Business Law (MCQs) Set-1
Categories: EDUCATION
Q.1. On a share of Rs.200 of a company a shares holder has already paid Rs.150 . His L9iability is now limited to:
- 200
- 50
- 150
- 0
Answer: (B) 50
Q.2. Doctrine of Ultra virus has reference to ……….. clause
- Object
- Subscription
- Liability
- None of these
Answer: (A) Object
Q.3. …….. are subordinate to and controlled by the memorandum.
- Articles of Association
- Prospectus
- Statement in law
- All of the above
Answer: (A) Articles of Association
Q.4. The idea of carrying on a business is conceived by a person by a group of persons called ………..
- Exploits
- Promoters
- Directors
- None of these
Answer: (B) Promoters
Q.5. The company shall give notice of alteration to the Register within ……… of passing the resolution
- 3 months
- 6 months
- 30 days
- 60 days
Answer: (C) 30 days
Q.6. The association that are not registered under sec. II of the companies act is ………..
- Incorporated Association
- Illegal Association
- Non Licensed Association
- Unregistered Association
Answer: (B) Illegal Association
Q.7. Statutory companies are also known as ……….
- State legislative
- Company
- Corporation
- None of the above
Answer: (C) Corporation
Q.8. ……….. is the construction of a company
- Promotion
- Certificate of incorporation
- Memorandum
- Documents
Answer: (C) Memorandum
Q.9. A public company having a share capital, becomes entitled to commence business only after obtaining a further certificate known as a ………..
- Company formation
- Certificate of incorporation
- Provisional contracts
- Certificate of commence business
Answer: (D) Certificate of commence business
Q.10. ……….. is subordinate to and controlled by the memorandum of association
- Prospectus
- Statement in lieu
- Articles of association
- None of the above
Answer: (C) Articles of association