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This set of Management information system Multiple Choice Questions & Answers (MCQs) focuses on Management Information System Set 14

Q1 | __________ is the executive authority of the company.
  • Partner
  • Shareholders
  • Board of Directors
  • Expert
Q2 | A meeting of Board of directors shall be held at least ____________
  • One month
  • Once in every 3 months and at least 4 such meetings shall be held every year.
  • Two month
  • 4 months and at least 3 such meetings must be held in every year.
Q3 | The quorum for a meeting of the board of directors shall be ________ of its total strength or 2directors, whichever is higher.
  • 3
  • 1/2
  • 1/4
  • 1/3
Q4 | Minimum number of directors in public company is ______
  • 3
  • 2
  • 4
  • 1
Q5 | Minimum number of directors in private company is _________
  • 3
  • 2
  • 4
  • 1
Q6 | __________ is a group of people who are acting on behalf of the Company.
  • Managing director
  • Partnership
  • Board of directors
  • All the above
Q7 | A Managing Director can be appointed for a maximum period of ___________
  • 2 year
  • 10 years
  • 3 years
  • 5 years
Q8 | __________ can be imposed on directors for non compliance of requirements of companiesAct.
  • Penalty
  • Fine
  • Statutory penalty
  • Criminal liability
Q9 | When a director voluntarily remains absent from the three consecutive meetings of the Boardof Directors, and
  • he become liable to be punished with fines @ Rs. 500 for every default
  • he is disqualified for becoming a director of any company.
  • his office falls vacant
  • None of the above
Q10 | At one time the appointment of sole selling agent can be made for a period of ______
  • One year
  • three year
  • five year
  • seven year
Q11 | The term whole time director is defined in Sec.__________ of the Companies Act 1956
  • 2(25)
  • 2 (24)
  • 3 (25)
  • 3(24)
Q12 | The appointment of every director is to be made by an _______at the general meeting.
  • Ordinary resolution
  • Special resolution
  • Single resolution
  • None of the above
Q13 | _________ director act during the absence of the original director.
  • First Director
  • Additional director
  • Alternate director
  • Representative director
Q14 | _________ is the first general meeting of the shareholders of a public company.
  • Extra ordinary meeting
  • Class meeting
  • General meeting
  • Statutory meeting
Q15 | Statutory meeting must be held with in a period of _____
  • 90 days from the date at which the company entitled to start it business
  • 6 months from the date of incorporation
  • not less one month & not more than 6 month which the company is entitled to start it business.
  • 18 months from the date of incorporation.
Q16 | The first annual general meeting of the company must be held within ________
  • 6 months of incorporation
  • 6 months from the date at which the company's entitled to start its business
  • 18 months from the date at which the company is entitled to start its business.
  • 18 months of incorporation.
Q17 | _________called for dealing with some urgent special business which cannot be postponed tillthe next annual general meeting.
  • Extra ordinary general meeting
  • Ordinary general meeting
  • Class meeting
  • None of the above
Q18 | ________ is the minimum number of members that should be present at the meeting as per theArticles of the company before any business can be validly transacted.
  • Minute
  • Quorum
  • Register
  • Proxies
Q19 | For the proper conduct of business in a meeting a _________ is necessary
  • Director
  • Managing director
  • Chairman
  • Shareholder
Q20 | ___________ is the official records of the meeting of the company.
  • Quorum
  • Register
  • Report
  • Minutes
Q21 | The Chairman of a company has _________ votes
  • 1
  • 3
  • 2
  • None of the above
Q22 | __________ means the list of business or thing to be done at the meeting
  • Quorum
  • Register
  • Minutes
  • Agenda
Q23 | _________ refers to the instrument by which a person is appointed to act for another at ameeting of the company.
  • Proxy
  • Quorum
  • Motion
  • None of the above
Q24 | Decisions of a company are made by _______ of its members passed at meeting of members.
  • Notice
  • resolution
  • Quorum
  • Circular
Q25 | _______ is the resolution which is passed at validly called general meeting, by simple majorityof the members.
  • Special resolution
  • Resolution by postal ballot
  • Ordinary resolution
  • Resolution requiring special notice