Business Law 21

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Objective Questions and Answers of MBA: Business Law 21

Subject: Objective Questions and Answers of MBA: Business Law 21

Part 21: Objective questions and answers of Business Law


Q1. The time gap between two Annual Meeting should not exceed ______________

a) 6 months

b) 12 months

c) 8 months

d) 15 months.


Q2. ______________ is a kind of industrial property which can be purchased

a) Trade mark

b) Collective mark

c) Patent

d) ISI mark


Q3. RBI is an example of ______________ Company

a) Charted

b) Statutory

c) Licensed

d) Registered


Q4. A ______________ is a document but invites the public to subscribe for share and debentures

a) Memorandum

b) Articles

c) Prospectus

d) Certificate


Q5. If a public company limited by shares does not register its own articles ______________ apply

a) Table C

b) Table B

c) Table A

d) Table D


Q6. A Statutory company is one which incorporated by

a) An Act of Parliament

b) By an Act of state legislature

c) Under the companies Act,1956

d) By either a or b.


Q7. A foreigner can become a member of a company registered in India but permission of


b) High Court

c) RBI

d) Supreme court


Q8. ______________ is a manufacturing process

a) Railway running shed

b) Existing films

c) Making of Bidi

d) Mere-storage of salable articles in refrigerator.


Q9. Section 10 provides for the appointment of ______________

a) Inspector

b) Adult

c) Certifying surgeon

d) Adolescent


Q10. ______________ are the true owners of the company.

a) Members

b) Investors

c) Directors

d) Share holders


Q11. For meeting may be adjourned by ______________ circumstances

a) Quorum is not present

b) Lack of information

c) Balance sheet is not present

d) None of the above


Q12. Notice of the registered office of the company shall be given to the registration of companies within ______________

a) 45 days

b) 30 days

c) 15 days

d) 60 days


Q13. Voting in a company meeting can be through

a) Ballot

b) Raising hands

c) Raising votes

d) All of these.


Q14. The winding up of the company can only be done by the process of ______________

a) Dissolution of partnership

b) General meeting

c) Law

d) Management


Q15. The person of group who being a company into existence are called ______________

a) A firm

b) Incorporation

c) Promoters

d) Promotion


Q16. The power to order rectification of register of members vests in the ______________

a) Court

b) Tribunal

c) Central Government

d) Board of directors


Q17. ______________ can be passed by the support of three fourth majorities a share holders who are present and entitle to vote at a meeting.

a) Special resolution

b) Ordinary resolution

c) Both A and B

d) None of these.


Q18. A elected director can be terminated by the

a) Company

b) High Court

c) State Government

d) Central Government


Q19. ______________ is a decision on the proposal

a) Quorum

b) Proxy

c) Motion

d) Resolution


Q20. A proxy can vote only in case of ______________

a) Vote

b) Poll

c) Election

d) None of these.


Part 21: Objective questions and answers of Business Law


Q1. Answer d


Q2. Answer c


Q3. Answer b


Q4. Answer c


Q5. Answer c


Q6. Answer d


Q7. Answer c


Q8. Answer c


Q9. Answer c


Q10. Answer d


Q11. Answer b


Q12. Answer b


Q13. Answer d


Q14. Answer c


Q15. Answer c


Q16. Answer b


Q17. Answer c


Q18. Answer d


Q19. Answer d


Q20. Answer b

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