Legal Aspects of Business MCQ Questions and Solutions with Explanations

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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-8 section-1

Each section contains 100 MCQs on Legal Aspects of Business .

In any undertaking, the organization is established by the

A) Board of directors B) Middle management C) Lower management D) Top management

Discuss

Answer & Solution

Answer: Option A

No explanation is given for this question. Let's Discuss on Board

Company secretary is the custodian of:

A) Accounting records B) Vouchers C) Stock book register D) Minutes of the meeting register E) Pay roll register

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Constitution Amendment Bill for implementation of GST was . . . . . . . .

A) 101^st B) 100^th C) 121^st D) 122^nd

Discuss

Answer & Solution

Answer: Option D

No explanation is given for this question. Let's Discuss on Board

Which of the following statements is true?

A) ITC of CGST is first utilized for payment of CGST and the balance is utilized for payment of SGST/UTGST B) ITC of SGST is first utilized for payment of SGST and the balance is utilized for payment of CGST C) ITC of CGST is first utilized for payment of CGST and the balance is utilized for payment of IGST D) All of the above

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

A documents which contains the rules and regulations regarding internal management of a company is called

A) Memorandum of association B) Prospectus C) Article of Association D) Incorporation certificate

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Which of the following is the odd one out?

A) Specific goods B) Un-ascertained goods C) Future goods D) Ascertained goods

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

Declaration of Dividend is an important item of the agenda of

A) Statutory Meeting B) Annual General Meeting C) Extraordinary General Meeting D) Joint Meeting of the Shareholders and Debentureholders

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

A sub-bailee is a person to whom the actual possession of goods is transferred by someone

A) Who is not himself not an owner of goods B) Who has a present right to possession of them as bailee of the owner C) Both A and B D) None of the above

Discuss

Answer & Solution

Answer: Option C

No explanation is given for this question. Let's Discuss on Board

The term of copyright for an author lasts how long?

A) The life of the author B) The life of the author plus 60 years C) 95 years D) 75 years

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

If a Minor draw, indorse, deliver and negotiate Negotiable Instruments, it binds:

A) Minor and the drawee B) All the parties except minor C) All the parties including minor D) Minor only

Discuss

Answer & Solution

Answer: Option B

No explanation is given for this question. Let's Discuss on Board

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