Question 1

-------------- mean a person who is either child or Adolescent&#10;A)Child&#10;B)Young person&#10;C)Adolescent&#10;D)Adult

Accepted Answer

A young person can refer to someone who is either in their childhood or adolescence, encompassing both stages of development.

Question 2

--------------------- is a person who has ultimate control over the affairs of factory&#10;A)Young person&#10;B)Adult&#10;C)Occupier&#10;D)Adolescent

Accepted Answer

The term "occupier" refers to the individual who has the ultimate control over the affairs of a factory, as defined in various occupational safety and health regulations. This person is responsible for ensuring that the factory operates in compliance with legal and safety standards.

Question 3

Section 10 provides for the appointment of -----------------&#10;A)Inspector&#10;B)Adult&#10;C)Certifying surgeon&#10;D)Adolescent

Accepted Answer

Section 10 typically refers to the appointment of a Certifying Surgeon in the context of labor laws, especially those concerning the health and safety of workers in industries. The Certifying Surgeon's role is to certify the fitness of workers, particularly in roles that may affect their health, and to ensure that the conditions of work are safe and do not pose a health hazard.

Question 4

Every worker who worked for ----------------- days entitled to Annual Wages&#10;A)200&#10;B)240&#10;C)500&#10;D)440

Accepted Answer

According to most labor laws, a worker who has worked for at least 240 days in a year is entitled to annual wages. This threshold ensures that employees who have been engaged in work for a significant portion of the year receive appropriate annual compensation benefits.

Question 5

Factories Act came in to existence in --------------------------&#10;A)1948&#10;B)1881&#10;C)1781&#10;D)1757

Accepted Answer

The Factories Act was enacted in 1948 in India to regulate labor in factories, ensure safety, health, and welfare of the workers, and to prevent haphazard growth of factories.

Question 6

Corporal property is -------------------&#10;A)Equable&#10;B)Visible&#10;C)Tangible&#10;D)Flexible

Accepted Answer

Corporal property refers to physical property that can be touched or felt, making it tangible.

Question 7

------------------- are the true owners of the company.&#10;A)Members&#10;B)Investors&#10;C)Directors&#10;D)Share holders

Accepted Answer

Shareholders are considered the true owners of a company because they have invested capital in the company by purchasing its shares, giving them ownership rights.

Question 8

Corporal refer to --------------------&#10;A)Possession&#10;B)Ownership&#10;C)Building&#10;D)Computer

Accepted Answer

Corporal in legal and property contexts refers to tangible, physical property, which is closely associated with the concept of ownership.

Question 9

------------------ auditors of the company are appointed by the share holders in annual General Meeting.&#10;A)General&#10;B)Statutory&#10;C)Special&#10;D)None of these

Accepted Answer

Statutory auditors are appointed by the shareholders during the annual general meeting (AGM) to ensure that the company's financial statements are fair and accurate, providing an independent assessment of the financial health of the organization.

Question 10

In corporal properties are not ---------------&#10;A)Flexible&#10;B)Apparent&#10;C)Corporal&#10;D)Reachable

Accepted Answer

Corporal properties are apparent, not flexible, corporal, or reachable.

Question 11

The board shall meet at least four time a year, with a maximum times gap of ------------------- between any two meetings&#10;A)6 months&#10;B)3 months&#10;C)2 months&#10;D)4 months

Accepted Answer

The answer of The board shall meet at least four...

Question 12

A ---------------------- is a visual symbol attached to goods&#10;A)Patent&#10;B)A trade mark&#10;C)Corporal goods&#10;D)Sealed goods

Accepted Answer

The answer of A ---------------------- is a visual symbol attached...

Question 13

A registered trade mark is called ---------------------&#10;A)Patent&#10;B)Sealed good&#10;C)Common Law Mark&#10;D)ISI mark

Accepted Answer

The answer of A registered trade mark is called ---------------------&#10;A)Patent&#10;B)Sealed...

Question 14

Which of the following documents is submitted by the board of directors at every AGM----------------&#10;A)Balance sheet&#10;B)Profit and Loss Account&#10;C)Both A and B&#10;D)None of the above

Accepted Answer

The answer of Which of the following documents is submitted...

Question 15

The time gap between two Annual Meeting should not exceed----------------&#10;A)6 months&#10;B)12 months&#10;C)8 months&#10;D)15 months.

Accepted Answer

The answer of The time gap between two Annual Meeting...

Question 16

Extra ordinary meeting of the ---------------------&#10;A)Member&#10;B)Share holders&#10;C)Directors&#10;D)Both A and B

Accepted Answer

The answer of Extra ordinary meeting of the ---------------------&#10;A)Member&#10;B)Share holders&#10;C)Directors&#10;D)Both...

Question 17

East India Company is an example of ---------------------- company&#10;A)Chartered&#10;B)Statutory&#10;C)Registered&#10;D)Foreign.

Accepted Answer

The answer of East India Company is an example of...

Question 18

Mention one right that the proxy enjoys during a meeting-&#10;A)Right to attend the meeting&#10;B)Right to poll&#10;C)Right to vote&#10;D)None of these

Accepted Answer

The answer of Mention one right that the proxy enjoys...

Question 19

The minutes of the company in case of a Board Meeting shall be signed by --------------&#10;A)Director&#10;B)Chairman&#10;C)Managing director&#10;D)Both A and B.

Accepted Answer

The answer of The minutes of the company in case...

Question 20

The winding up in which a solvency declaration is not made is known as ----------------&#10;A)Creditors voluntary winding up&#10;B)Members voluntary winding up&#10;C)Compulsory winding up&#10;D)None of the above

Accepted Answer

The answer of The winding up in which a solvency...

Question 21

For meeting may be adjourned by -------------------- circumstances&#10;A)Quorum is not present&#10;B)Lack of information&#10;C)Balance sheet is not present&#10;D)None of the above

Accepted Answer

The answer of For meeting may be adjourned by --------------------...

Question 22

------------------- guarantees its established quality&#10;A)Patent&#10;B)Goods&#10;C)Trade mark&#10;D)Safety

Accepted Answer

The answer of ------------------- guarantees its established quality&#10;A)Patent&#10;B)Goods&#10;C)Trade mark&#10;D)Safety...

Question 23

A unique feature of trade mark is its --------------------&#10;A)Corporality&#10;B)Perpetual life&#10;C)Degeneration&#10;D)Industrialism

Accepted Answer

The answer of A unique feature of trade mark is...

Question 24

------------------------- is a kind of industrial property which can be purchased&#10;A)Trade mark&#10;B)Collective mark&#10;C)Patent&#10;D)ISI mark

Accepted Answer

The answer of ------------------------- is a kind of industrial property...

Question 25

The company agrees that the remuneration of non- executive directors shall be decided by ----------&#10;A)Company&#10;B)Share holders&#10;C)Board of Directors&#10;D)Central Government

Accepted Answer

The answer of The company agrees that the remuneration of...

Deck 7: Corporate Law and Terminology