11th Standard EM - Commerce - Joint Stock Company

Buy 11th Standard COMMERCE Practice test pack

Question - 1

The relationship between outsiders and the company is defined in _______.

  • A Prospectus
  • B Articles of Association
  • C Memorandum of Association
  • D Certificate of Incorporation

Question - 2

Table A of the Companies Act is a __________

  • A Model minutes book
  • B Model form of Balance Sheet
  • C Model of AOA
  • D Model of MOA

Question - 3

Which of the following is created by a Special Act of Parliament or in State Assemblies?

  • A Chartered company
  • B Foreign company
  • C Government company
  • D Statutory company

Question - 4

The Board of directors of a company is elected by _________

  • A Creditors
  • B Debtors
  • C Debenture holders
  • D Share holders (members)

Question - 5

Companies established as a result of a charter granted by the King or Queen of a country is called ____________

  • A Chartered companies
  • B Statutory companies
  • C Registered companies
  • D Foreign companies

Question - 6

A _________ is a distinct legal entity.

  • A Company
  • B Organisation
  • C Business
  • D None of these

Question - 7

__________ in a Company are freely transferable.

  • A Members
  • B Shares
  • C Both
  • D None of these

Question - 8

Registration of a Joint Stock Company is ________

  • A Compulsory
  • B Optional
  • C Compulsory for Public Limited Companies and Optional for Private Limited Companies
  • D Optional for Public Limited Companies and compulsory for Private Limited Companies.

Question - 9

The Liability of Share holders of a Private Limited Company is limited to _________

  • A at Paid up value of the Shares
  • B Amount remaining unpaid on the shares
  • C the extent of Private Assets
  • D Amount called up

Question - 10

Which of the following documents define the scope of a Company's Activities?

  • A Memorandum of Association
  • B Articles of Association
  • C Prospectus
  • D Statutory Declaration