MCQOPTIONS
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MCQOPTIONS
This section includes 189 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. |
Which one of them is among no industry |
| A. | Agricultural farms |
| B. | A Municipality |
| C. | A college with pharmacy |
| D. | University |
| Answer» E. | |
| 2. |
The objective Employees Compensation Act is: |
| A. | To settle disputes between State government and business firms |
| B. | To provide compensation to corporate bodies |
| C. | To promote peace and harmony between the workers |
| D. | To provide workmen and/or their dependents some relief in case of accidents arising in the course of employment and causing either death or disablement of workmen |
| Answer» E. | |
| 3. |
Section 2(1)(d) of the Employees Compensation Act, 1923 defines dependant as to mean any of the following relatives of a deceased employee : |
| A. | A widow |
| B. | A minor legitimate son |
| C. | An unmarried daughter |
| D. | All of the above |
| Answer» E. | |
| 4. |
An unlooked for mishap or untoward event which is not expected or designed is known as- |
| A. | Personal injury |
| B. | Accident |
| C. | Occupational Disease |
| D. | None of the above |
| Answer» C. Occupational Disease | |
| 5. |
The objective of the Industrial Disputes Act is |
| A. | To prevent illegal strikes |
| B. | To promote measures for securing and preserving good relations between the employers and the employees |
| C. | To provide relief to workmen in matters of lay-offs, retrenchment, wrongful dismissals |
| D. | All of the above |
| Answer» E. | |
| 6. |
Industrial dispute means any dispute or difference between _____ connected with employment or non-employment or the terms of employment or with the connections of labour, of any persons. |
| A. | Employers and employers |
| B. | Employers and workmen |
| C. | Workmen and workmen |
| D. | All of the above |
| Answer» E. | |
| 7. |
A __________ is the weapon used by workmen to force the employer to agree to their demands. |
| A. | Strike |
| B. | Lock-out |
| C. | Lay-off |
| D. | Retrenchment |
| Answer» B. Lock-out | |
| 8. |
The duty of the Works Committee shall be- |
| A. | To promote measures for securing and preserving amity and good relations between the employer and workmen. |
| B. | To comment upon matters of their common interest and concern. |
| C. | Endeavour to compose any material difference of opinion in respect of such matters. |
| D. | All of the above |
| Answer» E. | |
| 9. |
Under Employees Compensation Act, employer shall not be liable to pay compensation in respect of any injury which does not result in the total or partial disablement of the workman for a period exceeding _______days; |
| A. | 3 |
| B. | 5 |
| C. | 7 |
| D. | 2 |
| Answer» B. 5 | |
| 10. |
Under Employees Compensation Act, employer shall not be liable to pay compensation in respect of any injury not resulting in death or permanent total disablement caused by an accident : |
| A. | Under the influence of drink or drugs |
| B. | Due to the willful disobedience of the workman to an order expressly given or to a rule expressly framed for the purpose of securing the safety of workmen |
| C. | Due to the willful removal or disregard by the workman of any safety guard or other device he knew to have been provided for the purpose of securing the safety of workman |
| D. | All the above |
| Answer» E. | |
| 11. |
Employee under Sec, 2 (1) (n) means: |
| A. | A railway servant |
| B. | A seaman |
| C. | Captain of an aircraft |
| D. | All the above |
| Answer» E. | |
| 12. |
An appeal shall lie to the High Court from the following orders of Commissioner: |
| A. | Awarding as compensation a lump-sum |
| B. | Awarding interest or penalty |
| C. | Refusing to allow redemption of half-monthly payment |
| D. | All of the above |
| Answer» E. | |
| 13. |
Lay off is not caused by: |
| A. | Shortage of coal |
| B. | A cessation of work |
| C. | The accumulation of stocks |
| D. | The breakdown of machinery |
| Answer» C. The accumulation of stocks | |
| 14. |
The first enactment dealing with the settlement of industrial dispute was: |
| A. | Trade Disputes Act, 1929 |
| B. | Industrial Disputes Act, 1947 |
| C. | Employers & Workmen s Disputes Act, 1860 |
| D. | None of the above |
| Answer» D. None of the above | |
| 15. |
Industrial dispute means any dispute or difference between__________ connected with employment or non-employment or the terms of employment or with the connections of labour, of any persons. |
| A. | Employers & employees |
| B. | Workmen & workmen |
| C. | employers & workman |
| D. | All the above |
| Answer» E. | |
| 16. |
Section 8 of Employees Compensation Act states that compensation for death and lump sum payment due to a woman or a person under a legal disability must be deposited with |
| A. | The appropriate government. |
| B. | The State Government |
| C. | The Central Govenment |
| D. | The Commissioner |
| Answer» E. | |
| 17. |
A personal injury includes: |
| A. | psychological. |
| B. | physiological. |
| C. | insanity. |
| D. | All of the above. |
| Answer» E. | |
| 18. |
An interim or a final determination of any industrial dispute or of any question relating there to by any Labour Court, Tribunal or National Tribunal is.. . |
| A. | Report |
| B. | Judgement |
| C. | Award |
| D. | None of the above. |
| Answer» D. None of the above. | |
| 19. |
The Labour Court shall consist of _____ person(s). |
| A. | One |
| B. | Two |
| C. | Three |
| D. | Four |
| Answer» B. Two | |
| 20. |
Which was the first enactment that dealt with the settlement of industrial disputes? |
| A. | Employers and Workmen s Disputes Act, 1850 |
| B. | Employers and Workmen s Disputes Act,1860 |
| C. | Trade Disputes Act, 1860 |
| D. | Trade Disputes Act,1929 |
| Answer» C. Trade Disputes Act, 1860 | |
| 21. |
Within how many days should an appeal be filed to the High Court as per the Employee s Compensation Act, 1923? |
| A. | Within 15 days of order being passed |
| B. | Within 20 days of order being passed |
| C. | Within 45 days of order being passed |
| D. | Within 60 days of order being passed |
| Answer» E. | |
| 22. |
Which of the following types of strikes is not called primary strikes ? |
| A. | Stay-in |
| B. | Tool-down |
| C. | Pen-down |
| D. | Go-slow |
| Answer» E. | |
| 23. |
Misuse of company funds is one form of |
| A. | Oppression |
| B. | Mismanagement |
| C. | Violation of official liquidators |
| D. | None of the above |
| Answer» C. Violation of official liquidators | |
| 24. |
______means any engine, motor or other appliance which generates or otherwise provides power. |
| A. | Plant |
| B. | Prime mover |
| C. | Hoist |
| D. | Striking Gear |
| Answer» C. Hoist | |
| 25. |
Anemployer is liable to pay compensation: |
| A. | If personal injury is caused to a workman by accident arising out of and in the course of his employment. |
| B. | If a workman employed in any employment contracts any disease, specified in the Act as an occupational disease peculiar to that employment. |
| C. | If the injury does not result in the total or partial disablement of the workman for a period exceeding three days |
| D. | All of the above |
| Answer» E. | |
| 26. |
Bonds which are sold at a discount from its eventual maturity value and have zero interest rate. |
| A. | Zero coupon bonds |
| B. | Zero Capital |
| C. | Secured coupon Bonds |
| D. | None |
| Answer» B. Zero Capital | |
| 27. |
Provisions for first-aid appliances is under |
| A. | Safety |
| B. | Welfare |
| C. | Health |
| D. | None of the above |
| Answer» C. Health | |
| 28. |
An unlooked for mishap or untoward event which is not expected or designed is known as- |
| A. | Personal injury |
| B. | Accident |
| C. | Occupational Disease |
| D. | None of the above |
| Answer» D. None of the above | |
| 29. |
A borrowing made by a company from a particular bank/financial institution. |
| A. | Secured Borrowing |
| B. | Bilateral borrowing |
| C. | Private borrowing |
| D. | Public borrowing |
| Answer» C. Private borrowing | |
| 30. |
The following persons are liable as contributories: |
| A. | Liability as contributories of past & present member |
| B. | Legal representative in case of a member s death |
| C. | Official assignee or receiver in case of a member s insolvency |
| D. | All of the above |
| Answer» E. | |
| 31. |
The word oppressive means |
| A. | burdensome |
| B. | harsh |
| C. | wrongful |
| D. | all of the above |
| Answer» E. | |
| 32. |
The act is not held oppressive when there is: |
| A. | Mere inefficiency on the management |
| B. | Unreasonable conducts of directors of a private company refusing to register transfer of some shares |
| C. | Majority shareholders of a company engaged in forward contract business |
| D. | Majority of shareholders tries to force an unwilling minority to invest their money in new and risky objects. |
| Answer» B. Unreasonable conducts of directors of a private company refusing to register transfer of some shares | |
| 33. |
The name of which of the following legislations has been recently changed? |
| A. | Workmens CompensationAct |
| B. | Employees State Insurance Act |
| C. | Maternity Benefit Act |
| D. | Payment of Gratuity Act |
| Answer» B. Employees State Insurance Act | |
| 34. |
Dependant" under the Employees Compensation Act means |
| A. | Any of the relatives of the deceased like widow,widower,minor,parent. |
| B. | Any of the work friends |
| C. | Any member of the Board of Directors |
| D. | None of the above |
| Answer» B. Any of the work friends | |
| 35. |
The rules regarding distribution of compensation was provided in __________ of Employees Compensation Act, 1923 |
| A. | Section 6 |
| B. | Section 7 |
| C. | Section 8 |
| D. | Section 9 |
| Answer» D. Section 9 | |
| 36. |
Section 2(1)(d) of the Employees Compensation Act, 1923 defines dependant as to mean any of the following relatives of a deceased employee : |
| A. | A widow |
| B. | A minor legitimate son |
| C. | An unmarried daughter |
| D. | All of the above |
| Answer» B. A minor legitimate son | |
| 37. |
The Employees Compensation Act, 1923 provides compensation for- |
| A. | Death |
| B. | Total Disablement |
| C. | Partial disablement |
| D. | All of the above |
| Answer» D. All of the above | |
| 38. |
The minimum amount of compensation for permanent total disablement according to section 4 (b) of Employees Compensation Act, 1923 was |
| A. | Rs1,10,000/- |
| B. | Rs1,20,000/- |
| C. | Rs1,30,000/- |
| D. | Rs1,40,000/- |
| Answer» E. | |
| 39. |
Statutory Minimum wage is fixed under |
| A. | Payment Wages Act,1936 |
| B. | Equal Remuneration Act, 1976 |
| C. | Minimum Wages Act,1948 |
| D. | Workmen s Compensation Act,1923 |
| Answer» D. Workmen s Compensation Act,1923 | |
| 40. |
A company shall not appoint any person as its managing or whole time director who |
| A. | is an undischarged insolvent or has at any time been adjudged insolvent |
| B. | suspends or has at any time suspended payment to its creditors |
| C. | is or has any time been convicted by a court of an offence involving moral turpitude |
| D. | All of the above |
| Answer» E. | |
| 41. |
An Indian private limited company which has only one founder/promoter is termed as________ |
| A. | Dormant company |
| B. | One Person Company |
| C. | Single Person Company |
| D. | Limited Company |
| Answer» C. Single Person Company | |
| 42. |
Who can be members of a company? |
| A. | Minor |
| B. | Partnership firms |
| C. | Trustees |
| D. | Hindu undivided families |
| Answer» E. | |
| 43. |
The Employees Compensation Act came into force on: |
| A. | 1stJanuary, 1924 |
| B. | 1st July, 1924 |
| C. | 1st August, 1924 |
| D. | 1st December, 1924 |
| Answer» C. 1st August, 1924 | |
| 44. |
Minimum wages Act came into force in India on |
| A. | 11thMarch, 1984 |
| B. | 15thMarch, 1948 |
| C. | 17thMarch, 1948 |
| D. | 27thMarch, 1948 |
| Answer» C. 17thMarch, 1948 | |
| 45. |
The Minimum Wages Act came into force on: |
| A. | 15th March,1948 |
| B. | 15th January,1948 |
| C. | 31st March,1960 |
| D. | 15th March,1960 |
| Answer» B. 15th January,1948 | |
| 46. |
Which of the following statements relating to the Employees Compensation Act is not correct? |
| A. | This Act has a link with the Workmen s Compensation Act |
| B. | This act is the outcome of the amendment that was made to the Workmen s Compensation Act |
| C. | This act does not have any provision relating to temporary disablement of workmen |
| D. | This act has a provision relating to permanent partial disablement |
| Answer» D. This act has a provision relating to permanent partial disablement | |
| 47. |
The maximum daily hours of work in a day with normal wage allowed in factories is |
| A. | 11 hours |
| B. | 9 hours |
| C. | 8 hours |
| D. | 10 hours |
| Answer» C. 8 hours | |
| 48. |
The minimum wages payable under minimum Wages Act shall be paid in |
| A. | Cash |
| B. | Kind |
| C. | Both |
| D. | None |
| Answer» B. Kind | |
| 49. |
The minimum wages fixed under the Minimum Wages Act, 1984 must be revised at least once in |
| A. | 2 years |
| B. | 3 years |
| C. | 5 years |
| D. | 7 years |
| Answer» D. 7 years | |
| 50. |
Maximum no. of members in case of private company as per Companies Act is |
| A. | 50 |
| B. | 100 |
| C. | 150 |
| D. | 200 |
| Answer» B. 100 | |