Management Information System Set 10
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This set of Management information system Multiple Choice Questions & Answers (MCQs) focuses on Management Information System Set 10
Q1 | The winding up of the company can only be done by the process of ___________
- dissolution of partnership
- General meeting
- Law
- Management
Q2 | ________ company are those which are incorporated by a Royal Charter.
- Chartered
- Registered
- Statutory
- None of these
Q3 | Statutory companies are those incorporated under a special act passed by __________
- Companies Act
- Parliament
- Special resolution
- Law
Q4 | __________ Company may be companies limited by shares companies limited by guarantee,unlimited companies.
- Number of member
- Liability of members
- Registered
- Incorporation
Q5 | Companies limited by ________ are not formed for the purpose of profit but for thepromotion of art science, culture, charity, sports, commerce etc.
- Member
- Shares
- Liability
- Guarantee
Q6 | A public company has been defined in Sec._________
- 3 (1) (iv)
- 3 (1) (i)
- 3 (1) (iii)
- 3 (1) (ii)
Q7 | Public company means a company which has a minimum paid up capital of Rs. __________
- 2,00,000
- 3,00,000
- 5,00,000
- 1,00,000
Q8 | Shares can be freely transferable in ________
- Public Company
- Private Company
- Registered company
- Government company
Q9 | The common seal of the company is the _____________
- Official signature of the company
- Rights of the company
- General view of the company
- Name of the above
Q10 | During which of the following circumstances can the veil be lifted by the court?
- Where the Co acts as an agent
- Where a fraud is noticed
- When the company tries to avoid certain legal obligations.
- All of the above.
Q11 | The memorandum of Association is a __________of the company.
- Certificate
- Schedule
- Document
- None of the above
Q12 | If the Articles of a company conflict with the memorandum.
- The articles shall prevail
- The memorandum shall prevail
- The directors will resolve the conflict
- The court will resolve the conflict
Q13 | On a share of Rs. 200 of a company a shares holder has already paid Rs. 150. His liabilitye isnow limited to:-
- 200
- 50
- 150
Q14 | __________ refers to a voluntary association of individuals formed for the purpose ofobtaining a particular social or economical goal.
- Illegal Association
- Partnership
- Incorporation
- Company
Q15 | A ___________ is a document but invites the public to subscribe for share and debentures.
- Memorandum
- Articles
- Prospectus
- Certificate
Q16 | The _________ issues the certificate of incorporation.
- Register
- Director
- Court
- All of the above
Q17 | Corporate veil ensures ________ to the company.
- Protection
- Legal Immunity
- Both a and b
- None of the above
Q18 | The articles of Association and the memorandum of Association are drafted by __________
- Auditor
- Director
- Secretary
- Registrar
Q19 | Doctrine of Ultra vires has reference to __________clause
- Object
- Subscription
- Liability
- None of the above
Q20 | Which doctrine protects the out of the outsiders from the company?
- The Doctrine of Ultra vires
- The Doctrine of indoor management
- Both a and b
- None of the above
Q21 | Which Doctrine seeks to protect the company from the outsiders?
- The Doctrine of indoor Management
- The Doctrine of Ultravires
- The Doctrine of constructive notice
- None of the above
Q22 | Sec ___________ of the companies Act deals with the meaning and provisions related to theshelf prospectus.
- 50
- 4 (1)
- 2 (2)
- 60
Q23 | Sec ______________ of the companies Act states that, a public company making an issue of securities shall circulate information memorandum to the public before filling of a prospectus.
- 60
- b) 60 (A)
- 16 (B)
- 16 (A)
Q24 | The person or group of person who being a company into existence are called __________
- A firm
- Incorporation
- Promoters
- Promotion