Business Law MCQS With Answers 231 to 240

 

Business Law

231. The auditor of government company is appointed by the ______________ of India

1. High court
2. Supreme court
3. State legislative
4. Controller and Auditor General.

Correct answer: (D)
Controller and Auditor General.

232. If the company’s Act go beyond the provisions of the Memorandum, its act will be ______________

1. Constructive notice
2. Circular
3. Ultra virus
4. None of the above

Correct answer: (C)
Ultra virus

233. Every share holder of a company is also known as ______________

1. Member
2. Partner
3. Director
4. All of the above

Correct answer: (A)
Member

234. Articles of association adopt the rules and regulations contained in ______________ of schedule I of the companies Act

1. Table C
2. Table D
3. Table A
4. Table B

Correct answer: (C)
Table A

235. A ______________ may be defined as a person having aontrol over the affairs, conduct and management of a company.

1. Share holders
2. Director
3. Body Corporate
4. Member

Correct answer: (B)
Director

236. The managing directors hold the ______________ shares of the company.

1. Deemed
2. Equity
3. Qualification
4. Preference

Correct answer: (C)
Qualification

237. A meeting of Board of Directors shall be held at least ______________

1. One month
2. Once in every 3 months and at least 4 such meetings shall be held every year.
3. Two month
4. 4 months and at least 3 such meetings must be held in every year.

Correct answer: (B)
Once in every 3 months and at least 4 such meetings shall be held every year.

238. When a director voluntarily remains absent from the three consecutive meetings of the Board of Directors, and

1. He become liable to be punished with @Rs.500 for every default
2. He is disqualified for becoming a director of any company
3. His office falls vacant
4. None of the above

Correct answer: (C)
His office falls vacant

239. The first annual general meeting of the company must be held within ______________

1. 6 months of incorporation
2. 6 months from the date at which the company’s entitled to start its business
3. 18 months from the date at which the company is entitled to start its business
4. 18 months of incorporation.

Correct answer: (D)
18 months of incorporation.

240. The chairman of the company has ______________ vote

1. 1
2. 3
3. 2
4. None of these.

Correct answer: (C)
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