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. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ can be passed by the support of three fourth majority a share holders who are presentand entitle to vote at a meeting. |
| A. | Special resolution |
| B. | Ordinary resolution |
| C. | Both A and B |
| D. | None of these. |
| Answer» D. None of these. | |
| 2. |
winding up by the order of Tribunal is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Voluntary winding up |
| B. | Compulsory winding up |
| C. | Winding up |
| D. | All the above. |
| Answer» C. Winding up | |
| 3. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a legal person which capable of perpetual succession and common seal |
| A. | Company |
| B. | Firm |
| C. | Voluntary Association |
| D. | Partnership. |
| Answer» B. Firm | |
| 4. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a person who holds the shares for the benefit persons |
| A. | Trustee |
| B. | Member |
| C. | Shareholder |
| D. | Company |
| Answer» B. Member | |
| 5. |
If the company’s Act go beyond the provisions of the Memorandum, its act will be ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Constructive notice |
| B. | Circular |
| C. | Ultra virus |
| D. | None of the above |
| Answer» D. None of the above | |
| 6. |
Mean any premises including precincts thereof |
| A. | Industry |
| B. | Factory |
| C. | Company |
| D. | Workmen |
| Answer» C. Company | |
| 7. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a person who has ultimate control over the affairs of factory |
| A. | Young person |
| B. | Adult |
| C. | Occupier |
| D. | Adolescent |
| Answer» D. Adolescent | |
| 8. |
Anything done under an agreement between the company and third party requires recognition ofthe company in the form of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Contract |
| B. | Agreement |
| C. | Partnership |
| D. | Official seal |
| Answer» E. | |
| 9. |
A public company has been defined in sec.‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 3(1)(iv) |
| B. | 3(1)(i) |
| C. | 3(1)(iii) |
| D. | 3(1)(ii) |
| Answer» B. 3(1)(i) | |
| 10. |
A elected director can be terminated by the |
| A. | Company |
| B. | High Court |
| C. | State Government |
| D. | Central Government |
| Answer» E. | |
| 11. |
Special resolution is passed by majority ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the members voting by show of hands oron poll either in person or by proxy. |
| A. | 1/3 |
| B. | ½ |
| C. | 3 |
| D. | ¾ |
| Answer» E. | |
| 12. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ describes the scope of company activities |
| A. | Memorandum of association |
| B. | Prospectus |
| C. | Articles of Association |
| D. | Documents |
| Answer» B. Prospectus | |
| 13. |
Sec.25 related to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ companies |
| A. | Holding |
| B. | Licensed |
| C. | Subsidiary |
| D. | Existing |
| Answer» C. Subsidiary | |
| 14. |
‐‐‐‐‐‐‐‐‐‐‐‐ is a proposal put before a meeting. |
| A. | Motion |
| B. | Resolution |
| C. | Quorum |
| D. | Proxy |
| Answer» B. Resolution | |
| 15. |
A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ may be defined as a person having aontrol over the affairs, conduct and managementof a company. |
| A. | Share holders |
| B. | Director |
| C. | Body Corporate |
| D. | Member |
| Answer» C. Body Corporate | |
| 16. |
For declaration of dividend no ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ resolution is required |
| A. | Ordinary |
| B. | Special |
| C. | Simple |
| D. | None of the above |
| Answer» C. Simple | |
| 17. |
Corporal refer to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Possession |
| B. | Ownership |
| C. | Building |
| D. | Computer |
| Answer» C. Building | |
| 18. |
Companies limited by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ are not formed for the purpose of profit but for the promotionof art, science, culture, charity, sports, commerce etc. |
| A. | Members |
| B. | Shares |
| C. | Liability |
| D. | Guarantee |
| Answer» E. | |
| 19. |
Official liquidators are appointed from the panel of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Professional firm of Chartered Accountant |
| B. | Advocate |
| C. | Company Secretaries |
| D. | All of the above |
| Answer» E. | |
| 20. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐is the executive authority of the company |
| A. | Partners |
| B. | Shareholders |
| C. | Board of Directors |
| D. | Expert |
| Answer» D. Expert | |
| 21. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the supreme policy framing and decision making organ of a company. |
| A. | Board of directors |
| B. | Share holders |
| C. | Auditor |
| D. | Body corporate |
| Answer» B. Share holders | |
| 22. |
The most clause in the memorandum of Association of a company is‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Name clause |
| B. | Objects clause |
| C. | Registered Office Clause. |
| D. | Liability clause |
| Answer» C. Registered Office Clause. | |
| 23. |
A company is a ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of a person who have come together for a common object whichgenerally is to earn profit |
| A. | Artificial person |
| B. | Voluntary Association |
| C. | Incorporate Association |
| D. | All of these. |
| Answer» E. | |
| 24. |
Articles of Association are not required to be registered in case of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | An unlimited Company |
| B. | A company limited by guarantee |
| C. | A public company limited by shares. |
| D. | A private company limited by shares. |
| Answer» D. A private company limited by shares. | |
| 25. |
Extra ordinary meeting of the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Member |
| B. | Share holders |
| C. | Directors |
| D. | Both A and B |
| Answer» C. Directors | |
| 26. |
Directors are ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of he powers conferred on then and they must exercise those powersbonafide and for the benefit of the company. |
| A. | Trustee |
| B. | Management |
| C. | Representative |
| D. | None of the above |
| Answer» B. Management | |
| 27. |
Voting in a company meeting can be through |
| A. | Ballot |
| B. | Raising hands |
| C. | Raising votes |
| D. | All of these. |
| Answer» E. | |
| 28. |
A copy special resolution has to be filed with the register within ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ days |
| A. | 90 days |
| B. | 30 days |
| C. | 60 days |
| D. | 120 days. |
| Answer» C. 60 days | |
| 29. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the construction of a company |
| A. | Promotion |
| B. | Certificate of incorporation |
| C. | Memorandum |
| D. | Documents |
| Answer» D. Documents | |
| 30. |
The maximum remuneration paid to a manager cannot exceed ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ percent of the annualnet profit |
| A. | 10% |
| B. | 5% |
| C. | 15% |
| D. | 25% |
| Answer» C. 15% | |
| 31. |
In corporal properties are not ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Flexible |
| B. | Apparent |
| C. | Corporal |
| D. | Reachable |
| Answer» C. Corporal | |
| 32. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐is the first state in which assists realized liabilities are paid off and surplus isdistributed |
| A. | Dissolution |
| B. | Winding up |
| C. | Acquisitions |
| D. | All of the above |
| Answer» C. Acquisitions | |
| 33. |
Which of the following documents is submitted by the board of directors at every AGM‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐? |
| A. | Balance sheet |
| B. | Profit and Loss Account |
| C. | Both A and B |
| D. | None of the above |
| Answer» D. None of the above | |
| 34. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ Company may be companies limited by shares companies limited guarantee,unlimited companies. |
| A. | Number of members |
| B. | Liability of members |
| C. | Registered |
| D. | Incorporation |
| Answer» C. Registered | |
| 35. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is compulsory for unlimited companies, private companies limited by guarantee. |
| A. | Memorandum of association |
| B. | Articles of Association |
| C. | Prospectus |
| D. | Statement in lieu |
| Answer» C. Prospectus | |
| 36. |
The time gap between two Annual Meeting should not exceed‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 6 months |
| B. | 12 months |
| C. | 8 months |
| D. | 15 months. |
| Answer» E. | |
| 37. |
Every worker who worked for ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ days entitled to Annual Wages |
| A. | 200 |
| B. | 240 |
| C. | 500 |
| D. | 440 |
| Answer» C. 500 | |
| 38. |
A printed copy articles as altered shall be filed by the company with the register within ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of order of approval from central |
| A. | 3 months |
| B. | 6 months |
| C. | One month |
| D. | 2 month |
| Answer» D. 2 month | |
| 39. |
The order of dissolution can be issued only by the company |
| A. | Tribunal |
| B. | Company Law Board |
| C. | Both A and B |
| D. | None of these. |
| Answer» B. Company Law Board | |
| 40. |
If the Articles of a company conflict with the memorandum. |
| A. | The articles shall prevail |
| B. | The memorandum shall prevail |
| C. | The directors will resolve the conflict |
| D. | The court will resolve the conflict. |
| Answer» C. The directors will resolve the conflict | |
| 41. |
The association that are not registered under sec. II of the companies act is ‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Incorporated Association |
| B. | Illegal Association |
| C. | ]Non Licensed Association |
| D. | Unregistered Association |
| Answer» C. ]Non Licensed Association | |
| 42. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ signed by the required number of persons which are necessary for the formation ofcompany. |
| A. | Memorandum of Association |
| B. | Prospectus |
| C. | Statement in lieu |
| D. | None of the above. |
| Answer» C. Statement in lieu | |
| 43. |
A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a document but invites the public to subscribe for share and debentures |
| A. | Memorandum |
| B. | Articles |
| C. | Prospectus |
| D. | Certificate |
| Answer» D. Certificate | |
| 44. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ guarantees its established quality |
| A. | Patent |
| B. | Goods |
| C. | Trade mark |
| D. | Safety |
| Answer» D. Safety | |
| 45. |
The common seal of the company is the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Official signature of the company |
| B. | Rights of the company |
| C. | General view of the company |
| D. | None of the above. |
| Answer» B. Rights of the company | |
| 46. |
Public company means a company which has a minimum paid up capital of Rs.‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 2,00,000 |
| B. | 3,00,000 |
| C. | 5,00,000 |
| D. | 1,00,000 |
| Answer» D. 1,00,000 | |
| 47. |
Private company means a company which has a minimum paid up capital of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Rs.2,00,000 |
| B. | Rs.5,00,000 |
| C. | Rs.1,00,000 |
| D. | Rs.1,50,000 |
| Answer» D. Rs.1,50,000 | |
| 48. |
Statutory companies are those incorporated under a special act passed by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Companies Act |
| B. | Parliament |
| C. | Special resolution |
| D. | Law |
| Answer» B. Parliament | |
| 49. |
The first important document to be filed with the Registrar is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Articles of Association |
| B. | Prospectus |
| C. | Memorandum of Association |
| D. | None of these. |
| Answer» D. None of these. | |
| 50. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ document contains the rules, regulations and bye‐laws for the internalmanagement of the company |
| A. | Memorandum of Association |
| B. | Article of Association |
| C. | Prospectus |
| D. | Statement in lieu. |
| Answer» C. Prospectus | |