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Commerce
Joint Stock Company
Quiz 1
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Q.1
Maximum number of members in Public Limited company
No limit
100
50
200
Q.2
A new settlement controlled by a parent country
Mercantilism
Salutary Neglect
Joint Stock Company
Colony
Q.3
Whichc of the following company can not invite people to invest in their shares ?
Partnership
Public Limited
Private Limited
Non of these
Q.4
Minimum number of members in Private company
7
10
2
1
Q.5
One person company is mandatory to register.
True
False
Partially True
Partially False
Q.6
Which of the following is feature of Joint Stock Company?
One man control
Two or more person
Service Motive
Voluntary Association
Q.7
Governing law for Joint Stock company
Hindu succession Act
Indian Companies Act
Partnership Act
Indian co-operative society Act
Q.8
Management of Joint stock company is done by BOard of Directors elected by Shareholders.
True
False
Partially True
Partially False
Q.9
Liability of owner is limited in
OPC
Partnership
Joint Stock company
Both a and c
Q.10
How many representative OPC can have
1
2
3
4
Q.11
Which of the following company need to compulsory issue the Prospectus ?
OPC
Private Company
Public Company
All of the above
Q.12
Minimum paid up capital in Public company
1 Lakh
5 Lakhs
10 Lakhs
15 Lakhs
Q.13
Shares are freely transferable in case of Private company
True
False
Partially True
Partilly False
Q.14
Members of Joint stock company are called?
Partners
Shareholders
Directors
Members
Q.15
Private Company can start the work after getting
Certificate of Incorporation
Certificate of Commencement of Business
Issuing Share capital
Soon after signing the agreement
Q.16
Liability od Share holder is
Unlimited
Limited
Is decided at the time of winding Up
Q.17
The Shares Of the company can be transferred
With the permission of the company
Consent of Board Of Directors
On discretion of Shareholders
After a fixed period of time it has to be transfered
Q.18
Joint Stock Company can
Limited sources
Moderate Resources
Large resources
Q.19
A Private company can be started by _____________________ members
2
5
1
Q.20
In Jpimt Stock Company the risk is distributed among the share holders
True
False
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