Business Law (MCQs) Set-2

Categories: EDUCATION

Q.11. The ______ issues the certificate of incorporation

1. Register
2. Director
3. Court
4. All of the above

Answer: (A) Register

Q.12. Sec. _____ of the companies Act deals with the meaning and provisions related to the shelf prospectus.

1. 50
2. 4(1)
3. 2(2)
4. 60

Answer: (D) 60

Q.13. Sec. _____ of the companied Act defines foreign company

1. 4(4)
2. 3(1)(i)
3. 3(1)(ii)
4. 591

Answer: (D) 591

Q.14. A company may change its name by passing ______ with the approval of central govt.

1. Special resolution
2. Ordinary resolution
3. Both A & B
4. None of the above

Answer: (A) Special resolution

Q.15. Golden rule was laid down by ______

1. KINDERSELY VC in new Brun Wick Co. V Marreride
2. Edington V Fitzmaurice
3. Treeman V Buckhcats
4. Royal British Bank V Turquand

Answer: (A) KINDERSELY VC in new Brun Wick Co. V Marreride

Q.16. ____ is a person who has signed company’s memorandum of association

1. Individual
2. Corporate body
3. Member
4. Legal person

Answer: (C) Member

Q.17. The privilege of limited liability was introduced in the Indian Company Law, in the year of

1. 1850
2. 1857
3. 1927
4. 1956

Answer: (B) 1857

Q.18. The first important document to be filed with the Registrar is ______

1. Articles of Association
2. Prospectus
3. Memorandum of Association
4. None of these.

Answer: (C) Memorandum of Association

Q.19. _____ contain the rules and regulation of the company

1. Prospectus
2. Statement in lieu
3. Articles of Association
4. Memorandum of Association

Answer: (C) Articles of Association

Q.20. The capital with which the company is registered is called the ______

1. Subscribed Capital
2. Nominal Capital
3. Working Capital
4. None of these

Answer: (B) Nominal Capital