MCQ Portal

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Law Paper 2017

The Number of MCQs are limited as per ICMAI Past Paper in Syllabus 2016

1. Which of the following does not represent a discharge by operation of law?

By merger By insolvency By breach of contract By unauthorized alteration of a written document

2. Which of the following is a recognized method for discharging liability?

By endorsement By making a promise By cancellation By registration

3. A partner in a Limited Liability Partnership (LLP) can contribute:

Tangible or intangible assets Movable or immovable property Money, promissory notes, etc. Any of the above

4. Gratuity is payable to an employee after they have completed continuous service for a minimum of:

Transfer Daughter's marriage Re-employment Resignation

5. Which of the following individuals is not classified as an employee?

Canteen workers Casual workers Partners Part-time employees

6. The term "Individual pension account" refers to an account of a subscriber, established by a contract that outlines the terms and conditions under the:

Provident fund scheme National pension system Citizen welfare system Minimum wage payment scheme

7. Which of the following is not categorized as a type of company?

Inactive company Assistant company Dormant company Producer company

8. According to Section 92 of the Companies Act, 2013, a company is required to prepare and submit its annual return in which form?

MGT-12 INC-23 MGT-7 SH-10

9. An instrument of the proxy shall be deposited with the registered office of the company within ________ before the conduct of the meeting.

7 hours 21 hours 48 hours 60 hours

10. A proper foundation of ethics requires a standard of _______ to which all goals and actions can be compared.

value living life speech