Commerce MCQ Questions and Answers

Practice Mode
Showing 10 of 242 questions
Q1
A listed company opting for buyback of shares under the Companies Act, 1956 has to submit return, after completion of such buy-back within which one of the following periods ?
  • A 6 months of such completion to the Registrar of Companies only
  • B 45 days of such completion to the SEBI only
  • C 30 days of such completion to the Registrar of Companies and SEBI
  • D 30 days of such completion to the SEBI only
Answer: Option C
Q2
In case of any default made in complying with the provisions relating to the postal ballot, the officer on default will be punishable with which one of the following fines ?
  • A Rs. twenty thousand in respect of each such default
  • B Rs. fifty thousand in respect of each such default
  • C Rs. one lakh in respect of each such default
  • D Rs. two lakh in respect of each such default
Answer: Option B
Q3
Which one of the following is correct in respect of the doctrine of indoor management and the rule of constructive notice ?
  • A The former operates to protect the outsider against the company and the latter protects the company against the outsider
  • B The former operates to protect the company against the outsider and the latter protects the outsider against the company
  • C Both protect the company against the outsider
  • D Both protect the outsider against the company
Answer: Option A
Q4
What is Director Identification Number (DIN) ?
  • A An identification number which the individual company allots to the intending director
  • B A number which the Central Government allots to any individual intending to be appointed as director or to any existing director of a company
  • C A number which the SEBI allots to any individual intending to be appointed as director or to any existing director of a company
  • D A number which the Central Government allots to retired directors so as to build data base
Answer: Option B
Q5
Small shareholders' director is to be appointed by which of the following companies ?
  • A Public companies having Rs. 5 crores or more of paid up capital and minimum of 1000 small shareholders
  • B Public companies having Rs. 10 crores or more of paid up capital and a minimum of 1000 small shareholders
  • C Public companies having Rs. 1 crore or more of paid up capital and a minimum of 100 small shareholders
  • D Public companies having Rs. 5 crores or more of paid up capital and a minimum of 100 small shareholders
Answer: Option A
Explanation: Small shareholders of a public company will be able to appoint (elect) one director on the Board of Company if the company has a paid up capital of Rs. 5 crore or more, or has 1000 or more small shareholders as per section 252 Companies (Amendment) Act, 2000.
Q6
When does a body corporate become capable forthwith of exercising all the functions of a company ?
  • A On finalizing Memorandum of Association
  • B On obtaining certificate of commencement of business
  • C On obtaining certificate of incorporation
  • D On having convened its first Annual General Meeting
Answer: Option C
Q7
For how many years the books of accounts of a company have to be preserved in good order ?
  • A For a period of not less than eight years immediately preceding the current year
  • B For a period of not less than five years immediately preceding the current year
  • C For a period of not less than six years immediately preceding the current years
  • D For a period of not less than four years immediately preceding the current year
Answer: Option A
Q8
Consider the following statements- 1. Aggregate planning implies operational planning concerned with determining a firm's production requirements and manufacturing capacity. 2. Behaviour modification is a concept of motivation totally independent of rewards for the employees. Which of the statements given above is/are correct ?
  • A 1 only
  • B 2 only
  • C Both 1 and 2
  • D Neither 1 nor 2
Answer: Option C
Q9
What is the correct sequence of the following steps in a strategic planning process ? 1. Inputs 2. Evaluation of alternatives 3. Execution 4. SWOT analysis Select the correct answer using the code given below-
  • A 1 - 4 - 2 - 3
  • B 4 - 1 - 2 - 3
  • C 1 - 2 - 3 - 4
  • D 4 - 1 - 3 - 2
Answer: Option D
Q10
Consider the following statements- 1. Managerial grid is an organizational concept that brings together teams of individuals from specialized jobs and departments for achieving specific results in defined periods of time. 2. The matrix management model is based on a matrix of values between 0 and 9 for two primary variables. Which of the statements given above is/are correct ?
  • A 1 only
  • B 2 only
  • C Both 1 and 2
  • D Neither 1 nor 2
Answer: Option C

📚 More from Quantitative Aptitude

← All Topics 🎯 Practice ⏱️ Take Test 🔍 Search
Quantitative Aptitude
Back to Quantitative Aptitude
Other Subjects
Questions and Answers for Competitive Exams Various Entrance Test