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B Com Exam  >  B Com Test  >  Company Law  >  Test: Management- 1 - B Com MCQ

Management- 1 - Free MCQ Practice Test with solutions, B Com Company Law


MCQ Practice Test & Solutions: Test: Management- 1 (10 Questions)

You can prepare effectively for B Com Company Law with this dedicated MCQ Practice Test (available with solutions) on the important topic of "Test: Management- 1". These 10 questions have been designed by the experts with the latest curriculum of B Com 2026, to help you master the concept.

Test Highlights:

  • - Format: Multiple Choice Questions (MCQ)
  • - Duration: 10 minutes
  • - Number of Questions: 10

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Test: Management- 1 - Question 1
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In case of a casual vacancy of a director in a public company, who has the authority to fill the vacancy?

Detailed Solution: Question 1

As per Section 161(4) of the Companies Act, 2013, in the case of a public company, the Board of Directors has the authority to fill the casual vacancy of a director.

Test: Management- 1 - Question 2
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How many independent directors should a listed public company have as a minimum requirement?

Detailed Solution: Question 2

As per Section 149(4) of the Companies Act, 2013, every listed public company should have at least one-third of the total number of directors as independent directors.

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Test: Management- 1 - Question 3
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According to the Companies Act, 2013, how many directors should a public company have as a minimum requirement?

Detailed Solution: Question 3

As per Section 149(1) of the Companies Act, 2013, every public company should have a minimum of 3 directors.

Test: Management- 1 - Question 4
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What is the transition period provided for compliance with the residency requirement for directors?

Detailed Solution: Question 4

Section 149(5) of the Companies Act, 2013 provides a transition period of one year from the date of commencement (1st April, 2014) to comply with the residency requirement for directors.

Test: Management- 1 - Question 5
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Which class or classes of companies are required to appoint at least one woman director?

Detailed Solution: Question 5

As per Rule 3 of the Companies (Appointment and Qualification of Directors) Rules, 2014, every listed company and every other public company with a paid-up share capital of Rs 100 crore or more, or a turnover of Rs 300 crore or more, is required to appoint at least one woman director.

Test: Management- 1 - Question 6
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When should a person proposed to be appointed as a director furnish their Director Identification Number (DIN)?

Detailed Solution: Question 6

As per Section 152(4) of the Companies Act, 2013, a person proposed to be appointed as a director should furnish their Director Identification Number (DIN) before the appointment by the company in general meeting.

Test: Management- 1 - Question 7
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Which type of director is appointed in place of another director during their absence from India for a period of not less than 3 months?

Detailed Solution: Question 7

Section 161(2) of the Companies Act, 2013 provides for the appointment of an Alternate Director, who is appointed in place of another director during their absence from India for a period of not less than 3 months.

Test: Management- 1 - Question 8
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What is the term of office for an additional director?

Detailed Solution: Question 8

Section 161(1) of the Companies Act, 2013 states that an additional director holds office up to the date of the next annual general meeting or the last date on which the annual general meeting should have been held, whichever is earlier.

Test: Management- 1 - Question 9
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In case of a listed company, what should be the minimum period of notice for giving candidature of a person for directorship?

Detailed Solution: Question 9

As per Rule 13 of the Companies (Appointment and Qualification of Directors) Rules, 2014, a person's candidature for directorship in a listed company should be given not less than 14 days before the general meeting.

Test: Management- 1 - Question 10
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Who can nominate a person to act as a director in a company?

Detailed Solution: Question 10

As per Section 161(3) of the Companies Act, 2013, the Board may appoint a person as a director nominated by any institution in pursuance of the provisions of any law for the time being in force or of any agreement or by the Central Government or the State Government by virtue of its shareholding in a Government company.

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About this B Com Practice Test

This test contains 10 MCQs on Management- 1 with detailed solutions for each question. It is part of the Company Law course on EduRev, designed to align with the current B Com syllabus. Each solution explains not just the correct answer but also gives you an understanding of the topic — not just to attempt the question but also help you prepare for the exam with practice.

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If you found this Management- 1 MCQ Test helpful, you can further enhance your B Com preparation with in-depth courses on EduRev, for all the subjects and topics available in Company Law course. The course offers:
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