Commerce quiz, joint stock company and general

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BY : RICHARD’S

COMMERCE

Which of the following came up as a result of drawback in a partnership?

SOLE PROPRIETORSHIP

JOINT STOCK COMPANY

PARTNER SHIP

ALL OF THE GIVEN OPTIONS

A GOVERNMENT COMPANY IS ONE IN WHICH THE GOVERNMENY HOLDS…

ATLEAST 51% PAID UP CAPITAL

ATLEAST 51% PAID UP CAPITAL

ATLEAST 25% PAID UP CAPITAL

ATLEAST 50% PAID-UP CAPITAL

ALL OF THE ABOVE

“a company is an artificial person created by law, having a separate

legal entity , with a perpetual succession & a common seal” Who gave this

definition?

JUSTICE JAMES

JAMES STEPHENSON

L.H.HANEY

CHIEF JUSTICE MARSHALL

Statutory meeting is the meeting of the members of the public limited

company…HELD

ONLY ONCE IN LIFE OF A PUBLIC LTD

CO.

EVERY YEAR

ONCE IN 6 MONTHS

ONCE IN 5 YEARS

Which company out of the four does not fall in the categorY

of

company on the basis of extent of ownership and control

HOLDING COMPANY

MULTI NATIONAL COMPANY

SUBSIDIARY COMPANY

GOVERNMENT COMPANY

What is the liability of the Director if he submits a false statement with

a fraudulent intention

RS 50,000+2 YEARS JAIL

RS 1,00,000+5 YEARS JAIL

RS 10,OOO + 5 YEARS JAIL

RS 5,00,00 + 5 YEARS JAIL

RS 1,00,000 + 5 YEARS JAIL

FULL NAME OF STEVE JOBS IS….

STEVE JOBS

STEVE NEOL JOBS

STEVEN PAUL JOBS

STEVE PAUL JOBS

REAL NAME OF DHIRU BHAI AMBANI IS…

DHIRAJLAL HARICHAND AMBANI

DHIRU AMBANI

DHIRAJLAL HIRACHAND AMBANI

DHIRAJLAL CHAND AMBANI

CANNOT COMMENCE

ITS OPERATIONS UNTIL IT OBTAINS

******** IN ADDITION TO THE *********

CERTICATE OF INCORPORATION & COMMENCEMENT

What are the least numbers of Directors required in a public company?

2

7

3

5

‘ultra vires’ in a company means

Any act beyond the powers mentioned in the prospectus

Any act beyond the powers mentioned in memorandum

Any act beyond the powers mentioned in articles

It includes all the above options

ANY ACT BEYOND THE POWERS MENTIONED IN MEMORANDUM

Which company has a minimum paid –up capital 5 lakh rupees

Government company

Public company

Private company

It includes all the above options

PUBLIC COMPANY

Number of minimum members in a Public limited company are

2

7

11

5

SEVEN

Which Business does not dissolve by the death, insolvency and lunacy of members

Sole proprietorship

Joint Stock company

partnership

It includes all the above options

JOINT STOCK COMPANY

Name the company incorporated under the Companies Act 1956 but may have for

shareholders. Multinational company

Foreign company

Indian company

It includes all the above options

INDIAN COMPANY

Which is the company classified on the basis of Mode or incorporation

Chartered

Statutory

Registered

It includes all the above options

ALL THE ABOVE OPTIONS

Which company has a minimum paid –up capital 5 lakh rupees

Government company

Public company

Private company

It includes all the above options

PUBLIC COMPANY

Hindustan machine Tools is an example of…

Government company

Public company

Private company

It includes none of the options given above s

GOVERNMENT COMPANY

Hindustan machine Tools is an example of…

Commence the business after getting certificate of commencement

Commence the business after getting registration

Commence business only after getting both certificate of commencement and certificate of incorporation

Commence the business after getting certificate of Incorporation

CERTIFICATE OF INCORPORATION

A Private company can:

After getting certificate of incorporation

Reserve Bank of INDIA is an example of…

Registered companies

Statutory companies

Chartered companies

Private companies

STATUTORY COMPANIES

In which company the liability of the member is limited up to the face value of the shares held

Sole trader

Partnership

Company

None of the above options

COMPANY

Which is the company classified on the basis of Mode or incorporation

Chartered

Statutory

Registered

It includes all the above options

ALL THE ABOVE OPTIONS

Correct the definition A company is an artificial person, created

by an agreement, having no entity, with a perpetual succession and a common seal

A company is an artificial person, created by law, having a separate entity, with a perpetual succession

and a common seal

Partnership is governed by The Partnership Act of 1956

The Partnership Act of 1932

The Partnership Act of 1942

The Partnership Act of 1932

If the minimum subscription is not received 120 days of the issue of prospectus the amount received on

applications must be returned within..

20 days

10 days

15 days

25 days

I D E N T I F Y

DAUGHTERS OF BILL GATES. WHAT ARE THEIR NAMES?

LATE STEVE JOB’S DAUGHTER

IDENTIFY ANY ONE LAURENE POWELL

JOBS

AKASH AMBANI

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