MCQOPTIONS
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MCQOPTIONS
This section includes 370 Mcqs, each offering curated multiple-choice questions to sharpen your UGC-NET knowledge and support exam preparation. Choose a topic below to get started.
| 251. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ refers to a voluntary association of individuals formed for the purpose of obtaining aparticular social or economical goal. |
| A. | Illegal Association |
| B. | Partnership |
| C. | Incorporation |
| D. | Company |
| Answer» E. | |
| 252. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ consists of a series of regulations framed by the legislature for the conduct of theaffair of company. |
| A. | Table B |
| B. | Table A |
| C. | Table C |
| D. | Table D |
| Answer» C. Table C | |
| 253. |
Golden rule was laid down by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | KINDERSELY VC in new Brun Wick Co. V Marreride |
| B. | Edington V Fitzmaurice |
| C. | Treeman V Buckhcats |
| D. | Royal British Bank V Turquand |
| Answer» B. Edington V Fitzmaurice | |
| 254. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a manufacturing process |
| A. | Railway running shed |
| B. | Existing films |
| C. | Making of Bidi |
| D. | Mere‐storage of salable articles in refrigerator. |
| Answer» D. Mere‐storage of salable articles in refrigerator. | |
| 255. |
Articles of association adopt the rules and regulations contained in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of schedule I ofthe companies Act |
| A. | Table C |
| B. | Table D |
| C. | Table A |
| D. | Table B |
| Answer» D. Table B | |
| 256. |
Decisions of a company are made by ‐‐‐‐‐‐‐‐‐ of its members passed at meeting of members |
| A. | Notice |
| B. | Resolution |
| C. | Quorum |
| D. | Circular |
| Answer» C. Quorum | |
| 257. |
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 | |
| 258. |
Factories Act came in to existence in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 1948 |
| B. | 1881 |
| C. | 1781 |
| D. | 1757 |
| Answer» B. 1881 | |
| 259. |
Every share holder of a company is also known as ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Member |
| B. | Partner |
| C. | Director |
| D. | All of the above |
| Answer» B. Partner | |
| 260. |
The forms of Memorandum of association are given in tables ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ in schedule I of thecompanies 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 | |
| 261. |
Which Doctrine seeks to promote the company from the outsiders? |
| A. | The doctrine of indoor management |
| B. | The doctrine of Ultra virus |
| C. | The doctrine of constructive notice |
| D. | None of these. |
| Answer» D. None of these. | |
| 262. |
The annual return should be filed by a company with the Registrar within the date of the annualgeneral meeting of the company. |
| A. | 40 |
| B. | 60 |
| C. | 30 |
| D. | 50 |
| Answer» C. 30 | |
| 263. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ refers to the instrument by which a person is appointed to act for another at a meetingof the company. |
| A. | Proxy |
| B. | Quorum |
| C. | Motion |
| D. | None of the above |
| Answer» B. Quorum | |
| 264. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ director act during the absence of the original director. |
| A. | First director |
| B. | Additional director |
| C. | Alternative director |
| D. | Representative director |
| Answer» D. Representative director | |
| 265. |
The doctrine of indoor Management has its own origin in |
| A. | Salmon V Salona U&Co.Ltd. |
| B. | Ryland V Turquand |
| C. | Royal British Bank V Turquand |
| D. | None of these |
| Answer» D. None of these | |
| 266. |
The name of a defunct company can be resorted to register on an application made to the Tribunalby 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. | |
| 267. |
Legal position of a promoter of a company is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | That of an agent |
| B. | That of a Trustee |
| C. | In a judiciary capacity |
| D. | That of a solicitor |
| Answer» D. That of a solicitor | |
| 268. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a voluntary association of persons formed to carry on some business for profit orto promote art, science, education or some charitable purpose. |
| A. | Incorporation |
| B. | Private company |
| C. | Company |
| D. | Public company |
| Answer» D. Public company | |
| 269. |
‐‐‐‐‐‐‐‐‐‐‐‐ lays down the objects and powers of the company. |
| A. | Memorandum of Association |
| B. | Articles of Association |
| C. | Prospectus |
| D. | Statement in lieu |
| Answer» B. Articles of Association | |
| 270. |
The chairman of the company has ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ vote |
| A. | 1 |
| B. | 3 |
| C. | 2 |
| D. | None of these. |
| Answer» D. None of these. | |
| 271. |
A company may change its name by passing ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ with the approval of central govt. |
| A. | Special resolution |
| B. | Ordinary resolution |
| C. | Both A & B |
| D. | None of the above |
| Answer» B. Ordinary resolution | |
| 272. |
In members voluntary winding up control of winding up in the hands of the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Creditors |
| B. | Members |
| C. | Company |
| D. | Directors |
| Answer» D. Directors | |
| 273. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ means the list of business or thing to be done at the meeting |
| A. | Quorum |
| B. | Register |
| C. | Minutes |
| D. | Agenda |
| Answer» E. | |
| 274. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ lays down the modes in which the objects of the company are to be carried outby the members. |
| A. | Statement in lieu |
| B. | Prospectus |
| C. | Memorandum of Association |
| D. | Articles of association |
| Answer» E. | |
| 275. |
The procedure to write facts about resolution and its decision is called |
| A. | Quorum |
| B. | Notice |
| C. | Minutes of narration |
| D. | None of the above |
| Answer» D. None of the above | |
| 276. |
A unique feature of trade mark is its ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Corporality |
| B. | Perpetual life |
| C. | Degeneration |
| D. | Industrialism |
| Answer» C. Degeneration | |
| 277. |
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 | |
| 278. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ auditors of the company are appointed by the share holders in annual GeneralMeeting. |
| A. | General |
| B. | Statutory |
| C. | Special |
| D. | None of these |
| Answer» C. Special | |
| 279. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ Member of directors need to retire every year |
| A. | 2/3 |
| B. | 2 |
| C. | ¼ |
| D. | 1/3 |
| Answer» E. | |
| 280. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ contain the rules and regulation of the company |
| A. | Prospectus |
| B. | Statement in lieu |
| C. | Articles of Association |
| D. | Memorandum of Association |
| Answer» D. Memorandum of Association | |
| 281. |
The capital with which the company is registered is called the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Subscribed Capital |
| B. | Nominal Capital |
| C. | Working Capital |
| D. | None of these |
| Answer» C. Working Capital | |
| 282. |
Winding up by special resolution passed by the company |
| A. | Compulsory winding up |
| B. | Winding up |
| C. | Voluntary winding up |
| D. | All of the above |
| Answer» D. All of the above | |
| 283. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the minimum number that should be present at the meeting as per the articles of the company before any business can be validly transacted. |
| A. | Minutes |
| B. | Quorum |
| C. | Register |
| D. | Proxies |
| Answer» C. Register | |
| 284. |
The ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ issues the certificate of incorporation |
| A. | Register |
| B. | Director |
| C. | Court |
| D. | All of the above |
| Answer» B. Director | |
| 285. |
Shelf prospects relates under Sec. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 16 A |
| B. | 14 A |
| C. | 60 A |
| D. | 40 A |
| Answer» D. 40 A | |
| 286. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the resolution which is passed at validly called general meeting, by simple majority of the members. |
| A. | Special resolution |
| B. | Resolution by postal ballot |
| C. | Ordinary resolution |
| D. | Resolution requiring special notice. |
| Answer» D. Resolution requiring special notice. | |
| 287. |
The office of a director becomes vacant if he fails to obtain his qualification shares within ‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 30 days |
| B. | 1 month |
| C. | 2 months |
| D. | 3 month |
| Answer» D. 3 month | |
| 288. |
The minutes of the company in case of a Board Meeting shall be signed by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Director |
| B. | Chairman |
| C. | Managing director |
| D. | Both A and B. |
| Answer» C. Managing director | |
| 289. |
The procedure for change of registered office from one city to another within the state is bypassing‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| 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 | |
| 290. |
A company is the creation of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Common seal |
| B. | Law |
| C. | Share capital |
| D. | Members |
| Answer» C. Share capital | |
| 291. |
Accounts of a company must be audited by an ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Chartered Accountant |
| B. | Auditor |
| C. | Board of Directors |
| D. | All of these. |
| Answer» C. Board of Directors | |
| 292. |
For the proper conduct of business in a meeting a ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is necessary |
| A. | Director |
| B. | Managing director |
| C. | Chairman |
| D. | Shareholders |
| Answer» D. Shareholders | |
| 293. |
The board of directors delegate the power to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Issue debentures |
| B. | Issue of shares |
| C. | Invest the fund |
| D. | Make loans |
| Answer» E. | |
| 294. |
Doctrine of Ultra virus has reference to ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ clause |
| A. | Object |
| B. | Subscription |
| C. | Liability |
| D. | None of these. |
| Answer» B. Subscription | |
| 295. |
If a public company limited by shares does not register its own articles ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐apply |
| A. | Table C |
| B. | Table B |
| C. | Table A |
| D. | Table D |
| Answer» D. Table D | |
| 296. |
Statutory meeting held within a period of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 90 days from the date at which the company is entitled to start its business |
| B. | 6 months from the date of incorporation |
| C. | Not less one month & not more than 6 month which the company is entitled to start its business |
| D. | 18 months from the date of incorporation |
| Answer» D. 18 months from the date of incorporation | |
| 297. |
Shares can be freely transferable in ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Public company |
| B. | Private company |
| C. | Registered company |
| D. | Government company |
| Answer» B. Private company | |
| 298. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a group of people who are acting on behalf of the company |
| A. | Managing Director |
| B. | Partnership |
| C. | Board of Directors |
| D. | All of the above |
| Answer» D. All of the above | |
| 299. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the first general meeting of the share holders odf a public company |
| A. | Extra ordinary meeting |
| B. | Class meeting |
| C. | General meeting |
| D. | Statutory meeting. |
| Answer» E. | |
| 300. |
A registered trade mark is called ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Patent |
| B. | Sealed good |
| C. | Common Law Mark |
| D. | ISI mark |
| Answer» D. ISI mark | |