MCQOPTIONS
Saved Bookmarks
MCQOPTIONS
This section includes 49 Mcqs, each offering curated multiple-choice questions to sharpen your Bachelor of Business Administration (BBA) knowledge and support exam preparation. Choose a topic below to get started.
| 1. |
is a voluntary association of persons formed to carry on some business for profit or to promote art, science, education or some charitable purpose. |
| A. | Incorporation |
| B. | Private company |
| C. | Company |
| D. | Public company |
| Answer» D. Public company | |
| 2. |
A company is a of a person who have come together for a common object which generally is to earn profit |
| A. | Artificial person |
| B. | Voluntary Association |
| C. | Incorporate Association |
| D. | All of these. |
| Answer» E. | |
| 3. |
See of the companies Act, 1956 states that a company means a company formed and registered under this Act, or an existing company |
| A. | 3(2)(ii) |
| B. | 3(1)(ii) |
| C. | 3(3)(i) |
| D. | 3(1)(i) |
| Answer» E. | |
| 4. |
Anything done under an agreement between the company and third party requires recognition of the company in the form of |
| A. | Contract |
| B. | Agreement |
| C. | Partnership |
| D. | Official seal |
| Answer» E. | |
| 5. |
Company may be companies limited by shares companies limited guarantee, unlimited companies. |
| A. | Number of members |
| B. | Liability of members |
| C. | Registered |
| D. | Incorporation |
| Answer» C. Registered | |
| 6. |
Companies limited by are not formed for the purpose of profit but for the promotion of art, science, culture, charity, sports, commerce etc. |
| A. | Members |
| B. | Shares |
| C. | Liability |
| D. | Guarantee |
| Answer» E. | |
| 7. |
is the first state in which assists realized liabilities are paid off and surplus is distributed |
| A. | Dissolution |
| B. | Winding up |
| C. | Acquisitions |
| D. | All of the above |
| Answer» C. Acquisitions | |
| 8. |
Sec. of the companies act states that, a public company making an issue of securities shall circulate information memorandum to the public before filling of a prospectus. |
| A. | 60(B) |
| B. | 60(a) |
| C. | 16(B) |
| D. | 16(a) |
| Answer» B. 60(a) | |
| 9. |
of schedule I of the companies Act, which gives the specimen of memorandum of a company limited by shares |
| A. | Table B |
| B. | Table A |
| C. | Table D |
| D. | Table E |
| Answer» B. Table A | |
| 10. |
A printed copy articles as altered shall be filed by the company with the register within of order of approval from central |
| A. | 3 months |
| B. | 6 months |
| C. | One month |
| D. | 2 month |
| Answer» D. 2 month | |
| 11. |
document contains the rules, regulations and bye laws for the internal management of the company |
| A. | Memorandum of Association |
| B. | Article of Association |
| C. | Prospectus |
| D. | Statement in lieu. |
| Answer» C. Prospectus | |
| 12. |
The forms of articles of association are given in tables is schedule I of the companies Act 1956 |
| A. | A,C,D&E |
| B. | B,C,D&E |
| C. | B,A,C&E |
| D. | B,D&E |
| Answer» B. B,C,D&E | |
| 13. |
The forms of Memorandum of association are given in tables in schedule I of the companies Act 1956 |
| A. | B,A&E |
| B. | B,C,D&E |
| C. | A,C,D&E |
| D. | D,A,E. |
| Answer» C. A,C,D&E | |
| 14. |
The statement in lieu of prospectus is drafted in accordance with the particulars set in part I of the the Act |
| A. | Schedule I |
| B. | Schedule IV |
| C. | Schedule III |
| D. | Schedule II |
| Answer» E. | |
| 15. |
is a shorter version of the prospectus and contains all the salient features of a prospectus that forms a part of the memorandum. |
| A. | Deemed prospectus |
| B. | A bridged prospectus |
| C. | Red herring prospectus |
| D. | Shelf prospectus |
| Answer» C. Red herring prospectus | |
| 16. |
Prospectus must therefore make full and honest declaration of materials facts without concealing or omitting any relevant fact. This is known as |
| A. | Twiquant rule |
| B. | Golden rule |
| C. | General rule |
| D. | Special rule |
| Answer» C. General rule | |
| 17. |
is issued by any financial constitution or bank for on e or more of issues of securities or class of securities specified in the prospectus. |
| A. | A bridged prospectus |
| B. | Shelf Prospectus |
| C. | Deemed Prospectus |
| D. | Red Herring Prospectus |
| Answer» C. Deemed Prospectus | |
| 18. |
auditors of the company are appointed by the share holders in annual General Meeting. |
| A. | General |
| B. | Statutory |
| C. | Special |
| D. | None of these |
| Answer» C. Special | |
| 19. |
can be passed by the support of three fourth majority a share holders who are present and entitle to vote at a meeting. |
| A. | Special resolution |
| B. | Ordinary resolution |
| C. | Both A and B |
| D. | None of these. |
| Answer» D. None of these. | |
| 20. |
The company is dissolved when the tribunal passes in order of dissolution and the Tribunal shelf pass such order . |
| A. | When the affairs of the company have been completely wound up |
| B. | Immediately after the winding up order |
| C. | At the instance of Central government |
| D. | At the distance of company law Board. |
| Answer» B. Immediately after the winding up order | |
| 21. |
A past member can also be placed on the list of contributories of he has ceased to be a member within |
| A. | 3 years before the commencement of the winding up |
| B. | 2 years before the commencement of the winding up |
| C. | 18 months before the commencement of the winding up |
| D. | 12 months before the commencement of the winding up |
| Answer» E. | |
| 22. |
The company shall give notice of alteration to the Register within of passing the resolution |
| A. | 3 months |
| B. | 6 months |
| C. | 30 days |
| D. | 60 days |
| Answer» D. 60 days | |
| 23. |
In case of members voluntary winding up , the liquidation for conducting the winding up proceedings is appointed by . |
| A. | Central government |
| B. | Company in its general meeting |
| C. | Company law board |
| D. | Register |
| Answer» C. Company law board | |
| 24. |
Special resolution is passed by majority of the members voting by show of hands or on poll either in person or by proxy. |
| A. | 1/3 |
| B. | |
| C. | 3 |
| D. | |
| Answer» E. | |
| 25. |
lays down the modes in which the objects of the company are to be carried out by the members. |
| A. | Statement in lieu |
| B. | Prospectus |
| C. | Memorandum of Association |
| D. | Articles of association |
| Answer» E. | |
| 26. |
The maximum remuneration paid to a manager cannot exceed percent of the annual net profit |
| A. | 10% |
| B. | 5% |
| C. | 15% |
| D. | 25% |
| Answer» C. 15% | |
| 27. |
The board shall meet at least four time a year, with a maximum times gap of between any two meetings |
| A. | 6 months |
| B. | 3 months |
| C. | 2 months |
| D. | 4 months |
| Answer» C. 2 months | |
| 28. |
signed by the required number of persons which are necessary for the formation of company. |
| A. | Memorandum of Association |
| B. | Prospectus |
| C. | Statement in lieu |
| D. | None of the above. |
| Answer» C. Statement in lieu | |
| 29. |
The quorum for a meeting of the board of directors shall be of its total strength or 2 directors whichever is higher. |
| A. | 3 |
| B. | |
| C. | |
| D. | 1/3 |
| Answer» E. | |
| 30. |
Directors are of he powers conferred on then and they must exercise those powers bonafide and for the benefit of the company. |
| A. | Trustee |
| B. | Management |
| C. | Representative |
| D. | None of the above |
| Answer» B. Management | |
| 31. |
The directors may be held liable on their failure to fulfill the formalities imposed upon them by the Act |
| A. | General law |
| B. | Criminal |
| C. | Civil |
| D. | All of the above |
| Answer» C. Civil | |
| 32. |
Where a directors acts dishonestly to the interest of the company. He will be held liable for |
| A. | Negligence |
| B. | Malafide acts |
| C. | Ultra virus acts |
| D. | Breach of fiduciary duty |
| Answer» E. | |
| 33. |
When a director voluntarily remains absent from the three consecutive meetings of the Board of Directors, and |
| A. | He become liable to be punished with @Rs.500 for every default |
| B. | He is disqualified for becoming a director of any company |
| C. | His office falls vacant |
| D. | None of the above |
| Answer» D. None of the above | |
| 34. |
refers to a voluntary association of individuals formed for the purpose of obtaining a particular social or economical goal. |
| A. | Illegal Association |
| B. | Partnership |
| C. | Incorporation |
| D. | Company |
| Answer» E. | |
| 35. |
consists of a series of regulations framed by the legislature for the conduct of the affair of company. |
| A. | Table B |
| B. | Table A |
| C. | Table C |
| D. | Table D |
| Answer» C. Table C | |
| 36. |
A public company having a share capital, becomes entitled to commence business only after obtaining a further certificate known as a |
| A. | Company formation |
| B. | Certificate of incorporation |
| C. | Provisional contracts |
| D. | Certificate of commence business |
| Answer» E. | |
| 37. |
Sec. of the companies Act deals with the meaning and provisions related to the shelf prospectus. |
| A. | 50 |
| B. | 4(1) |
| C. | 2(2) |
| D. | 60 |
| Answer» E. | |
| 38. |
refers to the instrument by which a person is appointed to act for another at a meeting of the company. |
| A. | Proxy |
| B. | Quorum |
| C. | Motion |
| D. | None of the above |
| Answer» B. Quorum | |
| 39. |
A may be defined as a person having aontrol over the affairs, conduct and management of a company. |
| A. | Share holders |
| B. | Director |
| C. | Body Corporate |
| D. | Member |
| Answer» C. Body Corporate | |
| 40. |
In the event of company being wound up the Tribunal shall prepare list of contributories into |
| A. | List A |
| B. | List B |
| C. | List A and B |
| D. | List A or B |
| Answer» D. List A or B | |
| 41. |
The procedure for change of registered office from one city to another within the state is by passing |
| A. | Special resolution only |
| B. | Ordinary resolution only |
| C. | Special resolution and approval of central government |
| D. | Ordinary resolution and approval of company law board |
| Answer» B. Ordinary resolution only | |
| 42. |
When one company controls the management of another company, the format is called a company |
| A. | Existing |
| B. | Holding |
| C. | Subsidiary |
| D. | Licensed |
| Answer» D. Licensed | |
| 43. |
Notice of the registered office of the company shall be given to the registration of companies within |
| A. | 45 days |
| B. | 30 days |
| C. | 15 days |
| D. | 60 days |
| Answer» C. 15 days | |
| 44. |
The name of a defunct company can be resorted to register on an application made to the Tribunal by the company, or any member or a creditor within . |
| A. | 3 years from the dissolution |
| B. | 6 years from the dissolution |
| C. | 20 years from the dissolution |
| D. | 12 years from the dissolution. |
| Answer» D. 12 years from the dissolution. | |
| 45. |
The annual return should be filed by a company with the Registrar within the date of the annual general meeting of the company. |
| A. | 40 |
| B. | 60 |
| C. | 30 |
| D. | 50 |
| Answer» C. 30 | |
| 46. |
The statement in lieu of prospectus must be filed with the Registrar at least days before any allotment of shares is made. |
| A. | 15 |
| B. | 30 |
| C. | 6 |
| D. | 3 |
| Answer» E. | |
| 47. |
On a share of Rs.200 of a company a shares holder has already paid Rs.150 . His L9iability is now limited to: |
| A. | 200 |
| B. | 50 |
| C. | 150 |
| D. | 0 |
| Answer» C. 150 | |
| 48. |
Articles of association adopt the rules and regulations contained in of schedule I of the companies Act |
| A. | Table C |
| B. | Table D |
| C. | Table A |
| D. | Table B |
| Answer» D. Table B | |
| 49. |
If at the registration, a company limited by shares does not file articles of association with the registrar, then |
| A. | The company deemed to have adopted Table A |
| B. | The company cannot be registered without this document |
| C. | The company is deemed to have become a company with unlimited liability |
| D. | None of the above |
| Answer» B. The company cannot be registered without this document | |