Company is a voluntary association of persons which has separate ___________

(a)

legal entity

(b)

voluntary association

(c)

common seal

(d)

limited liability

The capital of a company is divided into small units of ________

(a)

current amount

(b)

fixed amount

(c)

capital amount

(d)

none of these

Equity shares are also known as

(a)

authorised capital

(b)

issued capital

(c)

subscribed capital

(d)

ordinary shares

Paid up capital is that part of called up capital which has been actually paid by the ____________

(a)

shareholders

(b)

members

(c)

cardholders

(d)

directors

Issue of equity shares to the existing share holders of the company through a letter of offer is known as ____________

(a)

public issue

(b)

rights issue

(c)

bonus issue

(d)

private placement