Question

Q1.All the members of a company sitting in a general meeting were killed by a bomb. Which feature states that the company will not be wound up?

(a) Artificial person

(b) Perpetual succession

(c) Separate legal entity

(d) Common seal

 

Q2.To which type of insurance is the principle of Indemnity not applicable?

(a) Marine insurance

(b) Fire insurance

(c) Life insurance

(d) Health insurance

 

Q3. This constituent of e-business includes a series of online activities involved in marketing of goods and services

(a) B2B commerce

(b) B2C commerce

(c) C2C commerce

(d) Intra B commerce

 

Q4. Which of the following is not a type of general insurance?

(a) Fire insurance

(b) Marine insurance

(c) Health Insurance

(d) Life Insurance

OR

What is the minimum amount for an electronic transfer of funds in case of RTGS?

(a) Rs.10,000

(b) Rs.1,00,000

(c) Rs.20,000

(d) Rs.2,00,000

 

Q5. Where national security is concerned, which form of public enterprise is most suitable?

(a) MNC

(b) Statutory corporations

(c) Departmental undertakings

(d) Government company

Q6.A person gets his stock of goods insured, but he hides the fact that the electricity board has issued him statutory warning letter to get his factory’s wiring changed later on, the factory catches fire due to short circuit. State the principle of insurance being violated.

(a) Indemnity

(b) Contribution

(c) Utmost good faith

(d) Subrogation

 

Q7. Fixed Capital requirements of a manufacturing concern are:

(a) Same as that of a trading concern

(b) Are more than that of a trading concern

(c) Are less than that of a trading concern

(d) None of the above

 

Q8. Identify the type of middlemen who serve as a link between the manufacturers and the retailers

(a) Consumers

(b) Wholesalers

(c) Fixed shop retailers

(d) Itinerant retailers

 

Q9.Which facility of MOD account enables the account holder to earn more interest onthemoney?

(a) Auto sweep

(b) Sweep out

(c) Threshold limit

(d) Reverse sweep

 

Q10. The documents for registration for a company were filed on 21th February 2017. The Certificate of Incorporation was issued on 29th February 2017 but the date mentioned on the Certificate of Incorporation was 27th February 2017. From which date will the Company be considered to be in existence and the contracts signed will be considered valid?

(a) 29th February2017

(b) None of the above

(c) 21st February 2017

(d) 27th February 2017​

Answer 1

Answer:

1 a

2b

3a

4c

5d

6a

7c

8c

9d

10a