Multiple Choice Question on Law and Ethics

• Which one of the following amounts to safety measure?
  • Artificial humidification
  • Ventilation
  • Fencing of machinery
  • First aid appliances

• If a company does not have a common seal, the share certificate shall be signed by
  • Two Directors
  • One Director and Company Secretary
  • Two Directors and Company Secretary
  • Company Secretary

• In case of e-voting, notice shall be sent as attachment in
  • PDF file
  • Word file
  • Excel file
  • Access file

• A Director may be elected by small shareholders upon a notice by
  • not less than 1000 small shareholders.
  • one tenth of the total number of shareholders.
  • not less than 1000 small shareholders or one tenth of such shareholders, whichever is lower.
  • one tenth of 1000 small shareholders.

• Meta ethics deal with the nature of  .
  • external influences
  • moral judgement
  • material facts
  • animal rights

• The breach of contract may be-
  • Actual
  • Anticipatory
  • None of the above
  • Either of (a) and (b)

• Which one of the following is not the feature of “agreement to sale”?
  • It is an executor contract
  • Sales takes place for existing and specific goods
  • The seller can sue for damages only in case of breach by the buyer
  • It gives a right to the buyer against the seller to sue for damages

• Which one of the following is not the element of draft?
  • It cannot be drawn on private individual
  • It cannot be countermanded easily
  • It is open to the person to stop payment
  • The bank undertakes the liability which it is bound to discharge in whose favor the draft is issued

• Who may negotiate?
  • Drawer
  • Payee
  • All of the joint makers
  • Any of (a) to (c)

• The Information Memorandum shall be deemed to be a  .
  • Prospectus
  • Articles
  • Memorandum
  • None of the above.

• The Regional Director shall communicate the confirmation of shifting of registered office within  days of receipt of the application.
  • 15
  • 30
  • 45
  • 90

• The  private  placement  shall  be  made,  not  more  than  persons in aggregate in a financial year.
  • 50
  • 100
  • 200
  • 400

• If the shareholders not less than………….of the issued shares of class did not consent to   the variation or vote in favor of the special resolution for the variation, such shareholders may apply to the Tribunal to have the variation cancelled.
  • 10%
  • 15%
  • 25%
  • None of the above

• The company shall not issue sweat equity shares for more than  of the existing paid up share capital in a year.
  • 10%
  • 15%
  • 25%
  • None of the above

• Which one of the following is not the discharge by operation of law?
  • By merger;
  • By insolvency;
  • By breach of contract;
  • By the unauthorized alteration of items of a written document.

• Which one of the following is not the feature of the Contract of Guarantee?
  • There are two parties in this contract.
  • The liability of surety is secondary.
  • There is an existing debt for which the surety gives guarantee to the creditor on behalf of the principal debtor.
  • The surety gives contract at the request of the principal debtor.

• Section 2(7) of the Sale of Goods Act, 1930 the term ‘Goods’ does not include
  • Stock and share
  • Growing Crops
  • Grass
  • Neither (A) nor (B) nor (C)

• No female child shall be allowed to work in any factory except between
  • 8 AM and 7 PM
  • 6 PM and 6 AM
  • 6 AM and 7 PM
  • 10 PM and 5 AM

• The Bonus shares may be issued out of the  
  • Free Reserves
  • Securities Premium Account
  • Capital Redemption Reserve Account
  • Any of the above

For Blogger Post – https://pnautiyal.blogspot.com/2020/04/cma_6.html
For previous post – https://cmaindiagroup.com/law-and-ethics-mcq-2/
https://cmaindiagroup.com/law-and-ethics-mcq-5/
https://cmaindiagroup.com/law-and-ethics-mcq-3/
https://cmaindiagroup.com/law-and-ethics-mcq-7/
https://cmaindiagroup.com/law-and-ethics-mcq-4/
For Study Plan – https://cmaindiagroup.com/study-plan-law-and-ethics/