1. What are the limits of number of members in a Private Company? (a) Fifty (b) Seven (c) Twenty (d) Two hundred Answer: D 2. If XYZ is the holding company of P&R Ltd. then, which of the following statement is not true in this regard. (a) XYZ Ltd. controls the composition of Board of…
1. How many members should sign the MOA in case of public company? (a) 1 (b) 5 (c) 3 (d) 7 Answer: D 2. —————-conceives the idea of the business. (a) Promoters (b) Auditors (c) Directors (d) Shareholders Answer: A 3. Shares of company are freely transferable. (a) Private company (b) Public company (c) Both (a) & (b)…
1. Which of the following statements is not true? (a) A company is an artificial person created by law. (b) A company can do every act like a natural person except the acts which are purely of personal nature. (c) A company can be held liable for violation of the statutory provisions of the Companies…
1. ……….. are words, which appear innocent, but have a latent defamatory meaning (a) Libel (b) Slander (c) Innuendo (d) None of the above Ans. (c) 2. Unliquidated damages mean (a) Damage to something solid. (b) Damage caused by a firm which has gone in liquidation (c) Damage to a firm in the hands of receivers. (d) Damage to…
1. Indian financial system comprises of both ———————-and ———————-sector. Ans. organized and Unorganized sector. 2. SEBI was given legal status in the year————-set up in1988 Ans . 1992 3. Non-banking assets and Non-performing assets are synonymous term. (True or False) 4. The Indian money market does not deal in cash or money but in promissory notes,…
What is budget? Budget is the annual financial statement of the estimated receipts and expenditure of the government for the particular year. It is legal document because legislature passed it and the President approved it. The prime motive of Government financial management is to determine how adequately the financial and resource management responsibilities have been…
Q 1. Output means . ……………unless stated otherwise (a) Gross output at MP (b) Net output at MP (c) Gross output at FC (d) None Ans: A Q.2 Which of the following is not a component of domestic income ? (a) Operating surplus (b) Compensation of employees (c) Net factor income from abroad (d) Mixed…
1 1. Normally a demand curve will have the shape: A Horizontal B Vertical C Downward sloping D Upward sloping Answer: Downward sloping 2. Which one is the assumption of law of demand? A Price of the commodity should not change B Quantity demanded should not change C Prices of substitutes should not change D Demand curve must be linear Answer: Prices of substitutes should…
1.An agreement consists of reciprocal promises between at least (a) four parties. (b) six parties. (c) three parties. (d) two parties. Answer – d 2. Every promise and every set of promise forming the consideration for each other is a/an (a) contract. (b) agreement. (c) offer. (d) acceptance. Answer – b 3. Contract is defined as an agreement enforceable by law, vide Section … of…
Constitution is the Fundamental Law of any country which sets out the framework and the principal functions of various organs of the government. At present, the Constitution of India contains 448 Articles in 25 Parts and 12 Schedules. However, there are multiple features of the Constitution, namely Secular State, Federalism, Parliamentary Government, Fundamental Rights and…
