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

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-2 section-7

Each section contains 100 MCQs on Legal Aspects of Business .
11
Taxes that are levied on any Intra-State purchase is/are:
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Answer & Solution
Answer: Option B
No explanation is given for this question. Let's Discuss on Board
12
Goods which are used or intended to be used in the course or furtherance of business are:
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Answer & Solution
Answer: Option C
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13
As per the IT Act, what is the maximum penalty for damage to computer, computer systems, unauthorised access, download of data, infecting with virus, denial of access etc.
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Answer & Solution
Answer: Option C
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14
Dividends are calculated on the basis of:
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Answer & Solution
Answer: Option C
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15
If the guarantee company having share capital, the liability of shareholders will be up to:
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Answer & Solution
Answer: Option D
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16
According to Section 165 of Companies Act, 2013, a person can be director in not more than:
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Answer & Solution
Answer: Option C
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17
Which of the following is a right of unpaid seller against buyer?
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Answer & Solution
Answer: Option C
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18
Under the Indian Contract Act, a third person:
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Answer & Solution
Answer: Option A
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19
Which of the following statements are true in context of companies?
1. A fixed charge becomes floating charge when a company goes into liquidation.
2. Only one director can be appointed as a Managing Director.
3. Share can be converted to stock but stock cannot be converted to share.
Discuss
Answer & Solution
Answer: Option A
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20
Competition Act, 2002, bill got presidential assent in
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Answer & Solution
Answer: Option B
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