FINAL ANSWER KEY

Question 116/2023/0ட

Paper Code:

Category 399/2021

Code:

Exam: Assistant Accounts Officer

Date of Test 19-07-2023
Department Kerala Livestock Development Board Ltd

Question1:-Which of the following statements is/are correct about companies Act
2013

(1) Official liquidators have adjudicatory powers for companies having net assets of
up to Rupees 2 crore

(11) All companies should have at least one director who has been a resident of
India for not less than 182 days in last year

(111) Having independent directors has been made a statutory requirement for all
companies

(iv) It provides for self-regulation concerning disclosures and transparency rather
than having a government-approval based regime

A:-(i), (ii), (iii)

B:-(ii), (iii), (iv)

C:-(ii) and (iv)

D:-Only (ii)

Correct Answer:- Option-C

Question2:-Which of the following statements is/are incorrect about Coercion and
Undue influence in a contract

(i) It is not necessary in Coercion that there must be some sort of relationship
between the parties

(11) Undue influence is always exercised between parties to the contract

(111) The contract is voidable at the option of the party whose consent has been
obtained by the coercion

(iv) Where the consent is induced by undue influence, the contract is neither
voidable nor the court may set aside not enforce it in a modified form

A:-(i), (ii)

B:-(ii), (iii)

C:-Only (i)

D:-Only (iv)

Correct Answer:- Option-D

Question3:-Which of the following section of Negotiable Instruments act, 1881
describes different types of Negotiable Instruments?

A:-Section 7
B:-Section 13
C:-Section 4