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Published on: 03/09/2022
QB365 provides a detailed and simple solution for every Possible Creative Questions in Class 12 Commerce Subject - Companies Act, 2013, English Medium. It will help Students to get more practice questions, Students can Practice these question papers in addition to score best marks.
Download Tamil Nadu 12th Standard Commerce question papers, model tests, one-mark questions, important questions, and public exam papers in PDF format. Free study materials and answer keys for TN State Board students.
Questions + Answers key
Take MCQ Commerce Test1.
__________ is created form fully paid shares by passing an ordinary resolution the general meeting.
Stock
Shares
Debentures
Preference shares
2.
If the proposed nominal capital is more than Rs. 25 lakhs at the time of incorporation then the company needs to submit ________ along with the application.
statement of capital
certificate of incorporation
certificate of capital
none of these
3.
The address of the registered office of the company must be notified to the registrar within ________ days of registration if it is not done at the time of incorporation.
15
30
60
45
4.
The ___________ is the charter of a company.
Memorandum of Association
Articles of Association
Both 'a' and 'b'
None of the above
5.
Minimum subscription should be received within ____________ days.
130
125
120
150
6.
If minimum subscription is not received application money should be refunded with in ___________ days.
20
25
30
10
7.
| List I | List II | ||
|---|---|---|---|
| i) | Issue of shares at par | 1) | Except sweat equity share |
| ii) | Issue of shares at premium | 2) | Reserves and surplus |
| iii) | Issue of securities at discount | 3) | Write off preliminary expenses |
| iv) | Bouns shares | 4) | No legal restrictions |
| (i) | (ii) | (iii) | (iv) |
| 1 | 2 | 3 | 4 |
| (i) | (ii) | (iii) | (iv) |
| 2 | 3 | 1 | 4 |
| (i) | (ii) | (iii) | (iv) |
| 3 | 4 | 2 | 1 |
| (i) | (ii) | (iii) | (iv) |
| 4 | 3 | 1 | 2 |
8.
| List I | List II | ||
|---|---|---|---|
| i) | Registered debentures | 1) | Irredeemable debenture |
| ii) | Bearer debentures | 2) | Charge on the fixed assets |
| iii) | Perpetual debentures | 3) | Negotiable instrument |
| iv) | Secured debentures | 4) | Issued in the name of a particular person |
| (i) | (ii) | (iii) | (iv) |
| 2 | 3 | 4 | 1 |
| (i) | (ii) | (iii) | (iv) |
| 4 | 3 | 2 | 1 |
| (i) | (ii) | (iii) | (iv) |
| 3 | 4 | 2 | 1 |
| (i) | (ii) | (iii) | (iv) |
| 1 | 2 | 3 | 4 |
9.
The person who envisages the idea is called a
Promoter
Manager
Director
Member
10.
The articles of association need to be signed by
all proposed directors
registrar
subscribers of memorandum
none of the above
11.
A debenture, in which no specific time is specified by the companies to pay back the money is called an
Registered debentures
Bearer debentures
Irredeemable debentures
None of these
12.
The second most important document which is required at the time of registration is
Memorandum of Association
Prospectus
Articles of Association
None of these
13.
The second stage in the formation of the company is
promotion
registration
capital subscription
commencement of business
14.
Minimum number of members required to apply for incorporation certificate in a Public Ltd company is
3
2
7
50
15.
Which company shares can be freely transferable?
Private company
Public company
Both 'a' and 'b'
None of these
1.
(a)
Stock
2.
(c)
certificate of capital
3.
(b)
30
4.
(a)
Memorandum of Association
5.
(c)
120
6.
(d)
10
7.
(d)
| (i) | (ii) | (iii) | (iv) |
| 4 | 3 | 1 | 2 |
8.
(b)
| (i) | (ii) | (iii) | (iv) |
| 4 | 3 | 2 | 1 |
9.
(a)
Promoter
10.
(c)
subscribers of memorandum
11.
(a)
Registered debentures
12.
(c)
Articles of Association
13.
(b)
registration
14.
(c)
7
15.
(a)
Private company
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History
Computer Applications
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Computer Applications
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