Business Law (MCQs) Set-3
Categories: EDUCATION
Q.21. Corporal property is _______
- Equable
- Visible
- Tangible
- Flexible
Answer: (C) Tangible
Q.22. The board shall meet at least four time a year, with a maximum times gap of _______ between any two meetings
- 6 months
- 3 months
- 2 months
- 4 months
Answer: (B) 3 months
Q.23. East India Company is an example of _______ Company
- Chartered
- Statutory
- Registered
Answer: (A) Chartered
Q.24. A unique feature of trade mark is its _______
- Corporality
- Perpetual life
- Degeneration
- Industrialism
Answer: (B) Perpetual life
Q.25. The most clause in the memorandum of Association of a company is _______
- Name clause
- Objects clause
- Registered Office Clause.
- Liability clause
Answer: (B) Objects clause
Q.26. The statement in lieu of prospectus must be filed with the Registrar at least _______ days before any allotment of shares is made.
- 15
- 30
- 6
- 3
Answer: (D) 3
Q.27. The exception to the doctrine of constructive notice is provided in _______
- Lifting the corporate veil
- Doctrine of indoor management
- Doctrine of ultra virus
- None of these
Answer: (B) Doctrine of indoor management
Q.28. A company is the creation of ________
- Common seal
- Law
- Share capital
- Members
Answer: (B) Law
Q.29. Minimum ______ persons to constitute a public limited company.
- 7
- 10
- 2
- 5
Answer: (A) 7
Q.30. Statutory companies are those incorporated under a special act passed by ______
- Companies Act
- Parliament
- Special resolution
- Law
Answer: (B) Parliament