Industry Ethics And Legal Issues MCQ's with Answers
set V
Q1. Which company shares can be freely transferable
a) Private Company
b) Public Company
c) Both (a) & (b)
d) None of the above
Answer is a) Private Company
Q2. Minimum number of members in case of public company
a) 1
b) 2
c) 5
d) 7
Answer is d) 7
Q3. Minimum number of members in case of private company is
a) 1
b) 2
c) 3
d) 5
Answer is b) 2
Q4. Maximum no. of members in case of private company is
a) 50
b) 100
c) 150
d) 200
Answer is d) 200
Q5. Maximum no .of members in case of public company is
a) 1
b) unlimited
c) 50
d) 100
Answer is b) unlimited
Q6. Minimum subscription should be received with in ______ days
a) 130
b) 125
c) 120
d) 135
Answer is c) 120
Q7. How many months did the company can continue its business u/s 45 _______
a) 1
b) 2
c) 5
d) 6
Answer is d) 6
Q8. Which cellular services telecom company announced the Mobile for Good Awards 2016 in partnership with NASSCOM foundation?
a) Vodafone Foundation
b) Airtel Foundation
c) Idea Foundation
d) None of the above
Answer is a) Vodafone Foundation
Q9 A person cannot be a director of more than ______ as per the Companies (Amendment) Act, 2000.
a) 5 companies.
b) 10 companies.
c) 15 companies.
d) 20 companies.
Answer is c) 15 companies.
Q10. According to the companies Act, 1956 a Private limited company must have at least ______ directors.
a) Seven.
b) Three.
c) Two.
d) One.
Answer is c) Two.
Q11. Who may be appointed as a director of a company?
a) An individual.
b) A body corporate.
c) A firm.
d) An association.
Answer is a) An individual.
Q12. According to section 255 of the companies Act, the Directors must be appointed by the.
a) Central Government.
b) Company Law Tribunal.
c) Company in General Meeting.
d) Board of Directors.
Answer is c) Company in General Meeting.
Q13.The parties involved in franchise business are
a) 1
b) 2
c) 3
d) 5
Ans is b) 2
Q14. The right to control your own personal information is the right of:
a) Access
b) Security
c) Privacy
d) None of the above
Ans is c) Privacy
Q15. What type of cyber-crime, its laws and punishments do section 66 of the lndian IT Act holds?
a) Cracking or illegally hack into any system
b) Putting antivirus into the victim
c) Stealing data
d) Stealing hardware components
Ans is a) Cracking or illegally hack into any system
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