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. |
_________ is issued by any financial constitution or bank for one or more of issues of securities or class of securities specified in the prospectus. |
| A. | A bridged Prospectu |
| B. | Shelf Prospectus |
| C. | Deemed Prospectus |
| D. | Red Herring prospectus |
| Answer» C. Deemed Prospectus | |
| 2. |
Sec ___________ of the companies Act deals with the meaning and provisions related to theshelf prospectus. |
| A. | 50 |
| B. | 4 (1) |
| C. | 2 (2) |
| D. | 60 |
| Answer» E. | |
| 3. |
The procedure for change of registered office from one city to another within the same state isby passing ______ |
| A. | Special resolution only |
| B. | Ordinary resolution only |
| C. | Special resolution and approval of central government |
| D. | Ordinary resolution and approval of company law board |
| Answer» B. Ordinary resolution only | |
| 4. |
Which type of database stores data in two – dimensional tables? |
| A. | Network |
| B. | Hierarchical |
| C. | Table |
| D. | Relational |
| Answer» E. | |
| 5. |
A company is the creation of ____________ |
| A. | Common seal |
| B. | Law |
| C. | Share capital |
| D. | Members |
| Answer» C. Share capital | |
| 6. |
_________ refers to the instrument by which a person is appointed to act for another at ameeting of the company. |
| A. | Proxy |
| B. | Quorum |
| C. | Motion |
| D. | None of the above |
| Answer» B. Quorum | |
| 7. |
The charter of a company is its __________ |
| A. | Articles of Association |
| B. | Prospectus |
| C. | Memorandum of Association |
| D. | Certificate of incorporation |
| Answer» D. Certificate of incorporation | |
| 8. |
The company is dissolved when the Tribunal passes an order of dissolution and the Tribunalshall pass such order _________ |
| A. | When the affairs of the company have been completely wound up |
| B. | Immediately after the winding up order |
| C. | At the instance of central government |
| D. | At the instance of company Law Board. |
| Answer» B. Immediately after the winding up order | |
| 9. |
A Managing Director can be appointed for a maximum period of ___________ |
| A. | 2 year |
| B. | 10 years |
| C. | 3 years |
| D. | 5 years |
| Answer» E. | |
| 10. |
As per Sec. 439 who can file a petition to the Tribunal for winding up ? _____ |
| A. | The Registrar |
| B. | Company |
| C. | Contributory |
| D. | Any one of these |
| Answer» E. | |
| 11. |
_________ is a voluntary association of persons formed to carry on some business for profitor to promote art, Science, education or some charitable purpose. |
| A. | Incorporation |
| B. | Private company |
| C. | Company |
| D. | Public company |
| Answer» D. Public company | |
| 12. |
________ is subordinate to and controlled by the memorandum of association. |
| A. | Prospectu |
| B. | Statement in lieu |
| C. | Articles of Association |
| D. | None of the above |
| Answer» D. None of the above | |
| 13. |
A copy of special resolution has to be filed with the Registrar within ___ days. |
| A. | 90 day |
| B. | 30 days |
| C. | 60 days |
| D. | 120 days |
| Answer» C. 60 days | |
| 14. |
The _________ can help you choose a product |
| A. | Office automation system |
| B. | Management information system |
| C. | Transaction processing |
| D. | decision support system |
| Answer» E. | |
| 15. |
The procedure to write facts about resolution and its decision is called ______ |
| A. | Quorum |
| B. | Notice |
| C. | Minutes of narration |
| D. | None of the above |
| Answer» D. None of the above | |
| 16. |
A proxy can vote only in case of _______ |
| A. | Vote |
| B. | Poll |
| C. | Election |
| D. | None of these |
| Answer» C. Election | |
| 17. |
Where a director acts dishonestly to the interest of the company. He will be held liable for________ |
| A. | Negligence |
| B. | Malafide acts |
| C. | Ultravires acts |
| D. | Breach of fiduciary duty |
| Answer» E. | |
| 18. |
__________ vacancy is caused by resignation, death, insolvency or insanity. |
| A. | Casual |
| B. | General |
| C. | Special |
| D. | None of the above |
| Answer» B. General | |
| 19. |
_________called for dealing with some urgent special business which cannot be postponed tillthe next annual general meeting. |
| A. | Extra ordinary general meeting |
| B. | Ordinary general meeting |
| C. | Class meeting |
| D. | None of the above |
| Answer» B. Ordinary general meeting | |
| 20. |
The winding up of the company can only be done by the process of ___________ |
| A. | dissolution of partnership |
| B. | General meeting |
| C. | Law |
| D. | Management |
| Answer» D. Management | |
| 21. |
A past member can also be placed on the list of contributories of he has ceased to be a memberwithin ____ |
| A. | 3 years before the commencement of the winding up |
| B. | 2 years before the commencement of the winding up |
| C. | 18 months before the commencement of the winding up |
| D. | 12 months before the commencement of the winding up |
| Answer» E. | |
| 22. |
Golden rule was laid down by________________ |
| A. | KINDERSELY VC in New Brun Wick Co. V Maggeride |
| B. | Edington V Fitzmaurice |
| C. | Treeman V Buckhcats |
| D. | Royal British Bank V Turquand |
| Answer» B. Edington V Fitzmaurice | |
| 23. |
Winding up by special resolution passed by the company is _______ |
| A. | Compulsory winding up |
| B. | Winding up |
| C. | Voluntary winding up |
| D. | All the abvoe |
| Answer» D. All the abvoe | |
| 24. |
Articles of Association adopt the rules and regulations contained in _______ of schedule 1 ofthe Companies Act. |
| A. | Table C |
| B. | Table D |
| C. | Table A |
| D. | Table B |
| Answer» D. Table B | |
| 25. |
The term whole time director is defined in Sec.__________ of the Companies Act 1956 |
| A. | 2(25) |
| B. | 2 (24) |
| C. | 3 (25) |
| D. | 3(24) |
| Answer» C. 3 (25) | |
| 26. |
The first goal of executive information system is to provide top executives with immediate and easy access to information about a firm’s______________,that is,key factors that are critical to information about a firm’s that is key factors that are critical to accomplishing an organizations strategic objectives. |
| A. | Critical success factors (CSFs) |
| B. | Critical accomplishing factors (CAFs) |
| C. | Critical executive system (CECs) |
| D. | None of these |
| Answer» B. Critical accomplishing factors (CAFs) | |
| 27. |
striping with parity is also known as RAID____________ |
| A. | 0 |
| B. | 1 |
| C. | 4 |
| D. | 6 |
| Answer» D. 6 | |
| 28. |
The _________ issues the certificate of incorporation. |
| A. | Register |
| B. | Director |
| C. | Court |
| D. | All of the above |
| Answer» B. Director | |
| 29. |
The doctrine of indoor Management has its origin in |
| A. | Saloman V Salona U& Co. Ltd. |
| B. | Ryland V Turquand |
| C. | Royal British Bank V Turquand |
| D. | None of these |
| Answer» D. None of these | |
| 30. |
If the company's Act go beyond the provisions of the memorandum, its act will be _______ |
| A. | Constructive notice |
| B. | Circular |
| C. | Ultra vires |
| D. | None of the above |
| Answer» D. None of the above | |
| 31. |
A foreigner can become a member of a company registered in India but permission of ______ |
| A. | SEBI |
| B. | High court |
| C. | RBI |
| D. | Supreme Court |
| Answer» D. Supreme Court | |
| 32. |
________ company are those which are incorporated by a Royal Charter. |
| A. | Chartered |
| B. | Registered |
| C. | Statutory |
| D. | None of these |
| Answer» B. Registered | |
| 33. |
The other name of indoor management is called _________ |
| A. | Golden rule |
| B. | Constructive notice |
| C. | Indoor rule |
| D. | Tarquand rule |
| Answer» E. | |
| 34. |
The office of a director becomes vacant if he fails to obtain his qualification shares within_____ |
| A. | 30 day |
| B. | 1 month |
| C. | 2 months |
| D. | 3 month |
| Answer» D. 3 month | |
| 35. |
On which of the following dates the Companies Act, 1956 come into force? |
| A. | 31st March 1956 |
| B. | 1st April 1956 |
| C. | 31st March 1957 |
| D. | 1st April 1957 |
| Answer» C. 31st March 1957 | |
| 36. |
____________ is the Supreme policy framing and decision making organ of a company. |
| A. | Board of director |
| B. | Share holders |
| C. | Auditor |
| D. | Body Corporate |
| Answer» B. Share holders | |
| 37. |
Which of the following reports included clauses 49 in the listing agreement |
| A. | Narasimham Committee |
| B. | Kumaramangalam Birla Report |
| C. | L.C. Gupta Report |
| D. | None of the above |
| Answer» C. L.C. Gupta Report | |
| 38. |
Minimum members in the case of partnership doing banking business is __________ |
| A. | 50 |
| B. | 20 |
| C. | 10 |
| D. | 7 |
| Answer» D. 7 | |
| 39. |
Shelf Prospectus means a prospectus issued by ______ |
| A. | Any trading company |
| B. | Any industrial company |
| C. | Any financial institution or bank |
| D. | None of the above |
| Answer» D. None of the above | |
| 40. |
______________ is a shorter version of the prospectus and contains all the salient features of a prospectus that forms a part of the memorandum. |
| A. | Deemed Prospectu |
| B. | Abridged prospectus |
| C. | Red herring prospectus |
| D. | Shelf prospectus |
| Answer» C. Red herring prospectus | |
| 41. |
The human order take cam be bypassed when using a(n) |
| A. | Office automation system |
| B. | Management information |
| C. | transaction processing system |
| D. | decision support system |
| Answer» D. decision support system | |
| 42. |
The code on corporate Governance published in the year ______ |
| A. | 2000 |
| B. | 2004 |
| C. | 2008 |
| D. | 2006 |
| Answer» D. 2006 | |
| 43. |
_________ is the first stage in the formation of a company. |
| A. | Promotion |
| B. | Raising of Capital |
| C. | Incorporation |
| D. | Commencement of business |
| Answer» B. Raising of Capital | |
| 44. |
Batch processing is preffered over on – line transaction processing when |
| A. | Processing efficiency is important |
| B. | The volume of data to be processed is large |
| C. | Only periodic processing is needed |
| D. | A large number of queries are to be processed |
| Answer» E. | |
| 45. |
A computer security protocol for logging in would be an example of the __________________component of an information system. |
| A. | Software |
| B. | Hardware |
| C. | Data |
| D. | Procedure |
| Answer» E. | |
| 46. |
_________ is the first general meeting of the shareholders of a public company. |
| A. | Extra ordinary meeting |
| B. | Class meeting |
| C. | General meeting |
| D. | Statutory meeting |
| Answer» E. | |
| 47. |
_______ is the first state in which assists realised liabilities are paid off and surplus isdistributed. |
| A. | Dissolution |
| B. | Winding up |
| C. | Acquisitions |
| D. | All the above |
| Answer» C. Acquisitions | |
| 48. |
The Whistle Blower policy was recommended by _______- |
| A. | Nomination Committee |
| B. | Narasimha Report |
| C. | Board Committees |
| D. | N.R, Narayana Moorthy |
| Answer» E. | |
| 49. |
A human order taker can be bypassed when using a (n) ____________________ |
| A. | Office automation system |
| B. | Management information system |
| C. | Transaction processing system |
| D. | Decision support system |
| Answer» D. Decision support system | |
| 50. |
_________ contain the rules and regulations of the company. |
| A. | Prospectu |
| B. | Statement in lieu |
| C. | Articles of Association |
| D. | Memorandum of Association |
| Answer» D. Memorandum of Association | |