When is the promise said to be expressing Indian Contract Act?
A. When the proposal or acceptance of any promise is made in words
B. When the proposal or acceptance of any promise is made through visual representation
C. When the proposal or acceptance of any promise is made in any way other than words
D. When the proposal or acceptance is made by either in words or in any way other than words
Select an option to see the answer and solution.
Which of the following section defines unpaid seller?
A. Section 45
B. Section 46
C. Section 47
D. Section 48
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How many number of days for notice is to be given to CCI while an enterprise proposes to enter into a combination, as per the Competition Act, 2002.
A. 7 days
B. 15 days
C. 30 days
D. 45 days
Select an option to see the answer and solution.
As per Section 2(H), public authority means any authority or body or institution of self-government established or constituted
1. by or under the Constitution.
2. by any other law made by Parliament.
3. by any other law made by State Legislature.
4. by notification issued or order made by the appropriate government.
Choose the correct answer
A. 1, 2 and 3
B. 1, 2 and 4
C. 1, 3 and 4
D. All of the above
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Who among the following is not competent to contract?
A. Person who has acquired the age of 18
B. Person who has acquired the age of 16
C. Person is of sound mind
D. Person who is disqualified from contracting by any law
Select an option to see the answer and solution.
A company Secretary has the right:
A. to sell or purchase goods for the company
B. not to sell or purchase goods for the company
C. to get consturcted the buildings of the company
D. none of the above
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Under section 118 of the Negotiable Instruments Act, 1881, it is presumed, until the contrary is proved, that every transfer of a negotiable instrument was made:
A. after its maturity
B. before its maturity
C. at its maturity
D. none of the above
Select an option to see the answer and solution.
A voluntary winding-upmeans winding-up by
A. members or creditors
B. members or contributors
C. creditors or contributors
D. shareholders or Tribunal
Select an option to see the answer and solution.
A company secretary is competent to call:
A. Board of director's meeting
B. Annual general meeting
C. Creditor's meeting
D. Extra ordinary general meeting
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The major amendments to IT Act 2000 were introduced in the form of IT (amendment) Act 2008, which came into effect on:
A. 27th October, 2009
B. 27th October, 2008
C. 1st June, 2008
D. 3rd July, 2009
Select an option to see the answer and solution.
The prospectus, issued in order to test the market before finalising issue size/price is known as
A. deemed prospectus
B. shelf prospectus
C. red herring prospectus
D. None of the above
Select an option to see the answer and solution.
Which of the following statement is correct with regard to the termination of agency in which the agent himself has an interest in the subject matter?
A. Such an agency can be terminated by the principal at his will
B. Such an agency can be terminated on the death or insanity of the principal
C. Such an agency cannot be terminated at all
D. Such an agency can be terminated only upon an express contract to the said effect
Select an option to see the answer and solution.
IGST deals with:
A. Composition scheme
B. Time of supply
C. Service tax on imported services
D. All of the above
Select an option to see the answer and solution.
Dividend irrelevance argument of MM Model is based on:
A. Hedging
B. Issue of Debentures
C. Liquidity
D. Arbitrage
Select an option to see the answer and solution.
Directors need not retire in:
A. Public enterprise
B. Cooperative enterprise
C. Public company
D. Private company
Select an option to see the answer and solution.
What is the time limit to get the information concerning the life and liberty of a person?
A. 48 hours
B. 24 hours
C. 5 days
D. 10 days
Select an option to see the answer and solution.
Which of the following does NOT come under the definition of 'information' as per the Right to Information Act (RTI Act), 2005?
A. Logbooks
B. Data material held in electronic from
C. File noting
D. Circular
Select an option to see the answer and solution.
How many directors of a public company, unless the articles provide otherwise, must be appointed by the company in general meeting?
A. All the directors
B. One-half of the directors
C. Two-third of the director
D. Three-fourth of the directors
Select an option to see the answer and solution.
In a public limited company the minimum number of directors is:
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The appropriate sequence of the formation of a company are in the following order:
A. Promotion, commencement of business and incorporation
B. Promotion, incorporation, capital subscription and commencement of business
C. Capital subscription, promotion, incorporation and commencement of business
D. Incorporation, capital subscription, commencement of business and promotion
Select an option to see the answer and solution.