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11th Standard Commerce Joint Stock Company English Medium Free Online Test One Mark Questions with Answer Key 2020 - 2021

11th Standard

    Reg.No. :
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Commerce

Time : 00:10:00 Hrs
Total Marks : 10

    Answer all the questions

    10 x 1 = 10
  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. 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

  3. 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

  4. The Minimum subscription specified in the prospectus must be received within_________.

    (a)

    60 days

    (b)

    90 days

    (c)

    120 days

    (d)

    150 days

  5. A Company, in which not less than fifty are the percent of paid-up share capital is held by a State Government, is known as __________ Company.

    (a)

    Chartered

    (b)

    Foreign

    (c)

    Government

    (d)

    Statutory

  6. The minimum paid up Capital of a Private Limited Company should be _____________

    (a)

    Rs 1 lakh

    (b)

    Rs 2 lakhs

    (c)

    Rs 3 lakhs

    (d)

    more than Rs 5 lakhs

  7. Tata Motors Limited, Satyam computer services ltd are the Examples of _______________

    (a)

    Chartered Companies

    (b)

    Statutory Companies

    (c)

    Registered Companies

    (d)

    Multinational Companies

  8. The minimum number of members for a public limited company is :

    (a)

    2

    (b)

    3

    (c)

    7

    (d)

    10

  9. The liability of the members of a company is generally ________ to the value of shares.

    (a)

    Joint and Several

    (b)

    Unlimited

    (c)

    Limited

    (d)

    All the above

  10. A company incorporated outside India but having a place of business in India is called _______

    (a)

    Domestic company

    (b)

    Foreign company

    (c)

    Holding company

    (d)

    Government company 

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