Question

Indian Business: An Introduction... write its MCQs question​

Answer 1

Answer:

1. A company is formed by

A. Government

B. Directors

C. Promoters

D.Owners

Answer: C

2. The word limited should appear after the name of

A. Partnership

B. Registered company

C. Statutory company

D. Chartered company

Answer: B

3. Deferred shares are generally issued to:

A.Promoters

B.Government

C.General Public

D.Managing agents

Answer: A

4. The minimum members in public limited company are:

A. 4

B. 2

C. 8

D. 7

Answer: D

5. Share premium is shown in the balance sheet as an:

A. Deducted from the asset side.

B. Liability

C. Deduction in paid up capital

D. Asset

Answer: B

6. Share premium money can be used for:

A.Issue of fully paid bonus shares

B.Payment of debentures

C.Payment of dividend

D. Writing of good will

Answer: A

7. Debenture can be issued at:

A. At discount

B.At premium

C. At par

D.All of the above

Answer: D

8. How many members have to sign a memorandum of association in case of a private company?

A. Five

B. Seven

C. Two

D. Ten

Answer: C

9.The official signature of a company is called:

A. Prospectus

B. Debentures

C. Shares

D. Common seal

Answer: D

10. The company is managed by the group of persons known as:

A.Board of directors

B.Group of member

C.Team of shareholders

D.None of the above

Explanation:

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