IBPS PO General Awareness: Business Law questions with solutions

Q1. Which of the following is part of the Memorandum of Association of a company? 1. The objective of the company 2. The state in which the company is located 3. The clause stating the liability of the members, whether limited or unlimited 4. The name of the company should be stated in this clause

1. 1, 2, 3 and 4
2. 1, 2 and 4
3. 2, 3 and 4
4. 1, 3 and 4

Answer: 1, 2, 3 and 4

The Memorandum of Association includes the name clause, registered office clause, object clause, and liability clause. Hence, all four statements are part of it.