Legal Aspects of Business MCQ Questions and Solutions with Explanations

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Legal Aspects of Business MCQ Questions and answers with easy and logical explanations. Commerce provides you all type of quantitative and competitive aptitude mcq questions with easy and logical explanations. Legal Aspects of Business MCQ is important for exams like B.COM, M.COM, BBA, BBM, CA, CS, CMA, CPA, CFA, UPSC, NET, Banking and other commerce department exam. Page-10 section-1

Each section contains 100 MCQs on Legal Aspects of Business .

Rules can be made by appropriate governments or competent authorities by notifying the rules

A) In the official gazette B) By publishing them on the website of the appropriate government C) By publishing them on the websites of Information Commissions-as applicable D) None of the above

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Which of the following will qualify for a copyright?

A) New song tune hummed by a musician B) New song words told to a musician C) New song tune tweaked by a musician D) New song recorded by a musician

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Which of the following is an intra-state supply?

A) Supplier of goods located in Nagpur and place of supply of goods SEZ located in Mumbai B) Supplier of good located in Kolkata and place of supply of goods in Bengaluru C) Supplier of goods located in Goa and place of supply of goods in Goa D) All of the above

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Miller-Orr model is used in the management of

A) Inventory B) Leverage C) Receivables D) Cash

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Compensation to states under GST (Compensation to States) Act, 2017 is paid by:

A) Central Government from consolidated fund of India B) Central Government from GST compensation fund of India C) Central Government directly from the collection of compensation cess D) GST Council under Constitution of India

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

An agreement created by words spoken or written, is called:

A) Express agreement B) Execute agreement C) Implied agreement D) Voidable agreement

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Which section of the Trademarks Act, illustrates refusal of trademark registration?

A) Section 8 B) Section 9 C) Section 10 D) Section 11

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

Publickey is used to

A) Sign digitally B) Verify the sign C) Verify the documents D) Nake payment

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

The judgement in the case of Foss Vs. Harbottle lays down the following principle:

A) Doctrine of Constructive Notice B) Rule of Majority C) Doctrine of Indoor Management D) Doctrine of Ultra Vires

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

100

Which of the following statements are true in context of a company under Company Act, 2013?
1. A company can become a member of another company
2. Member's voluntary winding up takes place when the company is insolvent
3. Only board of director can convene Extraordinary General Meeting

A) 1 and 2 B) 2 and 3 C) 1 and 3 D) 1, 2 and 3

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

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Legal Aspects of Business MCQ Questions and Solutions with Explanations | Commerce