Top 250+ Solved Laws and Ethics MCQ Questions Answer
Q. Gratuity is payable to an employee ______________.
a. On his superannuation
b. Retirement
c. Retrenchment
d. In all the above cases.
Q. Contribution of the employer to employees’ pension scheme is-
a. 8.33%
b. 10%
c. 12%
d. None of the above.
Q. Who, among the following, is not the Principal Employer?
a. Occupier of the factory
b. Owner of the factory
c. Legal representative of the owner
d. Legal representative of the contractor.
Q. The time limit for making bonus payment is-
a. Within a period of one month from the close of the accounting year
b. Within a period of three months from the close of the accounting year
c. Within a period of six months from the close of the accounting year
d. Within a period of eight months from the close of the accounting year.
Q. Review of minimum wages is to be done at such interval not exceeding-
a. 3 years
b. 5 years
c. 7 years
d. 10 years
Q. The wages of employed persons in an establishment where less than 1000 persons are employed, shall be paid before-
a. 7th day
b. 10th day
c. 15th day
d. Second working day
Q. In case of unlisted company the duplicate share certificate shall be issued within aperiod of-
a. 45 days
b. 3 months
c. 6 months
d. None of the above
Q. Which one of the following is not a contract?
a. A find B’s purse and gives it to him. B promises to give him `1,000/-
b. A promises, for no consideration, to give `10,000/-
c. A agrees to sell a horse worth of `1,000/- for `10/-
d. A supports B’s infant son. B promises to pay A’s expenses in so doing.
Q. Holder in due course means any person-
a. Drawing the instrument
b. Who for consideration became the possession of a promissory note
c. Named in the instrument to whom or to whom order the money is directed to be paid
d. None of the above.
Q. Intimation of the reconstitution of change in a registered partnership is to be given tothe Registrar of firms-
a. No time limit
b. Within 30 days
c. Within 60 days
d. Within 90 days.
Q. The fee payable for registration of LLP whose contribution exceeds `10 lakhs is
a. `500/-
b. ` 2000/-
c. ` 4000/-
d. ` 5000/-
Q. The gratuity is payable to an employee shall not exceed-
a. 12 months pay
b. 16 months pay
c. 20 months pay
d. 24 months pay
Q. Withdrawal from PF may be allowed for –
a. Marriage of the employer
b. Post matriculation education of children
c. For the purchase of a dwelling place
d. For illness in certain cases.
Q. ESI Corporation is a-
a. Partnership firm
b. Limited Liability Partnership
c. Body Corporate
d. Hindu Undivided Family.