Legal Aspects Of Business - Practice Test

[#1016] Shares of public company are allotted by

(A) Shareholders

(B) Board of directors

(C) Managing director

(D) Government

Correct Answer

(B) Board of directors

[#1017] The main objective of GST to . . . . . . . . excessive taxation.

(A) exempt

(B) exclude

(C) eliminate

(D) None

Correct Answer

(C) eliminate

[#1018] What is consent under the Indian Contract Act, 1872?

(A) When acceptance of proposal is made by the party to whom the proposal is made

(B) When the acceptance is made by another person other than the person to whom the proposal is made

(C) When they agree upon the same thing in the same sense

(D) When both the parties agree upon a thing in the way it is understood by them

Correct Answer

(C) When they agree upon the same thing in the same sense

[#1019] Which documents contains the constitution of a company?

(A) Memorandum of Association

(B) Articles of Association

(C) Both A and B

(D) None of these

Correct Answer

(A) Memorandum of Association

[#1020] An applicant making request for information

(A) shall be given the reason why the information sought for

(B) shall be given the personal details of the applicant

(C) shall not be given any reason for requesting the information or any other personal details except those that may be necessary for contacting him

(D) None of the above

Correct Answer

(C) shall not be given any reason for requesting the information or any other personal details except those that may be necessary for contacting him

Legal Aspects Of Business - Study Mode

[#1016] Shares of public company are allotted by

Correct Answer

[#1017] The main objective of GST to . . . . . . . . excessive taxation.

Correct Answer

[#1018] What is consent under the Indian Contract Act, 1872?

Correct Answer

[#1019] Which documents contains the constitution of a company?

Correct Answer

[#1020] An applicant making request for information

Correct Answer