Legal Aspects Of Business - Practice Test

[#206] Which of the following statements is construed to be false?

(A) A person eligible to be appointed as a liquidator shall be considered independent if he is eligible to be appointed as an independent director under Section 149 of Companies Act, 2013 if the corporate person is a company

(B) A person eligible to be appointed as a liquidator shall be considered independent if he is not a related party of the corporate person

(C) A person eligible to be appointed as a liquidator shall be considered independent if he has been an employee or proprietor or partner of a firm of auditors

(D) A person eligible to be appointed as a liquidator shall be considered independent if he has not been an employee or proprietor or partner of legal firm contributing 10% or more of the gross turnover of such firm.

Correct Answer

(C) A person eligible to be appointed as a liquidator shall be considered independent if he has been an employee or proprietor or partner of a firm of auditors

[#207] The area of intellectual property includes 1. copyrights and related rights. 2. trademarks including service marks. 3. industrial designs 4. the lay-out designs of integrated circuits. Select the correct answer

(A) Only 1

(B) Both 1 and 2

(C) 1, 2 and 3

(D) All of the above

Correct Answer

(C) 1, 2 and 3

[#208] GSTIN is GST identification number or GST number. A GSTIN is a PAN-based unique identification number allotted to every registered person under GST. What are the total number of digits in GSTIN?

(A) 10

(B) 12

(C) 15

(D) 18

Correct Answer

(C) 15

[#209] The details of outward supplies of goods or services shall be submitted by

(A) 10 th of the succeeding month

(B) 15 th of the succeeding month

(C) 18 th of the succeeding month

(D) 20 th of the succeeding month

Correct Answer

(A) 10 th of the succeeding month

[#210] What protects the intellectual property created by designers?

(A) Copyright

(B) Geographical indications

(C) Patents

(D) Registered designs

Correct Answer

(D) Registered designs

Legal Aspects Of Business - Study Mode

[#206] Which of the following statements is construed to be false?

Correct Answer

[#207] The area of intellectual property includes 1. copyrights and related rights. 2. trademarks including service marks. 3. industrial designs 4. the lay-out designs of integrated circuits. Select the correct answer

Correct Answer

[#208] GSTIN is GST identification number or GST number. A GSTIN is a PAN-based unique identification number allotted to every registered person under GST. What are the total number of digits in GSTIN?

Correct Answer

[#209] The details of outward supplies of goods or services shall be submitted by

Correct Answer

[#210] What protects the intellectual property created by designers?

Correct Answer