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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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