. | central government. |
| B. | company law tribunal. |
| C. | company in general meeting. |
| D. | board of directors. |
| Answer» D. board of directors. | |
| 40. |
The Statutory Auditors of the company are appointed by. |
| A. | share holders in annual general meeting. |
| B. | board of directors. |
| C. | company law boa |
| Answer» B. board of directors. | |
| 41. |
As per Sec.274, a person shall not be appointed as director if he is foundto be of unsound mind by……… |
| A. | manager |
| B. | a court of competent jurisdiction |
| C. | board of directors |
| D. | none of these |
| Answer» C. board of directors | |
| 42. |
The meeting other than statutory and the annual general meeting of thecompany is………… |
| A. | extra ordinary meeting |
| B. | special meeting |
| C. | board |
| D. | none of these |
| Answer» B. special meeting | |
| 43. |
An official liquidator is appointed by the ………….. |
| A. | manager |
| B. | a court of competent jurisdiction |
| C. | board of directors |
| D. | central govt. |
| Answer» E. | |
| 44. |
Converting a public company into a private company requires a specialresolution. |
| A. | passed by the members and with sanction of the central government. |
| B. | passed by the members and approved by the registrar of companies. |
| C. | passed by the members and approved by the company law tribunal. |
| D. | passed by the members and approved by the auditors. |
| Answer» B. passed by the members and approved by the registrar of companies. | |
| 45. |
A company can be wound up. |
| A. | voluntarily by members. |
| B. | by the order of the tribunal. |
| C. | by voluntary winding up by creditors. |
| D. | by all the above methods. |
| Answer» E. | |
| 46. |
Table………….. is for memorandum of association of a company limited byshares. |
| A. | b |
| B. | c |
| C. | d |
| D. | e |
| Answer» C. d | |
| 47. |
Executive Directors are those directors who. |
| A. | are men from outside the board. |
| B. | occupy management position. |
| C. | are independent directors. |
| D. | elect the board committee. |
| Answer» C. are independent directors. | |
| 48. |
A person cannot be a director of more than …………… as per theCompanies (Amendment) Act, 2000. |
| A. | 5 companies. |
| B. | 10 companies. |
| C. | 15 companies. |
| D. | 20 companies. |
| Answer» D. 20 companies. | |
| 49. |
The new Sec 60B introduced by the Companies (Amendment)Act 2000 isrelated to…….. |
| A. | articles of association |
| B. | memorandum of association |
| C. | prospectus |
| D. | information memorandum |
| Answer» E. | |
| 50. |
Who has certain remedies for misstatement in the prospectus against the company and the persons issuing the Prospectus? |
| A. | a person who has applied for shares in the company and who has been allotted shares. |
| B. | a buyer of shares in the open market. |
| C. | a subscriber to the memorandum. |
| D. | all the above. |
| Answer» B. a buyer of shares in the open market. | |