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

81.
Trade mark

A. is represented graphically

B. is capable of distinguishing the goods or services of one person from those of others

C. may include shapes of goods or combination of colours

D. All of the above

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82.
An instrument in writing containing an unconditional order to pay a certain sum, is called

A. promissory note

B. bill of exchange

C. cheque

D. All of these

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83.
If information sought has been supplied by third party or is treated as confidential by that third party, the third party must be given a representation before the PIO in reply to the notice issued to him within . . . . . . . . days from the date of receipt of such notice.

A. 5

B. 15

C. 10

D. 7

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84.
Which of the following statements are true in context of a company under Company Act, 2013?
1. The minimum capitals are necessary, both in case of private and public companies.
2. A public company can be converted into a private company by passing a special resolution.
3. A private company must alter its article by passing a special resolution to convert into public company.

A. 1 and 2

B. 2 and 3

C. 1 and 3

D. 1, 2 and 3

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85.
An agent's authority can be created:

A. only by expressly writing the terms thereof

B. only by implication

C. only by expressly writing the terms thereof and registering the same with sub-registrar

D. either expressly or impliedly

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86.
Which one of the following is a void contract?

A. Unilateral contract

B. A contract which ceases to be enforceable by law

C. Implied contract

D. Express contract

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87.
The director of a company may be:

A. a person

B. a firm

C. a body corporate

D. all of the above

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88.
That personal leverage can replace corporate leverage' is assumed by

A. Traditional Approach

B. MM Model

C. Net Income Approach

D. Net Operating Income Approach

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89.
Which of the subsequent taxes have subsumed in GST?

A. Central excise duty

B. Central sales tax

C. VAT

D. All of these

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90.
Minutes of the meeting of the members of the company are to be confirmed by:

A. Chairman of the same meeting

B. Chairman of the immediate next meeting

C. Chairman of the Board of Directors

D. As per Articles of the Association

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

81. Trade mark

Answer & Solution

82. An instrument in writing containing an unconditional order to pay a certain sum, is called

Answer & Solution

83. If information sought has been supplied by third party or is treated as confidential by that third party, the third party must be given a representation before the PIO in reply to the notice issued to him within . . . . . . . . days from the date of receipt of such notice.

Answer & Solution

Answer & Solution

85. An agent's authority can be created:

Answer & Solution

86. Which one of the following is a void contract?

Answer & Solution

87. The director of a company may be:

Answer & Solution

88. That personal leverage can replace corporate leverage' is assumed by

Answer & Solution

89. Which of the subsequent taxes have subsumed in GST?

Answer & Solution

90. Minutes of the meeting of the members of the company are to be confirmed by:

Answer & Solution

Read More Section(Legal Aspects of Business)

81.
Trade mark

82.
An instrument in writing containing an unconditional order to pay a certain sum, is called

83.
If information sought has been supplied by third party or is treated as confidential by that third party, the third party must be given a representation before the PIO in reply to the notice issued to him within . . . . . . . . days from the date of receipt of such notice.

85.
An agent's authority can be created:

86.
Which one of the following is a void contract?

87.
The director of a company may be:

88.
That personal leverage can replace corporate leverage' is assumed by

89.
Which of the subsequent taxes have subsumed in GST?

90.
Minutes of the meeting of the members of the company are to be confirmed by: