MCQ on Law

MCQ on Law

24. Company will have fundamental rights.

a) True                                                                         b) False

 

25.  XYZ Company shares are totally held by government. The company will be government. a) True       b) False

 

26. If the company failed to refund application money with in 130 days from the date of issue of prospectus on non­receipt of minimum subscription who will be personally liable.

a) Company                       b) Directors                       c) Shareholders                 d) None of these

 

27. Transfer of shares in the company is

a) Restricted                      b) Freely transferable        c) Prohibited                      d) None of these

 

28. Transfer of shares in the partnership firm is

a) Restricted                      b) Freely transferable        c) Prohibited                      d) None of these

 

29. Generally Company liability is

a) Limited                          b) Unlimited                      c) Situation does not arise

 

30. Generally partnership firm liability is

a) Limited                          b) Unlimited                      c) Situation does not arise

 

31. Can the partners enter into the contract with the firm?

a) Yes                                                                           b) No

 

32. Partners are ­­­­­­­­ of the firm

a) Owners                          b) Employers                     c) Agents                           d) None of these

 

33. XYZ private company had reduced to a single member and continued business more than 6 months. The company’s liability will be.

a) Limited                          b) Unlimited                      c) None of the above.

 

34. In the case of partnership firm. Audit is

a) Compulsory                   b) Optional                        c) None of the above.

 

35. In the case of Company. Audit is

a) Compulsory                   b) Optional                        c) None of the above

 

36. X Company is holding majority of shares in Y company. Will X and Y companies will be the same. a) Yes      b) No

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