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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