Business and Commerce MCQ Questions and Solutions with Explanations | Commerce

A. His capital invested in the business

B. The value of his business assets

C. The value of his business assets and his all private assets

D. None of these

A. have a right to transfer their shares freely to any one

B. cannot transfer their shares at all

C. are entitled to transfer their shares within the restrictions imposed by Articles

D. can transfer their shares by obtaining prior permission of the Company Law Board

A. to the customers

B. to the government

C. to the shareholders

D. to all of them

A. Export trade

B. Import trade

C. Internal trade

D. Both A and B

A. Promoters

B. Registrar of Companies

C. Shareholders

D. None of these

A. Foreign Trade

B. Internal Trade

C. Both A and B above

D. Obtaining loan from a financial institution

A. Abuse of dominant position

B. Anti-competitive agreements

C. Medical negligence

D. Predatory pricing

A. Political organisations

B. Integrative organisations

C. Pattern maintenance organisations

D. Commercial organisations

A. From the date of attainment of majority

B. From the date of receipt of profit of the firm

C. From the date on which he chooses to becomes a partner

D. From the date of option being exercised by the guardian

A. A private company is not required to prepare a statutory report

B. Sharing of profit is a prima facie but not conclusive evidence of partnership

C. Maximum number of members in a private company can be 50

D. Minimum number of members in private company is 7