Legal Aspects of Business MCQ Questions and Solutions with Explanations

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7 Section 8 Section 9 Section 10 Section 11

1.
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

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2.
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

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3.
The power of the company to borrow is exercised by its

A. directors

B. members

C. shareholders

D. manager

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4.
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

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5.
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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6.
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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7.
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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8.
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

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9.
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

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10.
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

Answer & Solution Discuss in Board Save for Later

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

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

Answer & Solution

2. 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?

Answer & Solution

3. The power of the company to borrow is exercised by its

Answer & Solution

4. What element does trademark law protects?

Answer & Solution

5. Partner of LLP is personally liable in case of:

Answer & Solution

6. Top level management includes

Answer & Solution

7. The life of joint stock company is affected by

Answer & Solution

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

Answer & Solution

9. The minutes book can be inspected by the

Answer & Solution

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

Answer & Solution

Read More Section(Legal Aspects of Business)

1.
A subsidiary of a government company is also treated as a:

2.
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?

3.
The power of the company to borrow is exercised by its

4.
What element does trademark law protects?

5.
Partner of LLP is personally liable in case of:

6.
Top level management includes

7.
The life of joint stock company is affected by

8.
Which of the following type of tax Goods and Service Tax is

9.
The minutes book can be inspected by the

10.
Which of the following is not a determinant of dividend policy?