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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-7

Each section contains 100 MCQs on Legal Aspects of Business .
1
Which of the following is NOT a usual feature of a Company?
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Answer & Solution
Answer: Option C
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2
X owes Rs. 10,000 to Y under a contract. It is agreed between X, Y, and Z that Y shall hence forth accept Z as his debtor instead of X for the same amount. Old debt of X is discharged and a new debt from Z to Y is contracted. This is:
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Answer & Solution
Answer: Option C
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3
What are the limits of number of members in a Private Company?
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Answer & Solution
Answer: Option D
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4
ABC is a government company and B company is a subsidiary of ABC. Then X company will be a:
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Answer & Solution
Answer: Option C
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5
When a party makes material alternations in an instrument, then instrument is
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Answer: Option A
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6
Outsiders dealing with the company in good faith have a right to presume that the company has duly completed all the formalities. This is known as principle of:
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Answer & Solution
Answer: Option B
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7
Which is not true about Input Tax Credit in GST?
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Answer: Option C
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8
How could a Public Information Officer receive applications?
1. Those submitted by a requesters in hand.
2. Those sent by an applicant by email.
3. Transferred by another public authority.
4. Forwarded by an Assistant Public Information Officer.
Choose the correct answer
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Answer: Option D
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9
Prior art includes:
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Answer: Option D
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10
Limited liability partnership is the combination of
1. partnership
2. joint Stock company
3. public and Company
4. private Company
5. conventional partnership
Select the correct answer
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Answer & Solution
Answer: Option C
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