Question:

Business ethics is based on well accepted

A.

Moral and Social Values

B.

Social Values only

C.

Moral Values only

D.

None of the above

Answer» a. Moral and Social Values

Question:

Section 7(4) of Companies Act, 2013 provides that the company shall maintain and preserve copies of all documents and information as originally filed with the registrar till it’s ______________ under this Act.

A.

Incorporation

B.

Commencement

C.

Dissolution

D.

None of the above

Answer» c. Dissolution

Question:

A person who is not a partner of a Partnership Firm, but he may liable for firm’s debt asif he was a Partner. Such a person is called

A.

Nominal Partner

B.

Sleeping Partner

C.

Partner by estoppels

D.

Partner for profit only

Answer» c. Partner by estoppels

Question:

In case of contractual obligations where the promisor dies before performance:

A.

The legal representatives of the promisor must perform the promise

B.

The legal representatives of the promisor must perform the promise provided it is not one dependent on the personal qualifications of the promisor

C.

The legal representatives may not perform the promise

D.

The legal representatives are not liable to pay damages for nonperformance of the promise.

Answer» d. The legal representatives are not liable to pay damages for nonperformance of the promise.

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