Legal Aspects of Business MCQ Questions and Solutions with Explanations

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-9 section-7

Which of the following section of sale of goods act deals with right of stoppage in transit?

A) Section 50 B) Section 47 C) Section 48 D) Section 49

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Answer & Solution

Answer: Option A

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What is the number of days, after giving notice to CCI, an enterprise can enter into a combination, as per the Competition Act, 2002?

A) 60 days B) 180 days C) 210 days D) 240 days

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Answer & Solution

Answer: Option C

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Minimum number of members in case of public company.

A) 1 B) 2 C) 5 D) 7

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Answer & Solution

Answer: Option D

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Which documents contains the regulations relating to the internal management of a company?

A) Memorandum of Association B) Articles of Association C) Both A and B D) None

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Answer & Solution

Answer: Option B

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One among the following is not coming under the rights of a company secretary:

A) Right to control and supervise the working of his department B) Right to sign a document C) Right to be indemnified by the company for any loss suffered D) Right to borrow money on behalf of the company E) Right to receive remuneration even at the time of winding up of the company as a preferential creditor

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Answer & Solution

Answer: Option D

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Which of the following is the oldest convention for patent protection?

A) TRIPs B) Rome convention C) Berne convention D) Paris convention

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Answer & Solution

Answer: Option C

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Who is the Vice Chairperson of GST Council?

A) Union Minister of State in charge of Revenue of Finance B) Any State Finance Minister C) Nominated by Govt D) Selected by the Council from Members

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Answer & Solution

Answer: Option A

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An unpaid seller has right to retain the goods until price of the goods is paid. This right is called

A) lien B) stoppage in transit C) pledge D) None of the above

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Answer & Solution

Answer: Option A

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Statement containing details of items to be considered in a meeting is called

A) Resolution B) Agenda C) Notice D) Minutes

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Answer & Solution

Answer: Option B

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Which one of the following is not the advantage of office manuals?

A) Saving of time of supervisors B) Improvement of employee morale C) Management by exception D) Promotion of team work

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Answer & Solution

Answer: Option B

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