Commerce MCQ Questions and Answers

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Q181
The Meeting of Board of Directors must be called at least once-
  • A In four months
  • B In three months
  • C In two months
  • D In one month
Answer: Option B
Q182
The Secretary of a Company should file copies of Special Resolution passed at Extraordinary General Meeting to the Registrar of Companies within-
  • A 7 days
  • B 14 days
  • C 21 days
  • D 30 days
Answer: Option D
Q183
 What is the quorum of General Meetings in the case of a Private Company ?
  • A 2 members
  • B 3 members
  • C 4 members
  • D 5 members
Answer: Option A
Q184
 Which of these must hold a Statutory Meeting ?
  • A Public Limited Company
  • B Private Company
  • C Unlimited Company
  • D All of these
Answer: Option A
Q185
When three sugar mills combine, it is an example of-
  • A Vertical combination
  • B Horizontal combination
  • C Diagonal combination
  • D None of the above
Answer: Option B
Q186
The first electronic computer system was developed in-
  • A 1920
  • B 1940
  • C 1930
  • D 1950
Answer: Option B
Q187
An Index is-
  • A A filing system
  • B A photostat procedure
  • C The procedure to collect data
  • D An important help in filing
Answer: Option D
Q188
Indian Partnership Act was passed in the year-
  • A 1956
  • B 1936
  • C 1932
  • D 1930
Answer: Option C
Q189
According to the Partnership Act, the maximum number of partners in a banking firm may be-
  • A 10
  • B 12
  • C 4
  • D 20
Answer: Option A
Q190
Dissolution of Partnership takes place when-
  • A A partner misbehaves
  • B A partner becomes of unsound mind
  • C Business is running at a loss
  • D A partner dies
Answer: Option D

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