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This set of Management information system Multiple Choice Questions & Answers (MCQs) focuses on Management Information System Set 12

Q1 | _____________ is a person who holds the shares for the benefit persons.
  • Trustee
  • Member
  • Shareholder
  • Company
Q2 | The right given to a particular class of shareholders are called the _____________
  • Special right
  • General rights
  • Class right
  • None of the above
Q3 | The power to order rectification of register of members vests in the _________
  • Court
  • Tribunal
  • Central Government
  • Board of Directors
Q4 | On which of the following dates the Companies Act, 1956 come into force?
  • 31st March 1956
  • 1st April 1956
  • 31st March 1957
  • 1st April 1957
Q5 | The history of the Indian Company Law began in the year of
  • 1850
  • 1908
  • 1913
  • 1956
Q6 | The privilege of limited liability was introduced in the Indian Company Law, in the year of
  • 1850
  • 1857
  • 1927
  • 1956
Q7 | Statutory companies are also known as _______
  • State legislative
  • Govt. company
  • Corporation
  • None of the above
Q8 | The auditor of government company is appointed by the ___________of India.
  • High Court
  • Supreme Court
  • State legislative
  • Controller and Auditor General
Q9 | A statutory company is one which incorporated by
  • An Act of Parliament
  • By an Act of State legislative
  • Under the companies Act, 1956
  • By either (a) of (b)
Q10 | In case of a company limited by guarantee, the liability of the members can be enforced
  • only at the time of winding up of the company
  • at any time when the company so decide
  • only by an order of court
  • only by an order of Registrar of Companies.
Q11 | __________ is compulsory for unlimited companies, private companies, companies limited byguarantee.
  • Memorandum of Association
  • Articles of Association
  • Prospectus
  • Statement in lieu
Q12 | __________ describes the scope of company activities
  • Memorandum of Association
  • Prospectus
  • Articles of Association
  • Documents
Q13 | The first important document to be filed with the Registrar is ______-
  • Articles of Association
  • Prospectus
  • Memorandum of Association
  • None of the above
Q14 | If the company's Act go beyond the provisions of the memorandum, its act will be _______
  • Constructive notice
  • Circular
  • Ultra vires
  • None of the above
Q15 | ___________ is the construction of a company
  • Promotion
  • Certificate of incorporation
  • Memorandum
  • Documents
Q16 | _______ of schedule 1 of the Companies Act, which gives the specimen of memorandum of acompany limited by shares.
  • Table B
  • Table A
  • Table D
  • Table E
Q17 | _________ can be passed by the support of three fourth majority a share holders who arepresent and entitle to vote at a meeting.
  • Special resolution
  • Ordinary resolution
  • Both A and B
  • None of the above
Q18 | _________ contain the rules and regulations of the company.
  • Prospectu
  • Statement in lieu
  • Articles of Association
  • Memorandum of Association
Q19 | __________ signed by the required number of persons which are necessary for the formationof company.
  • Memorandum of Association
  • Prospectus
  • Statement in lieu
  • None of the above
Q20 | A public company having a share capital, becomes entitled to commence business only afterobtaining a further certificate known as a _________
  • Company formation
  • Certificate of incorporation
  • Provisional contracts
  • Certificate of commence business
Q21 | If at the time of registration, a company limited by shares does note file articles of associationwith the Registrar, then
  • The company deemed to have adopted Table A
  • The company cannot be registered without this document.
  • The company is deemed to have become a company with unlimited liability
  • None of the above.
Q22 | The annual return should be filed by a company with the Registrar within _______ days fromthe date of the annual general meeting of the company.
  • 40
  • 60
  • 30
  • 50
Q23 | Every share holder of a company is also known as _____
  • Member
  • Partner
  • Director
  • All of the above
Q24 | A foreigner can become a member of a company registered in India but permission of ______
  • SEBI
  • High court
  • RBI
  • Supreme Court
Q25 | Registered office clause of memorandum of association contain ___
  • The complete postal address
  • The name of Registrar of companies
  • The name of the city/town only and not that of the state
  • The name of the state in which registered office of the company is to situate.