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

81.
What is the most crucial component of the Competition Act, 2002?

A. Abuse of dominance

B. Anti-competition agreement

C. Combination regulations

D. Competition advocacy

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82.
As per the act, who can file a petition to the Tribunal for winding-up?

A. The Registrar

B. Company

C. Contributory

D. All of these

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83.
Who will notify the rate of tax to be levied under CGST?

A. GST council suo moto

B. Central Government suo moto

C. State Government suo moto

D. Central Government as per the recommendations of the GST council

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84.
An agreement is a voidable contract when it is

A. enforceable

B. enforceable by law at the option of the aggrieved party

C. enforceable by both the parties

D. Not enforceable at all

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85.
A charge created on the stock in trade of a business is:

A. Fixed charge

B. Floating charge

C. Both A and B

D. At a time, it can be only one charge

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86.
A company issues invitation to public to subscribe to its shares and debentures through

A. Memorandum of Association

B. Articles of Association

C. Prospectus

D. Banks

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87.
Which of the following are not included in the term 'goods' defined under section 2(7) of the Sale of Goods Act, 1930?

A. Stock

B. Shares

C. Growing crops

D. Actionable claims

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88.
As per section 205(2A) a company is obliged to transfer at least what amount is accumulations, if the rate of dividend is more than 20% of the paid up capital?

A. 5%

B. 2.5%

C. 10%

D. 7.5%

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89.
Which of the following most appropriately describes the term 'sale' as per Sale of Goods Act, 1930?

A. A contract where by seller transfers the property in goods

B. A contract whereby seller transfers or agrees to transfer the property in goods to the buyer for a price

C. A contract where transfer of the property in goods is to take place at a future time

D. A contract where transfer of the property in goods is to take place subject to some condition thereafter to be fulfilled

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90.
Which of the following is an intellectual property?

A. Patents

B. Copyright

C. Trademarks

D. All of the above

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

81. What is the most crucial component of the Competition Act, 2002?

Answer & Solution

82. As per the act, who can file a petition to the Tribunal for winding-up?

Answer & Solution

83. Who will notify the rate of tax to be levied under CGST?

Answer & Solution

84. An agreement is a voidable contract when it is

Answer & Solution

85. A charge created on the stock in trade of a business is:

Answer & Solution

86. A company issues invitation to public to subscribe to its shares and debentures through

Answer & Solution

87. Which of the following are not included in the term 'goods' defined under section 2(7) of the Sale of Goods Act, 1930?

Answer & Solution

88. As per section 205(2A) a company is obliged to transfer at least what amount is accumulations, if the rate of dividend is more than 20% of the paid up capital?

Answer & Solution

89. Which of the following most appropriately describes the term 'sale' as per Sale of Goods Act, 1930?

Answer & Solution

90. Which of the following is an intellectual property?

Answer & Solution

Read More Section(Legal Aspects of Business)

81.
What is the most crucial component of the Competition Act, 2002?

82.
As per the act, who can file a petition to the Tribunal for winding-up?

83.
Who will notify the rate of tax to be levied under CGST?

84.
An agreement is a voidable contract when it is

85.
A charge created on the stock in trade of a business is:

86.
A company issues invitation to public to subscribe to its shares and debentures through

87.
Which of the following are not included in the term 'goods' defined under section 2(7) of the Sale of Goods Act, 1930?

88.
As per section 205(2A) a company is obliged to transfer at least what amount is accumulations, if the rate of dividend is more than 20% of the paid up capital?

89.
Which of the following most appropriately describes the term 'sale' as per Sale of Goods Act, 1930?

90.
Which of the following is an intellectual property?