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this MCQ Quiz on Management of Company will help you revise key concepts quickly. If you’re preparing for B.Com, M.Com, CA, CS, or Competitive Exams.
This quiz is based on the provisions of Companies Act 2013 India.
MCQ Quiz on Management of Company | Questions with Answers
There are 30 Questions are available on Management of Company according to Companny Act 2013 of India
1. The group who manage the affairs of a company is called:
A) Internal Board
B) External Board
C) Board of Directors ✅
D) Workers Committee
2. The Board of Directors represents which level of management?
A) Lower Level
B) Middle Level
C) Top Level ✅
D) None
3. Minimum number of directors in a Public Company is:
A) 4
B) 3 ✅
C) 2
D) 1
4. Minimum number of directors in a Private Company is:
A) 4
B) 3
C) 2 ✅
D) 1
5. Minimum number of directors in One Person Company (OPC) is:
A) 4
B) 3
C) 2
D) 1 ✅
6. Minimum number of women directors required is:
A) 1 ✅
B) 2
C) 3
D) 4
7. Independent directors in a public company should be:
A) One-third ✅
B) Two-third
C) Three-third
D) None
8. Political contribution limit is based on:
A) Last 2 years’ profit
B) Last 3 years’ average profit (up to 7.5%) ✅
C) Last 5 years’ profit
D) No limit
9. Punishment for violation of political contribution rules is:
A) 2 months imprisonment
B) 6 months imprisonment + 5 times fine ✅
C) 10 months imprisonment
D) 12 months imprisonment
10. Political contribution is covered under which section?
A) 179
B) 180
C) 181
D) 182 ✅
11. Restrictions on Board powers are given under:
A) Section 179
B) Section 180 ✅
C) Section 181
D) Section 182
12. Which of the following does NOT represent the legal position of directors?
A) Agents of company
B) Managing partners
C) Brain of company
D) Not trustees of company ✅
13. Directors involved in day-to-day operations are:
A) Executive Directors ✅
B) Non-Executive Directors
C) First Directors
D) Additional Directors
14. Directors not involved in daily operations are:
A) Executive Directors
B) Non-Executive Directors ✅
C) First Directors
D) Additional Directors
15. Directors who attend only board meetings are:
A) Executive Directors
B) Non-Executive Directors ✅
C) First Directors
D) Additional Directors
16. Directors who sign the Memorandum are:
A) Promoters
B) First Directors ✅
C) Additional Directors
D) Alternate Directors
17. Appointment of elected directors is under:
A) Section 152(1)
B) Section 152(2) ✅
C) Section 153(1)
D) Section 153(2)
18. Appointment of first directors is under:
A) Section 152(1) ✅
B) Section 152(2)
C) Section 153(1)
D) Section 153(2)
19. Additional directors are appointed under:
A) Section 161(1) ✅
B) Section 161(2)
C) Section 162(1)
D) Section 162(2)
20. If a director is absent for more than 3 months, replacement is:
A) Alternate Director
B) Substitute Director
C) Both ✅
D) None
21. Director nominated by government is:
A) Nominated Director ✅
B) Executive Director
C) Important Director
D) Alternate Director
22. Alternate director appointment is under:
A) Section 161(1)
B) Section 161(2) ✅
C) Section 162(1)
D) Section 162(2)
23. Nominated director appointment is under:
A) Section 161(1)
B) Section 161(2)
C) Section 161(3) ✅
D) Section 161(4)
24. Director appointed to fill vacancy is:
A) Additional Director
B) Casual Director ✅
C) Executive Director
D) Alternate Director
25. Casual director appointment is under:
A) Section 161(1)
B) Section 161(2)
C) Section 161(3)
D) Section 161(4) ✅
26. A person whose instructions the Board follows is called:
A) Additional Director
B) Shadow Director ✅
C) Executive Director
D) Sick Director
27. Women director must be appointed within:
A) 3 months
B) 4 months
C) 5 months
D) 6 months ✅
28. Women director provision is under:
A) Section 149(1) ✅
B) Section 149(2)
C) Section 149(3)
D) Section 149(4)
29. Related Party Transactions are covered under:
A) Section 188 ✅
B) Section 189
C) Section 190
D) Section 191
30. Punishment for violation of related party provisions is:
A) 1 year imprisonment + ₹25,000 to ₹5 lakh fine ✅
B) 2 years imprisonment + ₹25,000 to ₹5 lakh
C) 1 year imprisonment + ₹25,000 to ₹6 lakh
D) 2 years imprisonment + ₹25,000 to ₹6 lakh
Conclusion – MCQ Quiz on Management of Company
This MCQ Quiz is very useful for clearing your concepts + revision.
If you practice regularly, it will be easy to score good marks in Company Law.
You Can read this – Free MCQ Quiz on Key Managerial Personnel KMP प्रमुख व्यवस्थापकीय व्यक्ती
