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-1 section-3

A subsidiary of a government company is also treated as a:

A) Government Company B) Public Company C) Private Company D) All of the above

Discuss

Answer & Solution

Answer: Option A

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

What as per the Competition Act, 2002, refers to the sale of goods or provision of services, at a price which is below the cost to eliminate the competitors?

A) Prepatory price B) Predatory price C) MRP D) GST price

Discuss

Answer & Solution

Answer: Option B

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

The power of the company to borrow is exercised by its

A) directors B) members C) shareholders D) manager

Discuss

Answer & Solution

Answer: Option A

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

What element does trademark law protects?

A) Only brand names B) Names of specific people and places C) Words, symbols or devices that differentiate goods or services from one another D) Inventions that feature some sort of utility function

Discuss

Answer & Solution

Answer: Option C

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

Partner of LLP is personally liable in case of:

A) liabilities of LLP B) personal liability of another partner C) his own personal inability D) wrongful act or omission of any other partner

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Answer & Solution

Answer: Option C

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Top level management includes

A) Board of directors B) Chairman and Board of directors C) Managing director D) All of the above

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Answer & Solution

Answer: Option D

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The life of joint stock company is affected by

A) Death of member B) Death of director C) Transfer of share by members D) None of the above

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Answer & Solution

Answer: Option D

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Which of the following type of tax Goods and Service Tax is

A) Single point tax B) Multipoint tax C) Regressive tax D) None of these

Discuss

Answer & Solution

Answer: Option B

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The minutes book can be inspected by the

A) shareholders free of charge B) debenture holders on payment C) anyone on payment D) None of the above

Discuss

Answer & Solution

Answer: Option A

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

Which of the following is not a determinant of dividend policy?

A) Legal provisions B) Financial position of share holders C) Business cycle D) Retention policy

Discuss

Answer & Solution

Answer: Option B

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