Top 250+ Solved Laws and Ethics MCQ Questions Answer
Q. The private placement shall be made, not more than ___________ persons inaggregate in a financial year.
a. 50
b. 100
c. 200
d. 400
Q. The company shall not issue sweat equity shares for more than _______________ of theexisting paid up share capital in a year.
a. 10%
b. 15%
c. 25%
d. None of the above
Q. Which one of the following is not the discharge by operation of law?
a. By merger
b. By insolvency
c. By breach of contract
d. By the unauthorized alteration of items of a written document.
Q. Which one of the following is not the feature of the Contract of Guarantee?
a. There are two parties in this contract.
b. The liability of surety is secondary.
c. There is an existing debt for which the surety gives guarantee to the creditor on behalf of the principal debtor.
d. The surety gives contract at the request of the principal debtor.
Q. Section 2(7) of the Sale of Goods Act, 1930 the term 'Goods' does not include__________.
a. Stock and share
b. Growing Crops
c. Grass
d. Neither (A) nor (B) nor (C)
Q. No female child shall be allowed to work in any factory except between________________.
a. 8 AM and 7 PM
b. 6 PM and 6 AM
c. 6 AM and 7 PM
d. 10 PM and 5 AM
Q. The Bonus shares may be issued out of the _____________________
a. Free Reserves
b. Securities Premium Account
c. Capital Redemption Reserve Account
d. Any of the above
Q. An instrument of the proxy shall be deposited with the registered office of thecompany before ____________ hours of the conduct of the meeting.
a. 7 hours
b. 21 hours
c. 48 hours
d. 60 hours
Q. The minimum age limit for appointment of managing director and the wholetimedirector is
a. 18 years
b. 21 years
c. 25 years
d. 30 years
Q. A company cannot remove a director appointed
a. at the annual general meeting
b. at the extra ordinary general meeting
c. by the promoter
d. by the tribunal
Q. Theminimum number of designated partners in an LLP shall ____________________
a. 1
b. 2
c. 7
d. 15
Q. At every AGM, not less than ________ of the total number of directors shall retire byrotation.
a. One third
b. Two third
c. Three fourths
d. Half