BADRUKA COLLEGE OF COMMERCE AND ARTS

B. COM I YEAR - SEM II

BUSINESS LAWS QUESTION BANK - FEB 2021

UNIT - III

1. “copyright” as per the copyrights Act 1957 means

a )Right to copy at Exams

b) Right to print a book

C) Right to sell note books

d) None of the above

2. Infringement of an Intellectual Property Right means

a. Copying the right unlawfully

b) Selling the books

c) Intelligently copying

d) None of the above

3. "Trade Mark" as per law means

a) A Mark for trading

b) A mark which can be graphically represented

c) A mark of Goodwill

d) Pictorial representation of a trader

4.Patent Right as per law means

a. Patent granted by Government b) patent granted by court of law

c) Patent transferred by Patentee d)patent acquired by infringements

5.Geological Indication means

a)reputation of a place

b) reputation of a trade

c) connection to a region

d) product of company

6.Trade Secret means and includes

a) A Secret formula

b) A Special recipe

c)confidential information

d) brand image

7. A patent application was filed in February 2000. The patent was granted in September 2001. In
2012,the inventor wants to file for some improvements in the invention. The patent on
improvement would be valid until

A) 2032

b) 2021

c) 2020

d) none of the above

8. The rights of patentee are

a) to sell or distribute

b) to license

c) to assign the properties to others

d) all of the above

9. which of the following is not an intellectual property law?

a) customs act ,1962

b) copyrights act 1957

c)trademark act 1999

d) patents act 1970

10. kancheepuram silk , tanjavur paintings are geographical indications of which part of India?

a) lucknow

b) tamilnadu

c) Andhra Pradesh

d) Karnataka

11. A company wishes to ensure that no one else use their logo. They need to apply for?

a) copyright

b) trademark

c) patent

d) industrial design

12. In case of literary , dramatic , musical and artistic works the term of the copyright is

a)life time of the author and 60 years after the death of author

b) life time of the author and 65 years after the death of author

c) life time of the author and 70 years after the death of author

d) life time of the author and 75 years after the death of author

13. Trademark in India is governed by

a) Trade mark act 1999

b)Trademark act 1957

c)Trademark act 1970

d) Trademark act 1962

14. A patent right is usually granted in India for a period of

a) 15 years

b) 20 years

c) 25 years

d) 30 years

15. Using a copied trademark in the course of trade similar to the trade of its registered owner only
becomes _____ of trademark

a)Infringement

b) Assignment

c) Licence

d) All the above

16. If the registered owner of a copyright permits any other person to use it on royalty basis, it is
known as ______ of trademark

a)Infringement

b) Assignment

c) Licence

d) All the above

17._____ is a formula ,process, device or other business information that companies keep private to
get them a business advantage over their competitors.

a) Trade secret

b) Trademark

c) Patent

d) Geographical indications

18.___ is a distinctive sign which identifies certain goods or services as those produced/provided by
a specific person or enterprise.
a) Trademark

b) patent

c) copyright

d) trade secret

19. In case of government works, ____ is the first owner

a) Government

b) private institution

c) both a& b

d) none of the above

20. Transferring the patent rights partially to an assignee for a temporary period is known as ___

a) Registered assignment

b) partial assignment

c) royalty assignment

d) both b and c

21. Transferring the rights of using a patent to an assignee by a written agreement and getting it
registered with controller of patent right is known as ____________

a) Registered assignment

b) legal assignment

c) both a& b

d) none of the above

22. Use of _____ sign indicates that the product is from a special geographical origin, carrying a
reputation of the place

a) GA

B) GL
C)GI

D) GK

23. The copyright Act 1957 protects the owners of copyrights and provides which remedy against the
wrong –doers

a) Civil remedy

b) criminal remedy

c) administrative remedy

d) all the above

24. _____ type of patent covers processes, compositions of matter, machines, and manufactures
that are new and useful.

a) utility patents

b) design patents

c) plant patents

d) both a & b

25. _____ is an agreement in which the patent rights are wholly or partly transferred to assignee in
return for a sum of money.

a) legal assignment

b) equitable assignments

c) mortgages

d) licenses

UNIT – IV

1. Resident director is one who stayed in India for a period of not less than ____ days in the
previous calendar year
a) 180 days
b) 181 days
c) 182 days
d) 188 days
 2. A private company should Have minimum of ____ directors
a) 1
b) 2
c) 3
d) 4
3. A person at a time can hold office as director in maximum of ___
a)12 companies

b) 15 companies

c)10 companies

d)20 companies

4. The board of directors of accompany can appoint an alternate director for a director during
his absence from India at least for a minimum period of___

a) 6 months

b) 3 months

c) 9 months

d) 12 months

5. Acompany can ordinarily appoint a person as its MD provided he is in the age group of ____

a) 21 to 65 years

b) 18 to 65 years

c) 21 to 70 years

d) 21 to 75 years

6. A company which has no profits in any financial year during the currency of tenure of a managerial
person may pay any amount as remuneration with the previous approval of the central government

a) correct b) incorrect

7.The directors appointed by proportional representative system shall hold the office for ___

a) 2 years

b) 3 years

c) 4 years

d) 5 years
7. The maximum remuneration payable by a public company to its directors and manager in respect
of a financial year cannot exceed ___ of the net profits of the company.

a)11%

b)12%

c) 13%

d)14%

8.under section _____ of the companies Act, 2013, every company shall be a board of directors

a)149(1)(d)

b) 149(2)(d)

c) 139(1)(d)

d) 139(1)(d)

9._____ is the relationship between corporate managers, directors and the providers of equity

a)government

b) corporate governance

c) legislative

d) none of the above

10. A private company should have minimum of _____ directors

a) 1

b)2

c)3

d) 4

11. a director appointed to represent central or state government having shares in company is
known as______
a) Representative director

b) nominal director

c)nominee director

d) authorised director

12.How many board meetings should be held in a year?

a)12 meetings

b) 4 meetings

c) 6 meetings

d) 3 meetings

13.what is the quorum of board meeting

a) 1/3 of total directors

b) 3 directors

c) 5 directors

d) ¼ of total directors

14. How many days advance notice should be given for AGM

a) 25 days

b)30 days

c) 21 days

d) 07 days

15. Quorum for holding a meeting of shareholders of a public company

a) 5 members

b)3 members

c) 9 members
d) 7 members

16.which of the following should be passed to declare dividends of a company

a) special resolution b) ordinary resolution

c) resolution requiring special notice d) none of the above

17.How many type of proxies can be appointed by a shareholder of a public company

a) 3

b) 2

c)5

d) 8

18.performance of invaluable services to the society by an institution of business is known as ___

a) corporate social responsibility(CSR) b) corporate governance

c) both a & b d) none of the above

19.a special resolution should be passed with more than ___ of votes casted in its favour.

a) 50%

b) 70%

c)75%

d) 90%

20.The board of directors of a company can delegate the powers relating to ____

a)Borrow money

b) grant loans or give guarantee in respect of the borrowed money

c) Neither (a) nor(b) above

d) both (a) and (b) above