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

11.
The prospectus, issued in order to test the market before finalising issue size/price is known as

A. deemed prospectus

B. shelf prospectus

C. red herring prospectus

D. None of the above

Answer & Solution Discuss in Board Save for Later

12.
Which of the following statement is correct with regard to the termination of agency in which the agent himself has an interest in the subject matter?

A. Such an agency can be terminated by the principal at his will

B. Such an agency can be terminated on the death or insanity of the principal

C. Such an agency cannot be terminated at all

D. Such an agency can be terminated only upon an express contract to the said effect

Answer & Solution Discuss in Board Save for Later

13.
IGST deals with:

A. Composition scheme

B. Time of supply

C. Service tax on imported services

D. All of the above

Answer & Solution Discuss in Board Save for Later

14.
Dividend irrelevance argument of MM Model is based on:

A. Hedging

B. Issue of Debentures

C. Liquidity

D. Arbitrage

Answer & Solution Discuss in Board Save for Later

15.
Directors need not retire in:

A. Public enterprise

B. Cooperative enterprise

C. Public company

D. Private company

Answer & Solution Discuss in Board Save for Later

16.
What is the time limit to get the information concerning the life and liberty of a person?

A. 48 hours

B. 24 hours

C. 5 days

D. 10 days

Answer & Solution Discuss in Board Save for Later

17.
Which of the following does NOT come under the definition of 'information' as per the Right to Information Act (RTI Act), 2005?

A. Logbooks

B. Data material held in electronic from

C. File noting

D. Circular

Answer & Solution Discuss in Board Save for Later

18.
How many directors of a public company, unless the articles provide otherwise, must be appointed by the company in general meeting?

A. All the directors

B. One-half of the directors

C. Two-third of the director

D. Three-fourth of the directors

Answer & Solution Discuss in Board Save for Later

19.
In a public limited company the minimum number of directors is:

A. 2

B. 3

C. 7

D. 5

Answer & Solution Discuss in Board Save for Later

20.
The appropriate sequence of the formation of a company are in the following order:

A. Promotion, commencement of business and incorporation

B. Promotion, incorporation, capital subscription and commencement of business

C. Capital subscription, promotion, incorporation and commencement of business

D. Incorporation, capital subscription, commencement of business and promotion

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

11. The prospectus, issued in order to test the market before finalising issue size/price is known as

Answer & Solution

12. Which of the following statement is correct with regard to the termination of agency in which the agent himself has an interest in the subject matter?

Answer & Solution

13. IGST deals with:

Answer & Solution

14. Dividend irrelevance argument of MM Model is based on:

Answer & Solution

15. Directors need not retire in:

Answer & Solution

16. What is the time limit to get the information concerning the life and liberty of a person?

Answer & Solution

17. Which of the following does NOT come under the definition of 'information' as per the Right to Information Act (RTI Act), 2005?

Answer & Solution

18. How many directors of a public company, unless the articles provide otherwise, must be appointed by the company in general meeting?

Answer & Solution

19. In a public limited company the minimum number of directors is:

Answer & Solution

20. The appropriate sequence of the formation of a company are in the following order:

Answer & Solution

Read More Section(Legal Aspects of Business)

11.
The prospectus, issued in order to test the market before finalising issue size/price is known as

12.
Which of the following statement is correct with regard to the termination of agency in which the agent himself has an interest in the subject matter?

13.
IGST deals with:

14.
Dividend irrelevance argument of MM Model is based on:

15.
Directors need not retire in:

16.
What is the time limit to get the information concerning the life and liberty of a person?

17.
Which of the following does NOT come under the definition of 'information' as per the Right to Information Act (RTI Act), 2005?

18.
How many directors of a public company, unless the articles provide otherwise, must be appointed by the company in general meeting?

19.
In a public limited company the minimum number of directors is:

20.
The appropriate sequence of the formation of a company are in the following order: