MCQ on Legal Aspects of Business 3

COEP
Lets Crack Online Exam

Objective Questions and Answers of MBA: MCQ on Legal Aspects of Business 3

Subject: MCQ on Legal Aspects of Business 3

Part 3: List for questions and answers of Legal Aspects of Business

 

Q1.The liability of members if company is limited by shares

a) Unpaid value of shares

b) Guarantee amount

c) Unlimited liability

d) None of the above

 

Q2.XYZ Company conducted an AGM on 1 st Sept.2007. On that day due to fire accident in the hall All shareholders died. Will the company will be in existence

a) Yes

b) No

 

Q3.Company’s owners are shareholders. So the company property belongs to the share holders. Do you agree with this statement?

a) Yes

b) No

 

Q4.Company will have fundamental rights

a) True

b) False

 

Q5.XYZ Company shares are totally held by government. The company will be government

a) True

b) False

 

Q6.If the company failed to refund application money with in 130 days from the date of issue of prospectus on non receipt of minimum subscription who will be personally liable

a) Company

b) Directors

c) Shareholders

d) None of these 

 

Q7.Transfer of shares in the company is

a) Restricted

b) Freely transferable

c) Prohibited

d) None of these

 

Q8.Transfer of shares in the partnership firm is

a) Restricted

b) Freely transferable

c) Prohibited

d) None of these

 

Q9.Generally Company liability is

a) Limited

b) Unlimited

c) Situation does not arise

 

Q10.Generally partnership firm liability is

a) Limited

b) Unlimited

c) Situation does not arise

 

Q11.Can the partners enter into the contract with the firm?

a) Yes

b) No

 

Q12.Partners are of the firm

a) Owners

b) Employers

c) Agents

d) None of these 

 

Q13.XYZ private company had reduced to a single member and continued business more  than 6 months The company’s liability will be

a) Limited

b) Unlimited

c) None of the above

d) NA

 

Q14.In the case of partnership firm. Audit is

a) Compulsory

b) Optional

c) None of the above

 

Q15.In the case of Company. Audit is

a) Compulsory

b) Optional

c) None of the above

 

Q16. X Company is holding majority of shares in Y company. Will X and Y companies will be the same

a) Yes

b) No

 

Q17.X, is a director of X Company and X is also a director of Y Company this means X Co. And Y Co both are same

a) True

b) False

 

Q18.Members of a company can enter contract with the company

a) True

b) False

 

Q19.Generally rights and obligations of the company are regulated in

a) A.O.A

b) M.O.A

c) Partnership deed

d) None of these

 

Q20.Generally rights and obligations of the Partnership firm are regulated in

a) A.O.A

b) M.O.A

c) Partnership deed

d) None of these

 

Part 3: List for questions and answers of Legal Aspects of Business

 

Q1. Answer:a

Q2. Answer:a

Q3. Answer:b

Q4. Answer:b

Q5. Answer:b

Q6. Answer:b

Q7. Answer:b

Q8. Answer:a

Q9. Answer:a

Q10. Answer:b

Q11. Answer:b

Q12. Answer:c

Q13. Answer:b

Q14. Answer:b

Q15. Answer:a

Q16. Answer:b

Q17. Answer:b

Q18. Answer:a

Q19. Answer:b

Q20. Answer:c