Legal Aspects Of Finance_4

LIST OF ATTEMPTED QUESTIONS AND ANSWERS (Legal Aspects of Finance_4)

True/False Question Correct Answer Your Answer

A probationer is an employee and as such is not entitled to business. False True

True/False Question Correct Answer Your Answer

Charge includes Mortgage. True False

Multiple Choice Multiple Answer Question Which committees are considered for calculating the limit of the companies Correct Answer Audit committees , Remuneration Committee , Shareholders Grievance Committee Multiple Choice Single Answer Question Which person is responsible for he payment of wages act ? Correct Answer Managers Multiple Choice Multiple Answer Question FDI prohibited activities are :Correct Answer Retail trading , Gambling & betting , Housing & real estate Multiple Choice Single Answer Question What is computed by the competent authority at concessional rates? Correct Answer Cost of living allowance and cash value True/False Question

Articles of Association is not required to be stamped if Memorandum is adequately stamped. Correct Answer False Multiple Choice Multiple Answer Question The auditor shall inquire :Correct Answer Whether transactions of the company which are represented merely by book entries are not prejudicial to the interest of the company or members , Whether loans & advances made by the company have been shown as deposits , Whether personal expenses have been charged to revenue account Your Answer Whether loans & advances made by the company have been shown as deposits , Whether personal expenses have been charged to revenue account Multiple Choice Multiple Answer Question Remuneration to the director may be paid :Correct Answer Monthly , Quarterly , Annually Your Answer Annually Multiple Choice Single Answer Question If date of incorporation is 1.1.2005, first AGM must be held before :Correct Answer 30.6.2006 Your Answer 30.6.2006

Multiple Choice Single Answer Question Define an employed person under section 2 of the act. Correct Answer Includes legal representative of a deceased employed person