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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-8

Each section contains 100 MCQs on Legal Aspects of Business .
51
A company can invest money in another company only if it is so authorised by the following:
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Answer & Solution
Answer: Option A
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52
Study the following statements and marks your answer:
The duties of a company secretary at the incorporation stage, among the others, are:
I. To file the application with the Registrar
II. To secure the certificate of incorporation as early as possible
III. To pay to the promoters their remuneration
IV. To keep record
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Answer & Solution
Answer: Option A
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53
The actions of company will be "ultra vires" if they are not permitted by the following:
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Answer & Solution
Answer: Option A
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54
The Minute Books of company's meetings can be examined by:
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Answer & Solution
Answer: Option A
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55
The quorum of general meeting in the case of a public limited company is:
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Answer & Solution
Answer: Option D
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56
The quasi-contractual obligations arise where a person
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Answer & Solution
Answer: Option C
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57
Which of the following statements is correct about Wage Boards in India?
1. A Wage Board is a tripartite body.
2. Labour and management representatives on a Wage Board can be selected from industries other than the one which is investigated.
3. Wage Boards are always statutory in nature.
4. Wage Boards work on the principle of living wage.
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Answer & Solution
Answer: Option A
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58
Termination of right of stoppage takes place when
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Answer: Option D
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59
The functions of Company Secretary are
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Answer: Option D
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60
Which section of RTI Act 2005 deals with obligations of public authorities?
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Answer & Solution
Answer: Option C
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