Who is the Chairperson of GST Council?
A. Union Finance Minister
B. Always nominated by the Government
C. Always nominated by Council
D. Always elected by President
Select an option to see the answer and solution.
"While inquiring into a complaint, Information commission have the power to"
1. summon and enforce attendance of persons.
2. compel them to give evidence on oath and produce documents or things.
3. require discovery and inspection of documents.
Choose the correct answer
A. Only 1
B. Only 2
C. Only 3
D. All of the above
Select an option to see the answer and solution.
A private limited company:
A. Must hold Statutory Meeting within one year of the certificate of incorporation
B. Must hold Statutory Meeting within six months of the certificate of incorporation
C. Must hold Statutory Meeting within 3 months of the certificate of Commencement of Business
D. Neet not hold Statutory Meeting
Select an option to see the answer and solution.
The Second Schedule of the RTI Act, 2005 can be amended by
A. Central Govt
B. State
C. Both A and B
D. None
Select an option to see the answer and solution.
Match the following.
List-I (Sections)
List-II (Explanation)
a. Section 68
1. Liability of finder of goods
b. Section 69
2. Supply of necessaries to incompetent person
c. Section 70
3. Payment made by interested persons
d. Section 71
4. Compensation for non-gratuitous acts
A. a-1, b-2, c-3, d-4
B. a-2, b-3, c-4, d-1
C. a-3, b-2, c-1, d-4
D. a-3, b-4, c-2, d-1
Select an option to see the answer and solution.
The doctrine of internal management states that
A. The directors of the company should perform the business of the company with the permission of the shareholders
B. The director is free to do internal administration of the company as per his choice
C. External persons should not interfere in the internal affairs of the company
D. Outsiders dealing with the company have the right to assume that the company has fully complied with the provision of article of association
Select an option to see the answer and solution.
The guarantor's right to indemnifications a right to be reimbursed.
Statement I The amount which is actually paid for the principal debtor with interest.
Statement II Because, he is entitled to full indemnification from the principal debtor.
A. Statement I is true, but Statement II is false
B. Statement I is false, but Statement II is true
C. Both statements are true
D. Both statements are false
Select an option to see the answer and solution.
A contract containing an undertaking to do an impossible act, is
A. void ab initio
B. voidable
C. valid
D. illegal
Select an option to see the answer and solution.
In India, the literary work is protected until
A. lifetime of author
B. 25 years after the death of author
C. 40 years after the death of author
D. 60 years after the death of author
Select an option to see the answer and solution.
Which of the following area is not regulated by Competition Act, 2002?
A. Anti-competitive agreements
B. Predatory pricing
C. Medical negligence
D. Abuse of dominant position
Select an option to see the answer and solution.
Where seller wrongfully neglects or refuses to deliver goods to buyer, the buyer may sue for
A. non-delivery of goods
B. possession of goods
C. compensation
D. All of these
Select an option to see the answer and solution.
"Principle of constructive notice" applies to:
A. Registrar of companies
B. Outside persons dealing with companies
C. Middle level management
D. None of the above
Select an option to see the answer and solution.
'Right to Information' includes the right to obtaining information in the form of
A. diskettes
B. floppies
C. tapes
D. All of these
Select an option to see the answer and solution.
Within how many days from the date of registration the first auditor of the company should be appointed?
Select an option to see the answer and solution.
Find out the correct one:
A. Writing, registration and legal formalities forms an essential element of a contract
B. Registration is compulsory in partnership contract
C. Registration is not mandatory in case of documents falling within the parview of Sec. 17 of the Registration Act
D. Possibility of performance clause is not applicable in the essential elements of a contract
E. Whenever one or more persons promise to one or others to do or not to do something is known as contract
Select an option to see the answer and solution.
Under the Companies Act 1956 'Provision' means retaining profits for:
A. Any known liability the amount of which can be ascertained with substantial accuracy
B. Any known liability the amount of which cannot be ascertained with substantial accuracy
C. Any unknown liability
D. Any general or specific purpose
Select an option to see the answer and solution.
Name of a company can be changed by:
OR
A company can change its name by:
A. An ordinary resolution
B. A special resolution
C. On approval of the central government
D. A special resolution and with approval of the central government
Select an option to see the answer and solution.
Qualification shares' are prescribed for
A. Officers of the Company
B. Directors the Company
C. Creditors the Company
D. Auditors of the Company
Select an option to see the answer and solution.
Under GST law, compensation cess is applicable on:
A. Luxury articles and demerit goods
B. All goods
C. Petroleum products and Alcohol
D. Consumer goods
Select an option to see the answer and solution.
The optimum capital structure of a company is planned as per considerations of
(I) Profitability
(II) Solvency
(III) Marketability of shares
(IV) Control
A. I, II and IV only
B. II, III and IV only
C. I and II only
D. III and IV only
Select an option to see the answer and solution.