Question:

Anusua and Shrita formed a partnership to undertake a construction of a shoppingcomplex in New Delhi. This partnership is called

A.

Partnership at will

B.

Particular partnership

C.

Unlimited partnership

D.

Partnership with undefined mission

Answer» b. Particular partnership

Question:

The board of directors may appoint additional directors from time to time if soauthorized by

A.

Articles of Association

B.

Memorandum of Association

C.

A resolution passed at general meeting

D.

A resolution passed at board meeting

Answer» a. Articles of Association

Question:

Every inspector appointed under the Factories Act or Payment of Wages Act isdeemed to be a

A.

Controlling Officer

B.

Labour Welfare Officer

C.

Honorary Magistrate

D.

A Public Servant

Answer» d. A Public Servant

Question:

In the case of an adjourned meeting the company shall give not less than _____notice to the members.

A.

1 day

B.

3 days

C.

7 days

D.

None of the above.

Answer» b. 3 days

Question:

A firm shall not contain any name-

A.

King

B.

Queen

C.

Empire

D.

All of the above

Answer» d. All of the above

Question:

Which of the following is not a valid medium of sending notice to all shareholders?

A.

By registered post or speed post

B.

Through public advertisement

C.

Through registered email-id

D.

Through courier service

Answer» b. Through public advertisement

Question:

Business ethics are gaining importance because of

A.

smooth functioning

B.

good image

C.

the growth of consumer movement

D.

increasing profit

Answer» c. the growth of consumer movement

Question:

Businessmen or industrialists take initiative to form new companies. Their mainfunction is to manage the company after its promotion, they are known as

A.

Particular Promoters

B.

Occasional Promoters

C.

Professional Promoters

D.

General Promoters

Answer» d. General Promoters

Question:

The Employees’ State Insurance Corporation is

A.

Hindu Undivided Family

B.

Local Authority

C.

Charitable Institution

D.

Body Corporate

Answer» d. Body Corporate

Question:

To resolve the Ethical Conflict, following should not be considered.

A.

Relevant facts

B.

Alternative Course of action

C.

Arms Length

D.

Ethical issues involved

Answer» c. Arms Length