MCQ Portal

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Dec 2018 Law Paper

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

1. When can a proposal be revoked?

Before the communication of acceptance Before the payment of consideration Before signing the agreement Before execution of the proposal

2. Which of the following is not a key factor when admitting a new partner into a firm?

Determining the new profit-sharing and sacrifice ratio Accounting for goodwill Checking the professional qualification of the new partner Revaluation of assets and liabilities

3. If a buyer refuses to accept delivered goods, which of the following is not an obligation?

Retaining the goods Taking care of the goods Returning them to the seller Storing them in his godown

4. What is the minimum age required for a child to work in a factory?

12 years 14 years 16 years 18 years

5. Gratuity is payable to an employee upon termination after continuous service of at least:

3 years 5 years 7 years 10 years

6. The Employees' State Insurance Corporation is classified as:

Hindu Undivided Family Local Authority Charitable Institution Body Corporate

7. Who can sign the annual return of a One Person Company (OPC) if there is no company secretary?

Senior executive of the company Auditor of the company Director of the company Advocate of the company

8. Who is liable for a misstatement in a prospectus?

The printer The issuer The publisher The proof-reader

9. Every company limited by shares must maintain the Register of Members in which form?

MGT-1 MGT-3 MGT-7 MGT-12

10. Ethics are a set of moral principles that guide a person's:

Behaviour Philosophy Religion Profession