Top 150+ Solved Industrial and Company Law MCQ Questions Answer
Q. A document which shows on the face of it, that the company has borrowed a certain sum of money from the holder thereof upon certain terms and conditions is known as-
a. Equity shares
b. Debentures
c. Mortgage
d. Preference Shares
Q. The companies incorporated under a special charter by a monarch are:
a. Chartered companies
b. Registered companies
c. Statutory companies
d. incorporated companies
Q. When a company has control over another company it is known as:
a. Controlled company
b. Subsidiary company
c. Holding company
d. None of the above
Q. The fundamental conditions upon which alone the company is allowed to be incorporated is contained in:
a. Articles of association
b. Memorandum of Association
c. Certificate of incorporation
d. Certificate of commencement of business
Q. A document which shows that a company has borrowed a certain sum of money is:
a. Articles of association
b. Memorandum of Association
c. Certificate of incorporation
d. Prospectus
Q. The maximum amount which a company is authorised to raise by issue of shares and upon which it pays the stamp and registration fee is :
a. Issued capital
b. Called up capital
c. Subscribed capital
d. Nominal or registered capital
Q. Who can be members of a company?
a. Minor
b. Partnership firms
c. Trustees
d. Hindu undivided families
Q. Companies that have implied powers to borrow, even without any specific power to do so in their memorandum or articles are:
a. Private companies
b. Public companies
c. Non trading companies
d. Trading companies
Q. Debentures that are not negotiable instruments are:
a. Registered debentures
b. Bearer Debentures
c. Redeemable debentures
d. Secured debentures
Q. Any invitation issued to the public inviting it to deposit money with the company or to take share or debentures of the company such invitation may be in the form of a document or a notice, circular, advertisement etc is known as
a. Prospectus
b. Documents
c. Promotion
d. All of the above
Q. A subsidiary company can be a member of the holding company also.
a. True
b. False
c. undefined
d. either (a) or (b)
Q. A person who has control over the affairs of the company, directly or indirectly whetheras a shareholder, director or otherwise
a. Promoter
b. Manager
c. Owner
d. None of the Above
Q. An instrument which retain debt character and cannot be converted into equity shares
a. Non Convertible Debentures
b. Fully Convertible Debentures
c. Partly Convertible debentures
d. Secured Debentures
Q. A borrowing made by a company from a particular bank/financial institution.
a. Secured Borrowing
b. Bilateral borrowing
c. Private borrowing
d. Public borrowing