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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