Question:

Every employee shall be entitled to receive bonus from his employer in

A.

a financial year

B.

an accounting year

C.

a calendar year

D.

a manufacturing year

Answer» b. an accounting year

Question:

The Payment of Bonus Act 1965 extends to:

A.

The whole of India

B.

The whole of India except Jammu & Kashmir

C.

The whole of India except Kerala

D.

The whole of India except Jammu & Kashmir and Kerala

Answer» a. The whole of India

Question:

The time limit for making bonus payment is-

A.

Within a period of one month from the close of the accounting year

B.

Within a period of three months from the close of the accounting year

C.

Within a period of six months from the close of the accounting year

D.

Within a period of eight months from the close of the accounting year.

Answer» d. Within a period of eight months from the close of the accounting year.

Question:

Ankit purchased goods worth ` 20,000 from Anuj. In lieu of cash payment, Ankit accepted a bill of exchange of ` 20,000 to be payable after three months. This is an example of

A.

Accommodation Bill

B.

Fictitious Bill

C.

Genuine Bill

D.

Documentary Bill

Answer» c. Genuine Bill

Question:

In case of banker’s refusal to honour the cheque inspite of sufficient funds incustomer’s account, the banker is

A.

liable to compensate the drawer.

B.

not liable to compensate the drawer .

C.

criminally liable under section 138.

D.

liable to be delisted.

Answer» a. liable to compensate the drawer.

Question:

Ethics is a set of _________ of human conduct that govern the behavior of individualsor organizations.

A.

Principles

B.

Standards

C.

Principles or standards

D.

None of the above

Answer» c. Principles or standards

Question:

In case of unlisted company the duplicate share certificate shall be issued within aperiod of-

A.

45 days

B.

3 months

C.

6 months

D.

None of the above

Answer» b. 3 months

Question:

If part of contract is illegal, then the whole contract will be

A.

Voidable

B.

Void

C.

Legal

D.

Illegal

Answer» b. Void

Question:

Every member of a company listed by shares and holding equity share capital shall have the right to _____________ on every _____________ placed before the company.

A.

vote; resolution

B.

Speak; agenda

C.

Speak; resolution

D.

Any of the above.

Answer» a. vote; resolution

Question:

No fine can be imposed on any employed person who is under the age of

A.

10

B.

12

C.

15

D.

18

Answer» c. 15