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

51.
A company can invest money in another company only if it is so authorised by the following:

A. Memorandum of Association

B. Articles of Association

C. Auditors

D. Secretary

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52.
Study the following statements and marks your answer:
The duties of a company secretary at the incorporation stage, among the others, are:
I. To file the application with the Registrar
II. To secure the certificate of incorporation as early as possible
III. To pay to the promoters their remuneration
IV. To keep record

A. I and IV are correct

B. I and II are correct

C. I and III are correct

D. None of the above

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53.
The actions of company will be "ultra vires" if they are not permitted by the following:

A. Memorandum of Association

B. Prospectus

C. Articles of Association

D. Resolution of the Board of Directors

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54.
The Minute Books of company's meetings can be examined by:

A. Shareholders without paying any fee

B. Debenture holders on payment of fee

C. Any person on payment of fee

D. All the above

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55.
The quorum of general meeting in the case of a public limited company is:

A. 2 members

B. 3 members

C. 4 members

D. 5 members

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56.
The quasi-contractual obligations arise where a person

A. supplies necessaries to an incompetent person

B. makes payment of money or delivery of goods or under coercion

C. Both A and B

D. None of the above

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57.
Which of the following statements is correct about Wage Boards in India?
1. A Wage Board is a tripartite body.
2. Labour and management representatives on a Wage Board can be selected from industries other than the one which is investigated.
3. Wage Boards are always statutory in nature.
4. Wage Boards work on the principle of living wage.

A. 1 only

B. 2 and 3

C. 3 and 4

D. 1, 2, 3 and 4

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58.
Termination of right of stoppage takes place when

A. buyer or his agent obtains delivery

B. when goods are rejected by buyer

C. carrier wrongfully refuses to deliver goods to buyer

D. All of the above

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59.
The functions of Company Secretary are

A. Official

B. Administrative

C. Managerial

D. All of the above

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60.
Which section of RTI Act 2005 deals with obligations of public authorities?

A. Section 6

B. Section 7

C. Section 4(1)

D. Section 8

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

51. A company can invest money in another company only if it is so authorised by the following:

Answer & Solution

Answer & Solution

53. The actions of company will be "ultra vires" if they are not permitted by the following:

Answer & Solution

54. The Minute Books of company's meetings can be examined by:

Answer & Solution

55. The quorum of general meeting in the case of a public limited company is:

Answer & Solution

56. The quasi-contractual obligations arise where a person

Answer & Solution

Answer & Solution

58. Termination of right of stoppage takes place when

Answer & Solution

59. The functions of Company Secretary are

Answer & Solution

60. Which section of RTI Act 2005 deals with obligations of public authorities?

Answer & Solution

Read More Section(Legal Aspects of Business)

51.
A company can invest money in another company only if it is so authorised by the following:

53.
The actions of company will be "ultra vires" if they are not permitted by the following:

54.
The Minute Books of company's meetings can be examined by:

55.
The quorum of general meeting in the case of a public limited company is:

56.
The quasi-contractual obligations arise where a person

58.
Termination of right of stoppage takes place when

59.
The functions of Company Secretary are

60.
Which section of RTI Act 2005 deals with obligations of public authorities?