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Free AAFM CTEP Exam Questions (page: 22)

Page 22 of 119
PDF with 472 Questions

Which of the following is essential for contract?

  1. Free Consent
  2. Witness
  3. Signatory
  4. Consideration

Answer(s): D



A person is deemed to have attained majority on completion of __________________ in case where a guardian of a minor's property is appointed under the Guardian and Wards Act,1890.

  1. 15 years
  2. 16 years
  3. 18 years
  4. 21 years

Answer(s): D



Public Limited Companies have a minimum paid up capital of ______________ or such higher capital as may be prescribed.

  1. Rs 1,00,000
  2. Rs.3,00,000
  3. Rs.5,00,000
  4. Rs10,00,000

Answer(s): C



Private Companies have a minimum paid up capital of _______________ or such higher capital as may be prescribed.

  1. Rs 1,00,000
  2. Rs.3,00,000
  3. Rs.5,00,000
  4. Rs10,00,000

Answer(s): A



Viewing page 22 of 119



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