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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-4 section-7

Each section contains 100 MCQs on Legal Aspects of Business .
31
A private company cannot be converted into a public company by:
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Answer & Solution
Answer: Option D
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32
As per the Competition Act, 2002, what is the tenure of the chairman of the CCI?
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Answer & Solution
Answer: Option D
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33
Which of the following are true about an inquiry carried out by an Information Commission?
1. It may examine any record to which the RTI Act, 2005 applies.
2. No such record can be withheld from it (irrespective of any provision of any act passed by the Parliament or the State Legislature).
3. Information commission has the powers of a Civil Court trying a suit under the code of civil procedure.
Choose the correct answer
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Answer & Solution
Answer: Option D
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34
Who elects the board of directors of a public company?
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Answer & Solution
Answer: Option B
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35
A company which acquires all or majority of equity shares of other companies is a:
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Answer & Solution
Answer: Option B
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36
When a company deals in excess of the rights granted by its Memorandum of Association, then it is called
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Answer: Option B
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37
Which term refers to a company in which that other company has a significant influence?
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Answer: Option C
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38
Where a contract consists of reciprocal promises and such reciprocal promises are to be simultaneously performed:
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Answer: Option B
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39
E-records and digital signatures are used to
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Answer: Option D
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40
Ordinary resolution is required for:
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Answer & Solution
Answer: Option A
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