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

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81.
Limited liability partnerships were introduced by which Act of Parliament?

A. Limited Partnership Act, 1907

B. Limited Liability Partnership Act, 2008

C. Partnership Act, 2000

D. Companies Act, 2006

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82.
The basis of quasi-contractual relation is the

A. existence of a valid contract between the parties

B. existence of a voidable contract between the parties

C. prevention of unjust enrichment at the expenses of others

D. provisions contained in Section 10 of the Contract Act

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83.
Under which act, partnership of more than 20 persons for common business would be illegal?

A. Indian Companies Act

B. Indian Partnership Act

C. Indian Contract Act

D. Banking companies regulation act

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84.
At least how many hours before the time of the meeting, a member of a company can appoint, by an instrument in writing a proxy to attend and vote at a meeting in his place?

A. 12 hours

B. 24 hours

C. 48 hours

D. 72 hours

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85.
In which of the following modes, the contract is discharge?

A. By operation of law

B. By lapse of law

C. By breach of contract

D. All of these

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86.
Which of the following taxes will be levied on imports of goods and services?

A. CGST

B. SGST

C. IGST

D. Exempt

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87.
Maximum Managerial Remuneration permissible under the companies Act 1956 for Public Limited Companies:

A. 5% of net Profit

B. 10% of net Profit

C. 11% of net Profit

D. 15% of net Profit

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88.
When President assent was obtained for central GST?

A. 18^th April, 2017

B. 22^nd April, 2017

C. 5^th April, 2017

D. 12^th April, 2017

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89.
What are the taxes levied on an intra-state supply?

A. CGST

B. SGST

C. IGST

D. CGST and IGST

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90.
A person who has been granted a license to issue a Digital Signature Certificate, is

A. controller

B. certifying authority

C. licensed authority

D. director general

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

81. Limited liability partnerships were introduced by which Act of Parliament?

Answer & Solution

82. The basis of quasi-contractual relation is the

Answer & Solution

83. Under which act, partnership of more than 20 persons for common business would be illegal?

Answer & Solution

84. At least how many hours before the time of the meeting, a member of a company can appoint, by an instrument in writing a proxy to attend and vote at a meeting in his place?

Answer & Solution

85. In which of the following modes, the contract is discharge?

Answer & Solution

86. Which of the following taxes will be levied on imports of goods and services?

Answer & Solution

87. Maximum Managerial Remuneration permissible under the companies Act 1956 for Public Limited Companies:

Answer & Solution

88. When President assent was obtained for central GST?

Answer & Solution

89. What are the taxes levied on an intra-state supply?

Answer & Solution

90. A person who has been granted a license to issue a Digital Signature Certificate, is

Answer & Solution

Read More Section(Legal Aspects of Business)

81.
Limited liability partnerships were introduced by which Act of Parliament?

82.
The basis of quasi-contractual relation is the

83.
Under which act, partnership of more than 20 persons for common business would be illegal?

84.
At least how many hours before the time of the meeting, a member of a company can appoint, by an instrument in writing a proxy to attend and vote at a meeting in his place?

85.
In which of the following modes, the contract is discharge?

86.
Which of the following taxes will be levied on imports of goods and services?

87.
Maximum Managerial Remuneration permissible under the companies Act 1956 for Public Limited Companies:

88.
When President assent was obtained for central GST?

89.
What are the taxes levied on an intra-state supply?

90.
A person who has been granted a license to issue a Digital Signature Certificate, is