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

61.
If a PIO reasonably severs non-exempted portions of a record from exempted portions, and partially provides information to an applicant, he/she has to:

A. give the name and designation of the person giving the decision

B. reasons for the decision

C. details of fees the applicant may have to pay

D. all of them

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62.
First return filed under GST is

A. GSTR-1

B. GSTR-2

C. GSTR-3A

D. GSTR-3B

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63.
Which of the following is an inter-state supply?

A. Supplier of goods located in Delhi and place of supply of goods to an SEZ located in Delhi

B. Supplier of goods located in Delhi and place of supply of goods in Jaipur

C. Supplier of goods located in Delhi and place of supply of goods is to an SEZ located in Chandigarh

D. All the above

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64.
Under GST law, tax rates are determined by:

A. Central Government

B. State Government

C. GST Council

D. Central Government in consultation with state governments

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65.
The first step to form a Limited Liability Partnership is to:

A. Procuring Digital Signature Certificate (DSC)

B. Reservation of Name

C. Procuring Director Identification Number (DIN)

D. Direct Incorporation of Limited Liability Partnership

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66.
The obligations of public authorities under RTI Act, 2005 includes
1. It shall publish the powers and duties of its officers and employees.
2. It shall publish the norms set by it for the discharge of its functions.
3. It shall not publish the statement of the categories of the documents held by it or under its control.
Choose the correct answer

A. Only 1

B. Both 1 and 2

C. Both 2 and 3

D. All of the above

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67.
When the Articles of Association does not authorise the change in the capital, then in order to alter the capital of a company:

A. Table 'A' should be adopted

B. Articles should be altered

C. Permission of the Registrar of Companies should be obtained

D. Permission of the company Law Board should be obtained

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68.
A patent application is filed on:

A. Form 1

B. Form 2

C. Form 3

D. Form 4

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69.
"Table A" of Schedule-I of Indian Company Act provides the model of

A. Memorandum of Association

B. Articles of Association

C. Share Certificate

D. None of the above

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70.
Statutory meeting of the company must be held within:

A. One month of obtaining the certificate to commence business

B. Three months of obtaining the certificate of incorporation

C. Six months of issuing the prospectus

D. Six months of obtaining the certificate for commencement of business

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

61. If a PIO reasonably severs non-exempted portions of a record from exempted portions, and partially provides information to an applicant, he/she has to:

Answer & Solution

62. First return filed under GST is

Answer & Solution

63. Which of the following is an inter-state supply?

Answer & Solution

64. Under GST law, tax rates are determined by:

Answer & Solution

65. The first step to form a Limited Liability Partnership is to:

Answer & Solution

Answer & Solution

67. When the Articles of Association does not authorise the change in the capital, then in order to alter the capital of a company:

Answer & Solution

68. A patent application is filed on:

Answer & Solution

69. "Table A" of Schedule-I of Indian Company Act provides the model of

Answer & Solution

70. Statutory meeting of the company must be held within:

Answer & Solution

Read More Section(Legal Aspects of Business)

61.
If a PIO reasonably severs non-exempted portions of a record from exempted portions, and partially provides information to an applicant, he/she has to:

62.
First return filed under GST is

63.
Which of the following is an inter-state supply?

64.
Under GST law, tax rates are determined by:

65.
The first step to form a Limited Liability Partnership is to:

67.
When the Articles of Association does not authorise the change in the capital, then in order to alter the capital of a company:

68.
A patent application is filed on:

69.
"Table A" of Schedule-I of Indian Company Act provides the model of

70.
Statutory meeting of the company must be held within: