Vidyalelo
Commerce · all questions

Legal Aspects of Business
practice.

Practice every MCQ with options. Use Show answers when you want the correct option and solution.

1,066

Questions

18/54

Page

Pick an option on a question to see the right answer and solution.

The main objective of GST to . . . . . . . . excessive taxation.

Select an option to see the answer and solution.

What is consent under the Indian Contract Act, 1872?

Select an option to see the answer and solution.

Which documents contains the constitution of a company?

Select an option to see the answer and solution.

An applicant making request for information

Select an option to see the answer and solution.

According to Section 4 of Negotiable Instrument Act, this is an instrument in writing (note being a bank-note or a currency note) containing an unconditional undertaking, signed by the maker, to pay a certain sum of money to or to the order of a certain person, or to the bearer of the instruments. Which instrument is being talked here?

Select an option to see the answer and solution.

World Intellectual Property Organization was set up in the year 1970. The headquarters of the company are in:

Select an option to see the answer and solution.

An organization running a business has the following attributes: the assets belong to the organization, it can create a floating charge over its assets, change in membership does not alter its existence, and members cannot transfer their interests to others. What type of organization is it?

Select an option to see the answer and solution.

Compulsory winding-up means winding-up by

Select an option to see the answer and solution.

A company is managed by:

Select an option to see the answer and solution.

When there is breach of contract, the party which aggrieved by breach is entitled for

Select an option to see the answer and solution.

The registered office clause of memorandum of association contains:

Select an option to see the answer and solution.

What is the penalty for publishing images of a person's private parts without consent, as per IT Act 2000?

Select an option to see the answer and solution.

GST was implemented through 122nd Constitution Amendment Bill in 2016. As a result of constitution amendment for GST a Separate List, which of the following article has been inserted in the constitution?

Select an option to see the answer and solution.

Contracts made after incorporation but before the grant of certificate of commencement of business are known as
1. provisional contracts
2. pre-incorporation contracts
3. preliminary contract
Select the correct answer

Select an option to see the answer and solution.

Goods and Service Tax council referred in which section:

Select an option to see the answer and solution.

Which of the following statements are correct?
1. Dividend payout ratio refers to that portion of total earnings which is distributed among equity shareholders of the company
2. 'Bird in hand' argument is given by Gordon's model
3. MM model suggest that dividend payment is very relevant for value of the firm
4. Walter's Model suggests that dividend payment does not affect the market price of the share

Select an option to see the answer and solution.

Which of the following constitute an important consideration for grant of patent for an invention?

Select an option to see the answer and solution.

The Tax IGST is charged by . . . . . . . . Government.

Select an option to see the answer and solution.

Which of the following statements are true in case of appointment of directors?
1. A company can appoint maximum fifteen directors.
2. A company may appoint more than fifteen directors after passing a special resolution in general meeting.
3. The approval of Central Government is not required in case some enhancement is done in case of directors.

Select an option to see the answer and solution.

Mention the number of methods for winding up of a company?

Select an option to see the answer and solution.