Management Information System Set 14 MCQs

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