Which of the following section of sale of goods act deals with right of stoppage in transit?
A. Section 50
B. Section 47
C. Section 48
D. Section 49
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What is the number of days, after giving notice to CCI, an enterprise can enter into a combination, as per the Competition Act, 2002?
A. 60 days
B. 180 days
C. 210 days
D. 240 days
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Minimum number of members in case of public company.
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Which documents contains the regulations relating to the internal management of a company?
A. Memorandum of Association
B. Articles of Association
C. Both A and B
D. None
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One among the following is not coming under the rights of a company secretary:
A. Right to control and supervise the working of his department
B. Right to sign a document
C. Right to be indemnified by the company for any loss suffered
D. Right to borrow money on behalf of the company
E. Right to receive remuneration even at the time of winding up of the company as a preferential creditor
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Which of the following is the oldest convention for patent protection?
A. TRIPs
B. Rome convention
C. Berne convention
D. Paris convention
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Who is the Vice Chairperson of GST Council?
A. Union Minister of State in charge of Revenue of Finance
B. Any State Finance Minister
C. Nominated by Govt
D. Selected by the Council from Members
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An unpaid seller has right to retain the goods until price of the goods is paid. This right is called
A. lien
B. stoppage in transit
C. pledge
D. None of the above
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Statement containing details of items to be considered in a meeting is called
A. Resolution
B. Agenda
C. Notice
D. Minutes
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Which one of the following is not the advantage of office manuals?
A. Saving of time of supervisors
B. Improvement of employee morale
C. Management by exception
D. Promotion of team work
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Whose association can be taken as an cartel?
A. Supplier
B. Distributor
C. Trader
D. All of these
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Share capital of a company may be reduced by:
A. a resolution of the board of directors
B. an ordinary resolution
C. a special resolution and permission from company Law Board
D. permission of the company Law Board
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Which of the following law contains law relating to promissory note, bill of exchange and cheque?
A. Negotiable Instrument Act
B. Reserve Bank of India Act
C. Contract Act
D. All of the above
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The outsiders dealing with the company in good faith have the right to presume that the company has duly completed all the formalities, is a principle of:
A. Good faith
B. Indoor Management
C. Constructive notice
D. Ultra vires
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When a party liable under a negotiable instrument, makes payment in due course, the instrument is
A. discharged
B. released
C. altered
D. None of these
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Which among the following act, is not amended in Information Technology Act, 2000?
A. The Banker's Books Evidence Act, 1891
B. BSNL IT Policy
C. RBI Act, 1934
D. The Indian Evidence Act, 1872
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When two or more existing companies go into liquidation and a new company is formed to take over their business it is called:
A. Amalgamation
B. Absorption
C. External reconstruction
D. Liquidator
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Unpaid seller is a seller who has not been
A. paid whole of the price
B. tendered whole of the price
C. Both A and B
D. Neither A nor B
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The first meeting of the company after incorporation is
A. AGM
B. extra ordinary meeting
C. statutory meeting
D. class meeting
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If a person who is incapable of entering into a contract is supplied with necessaries by another person, then the latter shall:
A. be reimbursed for such supplies by a relative of the incapable person and that relative must be capable of contracting
B. be reimbursed for such supplies from the property of such incapable person
C. not entitled to be reimbursed at all
D. None of the above
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