Test: Concept of State and Nation- 1 - Humanities/Arts MCQ

This statement is True because of the following reasons : 
(i) Minutes are brief summary of the business transacted at a meeting.
(ii) A secretary has to make entries in the minutes book within 30 days of every meeting.
(iii) The minutes of general meetings and board meetings must be recorded within 30 days of such meeting.
(iv) The secretary should show the minutes to the chairman immediately after drafting and get them approved from the chairman.
(v) Minutes cannot be altered once approved and signed by the chairman.
(vi) The secretary should draft the minutes after going through the agenda and the notes taken down by him during the course of the meeting.
(vii) Minutes should be complete in all respects i.e. all resolutions and decisions taken must be incorporated in the minutes.
(viii) Minutes should be divided into suitable paragraphs.
(ix) Minutes should be drafted in an affirmative manner.
(x) Hence, the secretary of the meeting has to draft the minutes of the meeting.

Dispatch of goods is not included in the internal check as regards purchase because  dispatch does not comes under purchase function it is a part of sale function.

TISCO, is an Indian multinational steel making company headquartered in Kolkata, India. As it comes under international laws, the above stated Indian acts are not applicable on it.
Hence, D is the correct option.

Statutory meeting is the first meeting of the shareholders of a public company. It must be held within a period of not less than one month and not more than six months. The purpose of statutory meeting with its statutory report is to tell the shareholders of all the important fact about the company. The board of directors must at least 21 days before the day on which the meeting is to be held, forward a report called statutory report to every member of the company. Hence the notice of the statutory meeting must be accompanied by the statutory report.

This statements is True because of the following reason:
(i) The Board of Director is the authority  who convene this meeting and delegate the authority to the secretary.
(ii) Atleast 21 days advance notice from the date the meeting must be given to all the member at their registered addresses.
(iii) The notice,admit card,etc. atleast 21 days before the date of holding of such meeting.

True, the meeting which is held between two consecutive Annual General Meetings is called Extraordinary General Meeting . It is a sort notice meeting o members and the shareholders especially to consider a particular matter. 

This statement is False because of the following reasons : 
(i) The Board of Director is the authority who convene this meeting. 
(ii) This authority is delegated to the secretary in Board Meeting.
(iii) The secretary has to ensure the preparation of annual report and annual accounts. 
(iv) These reports and financial statement need to be approved by the board and the auditors.
(v) The secretary presents the Annual Accounts to the directors for approval and obtains signature. 
(vi) He also sends Annual Accounts to the auditor for audit.
(vii) The secretary then drafts the Directors' Report. This report presents the performance of the company during the year.
Hence, it is the secretary and not the members who prepare annual report.

The FRP is the least amount price that sugar mills have to pay to sugarcane farmers. It is strong-minded on the basis of the recommendation of Commission for undeveloped Costs and Prices (CACP) and after discussion with State Governments and other stakeholders. 
The Cabinet Committee on Economic Affairs (CCEA) chair by Prime Minister Narendra Modi has standard the suggestion in respect of strength of mind of 'Fair and Remunerative Price' of sugarcane payable by sugar mills for 2019-20 sugar season. 
Thus, the correct option is A.

Branch, bough, limb refer to divisions of a tree. Branch is general, meaning either a large or a small division. Bough refers only to the larger branches: a bough loaded with apples. A limb is a large primary division of a tree trunk or of a bough: to climb out on a limb.
A “branch”, by contrast, will be a part of a company, organised so as to conduct business on behalf of that company. ... A branch is not a separate corporate entity, but is typically run along lines that are similar in concept to those of a subsidiary company.

Minutes also known as minutes of meeting are instant records. They typically describe the events of the meeting and may include a list of attendees, a statement of the issues considered by the participants and related responses or the decision of the issue.