SYBCOM Business Law MCQ with Answers Sem 4: Mumbai University

SYBCOM Business Law MCQ with Answers Sem 4

When one company controls the composition of the directors of another
company is called a________company.

  1. Dormant
  2. Subsidiary
  3. Holding
  4. Associate

Amount of share capital with which company is to be registered is________clause

  1. Name
  2. Object
  3. Subscription
  4. Capital

A public company should issue prospectus within___________days after registration with Registrar.

  1. 30
  2. 45
  3. 60
  4. 90

Provisions for private placement is made in Section____________of the Companies Act, 2013.

  1. 41
  2. 42
  3. 43
  4. 44

In case of the private placement, allotment of securities has to be made within__________days from the date of receipt of application.

  1. 30
  2. 60
  3. 120
  4. 180

Private placement offers cannot be made to more than_______persons in a financial year.

  1. 100
  2. 200
  3. 50
  4. 25

_______________prospectus does not contain all particulars.

  1. Shelf
  2. Red herring
  3. Abridged
  4. Deemed

_____________prospectus means a memorandum containing such salient features of a prospectus as may be prescribed by SEBI.

  1. Shelf
  2. Red herring
  3. Abridged
  4. Deemed

The private placement is offered to__________group of persons.

  1. unascertained
  2. unspecified
  3. specified
  4. unknown

A_____________is not a member of a company.

  1. A subscriber to MoA
  2. Agreed in writing to
  3. Equity shareholder
  4. Creditor

A_____________can not become a member of the company.

  1. LLP
  2. Company
  3. Partnership firm
  4. Competent person

Register of Member has to be prepared in Form________.

  1. MGT-1
  2. MGT-2
  3. MGT-3
  4. MGT-4

__________is a prima facie evidence of, one being a member of a company.

  1. Books of Accounts
  2. Register of Debenture Holders
  3. Register of Charges
  4. Register of Members

Preference shares are to be___________within 20 years.

  1. cancelled
  2. sold
  3. destroyed
  4. redeemed

Right to receive notices of the meeting is a___________right of a member.

  1. Remedial
  2. Proprietory
  3. Statutory
  4. Documentary

Every company shall have at least one director who stays in India for a total period of not less than__________days during the financial year.

  1. 180
  2. 181
  3. 182
  4. 183

Every___________company must have at least one woman director.

  1. Public
  2. Private
  3. Listed
  4. Unlisted

____________director is a director appointed by the Board in place of original diector who is absent for more than 3 months.

  1. Nominee
  2. Alternate
  3. Woman
  4. Independent

A director who is neither a managing director nor a whole-time director and not even a nominee is a_________director.

  1. Executive
  2. Non-Executive
  3. Independent
  4. Alternate

First AGM must be held within___________months of the closing of the first financial year.

  1. 3
  2. 6
  3. 9
  4. 12

Minimum____________meeting of BOD must be held in a year.

  1. 3
  2. 4
  3. 5
  4. 6

Not more_______days shall intervene between two consecutive Board meetings.

  1. 50
  2. 100
  3. 120
  4. 180

In case of Board meeting___________days prior notice has to be given.

  1. 5
  2. 7
  3. 9
  4. 11

A person cannot act as a proxy for more than__________members.

  1. 25
  2. 30
  3. 45
  4. 50

The proxy forms must be submited_______hours before the meeting.

  1. 12
  2. 24
  3. 48
  4. 50

At any general meeting, a resolution put to the vote of the meeting shall in the first instance be decided on a_________.

  1. Show of hands
  2. Poll
  3. Postal Ballot
  4. E-voting

___________means complete breakdown or extinction of the relation o the partnership between all the partners of a firm.

  1. Ending
  2. Closure
  3. Winding-up
  4. Dissolution

A_________has to be given for dissolution of firm.

  1. TV advertisement
  2. brochure
  3. public notice
  4. radio announcement

Publication in_________is necessary for the dissolution of firm.

  1. Television
  2. Radio
  3. Journal
  4. Newspaper

In case of____________, all partners may consent for dissolution of firm.

  1. Dissolution by the intervention of court
  2. Voluntary dissolution
  3. Dissolution by operation of law
  4. Lockdown

When a partner becomes____________, the case of dissolution is instituted by a friend or other partners.

  1. unsound
  2. insolvent
  3. minor
  4. alien

Every partner continues to be_________to the third parties for acts of the firm even after dissolution untill public notice is given.

  1. answerable
  2. liable
  3. accountable
  4. responsible

When a business in partnership goes into loss and can’t be carried on further, the________can order for dissolution.

  1. Registrar of Firms
  2. Registrar of Companies
  3. Court
  4. NCLT

The contribution consists___________of a LLP.

  1. Liabilities
  2. Assets
  3. Debt
  4. Capital

A Limited Liability partnership is a_________separate from its partner’s.

  1. entity
  2. legal entity
  3. business
  4. illegal entity

An LLP has__________, which means changes in partners will not affect its existence.

  1. limited liability
  2. suing power
  3. perpetual succession
  4. contribution

Answer3
A            in LLP has to be individual only creditor debtor partner designated partner Answer4
“Vacancy of designated partner need to be filled within            days of
arising of the vacancy” 10 20 30 40 Answer3

“On conversion of a private company into LLP, all            can only be
partners and no one else” shareholders directors promoters employees Answer1
“On conversion of Partnership Firm into LLP, the LLP shall intimate
Registrar of Firms within              days of registration” 10 15 20 25 Answer2

“The consumer has a right to be        that the consumer’s interest will
receive due consideration at appropriate forums” Protected Heard Informed Educated Answer2

Minimum          meeting must be held by the District Council in a year 4 3 2 1 Answer3

“The basic object of three councils is to provide            on promotion and
protection of consumer rights” advice suggesstion view command Answer1

A complaint can be filed to redressal agencies within             1 year 2 years 3 years 4 years Answer2

”       includes any agreement requiring a purchaser of goods, as a
condition of such purchase, to purchase some other goods” Refusal to deal Tie-in agreement “Exclusive supply
agreement” “Resale price
maintenance” Answer2

”           is a situation in a market in which firms or sellers independntly
strive for buyers’ patronage in order to achieve a particular business” Competition Combination Corruption Consolidation Answer1

Competition Act aims to protect            interest consumer rate of compound simple Answer1
A            is established to prevent practices having adverse effect on competition “Election Commission of
India” “Competition Commission of
India” NITI Aayog “National Human Rights
Commission” Answer2

“When producers by an agreement among themselves control production
of goods it is known as            ” Cartel Carotin Crew Cable Answer1

”           type of agreements are entered by enterprise or persons in
identical business” Horizontal Vertical Diagonal Radial Answer1
is an agreement wherein geographical markets are allocated “Agreement to fix
prices” “Agreement to
share” “Agreement to
control” Bid rigging Answer2
In           , the purchaser of goods is required to purchase some other goods also “exclusive distribution
agreement” exclusive supply agreement tie-in arrangement refusal to deal Answer3
”           is an agreement restricting person to whom goods are sold or from
whom goods are purchased.” “Tie-in
arrangement” “Resale price
maintenance” “Exclusive supply
agreement” Refusal to deal Answer4

”           type of agreements are entered by enterprise or persons in
identical business” Horizontal Vertical Diagonal Radial Answer1
is an agreement wherein geographical markets are allocated “Agreement to fix
prices” “Agreement to
share” “Agreement to
control” Bid rigging Answer2
In           , the purchaser of goods is required to purchase some other goods also “exclusive distribution
agreement” exclusive supply agreement tie-in arrangement refusal to deal Answer3
”           is an agreement restricting person to whom goods are sold or from
whom goods are purchased.” “Tie-in
arrangement” “Resale price
maintenance” “Exclusive supply
agreement” Refusal to deal Answer4

The        was adopted in 1883. Berne Convention “Universal Copyright
Convention” The Paris Convention Patent Co- operation Treaty Answer3
The        gave recognition of copyrights for first time. Berne Convention “Universal Copyright
Convention” The Paris Convention Patent Co- operation Treaty Answer1
is developed by United Nations Educational, Scientific & Cultural Organisation Berne Convention “Universal Copyright
Convention” The Paris Convention Patent Co- operation Treaty Answer2
is the only global international organization dealing with the rules of trade between nations UNESCO United Nations World Intellectual Property Organisation World Trade Organisation Answer4

”       is the most comprehensive multilateral agreement on intellectual
property” TRIMS TRIPS GATT GATS Answer2
IPR grants a right of            to IPR holder Exclusivity Commonness Ordinariness Regularity Answer1
In intellectual property rights, property refers to            rights ownership hereditary documentary genetic Answer1

law is based on the concept of novelty. Copyright Trademark Design Patent Answer4
Use of patent by        constitutes infringement of the patent Patentee Assignee Licencee “Other than
patentee assignee and licencee” Answer4

“Opposition to grant patent can be made to the Controller within
months form date of advertisement” 2 4 6 8 Answer2

law is based on the concept of originality & reproduction of work like literary, dramatic, musical, artistic work, cinematography films, sound recording Copyright Trademark Design Patent Answer1
“Qualification for Copyright subsistence is that the work must be
published first in” India USA Japan Unted Kingdom Answer1
The term of copyrigt for Literary, dramatic, music or artistic work is Lifetime of author + years from the beginning of Calendar year following after author’s death 40 50 60 70 Answer3

“Granting license with regards to copyright is            right of copyright
holder” Moral right Exconomic right “Right of
assignment” Right to fair use Answer3
“For cinematographic films, the term of copyright is            years from the
beginning of the calender year in which the work was published” 50 60 70 80 Answer2

Bill Gates will get          for making a new computer programme Patents copyright trademark “geographical
indications” Answer2
law is based on the concept of distinctiveness & similarity of marks & goods Copyright Trademark Design Patent Answer2
For infringement of        law, civil and criminal remedies are available. Trademark Design Patent Design Answer1

“Property in trademark can be obtained by registration of the mark under
Trade Mark Act,        ” 1957 1970 1999 2002 Answer3

The rights for trade mark are granted for        years which is renewable 10 20 30 40 Answer1

CA in case of Chartered Accountant is a            mark service mark collective mark certification mark Image mark Answer2

 

One thought on “SYBCOM Business Law MCQ with Answers Sem 4: Mumbai University

  1. Thank you for various mcqs but last 20-25 questions are not understand bcz all question and answere are mixed plz check and correct tomorow my exam from idol

Post your Comment

Your email address will not be published. Required fields are marked *

1 × 4 =