A secretary in a company is appointed by:
A. Directors
B. Shareholders
C. Government
D. Registrar of Companies
Select an option to see the answer and solution.
Match the following.
List-I (Sections)
List-II (Explanation)
a. Section 3
1. Annual general meeting
b. Section 103
2. Extra-ordinary general meeting
c. Section 96
3. Formation of company
d. Section 100
4. Quorum for meeting
A. a-1, b-2, c-3, d-4
B. a-3, b-4, c-1, d-2
C. a-2, b-3, c-4, d-1
D. a-4, b-1, c-2, d-3
Select an option to see the answer and solution.
Who is responsible to prove the infringement of registered trademark U/S 29 of Trademarks Act, 1999?
A. Plaintiff
B. Accused
C. Depends on the commercial value of infringement
D. Depends on the legal viability of trademark registration
Select an option to see the answer and solution.
Match the following.
List-I
List-II
a. Void agreement
1. Subcontracting
b. Form of bid rigging
2. Perfect competition
c. Free entry and exit in the market
3. Agreement having appreciable adverse effect on competition
d. Cartel
4. Horizontal agreement
A. a-3, b-1, c-2, d-4
B. a-1, b-2, c-3, d-4
C. a-4, b-3, c-1, d-2
D. a-2, b-1, c-4, d-3
Select an option to see the answer and solution.
The Competition Commission of India was established on:
A. 12th October, 2005
B. 14th October, 2005
C. 14th October, 2003
D. 14th October, 2014
Select an option to see the answer and solution.
Section 2(36) of Companies Act is related to
A. Memorandum
B. Prospectus
C. Articles
D. Incorporation
Select an option to see the answer and solution.
Which of the following option/s are not covered under the Negotiable Instruments as per law?
A. Banker's Note
B. Promissory Note
C. Bill of Exchange Cheques
D. All of the Instruments are Negotiable Instruments
Select an option to see the answer and solution.
The person who makes a bill of exchange, is called
A. writer
B. drawer
C. maker
D. None of these
Select an option to see the answer and solution.
What is the tenure of Chief Information Commissioner?
A. 5 years
B. 3 years
C. 6 years
D. Not fixed
Select an option to see the answer and solution.
The company in the shape of winding pays all debts, expenses and costs. The money left is now to be distributed among the following.
A. Shareholders of the company
B. Registrar of company
C. Debtors of company
D. Workers of the company
Select an option to see the answer and solution.
What is the role of Section 135 of the Trademarks Act, 1999?
A. Injunction relief
B. Evidence preservation
C. Infringement relief
D. Real of infringement suit
Select an option to see the answer and solution.
The law of contract is nothing but
A. a child of religion
B. a child of commercial dealing
C. a child of economics
D. a child of day to day politics
Select an option to see the answer and solution.
A . . . . . . . . is a contract to do or not to do something, if some event, collateral to such contract, does or does not happen.
A. Contingent contract
B. Quasi Contract
C. Express of Implied Contract
D. Indemnity Contract
Select an option to see the answer and solution.
As per Articles of Association of the company the directors can borrow up to Rs. 10,000 without getting approval from the general meeting. The directors have lend Rs. 50,000 to the company without any approval of the general meeting and took debentures. The company would be liable for:
A. 50,000
B. 60,000
C. 10,000
D. 40,000
Select an option to see the answer and solution.
Which is not the condition fulfilled before a seller is deemed to be an unpaid seller?
A. He must be unpaid either wholly or partly
B. He must have not refused payment when tendered
C. He must have sold goods against cash or in exchange of other things
D. He must have an immediate right of action for the price
Select an option to see the answer and solution.
The centre has to offer states a GST Compensation package. What is the validity period of Centre compensation package to states when GST was implemented in 2017 that are to be paid on bimonthly basis to states in case required?
A. Three years
B. Five years
C. Seven years
D. No fixed time period
Select an option to see the answer and solution.
Which of the following is not a characteristic of a company?
A. Non corporate body
B. Artificial personality
C. Perpetual succession
D. Separate legal existence
Select an option to see the answer and solution.
Which of the following officers can sign on behalf of the company:
A. Managing Director
B. Auditor
C. Executive President
D. Secretary
Select an option to see the answer and solution.
Tax is calculated only on the value-addition at each stage of the transfer of ownership, in case of GST. This helps in reduction of inflation as well. It is basically called reduction of:
A. Cascading effect
B. Excise duty
C. Custom duty
D. Octroi duty
Select an option to see the answer and solution.
SGST is applicable when:
A. Goods are sold within a state
B. Goods are sold from one GST dealer to a customer
C. Goods are sold by a GST dealer to another GST dealer
D. Interstate supply
Select an option to see the answer and solution.