Business Law (MCQs) Set-2

Categories: EDUCATION

Q.11. The doctrine of indoor Management has its own origin in

  1. Salmon V Salona U&Co.Ltd.
  2. Ryland V Turquand
  3. Royal British Bank V Turquand
  4. None of these

 

Answer: (C) Royal British Bank V Turquand

 

Q.12. ____ is the supreme policy framing and decision making organ of a company.

  1. Board of directors
  2. Share holders
  3. Auditor
  4. Body corporate

 

Answer: (A) Board of directors

 

Q.13. A person cannot hold directorship of more than ____ companies at a time

  1. 15
  2. 50
  3. 25
  4. 10

 

Answer: (A) 15

 

Q.14. Minimum number of directors in private company is ______

  1. 3
  2. 2
  3. 4
  4. 1

 

Answer: (B) 2

 

Q.15. The appointment of every director is to be made by an ______ at the general meeting

  1. Ordinary resolution
  2. Special resolution
  3. Single resolution
  4. None of the above

 

Answer: (A) Ordinary resolution

 

Q.16. Statutory meeting held within a period of ______

  1. 90 days from the date at which the company is entitled to start its business
  2. 6 months from the date of incorporation
  3. Not less one month & not more than 6 month which the company is entitled to start its business
  4. 18 months from the date of incorporation

 

Answer: (C) Not less one month & not more than 6 month which the company is entitled to start its business

 

Q.17. ______ means the list of business or thing to be done at the meeting

  1. Quorum
  2. Register
  3. Minutes
  4. Agenda

 

Answer: (D) Agenda

 

Q.18. Special resolution is passed by majority _______ of the members voting by show of hands or on poll either in person or by proxy.

  1. 1/3
  2. ½
  3. 3
  4. ¾

 

Answer: (D) ¾

 

Q.19. A past member can also be placed on the list of contributories of he has ceased to be a member within ______

  1. 3 years before the commencement of the winding up
  2. 2 years before the commencement of the winding up
  3. 18 months before the commencement of the winding up
  4. 12 months before the commencement of the winding up

 

Answer: (D) 12 months before the commencement of the winding up

 

Q.20. A person who completed 15th year and below 18 year

  1. Audit
  2. Adolescent
  3. Minor
  4. Young person

 

Answer: (B) Adolescent

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