Business and Commerce MCQ Questions and Solutions with Explanations | Commerce

A. its membership increases beyond seven

B. its paid-up capital becomes more than Rs. 50 lakhs

C. its directions fail to take up qualifying shares within specified period

D. more than 25% of its paid-up share capital is held by a body corporate

A. Where the controlling interest is in the hands of the government

B. Where the functions are not merely confined to the maximisation of profits

C. Where they are governed by the public or social interests

D. Where all the three exist

A. Created by a special act of Parliament

B. Not as separate legal entity

C. Not managed by a government nominated board of directors

D. Set up under the Companies Act, 1956

A. Haney

B. Kimball and Kimball

C. William R. Bassett

D. F. W. Taylor

A. It files with the Registrar of Companies its Memorandum of Association and Articles of Association

B. It gets incorporation certificate

C. It gets certificate for commencement of business

D. It actually starts its business

A. Those elements in the organisation which provide advice and service

B. That part of managerial work which an executive assigns to someone outside the chain of command

C. That counsel which is different from the function of authority

D. All of the above

A. embargo

B. quota

C. trade restraint

D. import tariff

A. Contributes in the management

B. Invests capital in the firm

C. Does not invest capital and only sells his goodwill

D. Is not known to outsiders as partner

A. By the shipping company

B. By the customs officer

C. Importer

D. Exporter

A. 1 and 2 only

B. 2 and 3 only

C. 2 and 4 only

D. 1, 2 and 3 only