Business Law Quiz

Which act promotes the orderly development and maintenance of foreign exchange market?

• SEBI

• ITA

• COPRA

• FEMA

Current account transaction does not include which of the following

• income from investment

• interest on loan

• Long term loan

• expenses in connection to foreign travel

The Head Office of the Patent office is at ______

• Mumbai

• Delhi

• Kolkata

• Chennai

Which Bank is called the Bankers Bank?

• Canara Bank

• Reserve Bank of India

• State Bank of India

• Syndicate bank

Which act was enacted in the year 1999?

• FEMA

• FERA

• COPRA

• Companies Act

WTO stands for ___

• World Trade Organization

• World Transfer Organization

• world Transport Office

• World Transport Organization

"Members may come and members may go, but the company will continue to exist"- this explains which characteristics of a joint stock company as per companies act.

• Separate legal entity

• Perpetual succession

• capacity to sue

• None of these

_________ are companies incorporated by the special act of parliament.

• Registered

• Chartered

• Statutory companies

• Government

_______ debentures are issued for an indefinite period

• Irredeemable

• Non-Convertible

• Unsecured

• Registered

Any member of a company entitled to attend and vote at a meeting of the company shall be entitled to appoint another person (whether a member or not) to attend and vote instead of himself. Such a person is called a ___________

• A stand-in

• A substitute

• An assistant

• A proxy