Company

Q.

What is the full form of GTPL?

Q.

A company is ___________ person created by law.

1. None of these

2. A real

3. An artificial

4. A judicial

Q.

A Company Is Called An Artificial Person Because:

1. It Does Not Have The Shape Of A Normal Man

2. It Cannot Be Used In The Court Of Law

3. It Is Invisible And Intangible

4. It Exists Only In Contemplation Of Law.

Q.

What are the basic types of companies?

1. None of the above

2. Public and Share Limited Companies

3. Private and Public Limited Companies

4. Private and Share limited Companies

Q.

All the affairs of the company are governed by the provisions of ___

1. None of the above

2. Mercantile law

3. Indian penal code

4. Companies Act, 2018

Q.

“The nature/type of enterprise can change altogether the category into which a particular activity may be classified.” Do you agree? Illustrate your answer.

Q.

Companies have legal status under law. True or False

1. None of these

2. Partially True

3. True

4. False

Q. The companies can be majorly classified into types.

1. two
2. three
3. four
4. five

Q.

Companies Act requires the names of Public Limited Companies to be followed by the word ____________

1. None of the above

2. Either A or B

3. Pvt. Ltd.

4. Ltd.

Q.

Companies Act requires the names of Private Limited Companies to be followed by the words ____________

1. None of the above

2. Either A or B

3. Pvt. Ltd.

4. Ltd.

Q. The Companies Act requires the names of private limited companies to be followed by the words.

1. limited private
2. company limited
3. limited company
4. private limited

Q. The companies can be majorly classified into ___________ types.

1. two

2. seven

3. three

4. five

Q.

A Bank is ___________ person.

1. None of these

2. a real

3. an artificial

4. a judicial

Q. Objective type questions :-
Answer in one sentence only.

Which act is applicable to partnership business?

Q.

Partnership is a separate business entity. It implies that a partnership firm is different from its partners. Any action taken by the partnership firm does not bind its partners. Explain.

Q. The maximum number of persons permissible for a valid partnership for doing any business other than banking business is?

1. $15$
2. $50$
3. $25$
4. $10$