Top 250+ Solved Laws and Ethics MCQ Questions Answer
Q. Rule 34 provides that where the Tribunal has made winding up order of a LLP, the liquidator shall submit a report containing which of the following particulars:
a. Debts due to the LLP
b. Guarantees given by the LLP
c. Existing and contingent liabilities of the LLP
d. All of the above
Q. Every member of a company listed by shares and holding equity share capital shall have the right to _____________ on every _____________ placed before the company.
a. vote; resolution
b. Speak; agenda
c. Speak; resolution
d. Any of the above.
Q. When a professional promotes a position or opinion to such extent that someobjectivity may have to be compromised, this threat is known as
a. Familiarity threat
b. Objectivity threat
c. Advocacy threat
d. Intimidation threat
Q. The ________ of the company shall contain the regulations for management of the company.
a. Articles
b. Memorandum
c. Both
d. None of the above
Q. The supervisory board under the German Model is known as
a. Aufsichtsrat
b. Kiertsu
c. Vorstand
d. Kyosei
Q. An audit committee has four fold relationship and therefore has to interact with management, internal auditor, public and
a. Cost auditor
b. Statutory auditor
c. Tax auditor
d. Management auditor
Q. Which of the following is a method of discharge from liability?
a. By endorsement
b. By promising
c. By cancellation
d. By registration
Q. Gratuity is payable to an employee after he has rendered continuous service for not less than five years on his
a. transfer
b. daughter's marriage
c. re-employment
d. resignation
Q. Who will not be considered as an employee?
a. Canteen workers
b. Casual workers
c. Partners
d. Part time employee
Q. "Individual pension account" means an account of subscriber, executed by acontract setting out the terms and conditions under the
a. Provident fund scheme
b. National pension system
c. Citizen welfare system
d. Minimum wage payment scheme
Q. Which of the following is not a category of company?
a. Inactive company
b. Assistant company
c. Dormant company
d. Producer company
Q. Section 92 of the Companies Act, 2013 requires a company to prepare and fileannual return in form no.
a. MGT-12
b. INC-23
c. MGT-7
d. SH-10
Q. The main feature of e-contract is
a. Cost and acceptability
b. Purity and clarity
c. Speed, accurate and reliable
d. Perfection and attractive
Q. Which of the following is not an unpaid seller's right against the goods?
a. The right of retention
b. The right of stoppage in transit
c. The right of seeking claim for damage
d. The right of resale
Q. Where the endorser does not want that the endorsee or any other holder to incur anyexpense on his account is called
a. Restrictive endorsement
b. Sans frais endorsement
c. Conditional endorsement
d. Unwanted endorsement