Corporate Law MCQS

By Prof. Fazal Rehman Shamil
Last modified on January 18th, 2021

Solved MCQs of Corporate Law in Business Law(Questions Answers).

According to Section 2[49] of the Corporate Law, which of the following are the companies that are private companies?
X. Single Member Company
Y. Private Company
Z. Public Unlisted Company
(A) I only
(B) Y only
(C) X and Y only
(D) X, Y, and Z
(E) All of these
(F) None of these
MCQs Answer: (C) X and Y only

The capital of a company is represented by which of the following?
(A) shares
(B) properties
(C) balance sheet
(D) profit
(E) All of these
(F) None of these
MCQs Answer: (A) shares

The word “limited” in a company name can point to the fact of limi? ted
(A) assets
(B) liability
(C) profit
(D) business
(E) All of these
(F) None of these
MCQs Answer: (B) liability

According to Corporate Law, what is the highest number of members of a Private Company (excluding companies with single-member)?
(A) 32
(B) 30
(C) 41
(D) 50
(E) All of these
(F) None of these
MCQs Answer: (D) 50

Which of the following is the meaning of “doctrine of corporate personality”?
(A) A company is a sole trader
(B) A company is a Partnerships
(C) A company is a legal person
(D) A company means its owners
(E) All of these
(F) None of these
MCQs Answer: (C) A company is a legal person

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