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

51.
Which one of the following statement is not correct?

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. The maximum number of members in a private company can be 50

D. The minimum number of members in a private company should not be less than 7

Answer & Solution Discuss in Board Save for Later

52.
In most countries, how long does copyright last for:

A. 10 years after the creation of the work

B. 50 years after the creation of the work

C. 10 years after the death of the person who created that work

D. 50 years after the death of the person who created that work

Answer & Solution Discuss in Board Save for Later

53.
A first appeal against the decision of a PIO can be preferred by

A. an applicant

B. a person from within the public authority

C. a person outside the public authority to whom the information pertains

D. All of the above

Answer & Solution Discuss in Board Save for Later

54.
Arrange the steps of incorporation of an LLP in sequence:
1. Application for DPIN
2. Filing of LLP agreement
3. Application for DSC
4. Incorporation of LLP

A. 1, 3, 2, 4

B. 3, 1, 4, 2

C. 2, 1, 3, 4

D. 1, 2, 3, 4

Answer & Solution Discuss in Board Save for Later

55.
Which of the following section of Negotiable Instrument Act defines cheque?

A. Section 4

B. Section 5

C. Section 6

D. Section 7

Answer & Solution Discuss in Board Save for Later

56.
When buyer pays some part of the price of goods to the seller, the seller is called

A. unpaid seller

B. partly paid-up seller

C. short paid seller

D. None of these

Answer & Solution Discuss in Board Save for Later

57.
What is the duration of a trademark registration as defined by Trademarks Act, 1999?

A. 2 years

B. 5 years

C. 10 years

D. Depends on the commercial value of infringement

Answer & Solution Discuss in Board Save for Later

58.
Which combination of the following represents the assumptions of the Walter's dividend model?
I. The company has a very long or perpetual life.
II. All earnings are either reinvested internally or distributed as dividend.
III. There is no floatation cost for the company.
IV. Cost of capital of the company is constant.

A. I, II, III

B. II, III, IV

C. I, II, IV

D. I, III, IV

Answer & Solution Discuss in Board Save for Later

59.
Where in a contract of sale the seller purports to effect the present sale of the future goods, the contract operates as:

A. a contract of sale

B. an agreement to sell the goods

C. a contact of sale or agreement to sell

D. it is not a valid contract

Answer & Solution Discuss in Board Save for Later

60.
After introduction of GST, supplies to SEZ are:

A. Subject to IGST

B. Subject to CGST plus SGST

C. Zero rated

D. SGST plus CGST plus IGST

Answer & Solution Discuss in Board Save for Later

1 2 3 4 5 6 7 8 9 10

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

51. Which one of the following statement is not correct?

Answer & Solution

52. In most countries, how long does copyright last for:

Answer & Solution

53. A first appeal against the decision of a PIO can be preferred by

Answer & Solution

54. Arrange the steps of incorporation of an LLP in sequence: 1. Application for DPIN 2. Filing of LLP agreement 3. Application for DSC 4. Incorporation of LLP

Answer & Solution

55. Which of the following section of Negotiable Instrument Act defines cheque?

Answer & Solution

56. When buyer pays some part of the price of goods to the seller, the seller is called

Answer & Solution

57. What is the duration of a trademark registration as defined by Trademarks Act, 1999?

Answer & Solution

Answer & Solution

59. Where in a contract of sale the seller purports to effect the present sale of the future goods, the contract operates as:

Answer & Solution

60. After introduction of GST, supplies to SEZ are:

Answer & Solution

Read More Section(Legal Aspects of Business)

51.
Which one of the following statement is not correct?

52.
In most countries, how long does copyright last for:

53.
A first appeal against the decision of a PIO can be preferred by

54.
Arrange the steps of incorporation of an LLP in sequence:
1. Application for DPIN
2. Filing of LLP agreement
3. Application for DSC
4. Incorporation of LLP

55.
Which of the following section of Negotiable Instrument Act defines cheque?

56.
When buyer pays some part of the price of goods to the seller, the seller is called

57.
What is the duration of a trademark registration as defined by Trademarks Act, 1999?

59.
Where in a contract of sale the seller purports to effect the present sale of the future goods, the contract operates as:

60.
After introduction of GST, supplies to SEZ are: