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-3

Each section contains 100 MCQs on Legal Aspects of Business .

A public company should issue prospectus within

A) 30 days of its incorporation B) 90 days of its incorporation C) 180 days of its incorporation D) one year of its incorporation

Discuss

Answer & Solution

Answer: Option B

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

One of the primary responsibilities of the Company Secretary is to attend the Annual General Meeting of the company. As per the Companies Act, Annual General Meeting and requisitioned Extra ordinary General Meetings are explained U/S . . . . . . . .

A) 150 to 156 B) 159 to 163 C) 166 to 169 D) 173 to 175 E) 183 to 187

Discuss

Answer & Solution

Answer: Option C

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

In national phase under Patent Cooperation Treaty, what should be the duration of term of patent from the international filing date?

A) 16 years B) 20 years C) 12 years D) 25 years

Discuss

Answer & Solution

Answer: Option B

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

Vote of Central Government in GST Council will be on the following weightage?

A) $$\frac{1}{2}$$ B) $$\frac{1}{3}$$ C) $$\frac{2}{3}$$ D) $$\frac{3}{4}$$

Discuss

Answer & Solution

Answer: Option B

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

The directors of a public company are jointly called

A) Management committee B) Statutory committee C) Board of directors D) None of the above

Discuss

Answer & Solution

Answer: Option C

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

Which of the following is the most important document of the company?

A) Memorandum of association B) Article of association C) Prospectus D) Annual report

Discuss

Answer & Solution

Answer: Option A

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

Which of the following is/are a condition(s) of right of stoppage in transit?

A) Goods must be in transit B) Buyer becomes insolvent C) Both A and B D) Neither A nor B

Discuss

Answer & Solution

Answer: Option C

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

Contingent contract to do or not to do anything on the happening of an uncertain future event:

A) is never enforceable B) is enforceable since the time of making it C) becomes enforceable in the immediate possibility of happening of that event D) becomes enforceable only on the happening of that event

Discuss

Answer & Solution

Answer: Option D

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

The doctrine of constructive notice protects the interest of:

A) the company B) the shareholders C) the creditors D) the debtors

Discuss

Answer & Solution

Answer: Option A

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

The term 'Intellectual Property Rights' covers:

A) Copyrights B) Know-how C) Trade dress D) All of the above

Discuss

Answer & Solution

Answer: Option D

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