TY B.COM
SEMESTER - 6
BUSINESS LAW - II
MCQS - 2019
(A) Soloman V. Solomon and Co. Ltd.
(B) Ashbury Raiway carriage and Iron Ltd.
(C) Royal British Bank V. Turquand
(D) Headly V. Baxendale
(2) Which of the following are characteristics of a company?
I. Artificial Person
II. Limited Liability
III. Separate property
(A) l and II Only
(B) l, II and III
(C) ll and III Only
(D) land llI Only
(3) "Small Company" means a Company, other than a public company-
(A) the paid up capital of which does not exceed fifty lakh rupees AND turnover of which as per its last profit and loss account doesnot exceed two crore rupees.
(B) the paid up capital of which does not exceed fifty lakh rupees OR turnover of which as per its last profit and loss account doesnot exceed two crore rupees.
(C) The paid up capital of which does not exceed two lakh rupees OR tumover of which as per its last profit and loss account doesnot exceed one crore rupees.
(D) the paid up capital of which does not exceed two lakh rupees AND turnover of which as per its last profit and loss account doesnot exceed one crore rupees.
(4) "Dormant Company" means a Company which has been formed and registered under the Companies Act 2013
I. for a future project or hold an asset or intellectual property,
II. has no significant accounting transaction, and
III. has not filed financial statements or annual returns for six financial years consecutively.
find out the incorrect one
(A) I
(B) II
(C) I & II
(D) III
(5) Corporate Veil can be lifted under statutory provisions, they are
I. Mis statement in Prospectus.
II. Failure to return application money.
III. Misdescription of Name.
(A) l, II & III
(B) l and III
(C) lI and III
(D) Only II
(6) The notice of the exact address of the registered office shall be given to the Registrar of Companies, within _______ days from the date of incorporation.
(A) 10
(B) 15
(C) 30
(D) 21
(7) Doctrine of Ultra Vires was invoked in
(A) Solomon V. Solomon and Company Ltd.
(B) Royal British Bank V. Turquand
(C) Ashbury Railway Carriage and Iron Co. V. Riche
(D) Headly V. Baxendal
(8) Confirmation of the _______ is to be obtained where the change is from jurisdiction of one Registrar of Companies to the jurisdiction of another Registrar of Companies.
[Within same State the City, Town or Village of Registered Office of the company is being changed]
(A) Managing Director
(B) President of India
(C) Chief Minister of the State
(D) Regional Director
(9) The company may change its name with in a period of _______ months from the issue of direction by the Central Govemment.
(A) Three
(B) Four
(C) Five
(D) Six
(10) The Company must give _______ notice to all members, legal representatives of deceased member, the assignee of an insolvent member, the auditor/s of the company and every director of the company of the Annual General Meeting. (AGM)
(A) 30 days
(B) 30 clear days
(C) 21 days
(D) 21 clear days
(11) Every AGM shall be called during business hour, that is, between
(A) 09:00 a.m. and 06:00 p.m
(B) 06:00 a.m. and 09:00 a.m.
(C)09:00 am. and 09:00 p.m.
(D) 06:00 a.m and 06:00 p.m.
(12) If the Board of Directors doesnot or fails to call the meeting within 21 days fixing the date of meeing within 45 days of the deposit of a valid requisition, the meeting may be called by the requisitionists within _______ months of the date of the deposit of the requisition.
(A) Three
(B) Four
(C) Five
(D) Six
(13) Unless the articles of the company provide for a larger number, - in case of a public company _______ members personally present if the number of members as on the date of meeting is more than one thousand but up to five thousand, is quorum for general meeting.
(A) 05
(B) 15
(C) 20
(D) 10
(14) Every Company Shall hold the first meeting of the Board of Directors within _______ days of incorporation.
(A) 60
(B) 90
(C) 30
(D) 45
(15) XYZ Infotech Ltd. was incorporated on 25 th February 2019, it must held it's first AGM before _______
(A) 31-12-2019
(B) 31-12-2020
(C) 30-09-2019
(D) 30-09-2020
(16) There must be atleast _______ persons required to form a partnership.
(A) Two
(B) Seven
(C) Three
(D) Five
(17) Which of the following is the true character of partnership?
(A) agreeement
(B) Carrying on Busines
(C) Matual Agency
(D) Sharing of Profits
(18) Persons who have entered in to partneship with one another are collectively called
(A) Partners
(B) Agents
(C) Principals
(D) Firm
(19) Registration of Partnership fim is _______.
(A) Not Compulsoryu
(B) Compulsory
(C) As per directions of the State Govt
(D) As per the directions of the Central Govt.
(20) Which of the following will be the effects, if the fim is not registered? Choose the correct option/s.
I. No suit by the partner against the firm.
II. No suit by the partner against other partner.
III. No suit by the fim against the third parties.
IV. No suit by the third party against the firm.
(A) I, II, III and IV
(B) Only I
(C) I and III only
(D) I, II and III
(21) When a patnership fim is formed for a specific venture or for a particular period, the partnership is called as _______
(A) Partnership at Will
(B) Active Partnership
(C) Domant Partnership
(D) Particular Partnership.
(22) A partner who takes an active part in the conduct of the business is called as _______
(A) Dormant Partner
(B) Sleeping Partner
(C) Sub Partner
(D) Actual Partner
23. Which of the following partnerr is not liable for the acts of the fim?
(A) Domant Partner
(B) Nominal Partner
(C) Sub Partner
(D) Partner in profits only.
(24) Which of the following is not the duty of the partners?
I. To Carry on the business of the fim to the greatest common advantage.
II. To be just and faithfull with each other.
III. To take part in the conduct of the business.
IV. To render true accounts.
(A) I
(B) II
(C) III
(D) IV
(25) A fim may be dissoved by an order of the Court,
I. Misconduct by a partner.
II. Persistent breach of agreement by a partner.
III. Transfer of Interest by a partner.
IV. Pemanent incapacity
(A) I, II and IV
(B) II and IV
(C) I, II, III and IV
(D) I and II
(26) The tem " Service" under the Consumer Protection Act, 1984 doesnot include the rendering any service,
I. Free of Charge
II. Under a contract of peronal service.
III. Under a contract for personal service.
(A) I
(B) II
(C) III
(D) I and II
(27) The term " Consumer" under the Consumer Protection Act, 1984 means a buyer of any goods for a consideration.
I. For resale.
II. For commerial purpose.
III. For eaming livelihood.
(A) III Only
(B) l and II
(C) II and III
(D) II Only
(28) Every member of the State Commission shall hold the office for a tem of
(A) 5 years or up to the age of 65 years, whichever is earlier.
(B) 5 years or up to the age of 67 years, whichever is earlier.
(C) 5 years or up to the age of 69 years, whichever is earlier.
(D) 5 years or up to the age of 70 years, whichever is earlier.
(29) Any person aggrieved by the order of the District Forum may prefer an appeal against such orde within _______ days from the date of the order.
(A) 45
(B) 60
(C) 30
(D) 120
(30) National Commission shall consist of not less than four members, and _______ of them must be woman.
(A) Two
(B) Three
(C) Four
(D) One
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