Industry Ethics And Legal Issues MCQ's with Answers
set II
Q1. Before 16 Jan, How many states were already working in Startup India policies?
a) 2
b) 3
c) 4
d) 7
Answer is c) 4
Q2. For R& D, human resource started a new scheme for students
a) Tinkering labs
b) Manak
c) Avishkar yojana
d) Uchhatar Avishkar yojana
Answer is b) Manak
Q3. Is the given statement true " The profits of recognized Startup’s that are granted an Inter-Certificate are exempted from income-tax for a period of 3 years" ?
a) True
b) False
Answer is b, False
Q4. For Startup India which online link is correct?
a) www.statupindiahub.org.in
b) www.startupindiahub.org.in
c) www.startupsindiakub.org,in
d) www.startupindiahubs.org.in
Answer is b) www.startupindiahub.org.in
Q5.Statement: "Product is the king " Which company satisfy the statement?
a) Product based Companies
b) Software based company
c) Price based companies
d) Service based companies
Answer is a) Product based Companies
Q6. Statement 1: Startups can exit their company within 90 or 180 days
Statement 2: Startups can exist their company after completing 4 or more years
which statement is true?
a) Statement 1, statement 2 is true
b) Statement 1 is true, statement 2 is false
c) statement I is false, statement 2 is true
d) Both statement 1, 2 are incorrect
Answer is b) statement 1 is true ,statement 2 is false
Q7. The profits of recognised Startups are exempted from income-tax for how many years?
a) 2 years
b) 3 years
c) 4 years
d) 1 year
Answer is b) 3 years
Q8. Statement: 6 Labour and 3 Environment laws for a period of 5 years from the date of registration. This act comes under which law?
a) DIPP
b) Self-certification
c) Source certification
d) Self- clarification
Answer is b) Self-certification
Q9. Which of the following is Product based Company?
a) Amazon
b) Microsoft
c) Cisco
d) All of above
Answer is d) All of the above
Q10. Startups are allowed to self-certify their compliance under 6 Labour and 3 Environment laws for a period of how many years from the date of incorporation?
a) 2 years
b) 3 years
c) 5 years
d) 4 years
Answer is c) 5 years
Q11. Recently the government launched 'Startup India' initiative. Which of the following statement is/are true regarding it?
1. Innovation hub under Atal Innovation Mission will be created
2. Startup will be started in one day.
3. Profits earned by Startups will be exempt from payment of income tax during the first two years of business.
4. Easy exit option will be provided.
a) 2 , 3 , 4
b) 1 , 2 , 3
c) 1 , 2 , 4
d) All of the above
Answer is c) 1 , 2, 4
Q12. "software engineers should not use their technical skills to misuse other people's computers." Here the term misuse refers to:
a) unauthorized access to computer material
b) Unauthorized modification of computer material
c) Dissemination of viruses or other malware
d) All of the mentioned
Answer is d) All of the mentioned
Q13. The concept of a Director Identification Number (DIN) has been introduced for the first time with the insertion of Sections of "Companies (Amendment) Act, 2006.
a) 296A to 296G
b) 266A to 266G
c) 276A to 276G
d) 286A to 286G
Ans is b) 266A to 266G
Q14. The plan shows whether the business is economically feasible or not.
a) Financial
b) Business
c) Economic
d) Marketing
Ans is b) Business
Q15. What are ethical theories?
a) Ethical theories are the conduct that should be followed in order to have good ethical practices
b) Ethical theories are the rules and principles that determine right and wrong for any given situation
c) Ethical theories are ancient hypothesis' on how to create good business practice
d) Ethical theories give guidelines on how to achieve a good corporate image
Ans is b) Ethical theories are the rules and principles that determine right and wrong for any given situation
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