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

A. Discovery of an idea

B. Detailed examination of the proposal

C. Gathering the factors of production

D. All of the above

A. Issuing bonus shares

B. Writing off preliminary expenses

C. Writing off discount on issue of debentures

D. Paying cash dividend to shareholders

A. Where the central government holds 51% or more shares

B. Where the state government holds 51% or more shares

C. Where central and state governments together hold more than 51% of shares

D. Where the central, state & local government hold more than 51% shares putting together

E. Where central, state or local government holds more than 51% shares or is working as a subsidiary to a government company

A. void and is discharged

B. voidable at A's option

C. void, but not discharged

D. voidable at B's option

A. Directors

B. Promoters

C. Auditors

D. Shareholders

A. commercial confidence

B. trade secrets

C. information available to a person in his fiduciary relationship

D. All of the above

A. 1 and 2

B. 2 and 3

C. 1 and 3

D. 1, 2 and 3

A. The first set of promise is a contract, but the second is a void agreement

B. The entire contract is void

C. The entire contract is valid

D. The entire contract is voidable

A. Certifying authority

B. Commissioner

C. Subscriber

D. Controller

A. To direct, supervise and control the activities of the department

B. To sign documents requiring authentication of the company

C. To take loan in the name of the company

D. To make representations on behalf of the company