For raising capital, a joint-stock company issues________________.

(a)

shares

(b)

debentures

(c)

prospectus

(d)

articles of association

For borrowing a debt, a joint-stock company issues_____________.

(a)

shares

(b)

debentures

(c)

prospectus

(d)

articles of association

Management of joint-stock company is entrusted to_________________.

(a)

promotors

(b)

debenture holders

(c)

government

(d)

board of directors

The shareholders of a company are its_____________.

(a)

borrowers

(b)

debtors

(c)

creditors

(d)

members

The definition of shares is given in the Companies Act 1956,in section______________.

(a)

1 (46)

(b)

2 (46)

(c)

3 (46)

(d)

4 (46)