Top 250+ Solved Laws and Ethics MCQ Questions Answer
Q. The liability of the partners will continue for the acts done before the dissolution, even after the dissolution, until
a. Public notice is given of the dissolution
b. Partners are getting the final payment
c. Claim is demanded by the creditors
d. The death of partners
Q. Every employee shall be entitled to receive bonus from his employer in anaccounting year if he has worked for not less than
a. Ten working days
b. Twenty working days
c. Thirty working days
d. Forty working days
Q. Under Employee's State Insurance Act, 1948, the term of the office of the members ofMedical Benefit Council shall be
a. 2 Years
b. 4 Years
c. 5 Years
d. 10 Years
Q. Which one cannot be transacted through postal ballot?
a. Appointment of auditor
b. Election of a Director
c. Buy back of shares by a company
d. Change in place of registered office outside the local limits of any city, town or
Q. The appointment of an independent director shall be approved by the
a. Board meeting
b. General meeting
c. Registrar of Companies
d. Central Government
Q. The sweat equity shares shall be locked in for a period of __________ years from thedate of allotment.
a. One
b. Two
c. Three
d. Four
Q. The following is the disadvantage of business ethics:
a. Through increasing morale and trust business can increase their market share
b. Publicity due to well and ethical performance
c. Acceptance of products of the company by the public
d. Diversity in achievements
Q. A proposal may be revoked at any time before
a. the communication of acceptance
b. the payment of consideration
c. signing the agreement
d. execution of the proposal
Q. Which of the following is not to be taken care while admitting a new partner?
a. Computation of newprofit sharing ratio and sacrifice ratio
b. Accounting treatment of goodwill
c. Professional qualification of admitting partner
d. Revaluation of assets and liabilities
Q. Where goods are delivered to the buyer and he refuses to accept them, the buyer isnot bound to
a. retain them with him.
b. look-after the goods.
c. return them to the seller.
d. store them in his godown.
Q. No child shall be allowed to work in a factory unless he has completed his
a. 12th year
b. 14th year
c. 16th year
d. 18th year
Q. Gratuity shall be payable to an employee on the termination of his employment afterhe has rendered continuous service for not less than
a. three years
b. five years
c. seven years
d. ten years
Q. The Employees' State Insurance Corporation is
a. Hindu Undivided Family
b. Local Authority
c. Charitable Institution
d. Body Corporate
Q. The annual return of an OPC shall be signed by the company secretary or wherethere is no company secretary, by the
a. Senior executive of the company
b. Auditor of the company
c. Director of the company
d. Advocate of the company
Q. If there is any mis-statement in the prospectus then it would attract the liability on
a. The printer
b. The issuer
c. The publisher
d. The proof-reader