MCQOPTIONS
Saved Bookmarks
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.
| 301. |
The company shall give notice of alteration to the Register within ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of passing theresolution |
| A. | 3 months |
| B. | 6 months |
| C. | 30 days |
| D. | 60 days |
| Answer» D. 60 days | |
| 302. |
The idea of carrying on a business is conceived by a person by a group of persons called ‐‐‐‐‐‐‐‐‐‐ |
| A. | Exploits |
| B. | Promoters |
| C. | Directors |
| D. | None of these |
| Answer» C. Directors | |
| 303. |
An official liquidator is appointed by the ‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Central government |
| B. | By Court |
| C. | State Government |
| D. | Company |
| Answer» B. By Court | |
| 304. |
Shelf Prospectus means a prospectus issued by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Any trading company |
| B. | Any industrial company |
| C. | Any financial institution of bank |
| D. | None of the above. |
| Answer» D. None of the above. | |
| 305. |
A managing Director can be appointed for a maximum period of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | 2 years |
| B. | 10 years |
| C. | 3 years |
| D. | 5 years |
| Answer» E. | |
| 306. |
The managing directors hold the ‐‐‐‐‐‐‐‐‐‐‐‐‐ shares of the company. |
| A. | Deemed |
| B. | Equity |
| C. | Qualification |
| D. | Preference |
| Answer» D. Preference | |
| 307. |
The term whole time director is defined in sec.‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the Companies Act 1956 |
| A. | 2(25) |
| B. | 2(24) |
| C. | 3(25) |
| D. | 3(24) |
| Answer» C. 3(25) | |
| 308. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the official records of the meeting of the company |
| A. | Quorum |
| B. | Register |
| C. | Report |
| D. | Minute |
| Answer» E. | |
| 309. |
Sec. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the companies act states that, a public company making an issue ofsecurities 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) | |
| 310. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is the first stage in the formation of a company |
| A. | Promotion |
| B. | Raising of Capital |
| C. | Incorporation |
| D. | Commencement of business |
| Answer» B. Raising of Capital | |
| 311. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ can be imposed on directors for non compliance of requirements’of companies Act |
| A. | Penalty |
| B. | Fine |
| C. | Statutory penalty |
| D. | Criminal liability |
| Answer» C. Statutory penalty | |
| 312. |
If at the registration, a company limited by shares does not file articles of association with theregistrar, 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 | |
| 313. |
The memorandum of Association is a ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the company. |
| A. | Certificate |
| B. | Schedule |
| C. | Document |
| D. | None of the above |
| Answer» D. None of the above | |
| 314. |
A ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a visual symbol attached to goods |
| A. | Patent |
| B. | A trade mark |
| C. | Corporal goods |
| D. | Sealed goods |
| Answer» C. Corporal goods | |
| 315. |
The winding up in which a solvency declaration is not made is known as ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Creditors voluntary winding up |
| B. | Members voluntary winding up |
| C. | Compulsory winding up |
| D. | None of the above |
| Answer» B. Members voluntary winding up | |
| 316. |
According to sec.225, the directors should be appointed in he ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Office of the Registrar |
| B. | General Meeting |
| C. | Company |
| D. | Share holders |
| Answer» C. Company | |
| 317. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ company are those which are incorporated by a Royal Charter. |
| A. | Chartered |
| B. | Registered |
| C. | Statutory |
| D. | None of these. |
| Answer» B. Registered | |
| 318. |
Statutory companies are also known as ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | State legislative |
| B. | Govt. Company |
| C. | Corporation |
| D. | None of the above |
| Answer» D. None of the above | |
| 319. |
A past member can also be placed on the list of contributories of he has ceased to be a memberwithin ‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| 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. | |
| 320. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a kind of industrial property which can be purchased |
| A. | Trade mark |
| B. | Collective mark |
| C. | Patent |
| D. | ISI mark |
| Answer» D. ISI mark | |
| 321. |
As per Sec. 439 who can file a petition to the Tribunal for winding up? |
| A. | The Registrar |
| B. | Company |
| C. | Contributory |
| D. | Any one of these. |
| Answer» E. | |
| 322. |
Doctrine of constructive notice means‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Notice of alternation of object clause to the registrar |
| B. | Notice to outside dealing with the registrar as to contents of memorandum and articles |
| C. | Notice of change of name to members |
| D. | Notice to public as to issue of prospectus. |
| Answer» C. Notice of change of name to members | |
| 323. |
Section 10 provides for the appointment of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Inspector |
| B. | Adult |
| C. | Certifying surgeon |
| D. | Adolescent |
| Answer» D. Adolescent | |
| 324. |
An act which is to be ultra virus a company is ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Void |
| B. | Valid |
| C. | Both A and B |
| D. | None of these. |
| Answer» B. Valid | |
| 325. |
The power to order rectification of register of members vests in the ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Court |
| B. | Tribunal |
| C. | Central Government |
| D. | Board of directors |
| Answer» C. Central Government | |
| 326. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of schedule I of the companies Act, which gives the specimen of memorandum of acompany limited by shares |
| A. | Table B |
| B. | Table A |
| C. | Table D |
| D. | Table E |
| Answer» B. Table A | |
| 327. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ are subordinate to and controlled by the memorandum. |
| A. | Articles of Association |
| B. | Prospectus |
| C. | Statement in law |
| D. | All of the above. |
| Answer» B. Prospectus | |
| 328. |
The history of the Indian Company Law began in the year of |
| A. | 1850 |
| B. | 1908 |
| C. | 1913 |
| D. | 1956 |
| Answer» B. 1908 | |
| 329. |
The company agrees that the remuneration of non‐ executive directors shall be decided by ‐‐‐‐‐‐‐‐‐‐ |
| A. | Company |
| B. | Share holders |
| C. | Board of Directors |
| D. | Central Government |
| Answer» D. Central Government | |
| 330. |
Prospectus must therefore make full and honest declaration of materials facts without concealing oromitting any relevant fact. This is known as ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Twiquant rule |
| B. | Golden rule |
| C. | General rule |
| D. | Special rule |
| Answer» C. General rule | |
| 331. |
Minimum ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ and maximum ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ constitute a private limited company |
| A. | 2 of 10 |
| B. | 7 of unlimited |
| C. | 2 of 15 |
| D. | 2 of 50 |
| Answer» E. | |
| 332. |
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. | |
| 333. |
Which doctrine protects the out of the outsiders from the company? |
| A. | The doctrine of Ultra virus |
| B. | The doctrine of indoor management |
| C. | Both A and B |
| D. | None of the above |
| Answer» C. Both A and B | |
| 334. |
The alteration of the memorandum has to be certified by the Registrar within |
| A. | 30 days |
| B. | 15 days |
| C. | 45 days |
| D. | 60 days |
| Answer» B. 15 days | |
| 335. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐Acts as the official signature of the company. |
| A. | Registration |
| B. | Special resolution |
| C. | Legal entity |
| D. | Common seal |
| Answer» E. | |
| 336. |
The articles of Association and the memorandum of Association are drafted by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Auditor |
| B. | Director |
| C. | Secretary |
| D. | Register |
| Answer» D. Register | |
| 337. |
The directors may be held ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ liable on their failure to fulfill the formalities imposed uponthem by the Act |
| A. | General law |
| B. | Criminal |
| C. | Civil |
| D. | All of the above |
| Answer» C. Civil | |
| 338. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐ mean a person who is either child or Adolescent |
| A. | Child |
| B. | Young person |
| C. | Adolescent |
| D. | Adult |
| Answer» C. Adolescent | |
| 339. |
Sec. ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the companied Act defines foreign company |
| A. | 4(4) |
| B. | 3(1)(i) |
| C. | 3(1)(ii) |
| D. | 591 |
| Answer» E. | |
| 340. |
The other name of indoor management is called ‐‐‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Golden rule |
| B. | Constructive notice |
| C. | Indoor rule |
| D. | Tarquand rule |
| Answer» E. | |
| 341. |
See ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of the companies Act, 1956 states that a company means “ a company formed andregistered 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. | |
| 342. |
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 | |
| 343. |
The quorum for a meeting of the board of directors shall be ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ of its total strength or 2directors whichever is higher. |
| A. | 3 |
| B. | ½ |
| C. | ¼ |
| D. | 1/3 |
| Answer» E. | |
| 344. |
A person cannot hold directorship of more than ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐companies at a time |
| A. | 15 |
| B. | 50 |
| C. | 25 |
| D. | 10 |
| Answer» B. 50 | |
| 345. |
In case of members voluntary winding up , the liquidation for conducting the winding upproceedings is appointed by ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐. |
| A. | Central government |
| B. | Company in its general meeting |
| C. | Company law board |
| D. | Register |
| Answer» C. Company law board | |
| 346. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is a decision on the proposal |
| A. | Quorum |
| B. | Proxy |
| C. | Motion |
| D. | Resolution |
| Answer» E. | |
| 347. |
On which of the following dates the companies Act,1956 come in to force? |
| A. | 31st March 1956 |
| B. | 1st April 1956 |
| C. | 31st March 1957 |
| D. | 1st April 1957. |
| Answer» C. 31st March 1957 | |
| 348. |
On a winding up order being made, the co9mpany’s property comes under the custody of ‐‐‐‐‐‐‐‐‐‐‐‐ |
| A. | Central Government |
| B. | Tribunal |
| C. | Share holders |
| D. | Liquidator |
| Answer» E. | |
| 349. |
‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ is subordinate to and controlled by the memorandum of association |
| A. | Prospectus |
| B. | Statement in lieu |
| C. | Articles of association |
| D. | None of the above |
| Answer» D. None of the above | |
| 350. |
RBI is an example of ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐ company |
| A. | Charted |
| B. | Statutory |
| C. | Licenced |
| D. | Registered |
| Answer» C. Licenced | |