Business Law (MCQs) Set-1

Categories: Education

Q.1. The auditor of government company is appointed by the _____ of India

1. High court
2. Supreme court
3. State legislative
4. Controller and Auditor General.

Answer: (D) Controller and Auditor General.

Q.2. If the company’s Act go beyond the provisions of the Memorandum, its act will be ____

1. Constructive notice
2. Circular
3. Ultra virus
4. None of the above

Answer: (C) Ultra virus

Q.3. Every share holder of a company is also known as _____

1. Member
2. Partner
3. Director
4. All of the above

Answer: (A) Member

Q.4. Articles of association adopt the rules and regulations contained in ____ of schedule I of the companies Act

1. Table C
2. Table D
3. Table A
4. Table B

Answer: (C) Table A

Q.5. A ____ may be defined as a person having aontrol over the affairs, conduct and management of a company.

1. Share holders
2. Director
3. Body Corporate
4. Member

Answer: (B) Director

Q.6. The managing directors hold the ____ shares of the company.

1. Deemed
2. Equity
3. Qualification
4. Preference

Answer: (C) Qualification

Q.7. A meeting of Board of Directors shall be held at least ____

1. One month
2. Once in every 3 months and at least 4 such meetings shall be held every year.
3. Two month
4. 4 months and at least 3 such meetings must be held in every year.

Answer: (B) Once in every 3 months and at least 4 such meetings shall be held every year.

Q.8. When a director voluntarily remains absent from the three consecutive meetings of the Board of Directors, and

1. He become liable to be punished with @Rs.500 for every default
2. He is disqualified for becoming a director of any company
3. His office falls vacant
4. None of the above

Answer: (C) His office falls vacant

Q.9. The first annual general meeting of the company must be held within _____

1. 6 months of incorporation
2. 6 months from the date at which the company’s entitled to start its business
3. 18 months from the date at which the company is entitled to start its business
4. 18 months of incorporation.

Answer: (D) 18 months of incorporation.

Q.10. The chairman of the company has ____ vote

1. 1
2. 3
3. 2
4. None of these.

Answer: (C) 2