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

91.
An act, legal in itself, but not authorized by the object clause of the Memorandum of Association of a company or statute, is:

A. ultra Vires the company

B. within Articles of Association

C. within Memorandum of Association

D. all of the above

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92.
A Company Secretary is:

A. A shareholder of the company

B. A debenture holder of the company

C. An employee of the company

D. A customer of the company

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93.
When a contract is breached, the party who suffers such breach shall:

A. be indemnified for the loss or damage caused to him

B. receive compensation for any loss or damage caused to him

C. be remunerated for the loss or damage caused to him

D. not have any right under this act

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94.
RTI Act 2005 came into force on:

A. 12^th October 2005

B. 15^th August 2005

C. 15^th June 2005

D. 1^st November 2005

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95.
What is the responsibility of the finder of goods?

A. Same responsibility as a bailee

B. Same responsibility as a trustee

C. Same responsibility as a pledgee

D. Same responsibility as the owner

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96.
Table 'A' of the Companies Act. gives model of:

A. Balance sheet

B. Memorandum of Association

C. Articles of Association

D. Profit and Loss A/c

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97.
XYZ company is a government company and X company is a subsidiary of XYZ company. Then X company will be

A. public company

B. private company

C. government company

D. one person company

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98.
A employs B to beat C and agree to indemnify him against all consequence of the act. B thereupon beats C and to pay damages to C for so doing.

A. A is liable to indemnify B for those damages

B. A is partially liable to indemnify B for those damages

C. A is not liable to indemnify B for those damages

D. None of the above

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99.
The tax which was not merged into GST is:

A. Countervailing Duty

B. Excise duty

C. Basic Customs Duty

D. Purchase tax

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100.
One of the following statement is wrong under the permission granted to the company secretary by general resolution:

A. Private tutorship

B. Holding of LIC agency license

C. Holding of public elective officers as MP & MLA etc

D. Valuation of papers, acting as paper setter & head examiner etc

E. Editorship of journals other than professional journals

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

91. An act, legal in itself, but not authorized by the object clause of the Memorandum of Association of a company or statute, is:

Answer & Solution

92. A Company Secretary is:

Answer & Solution

93. When a contract is breached, the party who suffers such breach shall:

Answer & Solution

94. RTI Act 2005 came into force on:

Answer & Solution

95. What is the responsibility of the finder of goods?

Answer & Solution

96. Table 'A' of the Companies Act. gives model of:

Answer & Solution

97. XYZ company is a government company and X company is a subsidiary of XYZ company. Then X company will be

Answer & Solution

98. A employs B to beat C and agree to indemnify him against all consequence of the act. B thereupon beats C and to pay damages to C for so doing.

Answer & Solution

99. The tax which was not merged into GST is:

Answer & Solution

100. One of the following statement is wrong under the permission granted to the company secretary by general resolution:

Answer & Solution

Read More Section(Legal Aspects of Business)

91.
An act, legal in itself, but not authorized by the object clause of the Memorandum of Association of a company or statute, is:

92.
A Company Secretary is:

93.
When a contract is breached, the party who suffers such breach shall:

94.
RTI Act 2005 came into force on:

95.
What is the responsibility of the finder of goods?

96.
Table 'A' of the Companies Act. gives model of:

97.
XYZ company is a government company and X company is a subsidiary of XYZ company. Then X company will be

98.
A employs B to beat C and agree to indemnify him against all consequence of the act. B thereupon beats C and to pay damages to C for so doing.

99.
The tax which was not merged into GST is:

100.
One of the following statement is wrong under the permission granted to the company secretary by general resolution: