Legal Aspects of Business MCQ Questions and Solutions with Explanations

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-8

Which of the following as per the Competition Act, 2002, refers to any agreement to limit, restrict or withhold the output or supply of any goods or allocate any area or market for the disposal or sale of the goods?

A) Tie-in-arrangement B) Exclusive supply agreement C) Exclusive distribution agreement D) Refusal to deal

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Answer & Solution

Answer: Option C

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Time gap between two AGM should not exceed . . . . . . . . months.

A) 12 B) 15 C) 18 D) 21

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Answer & Solution

Answer: Option B

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Maximum number of members in case of private company.

A) 10 B) 50 C) 70 D) 200

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Answer & Solution

Answer: Option D

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Incorporation documents shall be filed by LLP with:

A) Tribunal B) SEBI C) Registrar D) Central Government

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Answer & Solution

Answer: Option C

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Which of the following should can be identified with the trademark law?

A) A trademark shall protect a sign which may be represented graphically and which is capable of distinguishing the goods or services of one undertaking from those of other undertakings B) Trademarks may protect signs such as words, letters, numerals, abbreviations, graphical representations, etc., provided that they are distinctive, including combinations of all the above indicated signs C) A seal, a stamp and a hallmark/official marks identifying precious metals, measures, etc. are not considered to be trademarks D) All of the above

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Answer & Solution

Answer: Option D

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'Object Clause' of the Memorandum of Association can be altered by

A) Ordinary resolution B) Special resolution C) Special resolution and confirmation by Registrar of Companies D) Special resolution and confirmation by the Company Law Board

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Answer & Solution

Answer: Option D

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Prospectus issued by a public company limited by shares, when it issues:

A) Bonus shares B) Right shares C) Shares to public D) Shares in conversion of loans and debentures

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Answer & Solution

Answer: Option C

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National Housing Bank was established in 1987 as wholly owned subsidiary of which of the following?

A) State Bank of India B) Life Insurance Corporation of India C) Reserve Bank of India D) Industrial Finance Corporation of India

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Answer & Solution

Answer: Option C

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Once there is stoppage of all activities, the registrations are surrendered, the winding up application petition can be filed with the:

A) Registrar of a company B) Members of the company C) Ministry of Corporate Affairs D) Debtors

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Answer & Solution

Answer: Option C

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Which one of the following is an unincorporated organization?

A) General partnership B) Limited liability partnership C) Public limited company D) Private limited company

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Answer & Solution

Answer: Option A

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