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.
Which of the following as per the Competition Act, 2002, refers to any agreement to limit, restrict or withhold the output or supply of any goods or allocate any area or market for the disposal or sale of the goods?

A. Tie-in-arrangement

B. Exclusive supply agreement

C. Exclusive distribution agreement

D. Refusal to deal

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12.
Time gap between two AGM should not exceed . . . . . . . . months.

A. 12

B. 15

C. 18

D. 21

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13.
Maximum number of members in case of private company.

A. 10

B. 50

C. 70

D. 200

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14.
Incorporation documents shall be filed by LLP with:

A. Tribunal

B. SEBI

C. Registrar

D. Central Government

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15.
Which of the following should can be identified with the trademark law?

A. A trademark shall protect a sign which may be represented graphically and which is capable of distinguishing the goods or services of one undertaking from those of other undertakings

B. Trademarks may protect signs such as words, letters, numerals, abbreviations, graphical representations, etc., provided that they are distinctive, including combinations of all the above indicated signs

C. A seal, a stamp and a hallmark/official marks identifying precious metals, measures, etc. are not considered to be trademarks

D. All of the above

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16.
'Object Clause' of the Memorandum of Association can be altered by

A. Ordinary resolution

B. Special resolution

C. Special resolution and confirmation by Registrar of Companies

D. Special resolution and confirmation by the Company Law Board

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17.
Prospectus issued by a public company limited by shares, when it issues:

A. Bonus shares

B. Right shares

C. Shares to public

D. Shares in conversion of loans and debentures

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18.
National Housing Bank was established in 1987 as wholly owned subsidiary of which of the following?

A. State Bank of India

B. Life Insurance Corporation of India

C. Reserve Bank of India

D. Industrial Finance Corporation of India

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19.
Once there is stoppage of all activities, the registrations are surrendered, the winding up application petition can be filed with the:

A. Registrar of a company

B. Members of the company

C. Ministry of Corporate Affairs

D. Debtors

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20.
Which one of the following is an unincorporated organization?

A. General partnership

B. Limited liability partnership

C. Public limited company

D. Private limited company

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

11. Which of the following as per the Competition Act, 2002, refers to any agreement to limit, restrict or withhold the output or supply of any goods or allocate any area or market for the disposal or sale of the goods?

Answer & Solution

12. Time gap between two AGM should not exceed . . . . . . . . months.

Answer & Solution

13. Maximum number of members in case of private company.

Answer & Solution

14. Incorporation documents shall be filed by LLP with:

Answer & Solution

15. Which of the following should can be identified with the trademark law?

Answer & Solution

16. 'Object Clause' of the Memorandum of Association can be altered by

Answer & Solution

17. Prospectus issued by a public company limited by shares, when it issues:

Answer & Solution

18. National Housing Bank was established in 1987 as wholly owned subsidiary of which of the following?

Answer & Solution

19. Once there is stoppage of all activities, the registrations are surrendered, the winding up application petition can be filed with the:

Answer & Solution

20. Which one of the following is an unincorporated organization?

Answer & Solution

Read More Section(Legal Aspects of Business)

11.
Which of the following as per the Competition Act, 2002, refers to any agreement to limit, restrict or withhold the output or supply of any goods or allocate any area or market for the disposal or sale of the goods?

12.
Time gap between two AGM should not exceed . . . . . . . . months.

13.
Maximum number of members in case of private company.

14.
Incorporation documents shall be filed by LLP with:

15.
Which of the following should can be identified with the trademark law?

16.
'Object Clause' of the Memorandum of Association can be altered by

17.
Prospectus issued by a public company limited by shares, when it issues:

18.
National Housing Bank was established in 1987 as wholly owned subsidiary of which of the following?

19.
Once there is stoppage of all activities, the registrations are surrendered, the winding up application petition can be filed with the:

20.
Which one of the following is an unincorporated organization?