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

Home / Commerce / Legal Aspects Of Business

Section 1 Section 2 Section 3 Section 4 Section 5 Section 6 Section 7 Section 8 Section 9 Section 10 Section 11

41.
An unpaid seller may have right(s) against
1. goods
2. buyer
3. government
Which of the following option is true?

A. Only 1

B. Only 2

C. Both 1 and 2

D. All of the above

Answer & Solution Discuss in Board Save for Later

42.
The limit of investment in plant and machinery to be classified as a small-scale industry is

A. Rs. 35 lakhs

B. Rs. 5 crores

C. Rs. 70 lakhs

D. None of these

Answer & Solution Discuss in Board Save for Later

43.
Under the RTI Act, the grounds for a complaint could be
1. being asked to pay an unreasonable amount of fee.
2. being given incomplete or false information.
3. any matter relating to requesting or obtaining access to records.
Select the correct answers

A. Only 3

B. Both 1 and 3

C. Both 2 and 3

D. All of the above

Answer & Solution Discuss in Board Save for Later

44.
In case of a Limited Liability Partnership, partners are agents of:

A. Limited Liability Partnership

B. Other Partners

C. Both A and B

D. Registrar

Answer & Solution Discuss in Board Save for Later

45.
Under GST, 'value addition' refers to:

A. Expenses 'plus' profit

B. Cost plus tax

C. Cost plus tax plus profit

D. Tax plus profit

Answer & Solution Discuss in Board Save for Later

46.
Invention means

A. new product having inventive step and capable industrial application

B. new process

C. new product or process having inventive step and capable industrial application

D. None of the above

Answer & Solution Discuss in Board Save for Later

47.
According to Section 80 of Companies Act 1956, a company can not redeem its Preference Shares out of:

A. Revenue Profits

B. Net proceeds of fresh issue

C. Partly out of Revenue profits and partly out of net proceeds of fresh issue

D. Out of sale proceeds of fixed assets

Answer & Solution Discuss in Board Save for Later

48.
The documents which describes the rules and regulations for internal management of a company is known as

A. Prospectus

B. Legislative

C. Article of Association

D. Certificate of incorporation of business

Answer & Solution Discuss in Board Save for Later

49.
Zero rated supply includes supplies made:

A. By SEZ unit in India

B. To SEZ unit in India

C. Both A and B above

D. None of the above

Answer & Solution Discuss in Board Save for Later

50.
If a company develops a new technology that improves its main product, what type of intellectual property can they use to stop others from copying their invention?

A. Copyright

B. Geographical indications

C. Patents

D. Trademarks

Answer & Solution Discuss in Board Save for Later

1 2 3 4 5 6 7 8 9 10

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

41. An unpaid seller may have right(s) against 1. goods 2. buyer 3. government Which of the following option is true?

Answer & Solution

42. The limit of investment in plant and machinery to be classified as a small-scale industry is

Answer & Solution

43. Under the RTI Act, the grounds for a complaint could be 1. being asked to pay an unreasonable amount of fee. 2. being given incomplete or false information. 3. any matter relating to requesting or obtaining access to records. Select the correct answers

Answer & Solution

44. In case of a Limited Liability Partnership, partners are agents of:

Answer & Solution

45. Under GST, 'value addition' refers to:

Answer & Solution

46. Invention means

Answer & Solution

47. According to Section 80 of Companies Act 1956, a company can not redeem its Preference Shares out of:

Answer & Solution

48. The documents which describes the rules and regulations for internal management of a company is known as

Answer & Solution

49. Zero rated supply includes supplies made:

Answer & Solution

50. If a company develops a new technology that improves its main product, what type of intellectual property can they use to stop others from copying their invention?

Answer & Solution

Read More Section(Legal Aspects of Business)

41.
An unpaid seller may have right(s) against
1. goods
2. buyer
3. government
Which of the following option is true?

42.
The limit of investment in plant and machinery to be classified as a small-scale industry is

43.
Under the RTI Act, the grounds for a complaint could be
1. being asked to pay an unreasonable amount of fee.
2. being given incomplete or false information.
3. any matter relating to requesting or obtaining access to records.
Select the correct answers

44.
In case of a Limited Liability Partnership, partners are agents of:

45.
Under GST, 'value addition' refers to:

46.
Invention means

47.
According to Section 80 of Companies Act 1956, a company can not redeem its Preference Shares out of:

48.
The documents which describes the rules and regulations for internal management of a company is known as

49.
Zero rated supply includes supplies made:

50.
If a company develops a new technology that improves its main product, what type of intellectual property can they use to stop others from copying their invention?