1181. An agreement enforceable by Law is a
A. Promise
B. Contract
C. Obligation
D. Lawful promise
✅ The correct answer is option B.
SSC
1182. Which of the following statements is not correct regarding removal of first auditor before expiry of the term?
A. He is removed at general meeting
B. Shareholders are authorized to do so
C. The approval of central government is required for such removal
D. The provision for such removal is contained in Section 224 (7)
✅ The correct answer is option C.
1183. The Law of Contract in India is contained in
A. Indian Contract Act 1862
B. Indian Contract Act 1962
C. Indian Contract Act 1872
D. Indian Contract Act 1972
✅ The correct answer is option C.
1184. Banking Regulation Act was passed in the year–
A. 1912
B. 1949
C. 1956
D. 1955.
✅ The correct answer is option B.
1185. Shares issued for consideration other than cash should be vouched with help of –
A. Directors minutes book
B. Shareholders minute’s book
C. Contract with the party concerned
D. Cash book
✅ The correct answer is option C.
1186. The panel of Auditors of cooperative society is maintained by –
A. Charted Accountant
B. Central Government
C. Registrar
D. Shareholders
✅ The correct answer is option C.
1187. Thevacancy caused by resignation of an auditor is filled by –
A. Board of directors
B. At the general meeting of shareholders
C. By the central government
D. By the company law board
✅ The correct answer is option B.
1188. Voucher relates to:
A. Cash receipt.
B. Cash payment.
C. Credit transactions.
D. All the above.
✅ The correct answer is option A.
1189. Valuation is the basis of :
A. Verification.
B. Marketing.
C. Internal checking.
D. Vouching.
✅ The correct answer is option A.
1190. A special auditor is appointed by the –
A. Shareholders
B. Board of directors
C. Central government
D. CAG
✅ The correct answer is option C.