Top 250+ Solved Laws and Ethics MCQ Questions Answer
Q. Every company limited by shares shall keep and maintain the Register of Members inForm No.
a. MGT-1
b. MGT-3
c. MGT-7
d. MGT-12
Q. Ethics are the set of moral principles that guide a person's
a. Behaviour
b. Philosophy
c. Religion
d. Profession
Q. Anu threaten to kidnap Binu's daughter if she does not sell her house worth ` 90 Lakhto her for ` 20 Lakh. This Contract is void due to —
a. inadequacy of Consideration
b. absence of Free Consent
c. incompetence of Parties
d. None of the above
Q. The Latin Maxim "Nemo Dat Quod non Habet" means
a. no man can pass a better title than he has
b. let the Buyer beware
c. no consideration – No contract
d. ignorance of law is no excuse
Q. As per the RBI Act, which of the following negotiable Instruments can be payable tothe bearer on demand?
a. Cheque
b. Hundi
c. Bank Draft
d. Promissory Note
Q. When a partnership firm is continued even after the expiry of fixed term, it is called
a. Partnership at Will
b. Perpetual Partnership
c. Fixed Partnership
d. Particular Partnership
Q. The amount of gratuity payable to an employee shall not exceed
a. Ten months’ pay
b. Twelve months’ pay
c. Twenty months’ pay
d. Twenty-five months’ pay
Q. In case of a private company, mention the number of members personally present toform the quorum of a meeting of the company.
a. One member
b. Two members
c. Three members
d. Four members
Q. Which of the following is not a valid medium of sending notice to all shareholders?
a. By registered post or speed post
b. Through public advertisement
c. Through registered email-id
d. Through courier service
Q. If any default is made in filing refund of money, the company and every officer, whois in default shall be liable to a penalty maximum up to
a. ` 50,000
b. ` 75,000
c. ` 1,00,000
d. ` 1,25,000
Q. A person is said to be of sound mind for the purposes of making a contract if, at thetime when he makes it, he is capable of
a. listening it
b. hearing it
c. understanding it
d. interpreting it
Q. Writing of a person's name on the face or back of an instrument or on a slip of paperattached to it is known as
a. Endorsement
b. Transfer
c. Negotiation
d. Transmission
Q. Anusua and Shrita formed a partnership to undertake a construction of a shoppingcomplex in New Delhi. This partnership is called
a. Partnership at will
b. Particular partnership
c. Unlimited partnership
d. Partnership with undefined mission
Q. Every employee shall be entitled to receive bonus from his employer in
a. a financial year
b. an accounting year
c. a calendar year
d. a manufacturing year