MCQOPTIONS
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MCQOPTIONS
This section includes 657 Mcqs, each offering curated multiple-choice questions to sharpen your Testing Subject knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
XYZ Company conducted an AGM on 1 st Sept.2007. On that day due to fire accident in the hall. All shareholders died. Will the company will be in existence? |
| A. | Yes |
| B. | No |
| C. | Data Insufficient |
| D. | None |
| Answer» B. No | |
| 2. |
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 | |
| 3. |
Company’s owners are shareholders. So the company property belongs to the share holders. Do you agree with this statement? |
| A. | Yes |
| B. | No |
| C. | Data Insufficient |
| D. | None |
| Answer» C. Data Insufficient | |
| 4. |
The company’s nationality is decided by its.... |
| A. | Shareholders |
| B. | Registered office |
| C. | Place at books of accounts are kept |
| D. | None of the above |
| Answer» C. Place at books of accounts are kept | |
| 5. |
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 | |
| 6. |
Age limit of Directors in case of private company is _________ |
| A. | 65 |
| B. | 70 |
| C. | 75 |
| D. | no limit |
| Answer» E. | |
| 7. |
Minimum no. of Directors in case of private company is _______ |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» C. 3 | |
| 8. |
Minimum no. of Directors in case of a public company is __________ |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» D. 4 | |
| 9. |
Age limit of Directors in case of public company is ______ |
| A. | 65 |
| B. | 70 |
| C. | 75 |
| D. | 80 |
| Answer» B. 70 | |
| 10. |
Minimum paid up share capital in case of a public company is ________ |
| A. | 1 Lakh |
| B. | 3 Lakhs |
| C. | 5 Lakhs |
| D. | 7 Lakhs |
| Answer» D. 7 Lakhs | |
| 11. |
Minimum paid up share capital in case of a private company is _______ |
| A. | 1 Lakh |
| B. | 2 Lakhs |
| C. | 3 Lakhs |
| D. | 4 Lakhs |
| Answer» B. 2 Lakhs | |
| 12. |
Maximum no. of persons in case of partnership banking business ______ |
| A. | 10 |
| B. | 20 |
| C. | 30 |
| D. | 5 |
| Answer» B. 20 | |
| 13. |
Liability of a member in case of a private company is? |
| A. | Limited |
| B. | Unlimited |
| C. | Both (a) or (b) |
| D. | None of the above |
| Answer» D. None of the above | |
| 14. |
If minimum subscription is not received application money should be refunded with in ______days |
| A. | 20 |
| B. | 25 |
| C. | 30 |
| D. | 10 |
| Answer» E. | |
| 15. |
Minimum subscription should be received with in ______days. |
| A. | 120 |
| B. | 125 |
| C. | 130 |
| D. | 135 |
| Answer» B. 125 | |
| 16. |
Maximum no .of members in case of public company is? |
| A. | 0 |
| B. | unlimited |
| C. | 50 |
| D. | 100 |
| Answer» C. 50 | |
| 17. |
How many months did the company can continue its business u/s 45 _______ |
| A. | 1 |
| B. | 2 |
| C. | 5 |
| D. | 6 |
| Answer» E. | |
| 18. |
Maximum no. of members in case of private company is? |
| A. | 50 |
| B. | 100 |
| C. | 150 |
| D. | 200 |
| Answer» B. 100 | |
| 19. |
Minimum number of members in case of private company is? |
| A. | 1 |
| B. | 2 |
| C. | 3 |
| D. | 4 |
| Answer» C. 3 | |
| 20. |
Minimum number of members in case of public company? |
| A. | 1 |
| B. | 2 |
| C. | 5 |
| D. | 7 |
| Answer» E. | |
| 21. |
The term company is defined under which sec of the Act? |
| A. | Sec 3 (1) |
| B. | Sec 4 (2) |
| C. | Sec 2 (4) |
| D. | Sec 1 (3) |
| Answer» B. Sec 4 (2) | |
| 22. |
Property of the company belongs to? |
| A. | Company |
| B. | Share holders |
| C. | Members |
| D. | Promoters |
| Answer» B. Share holders | |
| 23. |
In the process of conversion of a private company into a public company which prospectus must be issued? |
| A. | Deemed prospectus |
| B. | Shelf prospectus |
| C. | Statement in lieu of prospectus |
| D. | None of the above |
| Answer» D. None of the above | |
| 24. |
Company should file a prospectus in case of conversion of private company into a public company with in __________ from the date of resolution. |
| A. | 30 days |
| B. | 45 days |
| C. | 60 days |
| D. | none of these |
| Answer» B. 45 days | |
| 25. |
NCLT came into force instead of company Law Board from? |
| A. | June 4 th |
| B. | May 4 th |
| C. | June 5 th |
| D. | None of these |
| Answer» B. May 4 th | |
| 26. |
For every special resolution passed the form attached should be? |
| A. | Form no.32 |
| B. | Form no.18 |
| C. | Form no.23 |
| D. | None of these |
| Answer» D. None of these | |
| 27. |
Internalional Tennis Federation (ITF) : 2013 Women's Tennis Tournament won ? |
| A. | Sowjanya Bavisetti |
| B. | Shalini Singh |
| C. | sania mahi |
| D. | prema choubey |
| Answer» B. Shalini Singh | |
| 28. |
Public company can allot shares without receiving minimum subscription? Yes or No |
| A. | Yes |
| B. | No |
| C. | Data Insufficient |
| D. | None |
| Answer» C. Data Insufficient | |
| 29. |
Private company can allot shares without receiving minimum subscription? Yes or No |
| A. | Yes |
| B. | No |
| C. | Data Insufficient |
| D. | None |
| Answer» B. No | |
| 30. |
Statutory meeting must be held in case of a private company? Yes or No |
| A. | Yes |
| B. | No |
| C. | Data Insufficient |
| D. | None |
| Answer» C. Data Insufficient | |
| 31. |
Audit of a public company will be counted for the limit of audits |
| A. | Yes |
| B. | No |
| C. | Data Insufficient |
| D. | None |
| Answer» B. No | |
| 32. |
Audit of a private company will not be counted for the limit of audits |
| A. | Yes |
| B. | No |
| C. | Data Insufficient |
| D. | None |
| Answer» C. Data Insufficient | |
| 33. |
Statutory meeting must be held in case of a public company. Yes or No |
| A. | Yes |
| B. | No |
| C. | Data Insufficient |
| D. | None |
| Answer» B. No | |
| 34. |
Every Company needs company secretary. So in the case of sec.25 companies the same is the case. Do you agree with this statement? |
| A. | Agree |
| B. | Disagree |
| C. | Data Insufficient |
| D. | None |
| Answer» C. Data Insufficient | |
| 35. |
Can a Company hold an AGM on public holiday? |
| A. | Yes |
| B. | No |
| C. | and b) are correct |
| D. | None |
| Answer» C. and b) are correct | |
| 36. |
Sec.25 Companies should pay stamp duty for registering MOA and AOA. |
| A. | Yes |
| B. | No |
| C. | Data Insufficient |
| D. | None |
| Answer» C. Data Insufficient | |
| 37. |
Can sec.25 Companies alter their objects clause |
| A. | Yes |
| B. | No |
| C. | Data Insufficient |
| D. | None |
| Answer» C. Data Insufficient | |
| 38. |
Can a partnership firm become a member of Sec.25 companies |
| A. | Yes |
| B. | No |
| C. | Data Insufficient |
| D. | None |
| Answer» B. No | |
| 39. |
X Co. having control on Board of Directors of Y Co. Can we say that Y Co. is subsidiary of X Co. ? |
| A. | Yes |
| B. | No |
| C. | Data Insufficient |
| D. | None |
| Answer» B. No | |
| 40. |
Every Government Company may be a Public Company but every public company need not be Government Company. Do you agree with this statement ? |
| A. | Yes |
| B. | No |
| C. | Data Insufficient |
| D. | None |
| Answer» B. No | |
| 41. |
XYZ Company is a Government Company and X Co. is a subsidiary of XYZ Co. Then X Co. will be |
| A. | Public Company |
| B. | Private Company |
| C. | Government Company |
| D. | None of these |
| Answer» D. None of these | |
| 42. |
XYZ Co, is having 15% share capital held by X Company and 50% held by Central Government and 10% held by State Government and 25% held by other people then that company will be |
| A. | Government Company |
| B. | Private Company |
| C. | Public Company |
| D. | None of these |
| Answer» B. Private Company | |
| 43. |
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 | |
| 44. |
Public Company and Public Sector Company are both the same companies. |
| A. | True |
| B. | False |
| C. | Data Insufficient |
| D. | None |
| Answer» C. Data Insufficient | |
| 45. |
XYZ Co, is having 10% share capital held by another Public Company and 35% held by Central Government and 55% held by people then that Company is |
| A. | Government Company |
| B. | Private Company |
| C. | Public Company |
| D. | None of these |
| Answer» D. None of these | |
| 46. |
Y Pvt.Co. is subsidiary of X Co. which is a public Company. Mentioned Y is a |
| A. | Private Company |
| B. | Public Company |
| C. | Government Company |
| D. | None of these |
| Answer» C. Government Company | |
| 47. |
Maximum paid up capital in case of public company. |
| A. | 50 Lakhs |
| B. | 100 Lakhs |
| C. | 125 Lakhs |
| D. | None of these |
| Answer» E. | |
| 48. |
Invitation to public offering shares or debentures in case of private company is |
| A. | Prohibited |
| B. | Restricted |
| C. | Acceptable |
| D. | None of these |
| Answer» B. Restricted | |
| 49. |
Can private company accept deposits from the public? |
| A. | Yes |
| B. | No |
| C. | Data Insufficient |
| D. | None |
| Answer» C. Data Insufficient | |
| 50. |
Accepting of deposits from public in case of private company is |
| A. | Prohibited |
| B. | Restricted |
| C. | Acceptable |
| D. | None of these |
| Answer» B. Restricted | |