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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-6 section-4

Each section contains 100 MCQs on Legal Aspects of Business .
51
The registered office clause of memorandum of association contains:
Discuss
Answer & Solution
Answer: Option A
No explanation is given for this question. Let's Discuss on Board
52
What is the penalty for publishing images of a person's private parts without consent, as per IT Act 2000?
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Answer & Solution
Answer: Option C
No explanation is given for this question. Let's Discuss on Board
53
GST was implemented through 122nd Constitution Amendment Bill in 2016. As a result of constitution amendment for GST a Separate List, which of the following article has been inserted in the constitution?
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Answer & Solution
Answer: Option A
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54
Contracts made after incorporation but before the grant of certificate of commencement of business are known as
1. provisional contracts
2. pre-incorporation contracts
3. preliminary contract
Select the correct answer
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Answer & Solution
Answer: Option C
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55
Goods and Service Tax council referred in which section:
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Answer & Solution
Answer: Option A
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56
Which of the following statements are correct?
1. Dividend payout ratio refers to that portion of total earnings which is distributed among equity shareholders of the company
2. 'Bird in hand' argument is given by Gordon's model
3. MM model suggest that dividend payment is very relevant for value of the firm
4. Walter's Model suggests that dividend payment does not affect the market price of the share
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Answer & Solution
Answer: Option A
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57
Which of the following constitute an important consideration for grant of patent for an invention?
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Answer & Solution
Answer: Option A
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58
The Tax IGST is charged by . . . . . . . . Government.
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Answer & Solution
Answer: Option D
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59
Which of the following statements are true in case of appointment of directors?
1. A company can appoint maximum fifteen directors.
2. A company may appoint more than fifteen directors after passing a special resolution in general meeting.
3. The approval of Central Government is not required in case some enhancement is done in case of directors.
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Answer & Solution
Answer: Option C
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60
Mention the number of methods for winding up of a company?
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Answer & Solution
Answer: Option C
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