11
The prospectus, issued in order to test the market before finalising issue size/price is known as
A)
deemed prospectus
B)
shelf prospectus
C)
red herring prospectus
D)
None of the above
Answer & Solution
Answer: Option
C
12
Which of the following statement is correct with regard to the termination of agency in which the agent himself has an interest in the subject matter?
A)
Such an agency can be terminated by the principal at his will
B)
Such an agency can be terminated on the death or insanity of the principal
C)
Such an agency cannot be terminated at all
D)
Such an agency can be terminated only upon an express contract to the said effect
Answer & Solution
Answer: Option
D
A)
Composition scheme
B)
Time of supply
C)
Service tax on imported services
D)
All of the above
Answer & Solution
Answer: Option
C
14
Dividend irrelevance argument of MM Model is based on:
A)
Hedging
B)
Issue of Debentures
C)
Liquidity
D)
Arbitrage
Answer & Solution
Answer: Option
D
15
Directors need not retire in:
A)
Public enterprise
B)
Cooperative enterprise
C)
Public company
D)
Private company
Answer & Solution
Answer: Option
D
16
What is the time limit to get the information concerning the life and liberty of a person?
A)
48 hours
B)
24 hours
C)
5 days
D)
10 days
Answer & Solution
Answer: Option
A
17
Which of the following does NOT come under the definition of 'information' as per the Right to Information Act (RTI Act), 2005?
A)
Logbooks
B)
Data material held in electronic from
C)
File noting
D)
Circular
Answer & Solution
Answer: Option
C
18
How many directors of a public company, unless the articles provide otherwise, must be appointed by the company in general meeting?
A)
All the directors
B)
One-half of the directors
C)
Two-third of the director
D)
Three-fourth of the directors
Answer & Solution
Answer: Option
C
19
In a public limited company the minimum number of directors is:
A)
2
B)
3
C)
7
D)
5
Answer & Solution
Answer: Option
B
20
The appropriate sequence of the formation of a company are in the following order:
A)
Promotion, commencement of business and incorporation
B)
Promotion, incorporation, capital subscription and commencement of business
C)
Capital subscription, promotion, incorporation and commencement of business
D)
Incorporation, capital subscription, commencement of business and promotion
Answer & Solution
Answer: Option
B
