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.
Which of the following section of sale of goods act deals with right of stoppage in transit?

A. Section 50

B. Section 47

C. Section 48

D. Section 49

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82.
What is the number of days, after giving notice to CCI, an enterprise can enter into a combination, as per the Competition Act, 2002?

A. 60 days

B. 180 days

C. 210 days

D. 240 days

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83.
Minimum number of members in case of public company.

A. 1

B. 2

C. 5

D. 7

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84.
Which documents contains the regulations relating to the internal management of a company?

A. Memorandum of Association

B. Articles of Association

C. Both A and B

D. None

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85.
One among the following is not coming under the rights of a company secretary:

A. Right to control and supervise the working of his department

B. Right to sign a document

C. Right to be indemnified by the company for any loss suffered

D. Right to borrow money on behalf of the company

E. Right to receive remuneration even at the time of winding up of the company as a preferential creditor

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86.
Which of the following is the oldest convention for patent protection?

A. TRIPs

B. Rome convention

C. Berne convention

D. Paris convention

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87.
Who is the Vice Chairperson of GST Council?

A. Union Minister of State in charge of Revenue of Finance

B. Any State Finance Minister

C. Nominated by Govt

D. Selected by the Council from Members

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88.
An unpaid seller has right to retain the goods until price of the goods is paid. This right is called

A. lien

B. stoppage in transit

C. pledge

D. None of the above

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89.
Statement containing details of items to be considered in a meeting is called

A. Resolution

B. Agenda

C. Notice

D. Minutes

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90.
Which one of the following is not the advantage of office manuals?

A. Saving of time of supervisors

B. Improvement of employee morale

C. Management by exception

D. Promotion of team work

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

81. Which of the following section of sale of goods act deals with right of stoppage in transit?

Answer & Solution

82. What is the number of days, after giving notice to CCI, an enterprise can enter into a combination, as per the Competition Act, 2002?

Answer & Solution

83. Minimum number of members in case of public company.

Answer & Solution

84. Which documents contains the regulations relating to the internal management of a company?

Answer & Solution

85. One among the following is not coming under the rights of a company secretary:

Answer & Solution

86. Which of the following is the oldest convention for patent protection?

Answer & Solution

87. Who is the Vice Chairperson of GST Council?

Answer & Solution

88. An unpaid seller has right to retain the goods until price of the goods is paid. This right is called

Answer & Solution

89. Statement containing details of items to be considered in a meeting is called

Answer & Solution

90. Which one of the following is not the advantage of office manuals?

Answer & Solution

Read More Section(Legal Aspects of Business)

81.
Which of the following section of sale of goods act deals with right of stoppage in transit?

82.
What is the number of days, after giving notice to CCI, an enterprise can enter into a combination, as per the Competition Act, 2002?

83.
Minimum number of members in case of public company.

84.
Which documents contains the regulations relating to the internal management of a company?

85.
One among the following is not coming under the rights of a company secretary:

86.
Which of the following is the oldest convention for patent protection?

87.
Who is the Vice Chairperson of GST Council?

88.
An unpaid seller has right to retain the goods until price of the goods is paid. This right is called

89.
Statement containing details of items to be considered in a meeting is called

90.
Which one of the following is not the advantage of office manuals?