MCQ on Legal Aspects of Business 5

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Objective Questions and Answers of MBA: MCQ on Legal Aspects of Business 5

Subject: MCQ on Legal Aspects of Business 5

Part 5: List for questions and answers of Legal Aspects of Business

 

Q1.Maximum capital of private company is

a) 50 Lakhs

b) 1 Crore

c) 1.5 Crore

d) Unlimited.

 

Q2.Transfer of shares in case of private company is

a) Prohibited

b) Restricted

c) Freely transferable

d) None of these

 

Q3.Maximum members in case of private company

a) 50

b) 100

c) 75

d) None of these

 

Q4.While calculating maximum limit in case of private company which of the following will not be included

a) Employee + Member

b) Member + Employee

c) Member

d) None of these

 

Q5.Managing director will be counted as _____________ while calculating maximum limit in case of private company

a) Member

b) Employee

c) Shareholder

d) None of these

 

Q6.Where the registrar strikes off the register the name of a company as a defunct one, the court has the power to order restoration of name with in

a) 5 years

b) 7 years

c) 10 years

d) 20 years 

 

Q7.In a private company 49 members are there who were first appointed as a member then joined as an employee 2 members holding 1 share and 15 debenture holders. Did the Company crossed maximum limit?

a) Yes

b) No

 

Q8.Can private company go for public issue?

a) Yes

b) No.

 

Q9.Can private company accept deposits from the public?

a) Yes

b) No

 

Q10.Accepting of deposits from public in case of private company is

a) Prohibited

b) Restricted

c) Acceptable

d) None of these

 

Q11.Invitation to public offering shares or debentures in case of private company

a) Prohibited

b) Restricted

c) Acceptable

d) None of these

 

Q12.Maximum paid up capital in case of public company

a) 50 Lakhs

b) 100 Lakhs

c) 125 Lakhs

d) None of these 

 

Q13.Y Pvt.Co. Is subsidiary of X Co. Which is a public Company? Mention Y is a

a) Private Co

b) Public Co

c) Government Co

d) None of these

 

Q14.Transfer of shares in the case of public company is

a) Prohibited

b) Restricted

c) Freely transferable

d) None of these

 

Q15.Public Company and Public Sector Company both the companies are same

a) True

b) False

 

Q16.XYZ Co, is having 10% share capital held by another Public Company and 35% held by Central Government and 55% held by people then that Company is

a) Government Company

b) Private Company

c) Public Company

d) None of these

 

Q17.XYZ Co, is having 15% share capital held by X Company and 50% held by Central Government and 10% held by State Government and 25% held by other people then that company will be

a) Government Company

b) Private Company

c) Public Company

d) None of these

 

Q18.XYZ Company is a Government Company and X Co. Is a subsidiary of XYZ Co. Then X Co. Will be

a) Public Company

b) Private Company

c) Government Company

d) None of these 

 

Q19.Every Government Company may be a Public Company but every public company need not be Government Company. Do you agree with this statement

a) Yes

b) No

 

Q20.X Co. Having control on Board of Directors of Y Co. Can we say that Y Co. Is subsidiary of X Co

a) Yes

b) No

 

Part 5: List for questions and answers of Legal Aspects of Business

 

Q1. Answer:d

Q2. Answer:b

Q3. Answer:a

Q4. Answer:b

Q5. Answer:a

Q6. Answer:c

Q7. Answer:b

Q8. Answer:b

Q9. Answer:

Q10. Answer:a

Q11. Answer:a

Q12. Answer:d

Q13. Answer:b

Q14. Answer:c

Q15. Answer:b

Q16. Answer:c

Q17. Answer:a

Q18. Answer:c

Q19. Answer:a

Q20. Answer:a