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

A. Rs. 5,000 per day

B. Rs. 50,000

C. Rs. 25,000

D. Rs. 1,50,000

A. 12%

B. 20%

C. 28%

D. 18%

A. 1, 2 and 3

B. 2, 3 and 4

C. 1, 2, 3 and 4

D. 1, 2, 3, 4 and 5

A. Both (A) and (R) are correct, but (R) is not the right explanation of (A)

B. (A) is correct, but (R) is incorrect

C. (A) is incorrect, but (R) is correct

D. Both (A) and (R) are correct and (R) is the right explanation of (A)

A. The name of the company and the state in which it is situated

B. The objects for which the company is proposed to be incorporated

C. The rules, regulations and bye-laws for the internal management of the company

D. The liability of the members of the company, whether limited or unlimited

A. Issue, within 30 days, a fresh prospectus to raise the amount by which it fell short during the first attempt

B. Issue a statement in lieu of prospectus, and raise the amount through private sources within a specified period

C. Return with interest the application money to the applicants within a stipulated period

D. Seek permission from the SEBI for reentering the capital market

A. Res ipsa loquitur

B. Res ipsa emptor

C. Caveat emptor

D. Caveat loquitur

A. 6 years, 66 years

B. 5 years, 70 years

C. 5 years, 65 years

D. 5 years, 60 years

A. Sold in Union territory

B. Sold from one GST dealer to another GST dealer

C. Sold within a state

D. There is interstate supply

A. Where the endorser does not write anything on the instrument

B. Where the endorser only signs without writing any name on the instrument

C. Where the endorser writes the name of the person who is directed to pay

D. None of the above