Business Law MCQ Multiple Choice Questions - Page 3 for Practice
Business Law MCQ Questions for Practice
31. Minimum number of directors in case of a Public Company is
Correct Answer is: 3
32. Minimum number of members in case of Public Company?
Correct Answer is: 7
33. Negotiable Instrument is always given in lieu of valuable
Correct Answer is: Consideration
34. Partnership firm is separate legal entity from its partners. True or False.
Correct Answer is: False Statement
35. Person Named in the instrument to whom money is directed to be paid is known as
Correct Answer is: Payee
36. Private Companies raises its funds (Capital) through issue of prospectus by inviting public for Subscription. True or False
Correct Answer is: FALSE
37. Registered office of the company should be verified and such verification should be sent to registrar within.......Days of incorporation.
Correct Answer is: 30 days
38. Revocation of guarantee can be done by
Correct Answer is: All of the above
39. Surety for his possible loss can make..........for total debt or its part.
Correct Answer is: Contract of Indemnity
40. The Central Council shall convene at least...........meeting every year.
Correct Answer is: Two
41. The Complaint be in consumer within..............of cause occurred.
Correct Answer is: 2 year
42. The outsider or the 3rd party dealing with the company shall have knowledge of the MOA and AOA of the Company but they need not have knowledge process of Company, is called as
Correct Answer is: Doctrine of Ultra Virus
43. The person whose loss is bear by promiser is known as
Correct Answer is: Indemnifier
44. The property in a negotiable instrument passes to a..........transferee for value.
Correct Answer is: Bona fide
45. The right to retain the goods, till the demands are unsatisfied is called
