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Joint Stock Company Model Question Paper

11th Standard

    Reg.No. :
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Commerce

Time : 02:00:00 Hrs
Total Marks : 50
    5 x 1 = 5
  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

  2. The Board of directors of a company is elected by _________

    (a)

    Creditors

    (b)

    Debtors

    (c)

    Debenture holders

    (d)

    Share holders (members)

  3. A _________ is a distinct legal entity.

    (a)

    Company

    (b)

    Organisation

    (c)

    Business

    (d)

    None of these

  4. Maximum of __________ persons can become shareholders in a Private Company.

    (a)

    50

    (b)

    100

    (c)

    200

    (d)

    above 200

  5. The aggregate nominal value of qualification shares shall not exceed ____________ rupees.

    (a)

    two thousand

    (b)

    three thousand

    (c)

    five thousand

    (d)

    ten thousand

  6. 5 x 2 = 10
  7. Define a Company.

  8. Explain any two characteristics of a company.

  9. What is meant by Chartered Company?

  10. What is Perpetual succession?

  11. What is Situation clause?

  12. 5 x 3 = 15
  13. What are the advantages of Companies? (Any 3)

  14. What is meant by Private Company?

  15. What is meant by Foreign Company?

  16. Write a note on one share - one vote.

  17. What is meant by perpetual succession?

  18. 4 x 5 = 20
  19. What are Disadvantages of the Company form of organization?

  20. What are the contents of Memorandum of Association?

  21. What is meant by Prospectus?

  22. What is meant by Holding and Subsidiary company?

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