Question : Company Law prohibits any invitation or acceptance of deposits from persons other than its member, Directors or their relatives for :
Option 1: Private Company
Option 2: Public Company
Option 3: One Person Company
Option 4: None of the Above
Correct Answer: Private Company
Solution : It is against the law for a private company to take any invitations or unsecured loans or deposits from anybody other than its members, directors, or close family members. As a result, a private firm may receive deposits from its members, directors, and relatives under a private agreement.
Hence the correct answer is option 1.
Question : An artificial person created by law is called
Option 1: Sole tradership
Option 2: Partnership
Option 3: Company
Option 4: All of the above
Question : Which of the following is the basis of diminishing marginal utility?
Option 1: Law of supply
Option 2: Laws of return
Option 3: Law of demand
Option 4: None of the above
Question : ‘A company is a person, artificial, invisible, intangible and existing only in the eyes of law. Being a mere creation of law, it possesses only those properties which the charter of its creation confers upon it, either expressly or as incidental to its very existence’ This definition is given by?
Option 1: Chief Justice Manon
Option 2: Keyness
Option 3: Chief Justice Marshal
Option 4: Companies Act, 2017
Question : Newton's first law of motion is also known as:
Option 1: Law of reaction
Option 2: Law of acceleration
Option 3: Law of inertia
Option 4: None of these
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile