Joint Stock Company - Important Question Paper

11th Standard

    Reg.No. :
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Commerce

Time : 01:00:00 Hrs
Total Marks : 50

    Part A

    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. Table A of the Companies Act is a __________

    (a)

    Model minutes book

    (b)

    Model form of Balance Sheet

    (c)

    Model of AOA

    (d)

    Model of MOA

  3. Which of the following is created by a Special Act of Parliament or in State Assemblies?

    (a)

    Chartered company

    (b)

    Foreign company

    (c)

    Government company

    (d)

    Statutory company

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

    (a)

    Creditors

    (b)

    Debtors

    (c)

    Debenture holders

    (d)

    Share holders (members)

  5. 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

  6. The Liability of Share holders of a Private Limited Company is limited to _________

    (a)

    at Paid up value of the Shares

    (b)

    Amount remaining unpaid on the shares

    (c)

    the extent of Private Assets

    (d)

    Amount called up

  7. 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

  8. Which of the following is created by a Special Act of parliament or in State Assemblies?

    (a)

    Chartered Company

    (b)

    Foreign Company

    (c)

    Government Company

    (d)

    Statutory Company

  9. The Minimum subscription specified in the prospectus must be received within

    (a)

    60 days

    (b)

    90 days

    (c)

    120 days

    (d)

    150 days

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

    (a)

    50

    (b)

    100

    (c)

    200

    (d)

    above 200

  11. Part B

    6 x 2 = 12
  12. What is the Significance of the common seal of the Company?

  13. What is meant by Memorandum of Association?

  14. What is meant of Articles of Association?

  15. What is Common seal?

  16. What is Domestic company?

  17. What is Objective clause?

  18. Part C

    6 x 3 = 18
  19. What is Memorandum of Association?

  20. What is Articles of Association?

  21. What do you mean by Domestic Companies?

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

  23. What is meant by Joint and Several Liability?

  24. What do you mean by Company limited by Guarantee?

  25. Part D

    2 x 5 = 10
  26. Explain the following types of Companies.
    (i) On the basis of incorporation
    (ii) On the basis Membership

  27. Classify the Companies According to its Incorporation.

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