MCQ Portal

1. What is the key characteristic of an e-contract?

Cost and acceptability Purity and clarity Speed, accuracy, and reliability Perfection and attractiveness

2. Which of the following is NOT a right of an unpaid seller regarding goods?

Right of retention Right of stoppage in transit Right to claim damages Right of resale

3. What is the term for an endorsement where the endorser does not want the endorsee or any other holder to incur expenses on his behalf?

Restrictive endorsement Sans frais endorsement Conditional endorsement Unwanted endorsement

4. After dissolution, the liability of partners for actions taken before dissolution continues until:

A public notice of dissolution is issued Partners receive final payment Creditors demand claims Death of partners

5. An employee is eligible to receive a bonus from the employer in an accounting year if they have worked for at least:

10 working days 20 working days 30 working days 40 working days

6. Under the Employees' State Insurance Act, 1948, what is the tenure of members of the Medical Benefit Council?

2 years 4 years 5 years 10 years

7. Which of the following matters cannot be conducted through postal ballot?

Appointment of an auditor Election of a director Buyback of shares by a company Change in registered office outside local limits of a city, town, or village

8. The appointment of an independent director must be approved by:

Board meeting General meeting Registrar of Companies Central Government

9. Sweat equity shares must remain locked in for how many years from the date of allotment?

One year Two years Three years Four years

10. Which of the following is considered a drawback of business ethics?

Increased morale and trust leading to higher market share Positive publicity due to ethical performance Greater public acceptance of the company's products Diverse goals and achievements

June 2018 Law Paper

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