Question:

A company cannot remove a director appointed

A.

at the annual general meeting

B.

at the extra ordinary general meeting

C.

by the promoter

D.

by the tribunal

Answer» d. by the tribunal

Question:

Workers will be entitled to overtime wages if they have worked for more than____________.

A.

Forty-eight hours in any four week

B.

Forty-eight hours in any three week

C.

Forty-eight hours in any two week

D.

Forty-eight hours in any week

Answer» d. Forty-eight hours in any week

Question:

Every employee shall be entitled to receive bonus from his employer in anaccounting year if he has worked for not less than

A.

Ten working days

B.

Twenty working days

C.

Thirty working days

D.

Forty working days

Answer» c. Thirty working days

Question:

In case of a private company, mention the number of members personally present toform the quorum of a meeting of the company.

A.

One member

B.

Two members

C.

Three members

D.

Four members

Answer» b. Two members

Question:

Under the Negotiable Instruments Act, 1881, whether acceptance of a bill of exchange in the following situation shall be treated as qualified acceptance where the acceptor

A.

undertakes to pay only `10,000 for a bill drawn for `15,000.

B.

declares the payment to be independent of any other event.

C.

writes, ‘Accepted, payable at ABC Bank’.

D.

writes, ‘Accepted, payable at Delhi’.

Answer» a. undertakes to pay only `10,000 for a bill drawn for `15,000.

Question:

The sweat equity shares shall be locked in for a period of __________ years from thedate of allotment.

A.

One

B.

Two

C.

Three

D.

Four

Answer» c. Three

Question:

Which of the following reason is applicable for unethical business practices?

A.

Workplace Surveillance

B.

Profit making by some of the big companies

C.

Success of the company

D.

Administrative corruption

Answer» d. Administrative corruption

Question:

In the absence of Partnership agreement, the Partner has

A.

right to avail interest on advances paid to partnership firm.

B.

right to avail interest on advances paid to partnership firm provided there is profit.

C.

no right to avail interest on advances.

D.

right to avail interest on advances even after dissolution of the firm.

Answer» a. right to avail interest on advances paid to partnership firm.

Question:

Power to exempt any LLP or class of LLP for audits of accounts is with

A.

Inspector

B.

Central Government

C.

Any other regulatory authority

D.

None of the above

Answer» b. Central Government

Question:

Business ethics are needed to create a faith about the quality, quantity, price etc. of products. The customers have more trust and faith in the businessmen who follow ethical rules. They feel that such businessmen would not cheat them. Which one of the following is appropriate for it?

A.

Safeguarding consumers right

B.

Improve customers confidence

C.

Survival of business

D.

Consumer movement

Answer» b. Improve customers confidence