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.
| 151. |
The exception to the doctrine of constructive notice is provided in |
| A. | lifting the corporate veil. |
| B. | doctrine of ultra vires. |
| C. | doctrine of indoor management. |
| D. | none of the above. |
| Answer» D. none of the above. | |
| 152. |
As per Sec.488, Declaration of Solvency of company by the Directors in thecase of voluntary winding up may be made within. |
| A. | 5 weeks of passing resolution. |
| B. | one month. |
| C. | 6 months. |
| D. | none of these. |
| Answer» B. one month. | |
| 153. |
SEBI’s code of Corporate Governance provides from the constitution ofshare holders committee under the chairmanship of ……………….. . |
| A. | board of directors |
| B. | director |
| C. | non executive director |
| D. | manager |
| Answer» D. manager | |
| 154. |
What is the amount of contribution that a company can make for politicalpurposes? |
| A. | 10% of net profits of the preceding financial year on which the tax has been paid. |
| B. | 5% of gross profit of the current assessment year. |
| C. | amount not exceeding 5% of the net profits of three immediately preceding financial years. |
| D. | none of these. |
| Answer» D. none of these. | |
| 155. |
………….means a prospectus issued by any financial institution or bankfor one or more issues of the securities specified in that document. |
| A. | shelf prospectus |
| B. | red herring prospectus |
| C. | abridged prospectus |
| D. | deemed prospectus |
| Answer» B. red herring prospectus | |
| 156. |
Under the companies Act, which one of the following powers can beexercised by the Board of Directors? |
| A. | power to sell the company’s undertakings. |
| B. | power to make call. |
| C. | power to borrow money in excess of the paid up capital. |
| D. | power to reappoint an auditor. |
| Answer» C. power to borrow money in excess of the paid up capital. | |
| 157. |
When can an annual General Meeting be called giving shorter notice than thatspecified? |
| A. | if consent is accorded to by all the members entitled to vote. |
| B. | if consent is accorded to by 30% of the members entitled to vote. |
| C. | if board of directors takes a majority decision in this rega |
| Answer» B. if consent is accorded to by 30% of the members entitled to vote. | |
| 158. |
A director who is interested in any transaction of the company is bound todisclose his interest to……… |
| A. | manager |
| B. | secretary |
| C. | employees |
| D. | board of directors |
| Answer» E. | |
| 159. |
A special resolution is one to pass with the votes cast in favour must be………..times the votes cast against it. |
| A. | 2 |
| B. | 3 |
| C. | 4 |
| D. | 6 |
| Answer» C. 4 | |
| 160. |
Every prospectus |
| A. | has to be dated. |
| B. | need not be dated as per the provisions of law. |
| C. | can be dated depending upon the requirements of the boa |
| Answer» B. need not be dated as per the provisions of law. | |
| 161. |
Sec.291 of the Company Act 1956, has clarified that. |
| A. | the directors are subordinate to the overall majority of the shareholders. |
| B. | the board of directors shall exercise all such powers and do all such acts as the company is authorized to exercise or to do subject to the restrictions contained in the act, memorandum and articles. |
| C. | the shareholders cannot interfere with the conduct of management in any way. |
| D. | all the above. |
| Answer» C. the shareholders cannot interfere with the conduct of management in any way. | |
| 162. |
Doctrine of constructive notice is related to. |
| A. | memorandum of association. |
| B. | articles of association. |
| C. | memorandum of association and articles of association both. |
| D. | neither memorandum of association nor articles of association. |
| Answer» D. neither memorandum of association nor articles of association. | |
| 163. |
Where there is a non-executive chairman, at least …..of board shouldcomprise of independent directors. |
| A. | 1/3 |
| B. | 2/3 |
| C. | ½ |
| D. | none of these |
| Answer» B. 2/3 | |
| 164. |
Which of the following is a joint stock company as per the companies Act,1956? |
| A. | a charitable trust. |
| Answer» E. | |
| 165. |
A person liable to contribute towards the assets of the company on theevent of its being wound up is a ………… |
| A. | liquidator |
| B. | solicitor |
| C. | contributory |
| D. | tribunal |
| Answer» D. tribunal | |
| 166. |
A change in the registered office of the company from one state to anothercan be effected by. |
| A. | a resolution of the board of directors. |
| B. | a resolution passed in the general meeting of the company. |
| C. | a special resolution of the company and approval of the central government. |
| D. | a special resolution and confirmation of the company law tribunal. |
| Answer» E. | |
| 167. |
……………..is entitled to the management of the whole or substantially thewhole of the affairs of the company. |
| A. | manager |
| B. | secretary |
| C. | promoters |
| D. | board of directors |
| Answer» B. secretary | |
| 168. |
An Article constitutes a contract between. |
| A. | the company and its members. |
| B. | the members and outsiders. |
| C. | the company and the outsider. |
| D. | all the above. |
| Answer» B. the members and outsiders. | |
| 169. |
For declaration of dividend no ……...resolution is required. |
| A. | ordinary |
| B. | special |
| C. | both |
| D. | none |
| Answer» C. both | |
| 170. |
On a winding up order being made in respect of a company, the officialLiquidator shall, become the ………….. of the company. |
| A. | liquidator |
| B. | solicitor |
| C. | contributory |
| D. | tribunal |
| Answer» B. solicitor | |
| 171. |
A company is said to have been registered when? |
| A. | it files memorandum of association and articles of association. |
| B. | it gets incorporation certificate with the registrar of companies. |
| C. | it gets certificate for commencement of business. |
| D. | it actually starts its business. |
| Answer» C. it gets certificate for commencement of business. | |
| 172. |
The company shall send a duplicate copy of the contents of Register ofdirectors to the registrar within …….of the appointment of the directors. |
| A. | 30 days |
| B. | three months |
| C. | 60 days |
| D. | six months |
| Answer» B. three months | |
| 173. |
When the Directors have acted mala fide and are themselves the wrongdoers, the only option left with the shareholders is. |
| A. | to go to the court. |
| B. | approach the company law tribunal. |
| C. | to interfere in management by a majority in the general meeting. |
| D. | to approach the central government. |
| Answer» D. to approach the central government. | |
| 174. |
The altered memorandum must be filed with the registrar within………….months. |
| A. | 30 days |
| B. | three months |
| C. | 60 days |
| D. | six months |
| Answer» C. 60 days | |
| 175. |
A company can change its name by passing ……….resolution. |
| A. | special |
| B. | extra ordinary |
| C. | ordinary |
| D. | none of these |
| Answer» B. extra ordinary | |
| 176. |
The interval between two annual general meetings should not be more than. |
| A. | 12 months. |
| B. | 15 months. |
| C. | 18 months. |
| D. | 20 months. |
| Answer» C. 18 months. | |
| 177. |
………. defines the extent of powers of powers of the company. |
| A. | articles of association |
| B. | memorandum of association |
| C. | prospectus |
| D. | information memorandum |
| Answer» C. prospectus | |
| 178. |
When a large block of shares has been allotted to a single person, thecompany may at his request, divide the original allotment letter into a number of small allotment letters. This is called |
| A. | splitting of allotment |
| B. | return of allotment |
| C. | renunciation of allotment |
| D. | irregular allotment |
| Answer» B. return of allotment | |
| 179. |
Voting in a company Meeting can be through. |
| A. | ballot. |
| B. | raising hands. |
| C. | raising voice. |
| D. | all of these. |
| Answer» E. | |
| 180. |
The judgement in the case of Foss Vs Hurbottle lays down the principle of …… |
| A. | rule of majority |
| B. | constructive notice |
| C. | indoor management |
| D. | public notice |
| Answer» B. constructive notice | |
| 181. |
Table…………..is for memorandum of association of a company limited byguarantee and not having a share capital. |
| A. | b |
| B. | c |
| C. | d |
| D. | e |
| Answer» C. d | |
| 182. |
According to the companies Act, 1956 a Private limited company musthave at least ………… directors. |
| A. | seven. |
| B. | three. |
| C. | two. |
| D. | one. |
| Answer» D. one. | |
| 183. |
The document which invites the public for subscribing capital in the formof shares and debenture is called. |
| A. | memorandum of association. |
| B. | article of association. |
| C. | prospectus. |
| D. | legal announcement. |
| Answer» D. legal announcement. | |
| 184. |
An ordinary resolution at a general meeting of the shareholders issufficient for. |
| A. | reduction of share capital. |
| B. | issue of shares at a discount. |
| C. | creation of reserve capital. |
| D. | all the above. |
| Answer» C. creation of reserve capital. | |
| 185. |
Memorandum of Association does not include. |
| A. | subscription clause. |
| B. | capital clause. |
| C. | liability clause. |
| D. | assets clause. |
| Answer» E. | |
| 186. |
When an act is performed or a transaction is carried out, which thoughlegal in itself, is not authorized by the objects clause in the Memorandum or by Statute, it is said to be. |
| A. | ultra vires the powers of the company. |
| B. | intra vires the powers of the company. |
| C. | ultra vires the powers of the company. |
| D. | ultra vires the implied authority. |
| Answer» B. intra vires the powers of the company. | |
| 187. |
As per Sec.457, the statutory powers of the liquidator can be exercised. |
| A. | with the sanction of tribunal. |
| B. | without the sanction of the tribunal. |
| C. | some with and some without such sanction. |
| D. | with the sanction of the central government. |
| Answer» D. with the sanction of the central government. | |
| 188. |
Which of the following reports included clause 49 in the listing agreement. |
| A. | sabhanayagam report. |
| B. | kumaramangalam birla report. |
| C. | narasimham report. |
| D. | l.c. gupta report. |
| Answer» C. narasimham report. | |
| 189. |
Where a director acts dishonestly to the interest of the company, he will beheld liable for. |
| A. | ultra vires acts. |
| B. | negligence. |
| C. | breach of fiduciary duty. |
| D. | mala fide acts. |
| Answer» D. mala fide acts. | |
| 190. |
A registered company is the company which is incorporated. |
| A. | under the companies act, 1956. |
| B. | by a special notification of the central government. |
| C. | under the indian registration act. |
| D. | by a special act of parliament or state. |
| Answer» B. by a special notification of the central government. | |
| 191. |
……….. gives only a general idea about securities. |
| A. | shelf prospectus |
| B. | red herring prospectus |
| C. | abridged prospectus |
| D. | deemed prospectus |
| Answer» C. abridged prospectus | |
| 192. |
A document which lays down the fundamental conditions upon which thecompany is allowed to form is called. |
| A. | memorandum of association. |
| B. | article of association. |
| C. | prospects. |
| D. | certificate of incorporation. |
| Answer» B. article of association. | |
| 193. |
Which of the following is not true- |
| A. | rbi is an example of a statutory company |
| B. | suit can be maintained in the name of a company |
| C. | lic is an example of registered company |
| D. | the persons who form the company are called promoters |
| Answer» D. the persons who form the company are called promoters | |
| 194. |
A proxy can vote in case of ………. |
| A. | poll |
| B. | meeting |
| C. | both |
| D. | none |
| Answer» B. meeting | |
| 195. |
‘Shelf prospectus’ means a prospectus issued by. |
| A. | any trading company. |
| B. | any industrial company. |
| C. | any financial institution or banks. |
| D. | any existing company whose shares are listed on a recognized stock exchange. |
| Answer» D. any existing company whose shares are listed on a recognized stock exchange. | |
| 196. |
Power to use official seal of the company outside India is to be authorized by. |
| A. | article of association. |
| B. | memorandum of association |
| C. | both memorandum and article of association. |
| D. | central government. |
| Answer» B. memorandum of association | |
| 197. |
Under section 269, every public company and a private company which isa subsidiary of a public company must have a managing director or a whole time director if its paid-up share capital is. |
| A. | rs.1 crore or more. |
| B. | rs.2 crore or more. |
| C. | rs.5 crore or more. |
| D. | rs.10 crore or more. |
| Answer» D. rs.10 crore or more. | |
| 198. |
Prospectus by implication is also known as…. |
| A. | shelf prospectus |
| B. | red herring prospectus |
| C. | abridged prospectus |
| D. | deemed prospectus |
| Answer» E. | |
| 199. |
Which of the following statements are correct about a .NET Assembly? 1.It is the smallest deployable unit. 2.Each assembly has only one entry point - Main(), WinMain() or DLLMain(). 3.An assembly can be a Shared assembly or a Private assembl |
| A. | 2, 4, 5 |
| B. | 1, 2, 3 |
| C. | 1, 2 |
| D. | 1, 3, 5 |
| Answer» C. 1, 2 | |
| 200. |
Which of the following statements are correct about JIT? 1.JIT compiler compiles instructions into machine code at run time. 2.The code compiler by the JIT compiler runs under CLR. 3.The instructions compiled by JIT compilers are written in |
| A. | 2, 4 |
| B. | 1, 2, 3 |
| C. | 1, 2 |
| D. | 3, 4, 5 |
| Answer» C. 1, 2 | |