Q. A person cannot hold directorship of more than _______ companies at a time.
✅ Correct Answer: (A)
15
Management information system MCQs and Notes
Q. The directors may be held _______ liable on their failure to fulfill the formalities imposed upon them by the Act.
✅ Correct Answer: (B)
Criminal
Q. _________ member of directors need to retire every year
✅ Correct Answer: (D)
1/3
Q. Directors are _________ of the Powers conferred on then and they must exercise those powers bonafide and for the benefit of the company.
✅ Correct Answer: (A)
Trustee
Q. The managing directors hold the _______ shares of the company.
✅ Correct Answer: (C)
Qualification
Q. The maximum remuneration paid to a manager cannot exceed _________ percent of the annual net profit.
✅ Correct Answer: (B)
5%
Q. __________ vacancy is caused by resignation, death, insolvency or insanity.
✅ Correct Answer: (A)
Casual
Q. The office of a director becomes vacant if he fails to obtain his qualification shares within _____
✅ Correct Answer: (C)
2 months
Q. According to Sec. 225, the Directors should be appointed in the ________-
✅ Correct Answer: (B)
General Meeting
Q. ____________ is the Supreme policy framing and decision making organ of a company.
✅ Correct Answer: (A)
Board of director