Commerce MCQ Questions and Answers

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Q171
The ‘Doctrine of Indoor Management’ provides protection to the-
  • A Board of Directors
  • B Shareholders
  • C Managing Director
  • D Outsiders
Answer: Option D
Q172
By which of the following methods a Company Secretary can be removed from his post ?
  • A By passing a resolution in Board Meeting
  • B By order of Registrar of Companies
  • C By passing a resolution in Annual General Meeting
  • D None of the above
Answer: Option A
Q173
Dividend paid between two Annual General Meetings is known as-
  • A Final dividend
  • B Interim dividend
  • C Special dividend
  • D None of the above
Answer: Option B
Q174
In a Private Company there are restrictions regarding-
  • A Transfer of shares
  • B Issue of prospectus
  • C Number of members
  • D All of the above
Answer: Option D
Q175
The gap between two General Meetings of the Company should not be more than-
  • A 12 months
  • B 18 months
  • C 15 months
  • D 20 months
Answer: Option C
Q176
Statement containing details of items to be considered in a meeting is called-
  • A Agenda
  • B Minutes
  • C Resolution
  • D Notice
Answer: Option A
Q177
The minimum and maximum number of members in a Private Company is-
  • A 2 and 50
  • B 2 and 20
  • C 2 and 10
  • D None of the above
Answer: Option A
Q178
What is the maximum limit of remuneration for a whole time manager in a company ?
  • A 3% of net annual profit
  • B 5% of net annual profit
  • C 7% of net annual profit
  • D None of the above
Answer: Option B
Q179
 Which among the following documents defines the relationship between a company and outsiders ?
  • A Memorandum of Association
  • B Articles of Association
  • C Prospectus
  • D None of the above
Answer: Option A
Q180
Registration is not essential in case of a-
  • A Company
  • B Co-operative organisation
  • C Co-operative Societies
  • D Business of Joint Hindu Family
Answer: Option D

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