Business Law (MCQs) Set-4
Categories: Education
Q.1. _____ Acts as the official signature of the company.
- Registration
- Special resolution
- Legal entity
- Common seal
Answer: (D) Common seal
Q.2. In case of a company limited by guarantee, the liability of the members can be enforced
- Only at the time of winding up of the company
- At any time when the company so decide
- Only by an order of court
- Only by an order of Registrar of companies
Answer: (A) Only at the time of winding up of the company
Q.3. _____ describes the scope of company activities
- Memorandum of association
- Prospectus
- Articles of Association
- Documents
Answer: (A) Memorandum of association
Q.4. _____ signed by the required number of persons which are necessary for the formation of company.
- Memorandum of Association
- Prospectus
- Statement in lieu
- None of the above.
Answer: (B) Prospectus
Q.5. Registered Office clause of memorandum of Association contain _____
- The complete postal address
- The name of Registrar of companies
- The name of City/ Town only and not that of the state
- The name of the state in which registered office of the company is to situate
Answer: (D) The name of the state in which registered office of the company is to situate
Q.6. ____ lays down the objects and powers of the company.
- Memorandum of Association
- Articles of Association
- Prospectus
- Statement in lieu
Answer: (A) Memorandum of Association
Q.7. Offers may be invited from the public by issuing a document known as _____
- Prospectus
- Notice
- Circular
- All of the above
Answer: (A) Prospectus
Q.8. The office of a director becomes vacant if he fails to obtain his qualification shares within _____
- 30 days
- 1 month
- 2 months
- 3 month
Answer: (C) 2 months
Q.9. ____ Member of directors need to retire every year
- 2/3
- 2
- ¼
- 1/3
Answer: (D) 1/3
Q.10. Minimum number of directors in public company is ______
- 3
- 2
- 4
- 1
Answer: (A) 3